nep-hpe New Economics Papers
on History and Philosophy of Economics
Issue of 2005‒02‒06
four papers chosen by
Andy Denis
City University

  1. Is Neoclassical Economics still Entrepreneurless? By Bianchi, Milo; Henrekson, Magnus
  2. An Interview with Thomas J. Sargent By George W. Evans; Seppo Honkapohja
  3. The Economics of Open Bibliographic Data Provision By Thomas Krichel; Christian Zimmermann
  4. Arrovian Social Choice Theory on Economic Domains By Michel Le Breton; John A. Weymark

  1. By: Bianchi, Milo (Dept. of Economics, Stockholm School of Economics); Henrekson, Magnus (Dept. of Economics, Stockholm School of Economics)
    Abstract: We review and evaluate some recent contributions on the modeling of entrepreneurship within a neoclassical framework, analyzing how and to what extent the fundamental ingredients suggested in the social science literature were captured. We show how these approaches are important in stressing the main elements of a complex picture without being able to completely describe it. However, each modeling attempt focuses only on one specific feature of entrepreneurship. The entrepreneurial function broadly perceived eludes analytical tractability. As a consequence, the models can be useful in analyzing the effect of entrepreneurial behavior at an aggregate level, but not at explaining individual choices. From these observations we highlight how a simplistic interpretation of the existing mainstream approaches incorporating entrepreneurship runs the risk of leading to distortionary policy interventions.
    Keywords: Entrepreneurial Choice; Entrepreneurship; Innovation; Neoclassical Modeling; Uncertainty
    JEL: B41 D81 J23 L23 M13 O31
    Date: 2005–01–31
  2. By: George W. Evans (University of Oregon Economics Department); Seppo Honkapohja (University of Cambridge)
    Abstract: This is the text of an interview with Thomas J. Sargent. The interview will be published in Macroeconomic Dynamics.
    Keywords: rational expectations
    JEL: E00
    Date: 2005–01–11
  3. By: Thomas Krichel (Palmer School, Long Island University); Christian Zimmermann (University of Connecticut)
    Abstract: In this paper, we discuss the provision of bibliographic data as an extension of the open source concept. Our particular concern is the sustainability of such endeavors. We describe the RePEc (Research Papers in Economics) project, probably the largest "open source" bibliographic database. It demonstrates that open-source bibliographic data collection is sustainable.
    Keywords: open source, dissemination of research, open library, network economies
    JEL: L39
    Date: 2005–02
  4. By: Michel Le Breton (GREMAQ and IDEI, Universite de Toulouse 1); John A. Weymark (Department of Economics, Vanderbilt University)
    Abstract: This article surveys the literature that investigates the consistency of Arrow's social choice axioms when his unrestricted domain assumptions are replaced by domain conditions that incorporate the restrictions on agendas and preferences encountered in economic environments. Both social welfare functions and social choice correspondences are considered.
    Keywords: Social choice, Arrow's Theorem, restricted domains
    JEL: D71
    Date: 2002–04

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