Constructing a More Scientific Economics

Constructing a More Scientific Economics
Author: Morris Altman
Publisher:
Total Pages: 0
Release: 2022
Genre:
ISBN: 9783030839291
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John Tomer was a leading intellectual figure in behavioural economics, making distinct contributions to the theory of the firm, social economy, choice theory, and government policy. His underlying methodology as an economist was to incorporate different disciplinary approaches to the subject at hand, whilst maintaining an underlying respect and understanding of how and why humans behave the way they do. This book brings together a collection of scholars celebrating John Tomer's contributions to the field of economics. Covering key areas of his research, contributing authors discuss the latest research in behavioral economics, the human firm, climate change policy, sustainability, well-being, human capital, and human development. This volume, extending John Tomer's more scientific perspective rooted in behavioural and institutional economics, should find an audience among both scholars and policy advocates. It can also enrich course delivery, providing students with alternative perspectives and approach to economic and socio-economic analysis. Morris Altman is the Dean of the School of Business and Chaired Professor of Behavioral and Institutional Economics and Co-operatives at the University of Dundee, UK. He was Dean of and Professor at the Newcastle Business School at the University of Newcastle, Australia, and was formerly Head of Economics and Finance and Professor at Victoria University of Wellington, New Zealand. He is Emeritus Professor at the University of Saskatchewan in Canada. He served as Editor of the Journal of Socio-Economics for ten years and was the co-founder of the Review of Behavioral Economics. He is also past President of the Society for the Advancement of Behavioral Economics and of the Association for Social Economics. Morris has published well over 100 refereed papers and has published 14 books in economic theory, co-operatives, and public policy including, Behavioral Economics for Dummies, Economic Growth and the High Wage Economy, and Smart Decision-Making: Rational Decision-Making within the Bounds of Reason. He is founding editor of the Elsevier book series Perspectives on Behavioral Economics and the Economics of Behavior.

The Expansion of Economics

The Expansion of Economics
Author: Shoshana Grossbard-Shechtman
Publisher: Routledge
Total Pages: 304
Release: 2016-07-08
Genre: Business & Economics
ISBN: 1315499754
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Economics, like most other social sciences, is not a pure discipline. Indeed, it has been enhanced by the fact that there is so much overlap between it and the related fields of business, industrial relations, political science, social psychology, and sociology. This book is the first attempt to explain how work in economics has influenced and benefited from a merging of economic analysis with the research practices of these related fields of study. With contributions from leading economists from around the world, it demonstrates how economics is leading the way toward a more unified social science.

Economic Theory and Cognitive Science

Economic Theory and Cognitive Science
Author: Don Ross
Publisher: MIT Press
Total Pages: 466
Release: 2005
Genre: Business & Economics
ISBN: 9780262182461
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A hilariously funny cookbook–cum–how–I–did–it memoir by the chef/restaurateur who created New York's dazzling Ápizz restaurant. At the age of thirty–seven, John LaFemina left a lucrative career as a jeweler to become a chef. Instead of going back to school, or getting on–the–job training, he did it the hard way: he bought the restaurant and then taught himself to cook. Today he owns two of New York's great Italian restaurants–Ápizz and Peasant–and is one of the city's most–talked–about chefs, earning rave reviews from fans and critics. In this gorgeous cookbook, he not only shares scores of recipes, but describes his life as a Canarsie boy learning about meatballs and macaroni in his mother's kitchen–and reveals how he drew on a lifetime of Italian cooking, and his own hard work and exquisite taste to create his dream restaurant from scratch. LaFemina takes us step–by–step through the process of finding the perfect location (and figuring out how many meatballs you have to sell to pay the rent), designing a restaurant, procuring all the necessary permits and licenses, and creating the menu. And this is just the first part of running a restaurant. He shares his experiences in dealing with the public and the press, unexpected disasters, and finally, basking in the glory of a popular restaurant. Along with his inspiring story, John LaFemina also shares 100 mouthwatering recipes, including: Lasagna with Braised Wild Boar Mushroom Risotto Veal, Beef, and Pork Meatballs with Ricotta Filling Open Ravioli with Roasted Butternut Squash Creamsicle Panna Cotta Chocolate Banana Bread Pudding

The Methodology of Economic Model Building (Routledge Revivals)

The Methodology of Economic Model Building (Routledge Revivals)
Author: Lawrence A. Boland
Publisher: Routledge
Total Pages: 179
Release: 2014-05-01
Genre: Business & Economics
ISBN: 1317680952
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The major methodological task for modern economists has been to establish the testability of models. Too often, however, methodological assumptions can make a model virtually impossible to test even under ideal conditions, yet few theorists have examined the requirements and problems of assuring testability in economics. In The Methodology of Economic Model Building, first published in 1989, Lawrence Boland presents the results of a research project that spanned more than twenty years. He examines how economists have applied the philosophy of Karl Popper, relating methodological debates about falsifiability to wider discussions about the truth status of models in natural and social sciences. He concludes that model building in economics reflects more the methodological prescriptions of the economist Paul Samuelson than Popper’s ‘falsificationism’. This title will prove invaluable to both students and researchers, and represents a substantial contribution to debates about the scientific status of economics.

A Brain-Focused Foundation for Economic Science

A Brain-Focused Foundation for Economic Science
Author: Richard B. McKenzie
Publisher: Springer
Total Pages: 231
Release: 2018-06-06
Genre: Business & Economics
ISBN: 3319768107
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This book argues that Lionel Robbins’s construction of the economics field’s organizing cornerstone, scarcity—and all that has been derived from it from economists in Robbins’s time to today—no longer can generate general consent among economists. Since Robbins’ Essay, economists have learned more than Robbins and his cohorts could have imagined about human decision making and about the human brain that is the lynchpin of human decision making. This book argues however that behavioral economists and neuroeconomists, in pointing to numerous ways people fall short of perfectly rational decisions (anomalies, biases, and downright errors), have saved conventional economics from such self-contradictions in what could be viewed as a wayward approach. This book posits that the human brain is the ultimate scarce resource, and that a focus on the brain can bring a new foundation for economics and can save the discipline from hostile criticisms from a variety of non-economists (many psychologists).

Do Economists Make Markets?

Do Economists Make Markets?
Author: Donald A. MacKenzie
Publisher: Princeton University Press
Total Pages: 398
Release: 2007
Genre: Business & Economics
ISBN: 9780691130163
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The Idea of History in Constructing Economics

The Idea of History in Constructing Economics
Author: Michael H. Turk
Publisher: Routledge
Total Pages: 266
Release: 2015-08-11
Genre: Business & Economics
ISBN: 1317611926
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How scientific is economics? This question has often been framed by analogies and correspondences made between economics and other, seemingly more well-established scientific disciplines, starting with classical mechanics. At the same time economics is likely to be seen in opposition to or in contrast with history, where the reliance upon generalizing rules, thought experiments, and model construction in economics is set against the amassing of particular facts intended to create narratives in history. In this new volume, Turk explores the relationship between economics and history, including the often fraught one between economics and economic history, making the case that economics does in fact require the proper grounding in history that has so often been ignored. This work challenges the attempt to link economics with other, more clearly ‘scientific’ disciplines as flawed and fundamentally wrongheaded. A key element of this book is its examination of the gaps and associations that exist in, or are seen through, linkages with thermodynamics, classical mechanics , biology, literature, mathematics, philosophy, and sociology. This exploration is frequently undertaken through study of the work of one or more major figures in the history of economic thought, ranging from Quesnay and Smith, through Walras and Max Weber, to Robinson, Krugman, David, and Arthur. Through the possibility of an alternative to the gaps noted in each such comparison, the underlying, necessary connection between economics and history can be brought out. The book concludes by exploring the basis for the positive construction of a historical economics. This book is suited for those who study history of economic thought and philosophy of economics.

Energy and the Wealth of Nations

Energy and the Wealth of Nations
Author: Charles A.S. Hall
Publisher: Springer
Total Pages: 507
Release: 2018-03-05
Genre: Business & Economics
ISBN: 3319662198
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In this updated edition of a groundbreaking text, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, and the interaction of internal limits to growth found in the investment process and rising inequality with the biophysical limits posed by finite energy resources. The authors focus attention on the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the high cost and relatively low EROI of finding and exploiting new oil fields, including the much ballyhooed shale plays and oil sands, and whether alternative energy technologies such as wind and solar power can meet the minimum EROI requirements needed to run society as we know it. For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, when energy supplies and the environmental impacts of energy production and consumption are likely to constrain economic growth, this exemption should be considered illusory at best. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, empirical, and unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.

Cartesian Economics

Cartesian Economics
Author: Frederick Soddy
Publisher: Cosimo Classics
Total Pages: 56
Release: 2012-10-24
Genre: Business & Economics
ISBN: 1616409681
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Cartesian Economics, The Bearing of Physical Science upon State Stewardship is a compilation of two lectures given by Frederick Soddy to the student unions of Birbeck College and the London School of Economics. The lectures were the first of four works written between 1921 and 1934 that applied the concepts of hard science to the economy. Though Soddy's ideas were largely rejected at the time, much of his theories are rooted in real-world examples and mirrored in other aspects of life-like the laws of thermodynamics. Soddy's main arguments are against the concepts of debt and wealth. He likens the economy to a machine, which must draw energy from outside itself and which cannot forever recycle that energy to create more energy. Similarly, economists posited that debt could produce more wealth, and thus fuel an economy. Soddy argued instead that debt destroyed wealth, eating it up until there was more debt in a society than wealth, making it unsustainable. These lectures are poignant, and highly applicable to the economic situation at the beginning of the 21st century. They will interest burgeoning and seasoned economists yearning for a new perspective.

From Oikonomia to Political Economy

From Oikonomia to Political Economy
Author: Germano Maifreda
Publisher: Routledge
Total Pages: 313
Release: 2016-04-22
Genre: History
ISBN: 1317131983
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Renaissance Europe witnessed a surge of interest in new scientific ideas and theories. Whilst the study of this 'Scientific Revolution' has dramatically shifted our appreciation of many facets of the early-modern world, remarkably little attention has been paid to its influence upon one key area; that of economics. Through an interrogation of the relationship between economic and scientific developments in early-modern Western Europe, this book demonstrates how a new economic epistemology appeared that was to have profound consequences both at the time, and for subsequent generations. Dr Maifreda argues that the new attention shown by astronomers, physicians, aristocrats, men of letters, travellers and merchants for the functioning of economic life and markets, laid the ground for a radically new discourse that envisioned 'economics' as an independent field of scientific knowledge. By researching the historical context surrounding this new field of knowledge, he identifies three key factors that contributed to the cultural construction of economics. Firstly, Italian Humanism and Renaissance, which promoted new subjects, methods and quantitative analysis. Secondly, European overseas expansion, which revealed the existence of economic cultures previously unknown to Europeans. Thirdly factor identified is the fifteenth- and sixteenth-century crisis of traditional epistemologies, which increasingly valued empirical scientific knowledge over long-held beliefs. Based on a wide range of published and archival sources, the book illuminates new economic sensibilities within a range of established and more novel scientific disciplines (including astronomy, physics, ethnography, geology, and chemistry/alchemy). By tracing these developments within the wider social and cultural fields of everyday commercial life, the study offers a fascinating insight into the relationship between economic knowledge and science during the early-modern period.