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  1. A Hayekian Explanation of Hayek's 'Epistemic Turn'.Scott Scheall - 2015 - Economic Thought 4 (2):32.
    The present essay aims to account for F.A. Hayek's oft-noted 'turn' away from technical economics to concerns of a more philosophical nature. In particular, the paper seeks an explanatory principle that reconciles various elements of both continuity and discontinuity in Hayek's intellectual development, especially with respect to the evolution of his arguments concerning economic fluctuations. The essay uncovers such an explanatory principle in Hayek's own methodology of sciences of complex phenomena. According to this principle, an inquirer who confronts phenomena too (...)
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  2. Is Extinction Risk Mitigation Uniquely Cost-Effective? Not in Standard Population Models.Gustav Alexandrie & Maya Eden - forthcoming - In Jacob Barrett, Hilary Greaves & David Thorstad (eds.), Longtermism: Present Action for the Distant Future.
    What socially beneficial causes should philanthropists prioritize if they give equal ethical weight to the welfare of current and future generations? Many have argued that, because human extinction would result in a permanent loss of all future generations, extinction risk mitigation should be the top priority given this impartial stance. Using standard models of population dynamics, we challenge this conclusion. We first introduce a theoretical framework for quantifying undiscounted cost-effectiveness over the long term. We then show that standard population models (...)
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  3. The Pressure for Monetary Depreciation.Arthur Feiler - forthcoming - Social Research: An International Quarterly.
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  4. Monetary Equilibrium and the Natural Rate of Interest.Hans Neisser - forthcoming - Social Research: An International Quarterly.
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  5. Monetary expansion and the structure of production.Hans Neisser - forthcoming - Social Research: An International Quarterly.
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  6. A Critique of Neoclassical Macroeconomics (New York: St Martins) 2011a (forthcoming)" The Theory and Empirical Credibility of Commodity Money,".John Weeks - forthcoming - Science and Society.
  7. The New Monetary Policy.Sidney Weintraub - forthcoming - Social Research: An International Quarterly.
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  8. The problems of macroeconomics as institutional problems: complementing the ‘what went wrong’ story with a social epistemology perspective.Teemu Lari - 2024 - Cambridge Journal of Economics 48 (4):661-680.
    After the financial crisis of 2008, many economists expressed dissatisfaction with the state of macroeconomics. They criticised deficiencies in the dominant dynamic stochastic general equilibrium modelling approach and conceptions of good macroeconomic research behind that dominance. This paper argues that there is a deeper problem in macroeconomics, which remains unaddressed. I connect existing literature critical of the institutions of macroeconomics and of economics in general to the institutional preconditions of effective criticism outlined by the philosopher Helen Longino. I find that (...)
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  9. The impact of external debt, population growth and inflation on unemployment: Evidence from developing countries.Shahzada Rahim Abbas Shahzada Rahim Abbas - 2024 - Economics Business and Organization Research 6 (1):1-14.
    This paper investigates the relationship between external debt, population growth, and inflation with unemployment in 26 developing countries. The study uses data from 2010 to 2021 and panel data models (fixed, random, and pooled) to analyze the relationship between the variables. Results show that external debt has a significant and positive impact on unemployment across all three models. Similarly, GDP growth has a reducing and significant impact on the unemployment rate, which shows high employment elasticity of growth in the case (...)
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  10. The Philosophical Asymmetry of Economic Materialism and the Negation of Goodwill: A Theoretical Review.Pratama Angga - 2023 - Business Finance Analyst (Bfa) 1:28-35.
    Goodwill is an intangible asset that we can find in a company's accounting cycle. Goodwill is basically subject to depreciation and the measurement related to the amount of depreciation of goodwill does not yet have a strong enough basis so that the assessment of goodwill tends to be subjective and based on management's interests, the impact of this subjective assessment is a failure to present good financial statements and can trigger decision-making errors for third parties. internal or external. The asymmetry (...)
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  11. The Methodological Foundations of Macroeconomics: A View from Say’s Law.Rosolino A. Candela - 2023 - In Nathalie Bulle & Francesco Di Iorio (eds.), The Palgrave Handbook of Methodological Individualism: Volume I. Springer Verlag. pp. 433-455.
    The purpose of this chapter is to explain the evolution of macroeconomic theory from a methodological standpoint. In doing so, my argument will be twofold. First, any theoretical explanation regarding the causes and consequences of macroeconomic phenomena cannot be understood without an underlying theory of microeconomics, whether explicitly or implicitly stated. To state this in modern parlance, all macroeconomic theory, both past and present, has entailed an underlying set of “microfoundations” of one form or another, entailing a theory of individual (...)
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  12. Complexity, Policymaking, and The Austrian Denial of Macroeconomics.Scott Scheall - 2023 - In Bert Tieben, Victoria Chick & Jesper Jespersen (eds.), Routledge Handbook of Macroeconomic Methodology. Routledge.
    Economists associated with the Austrian School of Economics are known to deny the value of macroeconomics as descended from the work of John Maynard Keynes and, especially, his followers. Yet, Austrian economists regularly engage in a related scientific activity: theorizing about the causes and consequences of economic fluctuations, i.e., the business cycle. What explains the Austrians’ willingness to engage in theorizing about the business cycle while denying the scientific import of macroeconomics? The present paper argues that the methodological precepts of (...)
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  13. Current issues of security management during martial law.Maksym Bezpartochnyi, Igor Britchenko, Olesia Bezpartochna, Kostyantyn Afanasyev, Mariia Bahorka, Oksana Bezsmertna, Olena Borschevska, Liliana Chyshynska-Hlybovych, Anna Dybała, Darya Gurova, Iryna Hanechko, Petro Havrylko, Olha Hromova, Tetiana Hushtan, Iryna Kadyrus, Yuri Kindzerski, Svіtlana Kirian, Anatoliy Kolodiychuk, Oleksandr Kovalenko, Andrii Krupskyi, Serhii Leontovych, Olena Lytvyn, Denys Mykhailyk, Oleh Nyzhnyk, Hanna Oleksyuk, Nataliia Petryshyn, Olha Podra, Nazariy Popadynets, Halyna Pushak, Yaroslav Pushak, Oksana Radchenko, Olha Ryndzak, Nataliia Semenyshena, Vitalii Sharko, Vladimir Shedyakov, Olena Stanislavyk, Dmytro Strikhovskyi, Oksana Trubei, Nataliia Trushkina, Sergiy Tsviliy, Leonid Tulush, Liudmyla Vahanova, Nataliy Yurchenko, Andrij Zaverbnyj & Svitlana Zhuravlova (eds.) - 2022 - Vysoká škola bezpečnostného manažérstva v Košiciach.
    The authors of the book have come to the conclusion that toensuring the country’s security in the conditions of military aggression, it is necessary to use the mechanisms of protection of territories and population, support of economic entities, international legal levers of influence on the aggressor country. Basic research focuses on assessment the resource potential of enterprises during martial law, the analysis of migration flows in the middle of the country and abroad, the volume of food exports, marketing and logistics (...)
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  14. Shopping for experts.Gabriele Contessa - 2022 - Synthese 200 (3):1-21.
    This paper explores the socio-epistemic practice of shopping for experts. I argue that expert shopping is particularly likely to occur on what Thi Nguyen calls cognitive islands. To support my argument, I focus on macroeconomics. First, I make a prima-facie case for thinking that macroeconomics is a cognitive island. Then, I argue that ordinary people are particularly likely to engage in expert shopping when it comes to macroeconomic matters. In particular, I distinguish between two kinds of expert shopping, which I (...)
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  15. Review of Stephanie Kelton's The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy (New York, Public Affairs, 2020). [REVIEW]Gabriele Contessa - 2022 - Economics and Philosophy 38 (2):315-320.
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  16. The relationship between farmers’ entrepreneurial behavior and macroeconomics based on the probit regression model and entrepreneurial psychological capital.Hao Li, Na Qi, Zheng Li & Wanying Ma - 2022 - Frontiers in Psychology 13.
    At present, the research on the influence mechanism of psychological capital on farmers’ entrepreneurial behavior is relatively mature. However, the relationship between farmers’ entrepreneurial behavior and macroeconomics by entrepreneurial psychological capital is still unclear. Based on this, firstly, this work analyzes the entrepreneurial PsyCap in detail. Secondly, the research hypothesis is put forward and a conceptual model is implemented. A questionnaire is designed to analyze the current situation of farmers’ entrepreneurial PsyCap and entrepreneurial behavior. Finally, a structural equation model is (...)
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  17. The Evidence for Free Trade and Its Background Assumptions: How Well-Established Causal Generalisations Can Be Useless for Policy.Luis Mireles-Flores - 2022 - Review of Political Economy 34 (3):534-563.
    In this article, I offer a methodological analysis of the empirical research on the causal effects of trade liberalisation, and assess whether such studies can be of any use for guiding policy prescriptions in real-world economies. The analysis focuses on the mainstream economic research that has been used to support arguments in favour of trade liberalisation during the last decades. Even though there are empirical results that could be taken as valid evidence for a causal connection between free trade and (...)
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  18. Gender and Macroeconomics.Günseli Berik & Yana van der Meulen Rodgers - 2021 - In Deborah C. Poff & Alex C. Michalos (eds.), Encyclopedia of Business and Professional Ethics. Springer Verlag. pp. 939-945.
  19. Inductive risk in macroeconomics: Natural Rate Theory, monetary policy, and the Great Canadian Slump.Gabriele Contessa - 2021 - Economics and Philosophy 37 (3):353-375.
    This paper has two goals. The first is to fill a gap in the literature on inductive risk by exploring the relevance of the notion of inductive risk to macroeconomics and monetary policy. The second goal is to draw some general lessons about inductive risk from the case discussed. The most important of these lessons is that the notion of inductive risk is no less relevant to the relationship between the proximate and distal goals of policy than it is to (...)
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  20. Tools for Governance.Noah Garver - 2021 - Chișinău, Moldova: Eliva Press.
    This book is a collection of early papers. These papers are available on the web. They include 'Fact-Value Confusion Driving Methodological Error in Macroeconomic Theory', 'The Genealogy of Natural Law', and 'The Philosophical Values Inherent in Alberta's Approach to Starting Point Sentences'.
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  21. The struggle for the soul of macroeconomics.Kevin D. Hoover - 2021 - Journal of Economic Methodology 30 (2):80-89.
    Critics argued that the 2007–09 financial crisis was failure of macroeconomics, locating its source in the dynamic, stochastic general-equilibrium model and calling for fundamental re-orientation of the field. Critics exaggerated the role of DSGE models in actual policymaking, and DSGE modelers addressed some criticisms within the DSGE framework. But DSGE modelers oversold their success and even claimed that their approach is the sine qua non of competent macroeconomics. The DSGE modelers and their critics renew an old debate over the relative (...)
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  22. Implementation of Tobacco Control Policies in Bangladesh: A Political Economy Analysis.Md Mahmudul Hoque & Riffat Ara Zannat Tama - 2021 - Public Administration Research 10 (2):36-51.
    After ratifying the Framework Convention for Tobacco Control in 2004, Bangladesh enacted anti-tobacco laws, policies, and administrative measures. Evidence suggests that the progress so far has not been significant, and Bangladesh will most likely fail to meet its target to become tobacco-free by 2040. This study undertakes a national-level political economy analysis to explore the dynamics that affect the processes of required tobacco policy reforms and implementation. Based on a desk review of pertinent pieces of literature and key informant interviews, (...)
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  23. The Case of the Consumption Function: Structural Realism in Macroeconomics.Jennifer Jhun - 2021 - In Timothy D. Lyons & Peter Vickers (eds.), Contemporary Scientific Realism: The Challenge From the History of Science. New York, NY: Oxford University Press.
    This paper claims that how economists actually treat the consumption function, both theoretically and empirically, seems to be at odds with traditional structural realism. While economics aims to find out the way the world actually is, economic theory – including theoretical staples such as the consumption Euler equation – do not always state literal truths. Yet, such methods persist. Our investigation will reveal that the Euler equation is deployed as part of a realist methodology to identify scale-dominant behaviors. These analyses (...)
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  24. The case of the consumption function : structural realism in macroeconomics.Jennifer Jhun - 2021 - In Timothy D. Lyons & Peter Vickers (eds.), Contemporary Scientific Realism: The Challenge From the History of Science. New York, NY: Oxford University Press.
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  25. The world is on the verge of change.Nataliya Krasnikova, Victoriia Redko, Olena Dzyad, Olga Mykhailenko, Nataliia Volkova, Liliya Golovko, Olha Pashchenko & Viacheslav Makedon - 2021 - Днипро, Днепропетровская область, Украина, 49000: Publisher Bila K. O..
    The world never stands still. There is always a Brownian movement of economic subjects and objects on the face of it. But, if we have been visualizing this movement over a relatively long period of time, then we can distinguish the acceleration and increase in the volume of movements along individual commodity routes, the growth and formation of new subjects of international economic relations. From time to time, "accelerators" of this movement appear, either in the form of new types of (...)
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  26. Actual issues of modern development of socio-economic systems in terms of the COVID-19 pandemic.Grigorii Vazov (ed.) - 2021 - VUZF Publishing House “St. Grigorii Bogoslov”.
    The entire world community, since 2019, affected by the global pandemic COVID-19. The pandemic caused by this virus, led not only to significant human losses worldwide, but also imposed significant restrictions on the socio-cultural life of the population and radically changed the trends of the global economy and the further functioning of socio-economic systems. Now, huge economic losses have been recorded, which affected almost all sectors of the national economy and the state in the short, medium and long term. However, (...)
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  27. Comment on 'The Empirical Success of Keynesianism' by Donald Gillies.Rafael Galvao de Almeida - 2020 - Economic Thought 9 (1):44.
    Read Donald Gillies' original paper 'The Empirical Success of Keynesianism'...
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  28. Economic theory.Maksym Bezpartochnyi, Igor Britchenko, Illia Dmytriiev, Yaroslava Levchenko & Olena Shershenyuk - 2020 - Professor Marin Drinov Publishing House of BAS.
    Economic theory is the science that studies the actions of people in the process of choosing rare resources for the production, exchange, distribution and consumption of goods and services. Economic theory is a science that studies the laws of development of the economic system arising from the production and appropriation of goods and services in all spheres of social reproduction, as well as those aspects of the evolution of the national consciousness of the spirit of the people, its culture, psychology, (...)
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  29. Emergence versus neoclassical reductions in economics.George Chorafakis - 2020 - Journal of Economic Methodology 27 (3):240-262.
    Many epistemic anomalies of the neoclassical research programme originate from its ontologically reductionist meta-axioms, which predicate how economic macro-systems are constituted from their micr...
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  30. The Empirical Success of Keynesianism.Donald Gillies - 2020 - Economic Thought 9 (1):24.
    The main thesis of this paper is that the empirical success of Keynesianism shows it to be scientific. Keynesianism here refers not to a specific theory, but to a paradigm. It is argued that Kuhn's notion of paradigm can be applied to economics, but, in contrast to the natural sciences, in economics there are always competing paradigms. The principal ones in contemporary economics are the Neoclassical, Keynesian and Marxist. To investigate whether the Keynesian paradigm is scientific we need a criterion (...)
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  31. Crashed: How a decade of financial crises changed the world. Adam Tooze. New York, Viking, 2018.Emmanuel Guerisoli - 2020 - Constellations 27 (1):158-160.
  32. Response to ‘Response to Henschen: causal pluralism in macroeconomics’.Tobias Henschen - 2020 - Journal of Economic Methodology 27 (3):263-265.
    Volume 27, Issue 3, September 2020, Page 263-265.
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  33. Підприємництво як чинник розвитку інноваційної моделі економіки України та її регіонів.Igor Kryvovyazyuk & Ігор Кривов’язюк - 2020
    Монографія розкриває нове вирішення важливого науково-прикладного завдання, що полягає у поглибленні існуючих, розробленні й обґрунтуванні нових науково-методичних положень щодо формування інноваційної моделі розвитку України та її регіонів на основі реалізації підприємницького чиннику – активізації підприємницької ініціативи, розвитку інноваційної активності на регіональному рівні, підтримки розвитку підприємництва шляхом підвищення ефективності державної інноваційної політики. Поглиблено теоретичні засади концепцій інноватики та підприємництва, методологію дослідження підприємництва в контексті формування інноваційної моделі економіки України та її регіонів. Проаналізовано розвиток підприємництва та інноваційних процесів у регіонах України. Запропоновано (...)
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  34. A rejoinder to Henschen: the issue of VAR and DSGE models.Mariusz Maziarz & Robert Mróz - 2020 - Journal of Economic Methodology 27 (3):266-268.
    Volume 27, Issue 3, September 2020, Page 266-268.
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  35. International Financial Credit Crises; Lessons from Canada.Muhammad Rashid - 2020 - Journal of Economics Bibliography 7 (2):101-110.
    The credit crises experienced in the US in year 2008 is labeled as perhaps the most significant crises since the great depression. The roots of the crises were found in the default of the sub-prime mortgages and the failure occurred in both the US and the UK. Due to the integrated nature of international financial systems the spillover impacted many countries as the economies in Asia and Europe were purchasers of the sub-prime mortgages that originated in both UK and US. (...)
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  36. Strategies for sustainable socio-economic development and mechanisms their implementation in the global dimension.Maksym Bezpartochnyi, Igor Britchenko, Viera Bartosova, Jaroslav Mazanec, Darina Chlebikova, Olesia Bezpartochna, Robert Dmuchowski, Eva Kicova, Olga Ponisciakova, Rima Žitkienė, Svetlana Kunskaja, Arunas Burinskas, Viktoriia Riashchenko, Jekaterina Korjuhina, Teimuraz Beridze, Jasmina Gržinić, Kolozsi Pál Péter, Lentner Csaba, Veslav Kuranovic, Ramutė Narkūnienė, Erika Onuferova, Veronika Cabinova, Maria Matijova, Renata Fedorcikova, Szmitka Stanisław, Stanisław Szmitka, Andrius Tamošiūnas, Katarina Belanova, Ľubomír Čunderlík, Christian Becker, Erika Kovalova, Katarina Kramarova, Martina Marchevská, Jana Mitríková, Tatiana Racovchena, Nadejda Ianioglo, Aurelija Burinskiene & Lela Jamagidze (eds.) - 2019 - VUZF Publishing House “St. Grigorii Bogoslov”.
    The authors of the book have come to the conclusion that it is necessary to effectively use modern approaches to developing and implementation strategies of sustainable socio-economic development in order to increase efficiency and competitiveness of economic entities. Basic research focuses on economic diagnostics of socio-economic potential and financial results of economic entities, transition period in the economy of individual countries and ensuring their competitiveness, assessment of educational processes and knowledge management. The research results have been implemented in the different (...)
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  37. Response to Henschen: causal pluralism in macroeconomics.Mariusz Maziarz & Robert Mróz - 2019 - Journal of Economic Methodology 27 (2):164-178.
    In his recent paper in the Journal of Economic Methodology, Tobias Henschen puts forth a manipulationist definition of macroeconomic causality that strives for adequacy. As the notion of ‘adequacy’...
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  38. Book review: PATEL R. & MOORE J.W. A History of the World in Seven Cheap Things: A Guide to Capitalism, Nature, and the Future of the Planet. [REVIEW]Cristian Timmermann - 2019 - Acta Bioethica 25 (1):141-142.
  39. The Comparison of Efficiency and Performance of Portuguese and Ukrainian Enterprises.Igor Britchenko, Ana Paula Monte, Igor Kryvovyazyuk & Lidiia Kryvoviaziuk - 2018 - Списание «Икономически Изследвания (Economic Studies)» 1:87-108.
    This article intends to analyze the performance and the efficiency of companies and to identify the key factors that may explain it. It was selected a sample with 15 enterprises: 7 Portuguese and 8 Ukrainian ones, belonging to several industries. Financial and non-financial data was collected for 6 years, during the period of 2009 to 2014. Research questions that guided this work were: Are the enterprises efficient/profitable? What factors influence enterprises’ efficiency/performance? Is there any difference between Ukrainian and Portuguese enterprises’ (...)
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  40. Fostering Sustainable Tourism in Global Economy.Nataliia Stukalo, Nataliya Krasnikova, Oleksandr Krupskyi & Victoriia Redko - 2018 - Revista ESPACIOS 42 (39):27.
    The study of the essence of the sustainable tourism, transformation of the modern functions of global tourism, rethinking of its basic principles made it possible to form the conceptual framework of the sustainable tourism. The conditions for promotion of the sustainable tourism to the world market and the factors of impact on its development in the global economy have been determined. The technique for calculation of the tourism sustainability index, taking into account the anthropogenic factor, was improved.
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  41. Diagnostic the innovation potential of Latvia.Maksym Bezpartochnyi, Olesia Bezpartochna, M. Živitere & V. Riashchenko - 2017 - In Mechanisms of interaction between competitiveness and innovation in modern international economic relations. pp. 62 - 70.
    Relative strengths of the innovation system are in Innovation-friendly environment, human resources, and employment impacts. Relative weaknesses are in innovators, attractive research systems, and linkages. Notable structural differences are a larger share of employment in Agriculture & Mining, a smaller share of employment in High and Medium high-tech manufacturing, a larger share of micro enterprises and SMEs in turnover, a smaller share of large enterprises in turnover, a larger share of foreign controlled enterprises, lower GDP per capita, a higher growth (...)
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  42. TRANSPORT SECURITY AS A FACTOR OF TRANSPORT AND COMMUNICATION SYSTEM OF UKRAINE SELF-SUSTAINING DEVELOPMENT.Igor Britchenko & Tetiana Cherniavska - 2017 - Науковий Вісник Полісся 1 (9):16-24.
    In the present article, attention is focused on the existing potential to ensure national self-sufficiency, the main challenges to its achievement and future prospects. According to the authors, transportation and communication system of the country can become the dominant model for self-sufficient development, due to its geostrategic location which allows it to be an advantageous bridge for goods, and passengers transit transportation between the states of Europe, Asia and the Middle East. To date, the transport and communication system is hardly (...)
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  43. ОБҐРУНТУВАННЯ СТРАТЕГІЇ САМОДОСТАТНЬОГО РОЗВИТКУ ТРАНСПОРТНО-КОМУНІКАТИВНОЇ СИСТЕМИ УКРАЇНИ.Igor Britchenko, Брітченко Ігор Геннадійович & Чернявська Тетяна Анатоліївна - 2017 - Науковий Журнал «Молодий Вчений» 4 (44.4):12-16.
    Стаття присвячена дослідженню питань формування нової стратегії самодостатнього розвитку транспортно- комунікативної системи України. Проаналізовано стратегічний документ «Транспортна стратегія України на період до 2020 р.» та виявлено низку недоліків. Було виокремлено недоліки стратегічного та методич- ного характеру. Окрему увагу автором приділено недосконалості системи стратегічних документів, які регулюють розвиток ТКС, відсутності деяких стратегій розвитку галузей ТКС, проблемам фінансування, а також проблемам, пов’язаним з цільовими програмами розвитку. Вказано на проблеми, пов’язані із структурним наповненням зазначеної стратегії. -/- Статья посвящена исследованию вопросов формирования новой стратегии (...)
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  44. Reductionism in Economics: Intentionality and Eschatological Justification in the Microfoundations of Macroeconomics.Kevin D. Hoover - 2015 - Philosophy of Science 82 (4):689-711.
    Macroeconomists overwhelmingly believe that macroeconomics requires microfoundations, typically understood as a strong eliminativist reductionism. Microfoundations aims to recover intentionality. In the face of technical and data constraints macroeconomists typically employ a representative-agent model, in which a single agent solves the microeconomic optimization problem for the whole economy, and take it to be microfoundationally adequate. The characteristic argument for the representative-agent model holds that the possibility of the sequential elaboration of the model to cover any number of individual agents justifies treating (...)
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  45. A Monetary Case for Value-added Negative Tax.Michael Kowalik - 2015 - Real-World Economics Review 2015 (70):80-91.
    We address the most fundamental yet routinely ignored issue in economics today: that of distributive impact of the monetary system on the real economy. By re-examining the logical implications of token re-presentation of value and Irving Fisher’s theory of exchange, we argue that producers of value incur incidental expropriation of wealth associated with the deflationary effect that new value supply has on the purchasing power of money. In order to remedy the alleged inequity we propose a value-added negative tax (VANT) (...)
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  46. Seven Schools of Macroeconomic Thought: The Arne Ryde Memorial Lectures.Edmund S. Phelps - 2015 - Oxford University Press UK.
    This book offers an excellent survey of various macroeconomic topics that feature prominently in the research agenda and have inspired both theoretical and policy debate. The book presents an authoritative and comprehensive summary and original critique of macroeconomic approaches by a scholar whose own contribution to the field is considerable.
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  47. Hayek's Epistemic Theory of Industrial Fluctuations.Scott Scheall - 2015 - History of Economic Ideas (1):101-122.
    F.A. Hayek essentially quit economic theory and gave up the phenomena of industrial fluctuations as an explicit object of theoretical investigation following the publication of his last work in technical economics, 1941’s The Pure Theory of Capital. Nonetheless, several of Hayek’s more methodologically-oriented writings bear important implications for economic phenomena, especially those of industrial fluctuations. Decisions (usually, for Hayek, of a political nature) taken on the basis of a “pretence” of knowledge impede the operation of the price system’s belief-coordinating function (...)
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  48. Why macroeconomics does not supervene on microeconomics.Brian Epstein - 2014 - Journal of Economic Methodology 21 (1):3-18.
    In recent years, the project of providing microeconomic foundations for macroeconomics has taken on new urgency. Some philosophers and economists have challenged the project, both for the way economists actually approach microfoundations and for more general anti-reductionist reasons. Reductionists and anti-reductionists alike, however, have taken it to be trivial that the macroeconomic facts are exhaustively determined by microeconomic ones. In this paper, I challenge this supposed triviality. I argue that macroeconomic properties do not even globally supervene on microeconomic ones. This (...)
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  49. The monetary system: a lurking apocalypse.Florian Mittl - 2012 - Disputatio Philosophica 14 (1):113 - 124.
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  50. 18 Methodological issues in Keynesian macroeconomics.Roger E. Backhouse & Bradley W. Bateman - 2011 - In J. B. Davis & D. W. Hands (eds.), Elgar Companion to Recent Economic Methodology. Edward Elgar Publishers. pp. 437.
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