Results for 'Macroeconomics'

35 found
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  1. Why macroeconomics does not supervene on microeconomics.Brian Epstein - 2014 - Journal of Economic Methodology 21 (1):3-18.
    In recent years, the project of providing microeconomic foundations for macroeconomics has taken on new urgency. Some philosophers and economists have challenged the project, both for the way economists actually approach microfoundations and for more general anti-reductionist reasons. Reductionists and anti-reductionists alike, however, have taken it to be trivial that the macroeconomic facts are exhaustively determined by microeconomic ones. In this paper, I challenge this supposed triviality. I argue that macroeconomic properties do not even globally supervene on microeconomic ones. (...)
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  2.  86
    Where Does Causal Knowlede in Macroeconomics Come from?Stevan Rakonjac -
    Different methodological approaches to empirical macroeconomics will be described and it will be explained that they represent different answers to the question from the title. Structural approaches require that macroeconometrical research should be explicitly founded on the (micro)economic theory in order to be able to measure the causal structure of the macroeconomic phenomena. Unstructural VAR approach suggest using econometric models to try to find out as much as possible about causal structure from the data, without prior restrictions from the (...)
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  3. Fact-Value Confusion Driving Methodological Error in Macroeconomic Theory.Noah Garver - unknown
    This paper aims to show errors in common methodology of reasoning about macroeconomic theory. The error comes from confusion about descriptive and scientific methods of inquiry being used as a means of justifying conclusions with a normative basis. I will argue that many tools used in theorizing about the political economy that are thought of as able to express an isolated variable proving a normative point, actually contain normative assumptions which impact the soundness of the conclusion. The hidden values generally (...)
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  4. Complexity, Policymaking, and The Austrian Denial of Macroeconomics.Scott Scheall - 2023 - In Bert Tieben, Victoria Chick & Jesper Jespersen (eds.), Routledge Handbook of Macroeconomic Methodology. Routledge.
    Economists associated with the Austrian School of Economics are known to deny the value of macroeconomics as descended from the work of John Maynard Keynes and, especially, his followers. Yet, Austrian economists regularly engage in a related scientific activity: theorizing about the causes and consequences of economic fluctuations, i.e., the business cycle. What explains the Austrians’ willingness to engage in theorizing about the business cycle while denying the scientific import of macroeconomics? The present paper argues that the methodological (...)
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  5. Ensuring the financial safety of Ukrainian agricultural enterprises in the context of export products and the impact on macroeconomic indicators.Maksym Bezpartochnyi, Igor Britchenko & Olesia Bezpartochna - 2021 - VUZF REVIEW 3 (6):186-195.
    This article is devoted to the study of directions of financial safety of Ukrainian agricultural enterprises through the assessment of indicators economic activity and analysis of the export potential of agricultural products. The financial indicators of economic activity of Ukrainian agricultural enterprises, which affect the ensuring of financial safety, are determined. The activity of large Ukrainian agricultural enterprises in terms of their capitalization and formation of own capital are studied. Analyzed the commodity structure of exports agricultural products of Ukrainian agricultural (...)
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  6. Book Review of Introduction to Dynamic Macroeconomic General Equilibrium Models. (2nd Ed) Wilmington, DE: Vernon Press, 2015. 282pp ISBN: 978-1-62273-030-8 (Hardcover) written by Josh L. Torres. [REVIEW]Emerson Abraham Jackson - 2018 - Journal of Applied Thought 6:284-289.
    The book is very well structured to support practical skills development in understanding DSGE modelling through exercises to graduate a user knowledge on macroeconomic application relevant for policy decisions through use of scientific programs like DYNARE /IRIS, appropriate for use with MatLab/Octave. The author also provided useful references for the more inquisitive reader or practitioner to develop his / her ontological quest for further knowledge in the macroeconomic management of a state (Jackson, 2016). On the basis of relevance of its (...)
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  7. The Economic World View: Studies in the Ontology of Economics.Uskali Mäki (ed.) - 2001 - New York: Cambridge University Press.
    The beliefs of economists are not solely determined by empirical evidence in direct relation to the theories and models they hold. Economists hold 'ontological presuppositions', fundamental ideas about the nature of being which direct their thinking about economic behaviour. In this volume, leading philosophers and economists examine these hidden presuppositions, searching for a 'world view' of economics. What properties are attributed to human individuals in economic theories, and which are excluded? Does economic man exist? Do markets have an essence? Do (...)
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  8. Confirming Robinson´s statement? A lakatosian analysis of Keynes and his immediate orthodoxy.Jesús Muñoz - manuscript
    Confirming Robinson’s Statement? A Lakatosian Analysis of Keynes and his Immediate Orthodoxy Jesús Muñoz Abstract Was the Keynesian message alive during the second half of the XXth Century, or was it betrayed by his followers? This article in the fields of the history of economic thought and methodology contrasts the Scientific Research Programmes (SRPs), a Lakatosian concept, of Keynes in The General Theory of Employment, Interest and Money (TGT) with those of its immediate orthodox schools: Monetarism (MS), Neoclassical Synthesis (NS), (...)
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  9. The life cycle of social and economic systems.Sergii Sardak & С. Е Сардак - 2016 - Marketing and Management of Innovations 1:157-169.
    The aim of the article. The aim of the article is to identify the components of social and economic systems life cycle. To achieve this aim, the article describes the traits and characteristics of the system, determines the features of social and economic systems functioning and is applied a systematic approach in the study of their life cycle. The results of the analysis. It is determined that the development of social and economic systems has signs of cyclicity and is explained (...)
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  10. The Vietnamese Economy at the Crossroads.Thu-Trang Vuong, Vilém Semerák & Quan-Hoang Vuong - 2019 - In Roderick Macdonald (ed.), Southeast Asia and the ASEAN Economic Community. Palgrave Macmillan. pp. 91–143.
    Under one of the last remaining single-party communist regimes, Vietnam’s in-progress transition is a hybrid between post-Soviet reforms and Chinese authoritarian compromise. This chapter provides a brief account of the historical events and cultural attributes that have shaped the current political and economic configuration of the country, a coverage of globalization and entrepreneurial endeavours in relation to trade liberalization, an analysis of growing consumerist tendencies and the solidification of a circle of economic elites, an overview of Vietnamese foreign trade, with (...)
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  11. Shopping for experts.Gabriele Contessa - 2022 - Synthese 200 (3):1-21.
    This paper explores the socio-epistemic practice of shopping for experts. I argue that expert shopping is particularly likely to occur on what Thi Nguyen calls cognitive islands. To support my argument, I focus on macroeconomics. First, I make a prima-facie case for thinking that macroeconomics is a cognitive island. Then, I argue that ordinary people are particularly likely to engage in expert shopping when it comes to macroeconomic matters. In particular, I distinguish between two kinds of expert shopping, (...)
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  12. POTENTIAL OF BUSINESS ENTITIES: ESSENCE, ASSESSMENT AND ROLE IN NATIONAL DEVELOPMENT.V. M. Babayev, M. K. Sukhonos, O. V. Dymchenko, Iu O. Tararuiev, V. O. Yesina, O. O. Rudachenko, O. Yu Palant, Ye N. Vodovozov & Zh P. Beztsinna - 2021 - VUZF Publishing House “St. Grigorii Bogoslov”.
    The behavior of macroeconomic indicators (reflecting the development of both the national economy as a whole and that of individual economic sectors) testifies to the low current efficiency of the functioning of economic entities in the context of economic activities. This in turn necessitates scientific substantiation of developing and introducing theoretical and methodological recommendations to ensure innovative development of the country. One of the most effective ways to practically implement this task is to substantiate methods for quantitative assessment of potential (...)
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  13.  83
    Criticism of individualist and collectivist methodological approaches to social emergence.S. M. Reza Amiri Tehrani - 2023 - Expositions: Interdisciplinary Studies in the Humanities 15 (3):111-139.
    ABSTRACT The individual-community relationship has always been one of the most fundamental topics of social sciences. In sociology, this is known as the micro-macro relationship while in economics it refers to the processes, through which, individual actions lead to macroeconomic phenomena. Based on philosophical discourse and systems theory, many sociologists even use the term "emergence" in their understanding of micro-macro relationship, which refers to collective phenomena that are created by the cooperation of individuals, but cannot be reduced to individual actions. (...)
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  14. Understanding Financial Instability: Minsky Versus the Austrians.Ludwig Van Den Hauwe - 2016 - Journal des Economistes Et des Etudes Humaines 22 (1):25-60.
    Although Minsky’s interpretation of Keynes’s macroeconomics and essential message clashes with authoritative alternative interpretations, it has become increasingly influential during the years following the Global Financial Crisis, even in mainstream circles. This paper offers a critical evaluation of Minsky’s Financial Instability Hypothesis from the perspective of the alternative Austro-Wicksellian paradigm. Although some of the similarities and/or analogies between Minsky’s approach and that of the Austrian School suggest a more than merely superficial affinity between the two theoretical frameworks and although (...)
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  15. National Economies Intellectualization Evaluating in the World Economy.Sergii Sardak & A. Samoylenko S. Sardak - 2014 - Economic Annals-XXI 9 (2):4-7.
    The state of national economies development varies and is characterized by many indicators. Economically developed countries are known as doubtless leaders that are in progress and form political stability, social and economics standards, scientific and technical progress and determine future priorities. It is worth mentioning that the progressive development of national economies in conditions of globalization can take place only in case of the increase of their intellectualization level, through saturation of people`s life, economic relations and production by brain activity, (...)
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  16. Costos y Beneficios de una Dolarización Oficial en México.Roberto Olivares Farías - 2011 - Daena 6 (2):54-82.
    Resumen. La presente investigación pretende analizar los costos y beneficios económicos de una dolarización oficial en México, tomando como punto de referencia los casos de Panamá, El Salvador y Ecuador, quienes han tenido un éxito significativo con la dolarización, como una medida para mejorar su estabilidad macroeconómica y erradicar las devaluaciones de sus monedas con respecto al dólar. Abstract. This research aims to analyze the economic costs and benefits of official dollarization in Mexico, taking as reference the case of Panama, (...)
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  17. Problems with the Austrian Business Cycle Theory.Jeffrey Hummel - 1979 - Reason Papers 5:41-53.
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  18. Modern Monetary Theory and Distributive Justice.Justin P. Holt - 2023 - Springer Verlag.
    Modern Monetary Theory and Distributive Justice shows how the macroeconomic framework called modern money theory (MMT) is relevant to the field of political philosophy called distributive justice. Many of the macroeconomic assumptions of distributive justice are unstated and unexamined. The framework of MMT illuminates these assumptions and provides an alternative vision of distributive justice analysis and prescriptions. In particular, MMT holds that modern money is a nominal state issued token (fiat), there is a distinction between nominal assets and real assets, (...)
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  19. De Nederlandse economie in internationaal perspectief: 1960-1973-1982.Jan Arreman, A. S. W. de Vries & H. L. van der Kolk - 1985 - Economisch Statistische Berichten 70 (3519):816-821.
    Wat betreft economische groei en ontwikkeling van de werkloosheid heeft de Nederlandse economie het sinds 1973 slechter gedaan dan andere OECD-landen. Op de vraag naar de oorzaken van die slechte prestatie zijn in het verleden uiteenlopende antwoorden gegeven door o.m. Bomhoff en Clavaux. Ook zijn er diverse wegen aangegeven om op te rukken naar een betere positie. In dit artikel presenteren de auteurs de resultaten van een internationale doorsnee-analyse om de verschillen in economisch succes tussen landen met behulp van een (...)
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  20. Targeted Human Trafficking -- The Wars between Proxy and Surrogated Economy.Yang Immanuel Pachankis - 2022 - International Journal of Scientific and Engineering Research 13 (7):398-409.
    Upon Brexit & Trade War, the research took a supply-side analysis in macroeconomic paradigm for the purpose and cause of the actions. In the geopolitical competitions on crude oil resources between the allied powers & the Russian hegemony, the latter of which has effective control over P. R. China’s multilateral behaviors, the external research induced that trade war, either by complete information in intelligence or an unintended result, was a supply chain attack in prohibiting the antisatellite weapon supplies in the (...)
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  21. Collective and Individual Rationality: Some Episodes in the History of Economic Thought.Andy Denis - 2002 - Dissertation, City, University of London
    This thesis argues for the fundamental importance of the opposition between holistic and reductionistic world-views in economics. Both reductionism and holism may nevertheless underpin laissez-faire policy prescriptions. Scrutiny of the nature of the articulation between micro and macro levels in the writings of economists suggests that invisible hand theories play a key role in reconciling reductionist policy prescriptions with a holistic world. An examination of the prisoners' dilemma in game theory and Arrow's impossibility theorem in social choice theory sets the (...)
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  22.  61
    Tăng trưởng, thất nghiệp, lạm phát: Chính sách điều tiết của Hoa Kỳ, kết quả và một số hàm ý.Đậu Hương Nam - 2024 - Kinh Tế Và Dự Báo.
    Phản ứng trước những thách thức kinh tế giai đoạn hậu Covid-19 và trước các diễn biến kinh tế, địa chính trị phức tạp thời gian qua, Hoa Kỳ đã có những hành động quyết liệt trong điều hành chính sách tiền tệ và điều đó đã có những tác động tích cực lên kinh tế vĩ mô của Hoa Kỳ. Tuy nhiên, phân tích kỹ hơn các khía cạnh tăng trưởng, thất nghiệp và lạm phát, có thể thấy kinh (...)
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  23. Factors Affecting the Growth of Microfinance Institutions in Tanzania: A Case Study SACCOS in Singida Region.Muhsin Danga & Mashala Lameck Yusuph - 2019 - IJAMR 3 (3):45-60.
    Abstract: Microfinance Institutions (MFIs) are the financial services established for the specific target to enabling community, particularly poor people to access loans having lack of access to conventional banking and related services. Worldwide the sector started since 1770’s. In Tanzania, it kicked off in 1991 after the enactment of BFIA and SACCOS Act in 1991. This research was conducted in Singida District in 2018 comprising a sample size of 88 respondents from ten SACCOS. Both qualitative and quantitative data were collected. (...)
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  24. Overcoming the Impasse in Modern Economics.David Gindis & Francesca Gagliardi - 2011 - Competition and Change 15 (4):336-342.
    In the wake of the global financial crisis of 2008, the greatest economic disaster since the Great Depression, the cover story of the July 18th 2009 issue of The Economist, entitled “What went wrong with economics,” opened with an unequivocally incriminating statement: “Of all the economic bubbles that have been pricked, few have burst more spectacularly than the reputation of economics itself.” In the months surrounding this indictment, many influential economists, including several Nobel laureates, were drawn to the same embarrassing (...)
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  25. The philosophical foundations of TGT: Is mankind's destiny the essence of Keynes's evolutionary vision? Jesus - manuscript
    It is difficult to advance a point beyond what Keynes himself commented about his own vision in The General Theory of Employment, Interest and Money in 1936 (hereafter TGT) in its Chapter 24. It is also difficult to express a deeper thought than what Skidelsky wrote about Chapter 24 of TGT (cf. Skidelsky, 1997). The purpose of this article is to identify whether Chapter 24 of TGT is the gist of Keynes’s legacy, having set the foundations of macroeconomics in (...)
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  26. The philosophical foundations of Chapter 24 of TGT: Is mankind’s destiny the essence of Keynes’s evolutionary vision?Muñoz Jesús - manuscript
    It is difficult to advance a point beyond what Keynes himself commented about his own vision in The General Theory of Employment, Interest and Money in 1936 (hereafter TGT) in its Chapter 24. It is also difficult to express a deeper thought than what Skidelsky wrote about Chapter 24 of TGT (cf. Skidelsky, 1997). The purpose of this article is to identify whether Chapter 24 of TGT is the gist of Keynes’s legacy, having set the foundations of macroeconomics in (...)
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  27. Assessment of the impact of the COVID-19 pandemıc on economıc growth and ways to remove the economıc damages of the pandemıc.Elshan Mukhtarli & Tabriz Yadigarov - 2022 - Metafizika 5 (4):187-199.
    The coronavirus has affected almost all sectors of the economy. Some areas have suffered and declined, while others have developed and benefited from the pandemic. Due to the COVID-19 pandemic, economies around the world have experienced a downturn. The effects of the pandemic will undoubtedly reverberate around the world for decades to come. The global threat of the COVID-19 epidemic has greatly affected people, families, communities and businesses. Countries have begun implementing a wide range of measures both within and between (...)
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  28. Is Zanzibar Government Succeed in Achieving Good Governance Practices?Salum Mohammed Ahmed & Bing Wang - 2018 - International Journal of Academic Multidisciplinary Research (IJAMR) 2 (12):36-46.
    Abstract: Good governance practices is a cornerstone for a country’s sustainable development whether socially, economically, culturally, morally or spiritually and in both national and international astute. Mostly, the significance of good governance practices is objective for an individual country in respect of economic efficiency and growth. Good governance is conducive to macroeconomic stability, external viability and sustainable development [1]. While the concepts of “governance” and “good governance” are not “new” in development literatures, is still receiving a mounting attention in recent (...)
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  29. Newcomb dilemma in development management.Zsolt Ziegler - 2020 - Információs Társadalom 20 (4):8-18.
    Newcomb Dilemmas show a discrepancy between our rational reasoning—evidential and causal decision theory. In this paper, I provide three versions of the dilemma from the original highly technical and abstract one to two more mundane cases of it. I also account for the general schema of the dilemma possibly appearing in macroeconomic situations. Ahmed (2014) aims to provide a solution for macroeconomic cases that opens a room for forming a development management Newcomb Dilemma — an imaginary case of the electric (...)
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  30. State regulation of the national currency exchange rate by gold and foreign currency reserve management.Igor Britchenko & Vlasenko Evhenii - 2018 - Wydawnictwo Państwowej Wyższej Szkoły Zawodowej im. prof. Stanisława Tarnowskiego w Tarnobrzegu.
    Status of the national currency of Ukraine exchange rate has been characterized as unstable in recent years. Herewith, the Government has not implemented decisive measures on its stabilization, as a rule, underestimating the importance of the Hryvnia exchange rate stability for the successful economic growth in terms of socio-economic transformations. It should also be noted that in modern conditions among scientific and methodical approaches to the State exchange rate formation mechanisms some uncertainty regarding basic and additional tools for such regulatory (...)
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  31. Slaves of the defunct: the epistemic intractability of the Hayek–Keynes debate.Scott Scheall - 2015 - Journal of Economic Methodology (2):1-20.
    The present essay addresses the epistemic difficulties involved in achieving consensus with respect to the Hayek–Keynes debate. It is argued that the empirical implications of the relevant theories are such that, regardless of what is observed, both theories can be interpreted as true, or at least, as not falsified. The essay explicates the respects in which the empirical evidence underdetermines the choice between the relevant theories. In particular, it is argued both that there are convenient responses that protect each theory (...)
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  32. Interpretation LDMU (Law Diminishing Marginal Utility) on the Philosophy Asymmetry of Economic Materialism for Community Financial Stability.Pratama Angga - manuscript
    We know that technological developments will affect economic development which will have an impact on the level of public consumption. Law Diminishing Marginal Utility cause boredom which will comprehensively reduce one's purchasing power and interest in the commodities on the market. Capitalism and its development always try to encourage people's consumption continuously to the maximum point. Hedonism and consumerism cause financial imbalances which are a real threat to our society today. Law Diminishing Marginal Utility and followed by the application of (...)
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  33. Kỳ vọng Chính phủ mới: Tạo đột phá, đưa đất nước phát triển bền vững.Lê Kiên, Ngọc An & Lê Thanh - 2021 - Tuổi Trẻ Online.
    TTO (05/04/2021) - Hôm nay, theo dự kiến, tân Chủ tịch nước và tân Thủ tướng Chính phủ sẽ tuyên thệ nhậm chức. Rất nhiều gửi gắm đã được nêu ra với tân Thủ tướng và bộ máy Chính phủ, đó là phải tạo đột phá đưa đất nước phát triển nhanh hơn nhưng phải bền vững.
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  34. El mal, la macroeconomía y el nacionalsocialismo.Yankel Peralta García - 2022 - EN-CLAVES Del Pensamiento 1 (32).
    This paper tries to address the ethical question of Nazism from the point of view of social relations. That implies linking the fulfilment of the fascist ideology with its economic conditions. In this sense, the main proposal is to highlight that, crimes such as those committed by the Nazi regime, are not only possible based on a monstrous bureaucratic formation but also from a permissive dynamic of production and exchange. However, the relative autonomy that we can claim over the ideological (...)
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  35. [Book Review] Kinh tế Việt Nam: Thăng trầm và đột phá. [REVIEW]Hoai Nguyen, Toan Luu Duc Huynh & Anh Ngoc Quang Huynh - 2022 - Jabes 29 (2):86-90.
    [Book review] Kinh tế Việt Nam: Thăng trầm và đột phá Phạm Minh Chính and Vương Quân Hoàng National Political Publishing House 2nd edition Published in 2021 554pp. ISBN 978-604-57-6947-8.
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