Parametric Line and Curve Theory

2018 ◽  
pp. 93-146
Author(s):  
Dugan Um
Keyword(s):  
2019 ◽  
Vol 10 (2) ◽  
pp. 148-166
Author(s):  
Syaza Shukri

Since 2014, Turkey has been moving towards a heightened sense of nationalism and populism especially after Recep Tayyip Erdogan became the first popularly elected President of Turkey in 2017. His nationalist rhetoric went up compared to when he became Prime Minister over a decade ago when the country was touted as a model of liberalism among Muslim countries. Rather than putting a damper on the party, government, or Erdogan himself, his conservative rhetoric has helped consolidate the government’s power, showcasing the shift in strategy by the Adalet ve Kalkınma Partisi (AKP) during uncertain times. This article borrows from behavioural psychology the concept of the learning curve theory or the S-curve theory to examine this shift in AKP strategy. It is argued that after reaching a political peak with the Gezi Park protest in the summer of 2013, Erdogan is employing a different rhetorical approach—a populist one—to gain more political traction.


2018 ◽  
Vol 6 (4) ◽  
pp. 473-492 ◽  
Author(s):  
Thomas Palley

Economic theory is prone to hysteresis. Once an idea is adopted, it is difficult to change. In the 1970s, the economics profession abandoned the Keynesian Phillips curve and adopted Milton Friedman's natural rate of unemployment (NRU) hypothesis. The shift was facilitated by a series of lucky breaks. Despite much evidence against the NRU, and much evidence and theoretical argument supportive of the Keynesian Phillips curve, the NRU hypothesis remains ascendant. The hypothesis has had an enormous impact on macroeconomic theory and policy. 2018 is the 50th anniversary of Friedman's introduction of the NRU hypothesis. The anniversary offers an opportunity to challenge rather than celebrate it.


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