Holistic Theory of Economic Equilibrium: Modified Cassel–Wald Model

2018 ◽  
Vol 98 (2) ◽  
pp. 537-539
Author(s):  
V. K. Gorbunov
2009 ◽  
Vol 55 (No. 11) ◽  
pp. 541-549 ◽  
Author(s):  
L. Čechura

The paper deals with the theoretical analysis of the impact of credit rationing on farmer’s economic equilibrium. The analysis is carried out based on the derived dynamic optimization model, which is the dynamic investment model with adjustment costs. The credit rationing is introduced by imposing an upper limit on the control variable, which is in this case represented by the investment spending. Then, the optimal control is used to solve the optimization problem in the situation of both with and without credit constraints. Finally, the situations without and with credit rationing are compared. The results show that the occurrence of credit rationing or in general financial constraints significantly determines the capital accumulation and investment decisions of farmers and as a result their supply functions.


2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Brigitte Falkenburg

Abstract The paper presents a detailed interpretation of Edgar Wind’s Experiment and Metaphysics (1934), a unique work on the philosophy of physics which broke with the Neo-Kantian tradition under the influence of American pragmatism. Taking up Cassirer’s interpretation of physics, Wind develops a holistic theory of the experiment and a constructivist account of empirical facts. Based on the concept of embodiment which plays a key role in Wind’s later writings on art history, he argues, however, that the outcomes of measurements are contingent. He then proposes an anti-Kantian conception of a metaphysics of nature. For him, nature is an unknown totality which manifests itself in discrepancies between theories and experiment, and hence the theory formation of physics can increasingly approximate the structure of nature. It is shown that this view is ambiguous between a transcendental, metaphysical realism in Kant’s sense and an internal realism in Putnam’s sense. Wind’s central claim is that twentieth century physics offers new options for resolving Kant’s cosmological antinomies. In particular, he connected quantum indeterminism with the possibility of human freedom, a connection that Cassirer sharply opposed.


1993 ◽  
Vol 60 (2) ◽  
pp. 519
Author(s):  
Ted Jaditz ◽  
Jess Benhabib
Keyword(s):  

1982 ◽  
Vol 15 (1) ◽  
pp. 1-2
Author(s):  
Anthony L. Vanek

Sign in / Sign up

Export Citation Format

Share Document