共查询到20条相似文献,搜索用时 31 毫秒
1.
Pierre Garrouste 《The Review of Austrian Economics》2008,21(4):251-269
This paper presents an analysis of the way the Austrian theory of institutions evolved from Menger’s main works. It also tries
to advance the idea that the economics of institutions, when it deals with the emergence and evolution of rules and norms
from interacting individuals, is inspired by Menger’s work and more generally by the Austrian analysis of the emergence and
evolution of institutions. Recent works in the economics of institutions build on this earlier Austrian work to make it more
formalized and testable.
相似文献
Pierre GarrousteEmail: |
2.
Ulrich Witt 《Journal of Evolutionary Economics》2008,18(5):547-575
Ever since an “evolutionary” perspective on the economy has been suggested, there have been differing, and partly incommensurable,
views on what specifically this means. By working out where the differences lie and what motivates them, this paper identifies
four major approaches to evolutionary economics. The differences between them can be traced back to opposite positions regarding
the basic assumptions about reality and the proper conceptualization of evolution. The same differences can also be found
in evolutionary game theory. Achievements of the major approaches to evolutionary economics and their prospects for future
research are assessed by means of a peer survey.
相似文献
Ulrich WittEmail: |
3.
Robert D. Tollison 《The Review of Austrian Economics》2009,22(2):127-130
Besley’s treatment of principled agents is a major contribution to public choice and political economy. By focusing on politics
as an agency problem, he has shown the way to a new generation of research on the interface of politics and economics.
相似文献
Robert D. TollisonEmail: |
4.
Alain Marciano 《Constitutional Political Economy》2009,20(1):42-56
This article discusses the methodological foundations of Buchanan’s constitutional political economy. We argue that Buchanan
is a constitutional economist because he is an economist or a political economist. In other words, Buchanan is a constitutional economist—he insists on the necessity
of focusing on constitutions and to analyze the “rules of the social game”—because he defines economics as a science of exchange.
Buchanan’s definition of economics is not only specific, it is also opposed to the definition of economics that other economists
retain and, above all, opposed to the definition of economics that many public choice theorists use. The latter have, in effect,
adopted the Robbins 1932 definition of economics as a science of choice that Buchanan criticizes and rejects. Buchanan’s constitutional
economics can be a branch of public choice only under certain conditions.
相似文献
Alain MarcianoEmail: |
5.
In the present article the time series of the decomposition of Greek real GDP are investigated for the presence of a unit
root, allowing for a maximum of two breaks which take place at an unknown point in time. This methodology is preferred to
the conventional Dickey and Fuller tests because the covered time horizon, namely from 1858 to 1938, is characterized by a
number of very important events, the nature of which is either economic or historical.
相似文献
Erotokritos VarelasEmail: |
6.
Giandomenica Becchio 《The Review of Austrian Economics》2008,21(1):61-79
This paper is focused on the relation between economics and mathematics in the Wiener Kreis and in the Mathematische Kolloquium. In the 1930s, the economic theory became a part of Otto Neurath’s project of Unified Science, but in Menger’s Kolloquium, the reformulation of the model of general economic equilibrium (GEE) distanced it greatly from the Kreis’s neopositivist point of view. The role of Karl Menger is fundamental to understand the methodological and epistemological
cleavage that arose in Mathematische Kolloquium. His role was very important also for understand the relation between the economic theory of the Austrian school and mathematical
economics.
相似文献
Giandomenica BecchioEmail: |
7.
Paul Knepper 《The Review of Austrian Economics》2007,20(1):25-41
Karl R. Popper proposed that the method of explanation in economics, or situational logic, should become the general model
for analyses across the social sciences. This article makes good Popper's proposal by extending situational logic to a social
problem outside the traditional scope of economics: crime. Specifically, the discussion reviews models developed by economist
Gary S. Becker and criminologist Ronald V. Clarke. Becker's ‘economic approach’ to crime incorporates essential features of
situational logic. Clarke's ‘situational crime prevention’ offers an even better demonstration; it explicitly incorporates
the ideas of piecemeal social engineering and unintended social repercussions. Popper took situational logic from Menger and
the Austrians, making this emerging area of criminology an extension of Austrian economics.
相似文献
Paul KnepperEmail: |
8.
The Austrian approach to business cycles has been seldom examined in econometric terms. This paper first reviews the essentials
of that approach and the recent application of the Austrian business cycle theory in the economics literature. Quarterly data
for Germany, USA, England and France, 1980:1 through 2006:1, are used to explore business cycle facts and relations between
terms structure of interest rates, relative prices, composition of aggregate expenditure and real GDP. Results are consistent
with the hypothesis of the Austrian business cycle theory that monetary policy shocks explain cycles. The changes in term
structure of interest rates and composition of aggregate expenditure are large enough to explain changes in aggregate economic
activity.
相似文献
Christelle MougeotEmail: |
9.
The authors welcome criticisms emanating from neoclassical critics of Austrian economics. We congratulate Laidler for transcending
the usual modes of macroeconomic analysis to take on praxeological considerations. This paper should be interpreted as a welcome
for his efforts in the hope that they will be widely emulated within the profession.
相似文献
William Barnett IIEmail: |
10.
This study examines the impact of a stamp tax rate increase on market behavior, using data from two stock exchanges in China. We find that when the tax rate increases from 0.3 to 0.5% (which implies that the transaction cost increases by about 1/3) trading volume decreases by 1/3. This implies an elasticity of turnover with respect to a stamp tax of −50% and an elasticity of turnover with respect to transaction cost of −100%. The markets’ volatility significantly increases after the increase in the tax rate. Furthermore, the change in the volatility structure indicates that the markets become less efficient in the sense that shocks are less quickly assimilated in the markets.
相似文献
Badi H. Baltagi (Corresponding author)Email: |
Dong LiEmail: |
Qi LiEmail: |
11.
Gabriele Orcalli 《Constitutional Political Economy》2007,18(1):1-20
The EU’s immigration policy is evaluated from the standpoint of constitutional economics. The main conclusion is that European
immigration policy is trapped in a system of constitutional regulations that is too rigid as it is exclusively oriented towards
the protection and securitisation of European borders. As such, it is not capable of allowing the development of a problem-solving capacity based on successive
trials, and this produces negative outcomes for the whole of the EU.
相似文献
Gabriele OrcalliEmail: |
12.
Evolutionary thinking in environmental economics 总被引:3,自引:2,他引:1
Jeroen C. J. M. van den Bergh 《Journal of Evolutionary Economics》2007,17(5):521-549
Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential
applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use
and ecosystem management; growth and environmental resources; economic and evolutionary progress; and individual behavior
and environmental policy. The treatment will address both biological and economic—including institutional, organizational
and technological-evolutionary phenomena. Attention will be drawn to the fact that evolutionary economics shows a surprising
neglect of environmental and natural resource factors.
相似文献
Jeroen C. J. M. van den BerghEmail: |
13.
Saving government failure theory from itself: recasting political economy from an Austrian perspective 总被引:1,自引:0,他引:1
Peter J. Boettke Christopher J. Coyne Peter T. Leeson 《Constitutional Political Economy》2007,18(2):127-143
The economic approach to politics revolutionized the way scholars in economics and political science approached the study
of political decision-making by introducing the possibility of government failure. However, the persistent and consistent
application of neoclassical models of economics also seemed to suggest that once the full costs were accounted for, this failure
was an illusion. This paper counters these arguments, typically associated with George Stigler, Gary Becker and Donald Wittman,
by focusing on the underlying economic theory. We develop an alternative model of political economy grounded in the Austrian
conception of the dynamic market process.
相似文献
Christopher J. CoyneEmail: |
14.
In both theoretical and applied contexts, neoclassical economics typically assumes that residual economic relationships are
mean-zero, finite-variance, normally distributed random variables. However, many have challenged this view, from various perspectives.
The Austrian economists, specifically in the tradition of Mises and Rothbard, reject outright the effort to mathematically
model human choices. This Austrian view is often derided as unscientific. However, some of the most mathematically sophisticated
work in financial economics also rejects the orthodox bell curve. In this paper, we test Benoit Mandelbrot’s “stable Paretian”
hypothesis on ten major macroeconomic data sets and reject the normal distribution in nine of them. We further argue that
the stable Paretian hypothesis (and, more generally, the field of “chaos theory”) is far more compatible with the Austrian
position than one might initially suspect.
相似文献
Robert P. MurphyEmail: |
15.
David B. Skarbek 《The Review of Austrian Economics》2009,22(1):109-112
F.A. Hayek’s broad research program has led some to conclude that his impact on economics has been minimal. This citation
study examines the frequency of Nobel laureates cited by other laureates in the official Prize Lectures to understand how
elite economists influence other elite economists. It finds that Hayek is the second most frequently mentioned laureate in
the Prize Lectures, and he has the second most publication citations of the laureates. Hayek’s influence on the top tier of
economists is substantial.
相似文献
David B. SkarbekEmail: |
16.
Wolfram Elsner 《Forum for Social Economics》2007,36(1):1-16
Simplistic aggregation in idealized “markets” versus structural emergence in complex and path-dependent processes have always
marked a “continental divide” between neoclassical mainstream economics and all kinds of evolutionary and institutional social
economics. This paper deals with institutional, or structural, emergence and argues that the meso level (to be specific) is
the proper aggregate level for social economic analyses of complex systems and processes. Also, neo-Schumpeterian economists
have stressed recently the issue of an “institutional trajectory” taking place on the meso economic level. This paper argues
that the creative ideas of a Schumpeterian entrepreneur are not a sufficient explanation in this case. Using an evolutionary
interpretation of a simple game-theoretic formalism (the Folk Theorem), the paper strives to demonstrate that the meso level,
as the proper level of institutional emergence, must and can be endogenously explained from a process of interactive problem-solving
of interdependent agents, in their struggle for coordination under strong uncertainty. It will be illustrated that a meso-sized
socio-economic group co-evolves, and is constituted, together with the institution that in turn serves as the solution to
the coordination problem. The practical and policy implications of the argument are discussed.
相似文献
Wolfram ElsnerEmail: |
17.
This paper investigates various possible meanings of ‘Social Market Economy’—60 years after its political initiation in Germany.
We focus on the variety of intellectual sources that influenced the formation and interpretation of the concept in Germany
during the first half of the last century. Our particular attention is on Müller-Armack’s definition of a rather dualistic
concept of ‘social’ versus ‘market economy’ and the subtle differences it has with an original (Freiburg School) view of ordo-liberalism
that lends itself more easily to a constitutional economics perspective.
相似文献
Michael Wohlgemuth (Corresponding author)Email: |
18.
Stefan Mann 《Forum for Social Economics》2007,36(1):29-42
Social scientists are reluctant to make explicit interpersonal comparisons of well-being. However, implicit comparisons are
made on a surprisingly regular basis. These comparisons are based on the wealth and the Kaldor–Hicks concept in utility theory
and on self-reported well-being in happiness research. Taking a utilitarian stance, this paper tests the ethical foundations
of both principles. While self-reported well-being serves as an acceptable proxy for utilitarian decision-making, the Kaldor–Hicks
concept does not appear so. Implications for evaluating policies are outlined.
相似文献
Stefan MannEmail: |
19.
Dimitris K. Christopoulos 《Empirical Economics》2006,31(3):601-611
This paper uses non-linear models to investigate non-stationarity of real GDP per capita for seven OECD countries over the period 1900–2000. Unit root tests based on non-linear models are more powerful than traditional ADF statistics in rejecting the null unit root hypothesis. Empirical results show that, contrary to what the linear ADF statistics suggest, stationarity characterizes five out of the seven countries. This finding stands at variance with other recent studies which conclude that movements in real GDP per capita can be characterized as a non-stationary process.
相似文献
Dimitris K. ChristopoulosEmail: |
20.
Randall G. Holcombe 《The Review of Austrian Economics》2008,21(4):225-249
Twentieth century economics was dominated by the development and refinement of the concept of economic equilibrium. While
it is worthwhile to understand the properties of economic equilibrium, equilibrium concepts have dominated economic thought
to the point that they have obscured some of the more important issues economists have always strived to understand. At least
since Adam Smith’s time, economists have tried to understand the causes of prosperity, and how economic welfare can be enhanced,
but these issues are best understood outside the equilibrium framework. The foundations provided by the Austrian school point
toward ways that economic analysis can expand beyond the equilibrium framework.
相似文献
Randall G. HolcombeEmail: |