Tag Archives: orthodox economics
BEHAVIOURAL ECONOMICS, A METHODOLOGICAL ACCOUNT
Behavioural Economics, A Methodological Account Introduction Behavioural economics is a combination of behavioural and cognitive psychology on the one hand, and empirical economics on the other. Both strands are weak in theory and strong in empirics. Therefore in combination they … Continue reading
ECONOMICS AS AN (IN)DEPENDENT SCIENCE
ESSAYS IN MULTIDISCIPLINARY ECONOMICS, NO.2 Economics as an (In)dependent Science Introduction Science has always been heavily influenced by the ideologies and interests of people. Although this phenomenon is unavoidable, it makes sense to reduce it as much as possible. When … Continue reading
MULTIDISCIPLINARY ECONOMICS, A METHODOLOGICAL ACCOUNT, OXFORD UNIVERSITY PRESS, 2015
PIET KEIZER (MAY, 2015), MULTIDISCIPLINARY ECONOMICS, A METHODOLOGICAL ACCOUNT, OXFORD: OXFORD UNIVERSITY PRESS. The most important misunderstanding in economics is the idea that orthodox economic theory, as we know from regular textbooks, offers an acceptable foundation for the study of … Continue reading
POST-CRISIS ECONOMICS
Piet Keizer, Multidisciplinary Economics, A Methodological Account, Oxford University Press, May, 2015. Post-crisis Economics When the global economy was hit by a severe financial crisis, mainstream economists were surprised. The global financial system appeared very fragile, especially in the … Continue reading