HB Economic Theory

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Most of the thesis is devoted to studying the collapse of the Mexican peso in December 1994 using empirical methods that allow shifts in regimes, as well as a small theoretical model based on the escape clause approach. Also, we present a study of the consumption boom observed i…

Marx's value theory is standardly interpreted as a theory of price: qualitatively, as a kind )f materialist sociology, concerned to show how money, markets and prices, in a developed form, are the mere reflux of a particular mode of production, i. e. capitalism; and quantitative…

Economic theory traditionally explains choice under risk through the preferences of the individual, yet many important economic decisions are made by groups. To increase our understanding of the implications of group decisions and enrich our theories accordingly, we need empiric…

This dissertation effects a complete re-orientation of economic theory. It shows how the economic cannot be analysed separately from the political and the social, and lays the foundation for an integrated political economy. The work examines the philosophical difficulties faced …