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Introduction Economics is by necessity a multi paradigmatic science Several theoretical structures exist side by side and each theory can never be more than a partial theory Rothschild 1999 Likening scientific work to the self coordinating invisible hand of the market Michael Polanyi cautioned strongly against centralized attempts to steer …
The background for the present elaboration is twofold firstly the ongoing debate about whether the Marxian theory of value has been damaged or even destroyed by the alleged impossibility of solving the transformation problem and secondly the fact that almost all of the later economic manuscripts of Marx are now …
This part is devoted to simulation experiments based on the simulation model developed in part I from the value theoretic reconstruction of the main parts of Marx s critique of Political Economy After introducing the main parameters and the range of their variation Section 1 a singular run as well …
Complexity economics and institutional economics are complementary approaches to studying the economy. They can pool their methods and foundational theories to explain the mechanisms that underlie economies.
The goal of the class is to acquire familiarity with recently-published research in alternative macroeconomics with a focus on the distribution of income and wealth, cyclical growth models, and technical change.
The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies.
Through contributions from leading authors, Issues in Heterodox Economics provides a critical analysis of the methodology of mainstream economics.
The Elgar Companion to Neo-Schumpeterian Economics surveys the achievements of the most visible scholars in this area. The contributions to the Companion give both a brief survey on the various fields of neo-Schumpeterian economics as well as insights into recent research at the scientific frontiers.
Contributors attempt to reconcile two major strands of thinking in economic methodology: the rhetoric of economics as advocated by Deirdre McCloskey, and the sociological approach.
Work defines who we are It determines our status and dictates how where and with whom we spend most of our time It mediates our self worth and molds our values But are we hard wired to work as hard as we do Did our Stone Age ancestors also live …
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