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THE BIORHYTHMS OF BUSINESS, ABLY EXPLAINED
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John Maynard Keynes once asked Max Planck, the inventor of quantum
theory and perhaps the leading theoretical physicist of his time,
whether he had ever considered taking up economics. Planck shook his
head. "The math is too difficult."
Maybe Planck was pulling Keynes's leg. But maybe not: Things
occasionally get a bit complicated in "Why Most Things Fail," even
though Paul Ormerod, besides being an original and prolific
economist, is a first-rate explainer. This is his third short bu...
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A realist perspective on contemporary "economic theory."
Journal of Economic Issues
; that the transcendental realist perspective throws up. The essential point here is that while the traditional constant conjunction view of science entails the goal of control along with the amelioration of events and states of affairs, the transcendental realist perspective offers instead the goal
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Economic View: When proven economic theory falls flat on its face
The Independent - London
; Does the fact that taking Prozac can make somebody more inclined to impulse buy when they are out shopping invalidate economic theory? It is a serious question. The foundation stone of economics is the assumption that individuals maximise their expected utility - that is, the benefit they expect to
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Commentary: Economic theory and the law twine together
St. Louis Daily Record / St. Louis Countian
; This article originally appeared in The (Baltimore) Daily Record, another Dolan Media publication. BALTIMORE - The social and economic costs of initiating and applying public policy in accordance with a particularly political or social philosophy is the focus of the law and economics school of
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Commentary: Economic theory and the law
The Daily Record (Baltimore)
; The social and economic costs of initiating and applying public policy in accordance with a particularly political or social philosophy is the focus of the law and economics school of jurisprudence. The use of economic theory to scrutinize the law and the institutions of the legal system is not
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Economic theory, institutions, and economic policy.
Atlantic Economic Journal
; I. Introduction The purpose of this paper is threefold. First, it emphasizes that reference to the institutional framework represents an integral part of economic theory if the latter is to be conceived of as a tool mainly directed to the comprehension of the functioning of actual economic systems.
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Fed: Parliament left guessing on economic theory
AAP General News (Australia)
; AAP General News (Australia) 02-18-2008 Fed: Parliament left guessing on economic theory By Colin Brinsden, Economics Correspondent CANBERRA, Feb ...
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Not Just for the Money: An Economic Theory of Personal Motivation
Personnel Psychology
; Bruno Frey. Not Just for the Money: An Economic Theory of Personal Motivation. Cheltenham, UK: Edgar Elgar Publishing, 1997, 156 pages. Reviewed by John J Lawler, Institute of Labor and Industrial Relations, University of Illinois at Urbana-Champaign, IL. Shortly after assuming the presidency in
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The engine of capitalist process: entrepreneurs in economic theory.
Economic & Financial Review
; Let us call a halt to this imaginary dialogue [between Karl Marx and Joseph Schumpeter] and return to the main subject at hand: the neglect of entrepreneurship in modern, mainstream economics. Surely, this neglect must give us pause? It is a scandal that nowadays students of economics can spend
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Garbled economic theory.(LETTERS)
The Washington Times
; Byline: THE WASHINGTON TIMES Not only does William Hawkins misunderstand the principle of comparative advantage, but he incorrectly suggests that it is the lone pillar supporting the case for free trade ( Economic theory ignores reality, Letters, Monday). Adam Smith didn't know about comparative
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Highest and best use analysis: appraisal heuristics versus economic theory.
Appraisal Journal
; Disagreement persists among traditional and contemporary thinkers over the meaning and execution of highest and best use analysis in appraisal. The disagreement stems largely from differing conceptual premises inherent in traditional and contemporary interpretations of highest and best use. While
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