Archive of papers

Neoliberalism, Strong State and Democracy (withdrawn)

The study serves to clarify the political content of neoliberalism, which is only vaguely outlined in the literature. Its thesis is that neoliberalism does not have a distinct or common economic theory, but rather a law-political agenda. Methodologically, the study …

Posted for review 7 Nov 2023

The Interpretation of Ownership: Insights from Original Institutional Economics, Pragmatist Social Psychology and Psychoanalysis

In this work we analyse the main interpretations of ownership in Original Institutional Economics (OIE) and their links with social psychology and psychoanalysis. We consider Thorstein Veblen’s notion of ownership as a relation of possession of persons, and John R.Commons’s …

Read the abstract and download the paper »
Posted for review 30 Apr 2021
Published

Read the comments »
3 comments

Unveiling the Systemic Nature of the Firm using a Grammar of Social Processes (withdrawn)

This paper proposes a meta-theoretical framework to explain all forms of economic coordination with a computational complexity approach, taking into consideration the contractual (or transaction costs-based), the competence-based and the relational views of the firm. A mathematical model of the …

Posted for review 22 Apr 2021

Relevance of Chaos and Strange Attractors in the Samuelson-Hicks Oscillator

In this paper, we look for the relevance of chaos in the well-known Hicks-Samuelson’s oscillator model investigating the endogenous fluctuations of the national income between two limits: full employment income and under-employment income. We compute the Lyapunov exponent, via Monte-Carlo …

Read the abstract and download the paper »
Posted for review 6 Nov 2020
Published in Economic Thought 10.1

Read the comments »
4 comments

The Realism of Islamic Economics: Abbas Mirakhor’s Methodological Structure of Islamic Economics (withdrawn)

This article aims to explore and elaborate on the structure of the Islamic Economic methodology offered by Abbas Mirakhor. For this reason, this study applies an intertectual approach to some of Abbas Mirakhor’s works which are closely related to the …

Posted for review 6 Oct 2020

On the Importance of Altruism, Prosocial Behaviour and Christian Love in Behavioural Economics Research

The article discusses the concepts of altruism and prosocial behaviour and their importance in interdisciplinary studies of behavioural economics. The basic theoretical models and concepts of altruism in Behavioural Economic are reviewed. Altruism is shown to be a hidden and …

Read the abstract and download the paper »
Posted for review 30 Sep 2020
Published

Read the comments »
6 comments

Plumbers, designers, or dentists? A triad of metaphors and how they reflect the current debate on the role and scope of economists in society and science (withdrawn)

The discussion on the role of economists is characterised by metaphors, which range from plumber to designer to dentist. This paper aims to clarify the meaning of these metaphors for applied economists. To this end, the source of theses metaphors, …

Posted for review 19 Aug 2020

The Challenge of Sustainable Development; From technocracy to democracy-oriented political economics

Mainstream neoclassical economics as well as heterodox schools should be regarded as different kinds of “political economics”. There is no value-free economics. We therefore need to bring democracy into economics. The present challenge of sustainable development suggests that a new …

Read the abstract and download the paper »
Posted for review 20 Mar 2020
Published in Economic Thought 10.1

Read the comments »
4 comments

Complexity, Power Laws and a Humean Argument in Risk Management: The fundamental Inadequacy of Probability Theory as a Foundation for Modeling Complex Risk in Banking (withdrawn)

Whenever risk managers are confronted with deep uncertainty and organized complexity, probabilistic inference methods are used. These seem able to allow for crisp inputs and precise results. However, as has been noted by several thinkers (e.g., Hayek, 1967; Weaver, 1948), …

Posted for review 12 Nov 2019

Consensus and Dissensus Among Economic Science Academics in Mexico

This paper reports results on consensus in economic opinions, scientific aspects of economics, as well as preferences and scientific activities, based on a survey applied to a defined population of economic science academics in Mexico. The results show that in …

Read the abstract and download the paper »
Posted for review 2 May 2019
Published

Read the comments »
6 comments

Mathematical Analysis as a Source of Mainstream Economic Ideology

The paper contends that neoclassical ideology stems, to a great extend, from mathematical analysis. It is suggested that mainstream economic thought can be comprehensively revisited if both histories of mathematical and economic thought are to be taken collaboratively into account. …

Read the abstract and download the paper »
Posted for review 13 Feb 2019
Published in Economic Thought 9.1

Read the comments »
6 comments

The Psychological Contributions of Pragmatism and of Original Institutional Economics and their Implications for Policy Action

The aim of this work is to illustrate the psychological contributions of Pragmatism and of the Original Institutional Economics (also referred to as OIE or institutionalism), and their relevance for improving the process of social valuing and then the effectiveness …

Read the abstract and download the paper »
Posted for review 13 Feb 2019
Published in Economic Thought 9.1

Read the comments »
4 comments