An examination of the foundations of contemporary theoretical economics. Applying concepts from model theory - formal semantics - and standard tools in foundations research the author aims three targets, namely, a characterization of the notion 'empirical economic theory', the d…
Modern neoclassical economics is a theory of general equilibrium, based on assumptions of perfect competition, perfect knowledge of existing technology, and timeless - staticadjustment. Although useful for some purposes, this theory suffers from serious defects, both in its assu…
Modern neoclassical economics is a theory of general equilibrium, based on assumptions of perfect competition, perfect knowledge of existing technology, and timeless - staticadjustment. Although useful for some purposes, this theory suffers from serious defects, both in its assu…
This is a book about real time in economics, a dimension increasingly unused by the leading edge of the profession. This, it is argued, has serious implications for economics role as the premier policy-advising source for national governments and international organisations. It …
Studies real time in economics, a dimension increasingly unused by the edge of the profession. This, it is argued, has serious implications for economics' role as the premier policy-advising source for national governments and international organizations.
