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  1. Entrepreneurship: Alertness, Judgment and Conjecture.Danny Frederick - manuscript
    I criticise, from a critical rationalist perspective, Israel Kirzner's notion of entrepreneurial alertness and Matthew McCaffrey's endorsement of Joseph Salerno's rival account of entrepreneurial judgment.
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  2. Carbon Fee Fail-Safe and Safeguard.P. Olcott - manuscript
    The fail-safe makes sure the fee is high enough to meet carbon emission reduction targets. The safeguard keeps the fee from getting any higher than needed. -/- One of the ways that we could account for the unpredictability of the price elasticity of demand for carbon would be to provide a fail-safe mechanism to ensure that we definitely stay on the carbon reduction schedule. If we keep Energy Innovation Act (HR 763) essentially as it is and scale up the annual (...)
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  3. Social Preference Under Twofold Uncertainty.Philippe Mongin & Marcus Pivato - forthcoming - Economic Theory.
    We investigate the conflict between the ex ante and ex post criteria of social welfare in a new framework of individual and social decisions, which distinguishes between two sources of uncertainty, here interpreted as an objective and a subjective source respectively. This framework makes it possible to endow the individuals and society not only with ex ante and ex post preferences, as is usually done, but also with interim preferences of two kinds, and correspondingly, to introduce interim forms of the (...)
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  4. Forecasting the State of Agricultural Enterprises Based on the Results of Economic Diagnostics.Olesia Bezpartochna - 2021 - VUZF REVIEW 6 (1):3-11.
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  5. Equal Pay for All: An Idea Whose Time Has Not, and Will Not, Come.Thomas Mulligan - 2021 - In Debating Equal Pay for All: Economy, Practicability and Ethics. Cham, Switzerland: pp. 21-35.
    The proposal on offer is a radical form of egalitarianism. Under it, each citizen receives the same income, regardless of profession or indeed whether he or she works or not. This proposal is bad for two reasons. First, it is inefficient. It would eliminate nearly all incentive to work, thereby shrinking national income and leaving all citizens poorly off (albeit equally poorly off). I illustrate this inefficiency via an indifference curve analysis. Second, the proposal would be regarded as unjust by (...)
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  6. INTEGRATED REPORTING IN UKRAINE: HISTORICAL ASPECTS AND IMPLEMENTATION PROSPECTS.Krutova Angelika, Nesterenko Oksana & Borysova Alina - 2020 - VUZF Publishing House “St. Grigorii Bogoslov”.
    The monograph is devoted to the scientific substantiation of theoretical and methodological postulates of the integrated reporting formation and development of practical recommendations for definition and disclosure of the integrated reporting items. Preconditions of the integrated reporting genesis are defined, which include institutional theory development and institutional investors emergence, whose activities are based on the following principles: socially responsible investment; movement of Ukraine to the European Union; increasing the requirements for the disclosure of accounts by stock exchanges; international cooperation in (...)
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  7. Varieties of Capitalism and Welfare States.Narmin Baghirzade - 2020 - SEA-Practical Application of Science 8 (23):163-168.
  8. 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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  9. Integrated Reporting in Ukraine: Historical Aspects and Implementation Prospects.Maksym Bezpartochnyi, A. Krutova, О Nesterenko & A. Borysova - 2020 - VUZF Publishing House “St. Grigorii Bogoslov”.
    The monograph is devoted to the scientific substantiation of theoretical and methodological postulates of the integrated reporting formation and development of practical recommendations for definition and disclosure of the integrated reporting items. Preconditions of the integrated reporting genesis are defined, which include institutional theory development and institutional investors emergence, whose activities are based on the following principles: socially responsible investment; movement of Ukraine to the European Union; increasing the requirements for the disclosure of accounts by stock exchanges; international cooperation in (...)
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  10. Case Analysis: Enron; Ethics, Social Responsibility, and Ethical Accounting as Inferior Goods?Rashid Muhammad Mustafa - 2020 - Journal of Economics Library 7 (2):98-105.
    In 2001 soon after the Asian Crises of 1997-1998, the DotcomBubble, 9/11, the Enron crises triggered a fraud crisis in Wall Street that impacted the market to the core. Since then scandals such as the Lehman Brothers and WorldCom in 2007-2008 and the Great Recession have surpassed it, Enron still remains one of the most important cases of fraudulent accounting. In 2000’s even though the financial industry had become highly regulated, deregulation of the energy industry allowed companies to place bets (...)
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  11. सम ू ह चयन और Phenomenology के म ृ त हाथ -हरबर्ट Gintis 357p (2017) द्वारा व्यक्ततत्व और उलझन की समीक्षा The Dead Hands of Group Selection and Phenomenology --A Review of Individuality and Entanglement by Herbert Gintis.Michael Richard Starks - 2020 - In पृथ्वी पर नर्क में आपका स्वागत है: शिशुओं, जलवायु परिवर्तन, बिटकॉइन, कार्टेल, चीन, लोकतंत्र, विविधता, समानता, हैकर्स, मानव अधिकार, इस्लाम, उदारवाद, समृद्धि, वेब, अराजकता, भुखमरी, बीमारी, हिंसा, कृत्रिम बुद्धिमत्ता, युद्ध. Las Vegas, NV, USA: Reality Press. pp. 293-306.
    चूंकि Gintis एक वरिष्ठ अर्थशास्त्री है और मैं ब्याज के साथ अपने पिछले पुस्तकों में से कुछ पढ़ा है, मैं व्यवहार में कुछ और अंतर्दृष्टि की उम्मीद कर रहा था. अफसोस की बात है, वह समूह चयन और phenomenology के मृत हाथ व्यवहार के अपने सिद्धांतों के centerpieces में बनाता है, और यह काफी हद तक काम अमान्य. इससे भी बदतर, क्योंकि वह इस तरह के बुरे निर्णय यहाँ से पता चलता है, यह सवाल अपने पिछले काम में कहता है. (...)
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  12. グループ選択と現象学の死んだ手-「個性と絡み合い」のレビュー (Individuality and Entanglement) by Herbert Gintis (2017) (レビューは2019年に改訂されました).Michael Richard Starks - 2020 - In 地獄へようこそ 赤ちゃん、気候変動、ビットコイン、カルテル、中国、民主主義、多様性、ディスジェニックス、平等、ハッカー、人権、イスラム教、自由主義、繁栄、ウェブ、カオス、飢餓、病気、暴力、人工知能、戦争. Las Vegas, NV, USA: Reality Press. pp. 241-252.
    Gintisはシニアエコノミストで、私は興味を持って彼の以前の本のいくつかを読んだので、私は行動にいくつかのより多くの洞察を期待していました。悲しいことに、彼はグループ選択と現象学の死んだ手を行動理論 の中心にし、これは主に仕事を無効にします。さらに悪いことに、彼はここでそのような悪い判断を示しているので、それは彼のすべての前の仕事に疑問を呼びかけます。ハーバード大学で彼の友人によるグループ選択を復 活させようとする試みは、 ノワクとウィルソンは、数年前に生物学の主要なスキャンダルの一つであり、私は私の記事「利他主義、イエスと世界の終わり--テンプルトン財団がハーバード大学教授職を買収し、進化、合理性と文明を攻撃した方法- E.O.ウィルソンのレビュー」(2012年)とノワクとスーパーフィールド(2012)で悲しい話を述べました。ノワクとは異なり、ギンティスは宗教的狂信によって動機づけられているようには見えないが、基本的 な人間の生物学と行動科学者、他の学者、および一般市民の空白のスレート主義の(ほぼ普遍的な)理解の欠如によって容易になった人間性の厳しい現実に代わるものを生み出したいという強い願望によって。 ギンティスは、行動を記述するための一貫した枠組みを持っていないために、エコノミスト、社会学者、その他の行動科学者を正しく攻撃します。もちろん、行動を理解するために必要なフレームワークは進化的なものです 。残念ながら、彼は自分自身を提供することができず(彼の多くの批評家と私は同意します)、彼が何十年もの仕事で生み出した経済的、心理的理論にグループ選択の腐った死体を移植しようとする試みは、単に彼のプロジ ェクト全体を無効にします。 Gintisはウィルソンやノワクのような遺伝学を理解し、説明するために勇敢な努力をしていますが、彼は専門家から遠く離れており、彼らのように、数学は生物学的不可能に彼を盲目にし、もちろんこれは科学の標準 です。ヴィトゲンシュタインが文化と価値の最初のページで有名に指摘したように、「形而上学的表現の誤用が数学ほど多くの罪を引き起こし続けている宗教的宗派はありません。 自らの頻度を低下させる行動を引き起こす遺伝子は持続できないことは常に明らかでしたが、これはグループ選択の概念の中核です。さらに、グループの選択は、ドーキンスが指摘したように、自然選択による進化のもう一 つの名前である包括的なフィットネス(親族選択)に減少することがよく知られており、しばしば実証されています。ウィルソンのように、Gintisは約50年間この分野で働いてきましたが、スキャンダルが起こった 後、私の記事に詳述されているように、最も関連性の高い専門的な仕事を見つけ、読み、理解するのに3日しかかかりませんでした。ギンティスとウィルソンが半世紀近くでこれを達成できなかったことに気づくのは気が遠 くなる。 アメリカと世界を破壊している人間性を理解する普遍的な失敗の特別なケースとして、アカデミアで当たり前であるグループ選択と表現論の誤りについて議論します。 現代の2つのシス・エムスの見解から人間の行動のための包括的な最新の枠組みを望む人は、私の著書「ルートヴィヒ・ヴィトゲンシュタインとジョン・サールの第2回(2019)における哲学、心理学、ミンと言語の論 理的構造」を参照することができます。私の著作の多くにご興味がある人は、「話す猿--運命の惑星における哲学、心理学、科学、宗教、政治--記事とレビュー2006-2019第3回(2019)と自殺ユートピア 妄想21世紀4日(2019))を参照してください。 .
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  13. 群体选择和现象学的死手 - 赫伯特·金提斯357p (2017)对个性和纠缠的回顾(2019年修订版) (The Dead Hands of Group Selection and Phenomenology -- A Review of (Individuality and Entanglement) by Herbert Gintis 357p (2017)).Michael Richard Starks - 2020 - In 欢迎来到地球上的地狱: 婴儿,气候变化,比特币,卡特尔,中国,民主,多样性,养成基因,平等,黑客,人权,伊斯兰教,自由主义,繁荣,网络,混乱。饥饿,疾病,暴力,人工智能,战争. Las Vegas, NV USA: Reality Press. pp. 236-248.
    由于金蒂斯是一位资深经济学家,而且我饶有兴趣地阅读了他的一些以前的书,所以我期待对行为有更多的见解。可悲的是,他把群体选择和现象学的死手变成了他行为理论的核心,这在很大程度上使工作无效。更糟糕的是,由 于他在这里表现出了如此糟糕的判断,这就使他对以前的所有工作都提出了质疑。几年前,他在哈佛、诺瓦克和威尔逊的朋友试图重新选择团体,这是过去十年中生物学领域的重大丑闻之一,我在《利他主义、耶稣和世界末日》 一文中讲述了这个悲惨的故事——邓普顿·福 foundation 买下了哈佛大学教授职位,攻击了进化、理性和文明——对E.O.威尔逊的《地球的社会征服》(2012年)和诺瓦克和高菲尔德"超级合作者"(2012年)的回顾。与诺瓦克不同,金提人似乎并 非出于宗教狂热,而是强烈希望为人性的严峻现实创造一种替代方案,而(几乎普遍)缺乏对人类基本生物学的理解和空白石板主义的使之变得容易。行为科学家、其他学者和一般公众。 Gintis正确地攻击(正如他以前多次)经济学家、社会学家和其他行为科学家没有一个连贯的框架来描述行为。当然,理解行为所需的框架是一个进化的框架。不幸的是,他未能提供一个自己(根据他的许多批评家,我同 意),并试图嫁接腐烂的尸体的群体选择到任何经济和心理理论,他在他的几十年的工作,只是使他的整个项目无效。 虽然金蒂斯勇敢地努力去理解和解释遗传学,比如威尔逊和诺瓦克,但他远非专家,和他们一样,数学只是使他看不到生物学上的不可能性,当然这是科学的常态。正如维特根斯坦在《文化与价值》第一页中著名的指出的那样: "没有宗教派别滥用形而上学的表达方式像在数学中那样造成如此多的辛德。 一直很清楚,导致行为降低其自身频率的基因不能持久,但这是群体选择概念的核心。此外,众所周知,并经常证明,群体选择只是减少到包容性健身(亲属选择),正如道金斯指出,这只是另一个名字进化的自然选择。和威尔 逊一样,金蒂斯在这个舞台上工作了大约50年,但至今还没有掌握,但是丑闻爆发后,我只用了3天时间就找到、阅读和理解了最相关的专业工作,就像我的文章所详述的。想到金蒂斯和威尔逊在近半个世纪里未能实现这一点 ,这令人费解。 我讨论了群体选择和现象学的错误,这是学术界的常态,是几乎普遍不理解正在毁灭美国和世界的人性的特殊情况。 那些希望从现代两个系统的观点来看为人类行为建立一个全面的最新框架的人,可以查阅我的书《路德维希的哲学、心理学、Min d和语言的逻辑结构》维特根斯坦和约翰·西尔的《第二部》(2019年)。那些对我更多的作品感兴趣的人可能会看到《会说话的猴子——一个末日星球上的哲学、心理学、科学、宗教和政治——文章和评论2006-20 19年第3次(2019年)和自杀乌托邦幻想21篇世纪4日 (2019) .
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  14. 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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  15. Risk Attitudes in Axiomatic Decision Theory: A Conceptual Perspective.Jean Baccelli - 2018 - Theory and Decision 84 (1):61-82.
    In this paper, I examine the decision-theoretic status of risk attitudes. I start by providing evidence showing that the risk attitude concepts do not play a major role in the axiomatic analysis of the classic models of decision-making under risk. This can be interpreted as reflecting the neutrality of these models between the possible risk attitudes. My central claim, however, is that such neutrality needs to be qualified and the axiomatic relevance of risk attitudes needs to be re-evaluated accordingly. Specifically, (...)
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  16. Do Bets Reveal Beliefs?Jean Baccelli - 2017 - Synthese 194 (9):3393-3419.
    This paper examines the preference-based approach to the identification of beliefs. It focuses on the main problem to which this approach is exposed, namely that of state-dependent utility. First, the problem is illustrated in full detail. Four types of state-dependent utility issues are distinguished. Second, a comprehensive strategy for identifying beliefs under state-dependent utility is presented and discussed. For the problem to be solved following this strategy, however, preferences need to extend beyond choices. We claim that this a necessary feature (...)
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  17. 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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  18. 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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  19. Umweltmanagement und Rationalität. Der Schatten von VW: Betrieblicher Umweltschutz auf dem Prüfstand.Kay Herrmann - 2017 - WiSt 4 (2017):47-49.
    Economic pressures, mounting environmental, security and health requirements, are all critical factors that shape economic action. With regard to environmental protection, an economic entity acting as homo oeconomicus finds himself in a situation resembling a prisoner’s dilemma. Signposts for a possible resolution of this dilemma include an environmental management system, a system of environmental law based on the principles of environmental ethics, and a new conception of human nature.
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  20. The Morals of Moral Hazard: A Contracts Approach.McCaffrey Matthew - 2017 - Business Ethics: A European Review 26 (1):47-62.
    Although moral hazard is a well-known economic concept, there is a long-standing controversy over its moral implications. The language economists use to describe moral hazard is often value-laden, and implies moral judgments about the persons or actions of economic agents. This in turn leads some to question whether it is actually a scientific concept, or simply a convenient tool for criticizing certain public policies. At present, there is no consensus about the moral meaning of moral hazard, or about whether the (...)
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  21. Choice-Based Cardinal Utility. A Tribute to Patrick Suppes.Jean Baccelli & Philippe Mongin - 2016 - Journal of Economic Methodology 23 (3):268-288.
    We reexamine some of the classic problems connected with the use of cardinal utility functions in decision theory, and discuss Patrick Suppes's contributions to this field in light of a reinterpretation we propose for these problems. We analytically decompose the doctrine of ordinalism, which only accepts ordinal utility functions, and dis- tinguish between several doctrines of cardinalism, depending on what components of ordinalism they specifically reject. We identify Suppes's doctrine with the major deviation from ordinalism that conceives of utility functions (...)
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  22. Reason-Based Choice and Context-Dependence: An Explanatory Framework.Franz Dietrich & Christian List - 2016 - Economics and Philosophy 32 (2):175-229.
    We introduce a “reason-based” framework for explaining and predicting individual choices. It captures the idea that a decision-maker focuses on some but not all properties of the options and chooses an option whose motivationally salient properties he/she most prefers. Reason-based explanations allow us to distinguish between two kinds of context-dependent choice: the motivationally salient properties may (i) vary across choice contexts, and (ii) include not only “intrinsic” properties of the options, but also “context-related” properties. Our framework can accommodate boundedly rational (...)
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  23. Liberal Individualism and Reforms.Ihor Karivets' - 2016 - In Mykola Bunyk Antonina Kolodii (ed.), Liberalism,Postcommunism and Reforms. Ludwig von Mises and Contemporary Societies Studies. A Collection of Research Papers. pp. 160-167.
    In this article the author considers the essential connection between liberal individualism, reforms and initiativeness. The author shows that liberal individualism has nothing in common with robinsonade, egoism and narrow view upon the things. On the contrary, it sets free the initiativeness of people and makes them active in social, economic and civil spheres. Consequently, if Ukrainians want the decentralization in all the spheres of life, then it is necessarily to realize the ideas of classical liberalism: liberty, equality and justice. (...)
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  24. 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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  25. Mark Blaug on the Normativity of Welfare Economics.D. Wade Hands - 2013 - Erasmus Journal for Philosophy and Economics 6 (3):1-25.
    Abstract: This paper examines Mark Blaug's position on the normative character of Paretian welfare economics: in general, and specifically with respect to his debate with Pieter Hennipman over this question during the 1990s. The paper also clarifies some of the confusions that emerged within the context of this debate, and closes by providing some additional arguments supporting Blaug's position that he himself did not provide.
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  26. Playing with Networks: How Economists Explain. [REVIEW]Caterina Marchionni - 2013 - European Journal for Philosophy of Science 3 (3):331-352.
    Network theory is applied across the sciences to study phenomena as diverse as the spread of SARS, the topology of the cell, the structure of the Internet and job search behaviour. Underlying the study of networks is graph theory. Whether the graph represents a network of neurons, cells, friends or firms, it displays features that exclusively depend on the mathematical properties of the graph itself. However, the way in which graph theory is implemented to the modelling of networks differs significantly (...)
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  27. Unacceptable Risks and the Continuity Axiom.Karsten Klint Jensen - 2012 - Economics and Philosophy 28 (1):31-42.
    Consider a sequence of outcomes of descending value, A > B > C >... > Z. According to Larry Temkin, there are reasons to deny the continuity axiom in certain ‘extreme’ cases, i.e. cases of triplets of outcomes A, B and Z, where A and B differ little in value, but B and Z differ greatly. But, Temkin argues, if we assume continuity for ‘easy’ cases, i.e. cases where the loss is small, we can derive continuity for the ‘extreme’ case (...)
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  28. Une conception néo-poppérienne de l’explication en sciences sociales et ses difficultés internes.Philippe Mongin - 2012 - Dialogue 51 (3):503-515.
    This article discusses the rationality principle, especially in Popper's version, on the occasion of a commentary of Maurice Lagueux's book, Rationality and Explanation in Economics (2010).
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  29. An Inquiry Into the Explanatory Virtues of Transaction Cost Economics.Lukasz Hardt - 2011 - Journal of Philosophical Economics 5 (1):120-147.
    The aim of this paper is twofold. First, we offer a methodological reflection on how the explanatory virtues of economic theories can be assessed in a systematic way. Second, we use that theoretical apparatus to study the explanatory virtues of Transaction Cost Economics (TCE, henceforth). Precisely, we are primarily interested in assessing the progress within TCE with respect to its explanatory power rather than directly comparing TCE’s explanatory virtues to alternative theories. The paper offers also some general insights into the (...)
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  30. Rational Decisions , Ken Binmore. Princeton University Press, 2009, X + 200 Pages. [REVIEW]José Luis Bermúdez - 2010 - Economics and Philosophy 26 (1):95-101.
  31. Introduction to Judgment Aggregation.Christian List & Ben Polak - 2010 - Journal of Economic Theory 145 (2):441-466.
    This introduces the symposium on judgment aggregation. The theory of judgment aggregation asks how several individuals' judgments on some logically connected propositions can be aggregated into consistent collective judgments. The aim of this introduction is to show how ideas from the familiar theory of preference aggregation can be extended to this more general case. We first translate a proof of Arrow's impossibility theorem into the new setting, so as to motivate some of the central concepts and conditions leading to analogous (...)
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  32. Neoclassical Economics.Michael Moehler & Geoffrey Brennan - 2010 - In Mark Bevir (ed.), Encyclopedia of Political Theory. SAGE Publications.
    The term neoclassical economics delineates a distinct and relatively homogenous school of thought in economic theory that became prominent in the late nineteenth century and that now dominates mainstream economics. The term was originally introduced by Thorstein Veblen to describe developments in the discipline (of which Veblen did not entirely approve) associated with the work of such figures as William Jevons, Carl Menger, and Leon Walras. The ambition of these figures, the first neoclassicists, was to formalize and mathematize the subject (...)
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  33. Reciprocity, Altruism and the Civil Society: In Praise of Heterogeneity , Luigino Bruni. Routledge, 2008, XIII + 158 Pages. [REVIEW]Alejandro Rosas - 2010 - Economics and Philosophy 26 (1):108-114.
    Economic theory has tended to reduce all social bonds and relations to forms of contract, whereas social theory has seen contracts as opposed to, and destructive of, genuine social bonds. Bruni sees these contrapositions as ideological (‘left’ against ‘right’, p. xi). His main goal is to overcome them; to show that three forms of reciprocity, covering the ideological spectrum from left to right, are complementary and simultaneously required in a healthy society. These three forms are, in his words: ‘(1) the (...)
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  34. Ontological Individualism Reconsidered.Brian Epstein - 2009 - Synthese 166 (1):187-213.
    The thesis of methodological individualism in social science is commonly divided into two different claims—explanatory individualism and ontological individualism. Ontological individualism is the thesis that facts about individuals exhaustively determine social facts. Initially taken to be a claim about the identity of groups with sets of individuals or their properties, ontological individualism has more recently been understood as a global supervenience claim. While explanatory individualism has remained controversial, ontological individualism thus understood is almost universally accepted. In this paper I argue (...)
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  35. Two Out of Three Ain't Bad: A Comment on “the Ambiguity Aversion Literature: A Critical Assessment”: Marciano Siniscalchi.Marciano Siniscalchi - 2009 - Economics and Philosophy 25 (3):335-356.
    Al-Najjar and Weinstein propose to scrutinize the implications of recent theories of ambiguity in dynamic settings. They conclude that such implications are so unreasonable as to cast doubts on the legitimacy of the theories under consideration. The present paper argues that the seemingly unreasonable implications highlighted by Al-Najjar and Weinstein can be understood as the result of basic trade-offs that arise naturally in the presence of ambiguity. In particular, Al-Najjar and Weinstein are uncomfortable with the possibility that an ambiguity-averse individual (...)
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  36. Is Individual Rationality Essential to Market Price Formation? The Contribution of Zero‐Intelligence Agent Trading Models.Paola Tubaro - 2009 - Journal of Economic Methodology 16 (1):1-19.
    The paper investigates the minimum level of individual rationality that is needed for market prices to converge toward their equilibrium level. It does so by examining the theoretical and methodological foundations of the ?zero?intelligence? (ZI) agent trading approach, with which Gode and Sunder (1993a) claimed that weak individual rationality requirements suffice to obtain equilibrium prices. The paper shows that ZI agents are endowed with a higher degree of rationality than previously believed. Though not maximizing utility, they exhibit utility?improving behavior, and (...)
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  37. Pragmatic Methodology: A Sketch, with Applications to Transaction Cost Economics.Oliver E. Williamson - 2009 - Journal of Economic Methodology 16 (2):145-157.
    I address the topic of pragmatic methodology as a practitioner in applied microeconomics who has been working in the still nascent field of the ?economics of organization?. My purpose is both to make explicit the methodology out of which transaction cost economics works and to suggest that other theories of economic organization do the same. Conceivably convergence will develop in the process, maybe even a consensus. At a minimum, it will be useful to have each implicit methodology made explicit. I (...)
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  38. When Local Models Fail.Brian Epstein - 2008 - Philosophy of the Social Sciences 38 (1):3-24.
    Models treating the simple properties of social groups have a common shortcoming. Typically, they focus on the local properties of group members and the features of the world with which group members interact. I consider economic models of bureaucratic corruption, to show that (a) simple properties of groups are often constituted by the properties of the wider population, and (b) even sophisticated models are commonly inadequate to account for many simple social properties. Adequate models and social policies must treat certain (...)
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  39. Equilibrium Without Rationality: Microeconomics: Behavior, Institutions and Evolution Samuel Bowles Princeton: Princeton University Press, 2003.Elias L. Khalil - 2008 - Biological Theory 3 (1):90-92.
  40. On Don Ross's Defense of Neoclassical Economics.C. Mantzavinos - 2008 - Journal of Economic Methodology 15 (3):305-307.
  41. How to Have Your Cake and Eat It Too: Resolving the Efficiency- Equity Trade-Off in Minimum Wage Legislation.Nikil Mukerji & Christoph Schumacher - 2008 - Journal of Interdisciplinary Economics 19:315-340.
    Minimum wages are usually assumed to be inefficient as they prevent the full exploitation of mutual gains from trade. Yet advocates of wage regulation policies have repeatedly claimed that this loss in market efficiency can be justified by the pursuit of ethical goals. Policy makers, it is argued, should not focus on efficiency alone. Rather, they should try to find an adequate balance between efficiency and equity targets. This idea is based on a two-worlds-paradigm that sees ethics and economics as (...)
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  42. Models, Conjectures and Exploration: An Analysis of Schelling's Checkerboard Model of Residential Segregation.N. Emrah Aydinonat - 2007 - Journal of Economic Methodology 14 (4):429-454.
    This paper analyses and explicates the explanatory characteristics of Schelling's checkerboard model of segregation. It argues that the explanation of emergence of segregation which is based on the checkerboard model is a partial potential (theoretical) explanation. Yet it is also argued that despite its partiality, the checkerboard model is valuable because it improves our chances to provide better explanations of particular exemplifications of residential segregation. The paper establishes this argument by way of examining the several ways in which the checkerboard (...)
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  43. Disproving the Coase Theorem?Andrew Halpin - 2007 - Economics and Philosophy 23 (3):321-341.
    This essay explores the detailed argument of the Coase Theorem, as found in Ronald Coase’s “The Problem of Social Cost” and subsequently defended by Coase in The Firm, the Market, and the Law. Fascination with the Coase Theorem arises over its apparently unassailable counterintuitive conclusion that the imposition of legal liability has no effect on which of two competing uses of land prevails, and also over the general difficulty in tying down an unqualified statement of the theorem. Instead of entering (...)
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  44. Microeconomics: Behavior, Institutions, and Evolution, Samuel Bowles, Princeton University Press and Russell Sage Foundation, 2004, 584 Pages. [REVIEW]Geoffrey M. Hodgson - 2006 - Economics and Philosophy 22 (1):166-171.
  45. A Positivist Tradition in Early Demand Theory.David Teira Serrano - 2006 - Journal of Economic Methodology 13 (1):25-47.
    In this paper I explore a positivist methodological tradition in early demand theory, as exemplified by several common traits that I draw from the works of V. Pareto, H. L. Moore and H. Schultz. Assuming a current approach to explanation in the social sciences, I will discuss the building of their various explanans, showing that the three authors agreed on two distinctive methodological features: the exclusion of any causal commitment to psychology when explaining individual choice and the mandate to test (...)
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  46. Classical General Equilibrium Theory.Lionel W. McKenzie - 2005 - MIT Press.
    Although general equilibrium theory originated in the late nineteenth century, modern elaboration and development of the theory began only in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the twentieth century, referred to by Lionel McKenzie as the classical general equilibrium theory. McKenzie offers detailed and rigorous treatment of the classical model, giving step-by-step proofs of the basic theorems. In many cases he elaborates on the individual steps to give (...)
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  47. History and Equilibrium: A Partial Defense of Equilibrium Economics.Roger E. Backhouse - 2004 - Journal of Economic Methodology 11 (3):291-305.
    This paper responds to the argument, made by many heterodox economists, that equilibrium theory should be abandoned in favor of theories that pay more attention to history. It considers some of the main ways in which the concept of equilibrium has been understood in economics, and the reasons why there has been confusion in discussions of equilibrium. The conclusion is drawn that the focus should be less on equilibrium as a concept than on equilibrium analysis as a method, and limited (...)
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  48. Basic Income Versus Wage Subsidies: Competing Instruments in an Optimal Tax Model with a Maximin Objective.Robert van der Veen - 2004 - Economics and Philosophy 20 (1):147-183.
    This article challenges the general thesis that an unconditional basic income, set at the highest sustainable level, is required for maximizing the income-leisure opportunities of the least advantaged, when income varies according to the responsible factor of labor input. In a linear optimal taxation model (of a type suggested by Vandenbroucke 2001) in which opportunities depend only on individual productivity, adding the instrument of a uniform wage subsidy generates an array of undominated policies besides the basic income maximizing policy, including (...)
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  49. The Ethics and Economics of the Minimum Wage.T. M. Wilkinson - 2004 - Economics and Philosophy 20 (2):351-374.
    This paper develops a normative evaluation of the minimum wage in the light of recent evidence and theory about its effects. It argues that the minimum wage should be evaluated using a consequentialist criterion that gives priority to the jobs and incomes of the worst off. This criterion would be accepted by many different types of consequentialism, especially given the two major views about what the minimum wage does. One is that the minimum wage harms the jobs and incomes of (...)
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  50. Perfect Informationà laWalras Versus Perfect Informationà laMarshall.Michel de Vroey - 2003 - Journal of Economic Methodology 10 (4):465-492.
    In this paper I ponder upon the meaning of the perfect information assumption, and argue that a distinction should be drawn between the Walrasian and Marshallian conceptions of perfect information. I show that the Marshallian conception is more demanding than the Walrasian, due to the absence of the auctioneer figure. Next, I examine a few modern imperfect information models (Friedman's expectations?augmented Phillips Curve model, Lucas' neutrality of money model, Shapiro and Stiglitz' efficiency wage model) in order to assess whether the (...)
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