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on History and Philosophy of Economics |
| By: | Leigh, Andrew |
| Abstract: | From ancient times to the modern world, "The Shortest History of Economics" (published in the United States as "How Economics Explains the World") discusses the hidden economic forces behind war, innovation and social transformation. It traces how capitalism and the market system emerged, and introduces the key ideas and people who shaped the discipline of economics. From the agricultural revolution to the warming of our planet, teh book tells the story of economics that ranges across centuries and continents, highlighting the diversity of the discipline. It delves into the radical origins of the game of Monopoly, why the invention of the plough worsened gender inequality, how certain diseases shaped the patterns of colonialism, the reasons skyscrapers emerged first in American cities, and much more. The upload is the introduction to the book. |
| Keywords: | economic history; trade; technology; women in economics; sport; discrimination; japan; china; india |
| JEL: | B1 B10 B2 B20 B3 B31 N0 N00 N1 N10 N2 N20 N3 N30 N4 N40 N5 N50 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:122935 |
| By: | Macve, Richard |
| Abstract: | I review how my work on accounting history has been made possible through collaboration with experts in various fields. |
| Keywords: | accounting; researching; publishing; history; interdisciplinary collaboration |
| JEL: | M40 |
| Date: | 2024–11–08 |
| URL: | https://d.repec.org/n?u=RePEc:ehl:lserod:125869 |
| By: | Astebro, Thomas B. (HEC Paris); Fossen, Frank M. (University of Nevada); Gutierrez, Cédric (Bocconi University) |
| Abstract: | Entrepreneurship scholars are interested in understanding and describing how entrepreneurs make decisions under uncertainty, where the probabilities of outcomes are not known but perceived, resulting in ambiguous probabilities. In this context, ambiguity refers to the lack of precise and objective probability assessments and the presence of subjective judgments regarding potential outcomes. In this chapter, we discuss the development of thought on how entrepreneurs perceive and react to uncertainty from Frank Knight (1921) to the present day. Recognizing that entrepreneurs face uncertainty rather than risk and are unlikely to have estimates of all probabilities for all potential outcomes, it becomes difficult to accept Expected Utility Theory (EUT), developed by Savage (1951) and von Neumann and Morgenstern (1953), as a relevant model for entrepreneurial decision-making. We examine a range of decision theories, ranking them in an order starting from EUT and proceeding to the most structure-free models of entrepreneurial choice, allowing for comparisons and contrasts of the main components and underlying concepts as they apply to entrepreneurial decision making. |
| Keywords: | entrepreneurship; uncertainty; ambiguity; decision theory; Bayesian Entrepreneurship |
| JEL: | J24 L26 |
| Date: | 2024–08–21 |
| URL: | https://d.repec.org/n?u=RePEc:ebg:heccah:1529 |
| By: | Poinsot Flavia Gabriela |
| Abstract: | El pensamiento económico de Calvino es poco explorado en relación con las dimensiones histórica, filosófica y política, siendo quizás la tesis de Weber (1905) la más conocida. Algunas investigaciones teológicas recientes en base a nuevas traducciones postulan que su acción en Ginebra, al defender la libertad de mercado, la propiedad, el trabajo libre y su especialización, permiten el paso a la economía de mercado. Al extenderse por los países del norte europeo, especialmente en Escocia e Inglaterra, cuna del liberalismo económico, desde el siglo XVI el calvinismo se convierte en una forma independiente de pensar, un sistema de vida que trasciende la interpretación confesional, sectaria y dogmática. Por ello resulta interesante analizar científicamente las ideas subyacentes en esa forma de pensar porque, siendo el marco cognitivo dominante de su pensamiento el mismo que el de los escolásticos y los Padres de la Iglesia, la teología, Calvino, mediante una lógica estricta, una mente cartesiana, se aleja de aquellos al analizar los mecanismos económicos. Este trabajo se inscribe dentro del nuevo campo interdisciplinario de la economía y la religión profundizando las cuestiones intelectuales que están en juego en el encuentro de la teología cristiana y la economía. |
| JEL: | B11 Z12 |
| Date: | 2024–11 |
| URL: | https://d.repec.org/n?u=RePEc:aep:anales:4753 |
| By: | De Pablo Juan Carlos |
| Abstract: | Confieso, hice trampa. Porque el objetivo principal de esta monografía no es contestar el interrogante planteado en el título, sino reflexionar sobre la obra de un par de colegas que en 2024 cumplirán sus primeros 100 años (Robert Merton Solow nació el 23 de agosto de 1924, mientras que Arnold Carl Harberger vino al mundo el 27 de julio de dicho año). Aclaración. Comencé la versión preliminar de este trabajo a mediados de diciembre de 2023, días antes del 21 de dicho mes, cuando se produjo el fallecimiento de Solow. Pero seguí adelante porque la reflexión que sigue continúa teniendo sentido, más allá de la desaparición física de uno de ellos. |
| JEL: | B31 |
| Date: | 2024–11 |
| URL: | https://d.repec.org/n?u=RePEc:aep:anales:4725 |
| By: | Frijters, Paul |
| Abstract: | While in his early years, Kahneman followed the world of classic utilitarianism in which smart individuals base decisions on how they will truly feel each moment in the future, Kahneman in Mandel (2018) adopted a very different position, namely that what matters is the story people tell of their lives. He thus grappled with evolving stories of both the future and the past, and the presence of different decision-supporting evaluations for the short-run and the long-run. |
| Keywords: | Kahneman; happiness; satisfaction; updating; utility; wellbeing |
| JEL: | D60 I31 |
| Date: | 2024–10–31 |
| URL: | https://d.repec.org/n?u=RePEc:ehl:lserod:126105 |
| By: | RANDRIAMANANTENA, Avo Liantsoa |
| Abstract: | This article presents a thorough analysis of the relationship between education and economic growth, drawing on a detailed review of both microeconomic and macroeconomic theories. It emphasizes the two key roles of education: first, as a driver of individual performance, and second, as a catalyst for economic development. |
| Keywords: | Education; Human Capital; Productivity; Economic growth |
| JEL: | I25 |
| Date: | 2024–11 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:122831 |
| By: | Hurlin, Christophe (University of Orleans); Colliard, Jean-Edouard (HEC Paris); Pérignon, Christophe (HEC Paris) |
| Abstract: | We investigate why economics displays a relatively low level of computational reproducibility. We first study the benefits and costs of reproducibility for readers, authors, and academic journals. Second, we show that the equilibrium level of reproducibility may be suboptimally low due to three market failures: a competitive bottleneck effect due to the competition among journals to attract authors, the public good dimension of reproducibility, and the positive externalities of reproducibility outside academia. Third, we discuss different policies to address these market failures and move out of a low reproducibility equilibrium. In particular, we show that coordination among journals could reduce by half the cost of verifying the reproducibility of accepted papers. |
| Keywords: | research reproducibility; trust in science; peer-review process; confidential data |
| JEL: | C80 |
| Date: | 2024–04–24 |
| URL: | https://d.repec.org/n?u=RePEc:ebg:heccah:1521 |
| By: | Hervé Dumez (i3-CRG - Centre de recherche en gestion i3 - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - IP Paris - Institut Polytechnique de Paris - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique) |
| Abstract: | Chacun devrait lire ce petit livre assez étrange (Gray, 2023). Sa tonalité conservatrice et sombre est peut-être le prix à payer pour comprendre le monde que nous vivons. Commençons par expliquer son titre. Le Léviathan est le titre que Thomas Hobbes a donné à son grand livre de philosophie politique publié en 1651. Le mot Léviathan y désigne l'État, et il est emprunté à la Bible. Dans celle-ci, le vocable désigne un monstre marin effrayant qui symbolise la révolte contre Dieu. Il pourrait renverser le monde si l'Éternel n'y mettait bon ordre. Pourquoi diable Hobbes est-il allé chercher ce mot pour désigner l'État ? Le frontispice de la première édition représente un homme couronné, tenant dans une main un épée et de l'autre une crosse épiscopale. Mais cet homme est formé lui-même d'une multitude de petits hommes. Léviathan pourrait donc signifier simplement un corps immense formé d'une multitude de corps moindres. Le mot conserve une connotation quelque peu effrayante. |
| Date: | 2024–03 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04858901 |