Monthly Archives: February 2015
Piet Keizer on Dan Ariely on Irrationality Introduction More than 50 years ago Herbert Simon criticised the neoclassical idea that the orthodox economic analysis, which is based on the assumption of the economic and rational homo oeconomicus, is a sound … Continue reading
Posted in Geen categorie
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DAVID ROTHKOPF ABOUT THE GLOBAL POWER ELITE
David Rothkopf about the global power elites (02-06-2014) Introduction In his book “Superclass. The global power elite and the world they are making” (2008) Rothkopf offers an insider’s view on the various power elites, which have a significant effect on … Continue reading
Posted in Economy And Society
Tagged elite, Global Forum Davos, global network, superclass
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MENGER ON EXACT LAWS VERSUS EMPIRICAL LAWS
Menger on Exact Laws versus Empirical Laws (19-02-2014) In his Investigations into the Method of the Social Sciences With Special Reference to Economics (1883) Menger takes position in the Methodenstreit between the deductivism and inductivism. Menger advocated the deductivist approach … Continue reading
Posted in Multidisciplinairy Economics
Tagged deductivism, empirical law, empiricism, essence, exact law, inductivism, isolated abstraction
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THE EUROPEAN ECONOMIC CRISIS AND THE CRISIS IN ECONOMICS (II)
The European Economic Crisis and the Crisis in Economics (II) (06-08-2013) Introduction In the first part of this essay we have discussed the European economic crisis and stated that the almost complete disappearance of genuine macroeconomics from the educational and … Continue reading
THE EUROPEAN ECONOMIC CRISIS AND THE CRISIS IN ECONOMICS (1)
The European Economic Crisis and the Crisis in Economics (I) (06-08-2013) Introduction In 2008 the American financial crisis created a serious credit crunch in the Western world, followed by a global depression in 2009. China and the USA stimulated their … Continue reading
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