scholarly journals La Economía del Estado Estacionario: ¿El único camino hacia un futuro sostenible?

2010 ◽  
Vol 27 (46) ◽  
pp. 71
Author(s):  
Christian Kerschner
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Sustainable Development ◽  
Natural Capital ◽  
Classical Mechanics ◽  
Weak Sense ◽  
Neoclassical Economic ◽  
A Value ◽  
Neoclassical Economic Theory ◽  
Value Concept

Los economistas ecológicos (p.ej.: Herman Daly) dicen que el desarrollo sostenible solo puede alcanzarse mediante un drástico cambio en nuestro sistema económico basado en el crecimiento. El crecimiento  económico  continuo siendo éste el objetivo de cualquier gobierno, es inherentemente incompatible con el desarrollo sostenible, a menos que el desarrollo sostenible sea definido de forma débil; es decir aceptando sustituibilidad entre capital producido por el hombre y capital natural. Esto ya se lleva actualmente a cabo por la teoría económica neoclásica, las raíces de la cual se encuentran en el concepto del valor, análogo al principio de conservación de la mecánica clásica. Algunos autores esgrimen que es este concepto del valor, combinado con la panacea del progreso tecnológico, lo que permite a la  teoría económica neoclásica creer en un crecimiento económico ilimitado.ABSTRACTEcological Economists (e.g.: Herman Daly) claim that sustainable development can only be achieved by drastically changing our growth based economic system. Continuous economic growth, which is the goal of every government, is inherently incompatible with sustainable development, unless sustainable development is defined in a weak sense; that is as accepting substitutability between human made and natural capital. This is currently done by neoclassical economic theory, the roots of which are based on a value concept, analogous with the conservation principle of classical mechanics. Some authors argue that it is this value concept combined with the panacea of technological progress, which allows neoclassical economic theory to believe in unlimited economic growth.

scholarly journals Dimensional Analysis in Economics: A Study of the Neoclassical Economic Growth Model

2019 ◽  
Vol 32 (2) ◽  
pp. 123-144 ◽  
Author(s):  
Miguel Alvarez Texocotitla ◽  
M. David Alvarez-Hernández ◽  
Shaní Eneida Alvarez-Hernández
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Dimensional Analysis ◽  
Growth Model ◽  
Neoclassical Economic ◽  
Basic Principles ◽  
Economic Growth Model ◽  
Research Article ◽  
Neoclassical Economic Theory ◽  
Dimensional Homogeneity

The fundamental purpose of the present research article is to introduce the basic principles of dimensional analysis in the context of the neoclassical economic theory, in order to apply such principles to the fundamental relations that underlay most models of economic growth. In particular, basic instruments from dimensional analysis are used to evaluate the analytical consistency of the neoclassical economic growth model. The analysis shows that an adjustment to the model is required in such a way that the principle of dimensional homogeneity is satisfied. JEL: A12, C02, C65, O40

IRVING FISHER AND THE MECHANISTIC CHARACTER OF TWENTIETH CENTURY ACCOUNTING THOUGHT

1995 ◽  
Vol 22 (2) ◽  
pp. 43-83 ◽  
Author(s):  
Tom Mouck
Keyword(s):  
Economic Theory ◽  
Twentieth Century ◽  
World View ◽  
Neoclassical Economic ◽  
Neoclassical Economics ◽  
Newtonian Mechanics ◽  
Neoclassical Economic Theory

This paper provides an overview of the influence of Newtonian mechanics on the development of neoclassical economic theory and highlights Fisher's role in the popularization of the resulting mechanical conception of economics. The paper also portrays Fisher's The Nature of Capital and Income — a work which has been aptly characterized as the “first economic theory of accounting” — as the first move toward the colonization of accounting by economics. The result of Fisher's influence has been a paradigmatic linkage between the Newtonian world view of science, neoclassical economics, and mainstream academic accounting thought. The picture that emerges from this linkage is then used as a backdrop against which the emerging challenges to economics-based accounting thought are highlighted.

The Emerging Standard Neurobiological Model of Decision Making

2018 ◽  
Author(s):  
Shih-Wei Wu ◽  
Paul W. Glimcher
Keyword(s):  
Decision Making ◽  
Economic Theory ◽  
Neural Activity ◽  
First Century ◽  
The Other ◽  
Neoclassical Economic ◽  
Internal Representations ◽  
Neurobiological Model ◽  
Neoclassical Economic Theory ◽  
The Brain

The standard neurobiological model of decision making has evolved, since the turn of the twenty-first century, from a confluence of economic, psychological, and neurosci- entific studies of how humans make choices. Two fundamental insights have guided the development of this model during this period, one drawn from economics and the other from neuroscience. The first derives from neoclassical economic theory, which unambiguously demonstrated that logically consistent choosers behave “as if” they had some internal, continuous, and monotonic representation of the values of any choice objects under consideration. The second insight derives from neurobiological studies suggesting that the brain can both represent, in patterns of local neural activity, and compare, by a process of interneuronal competition, internal representations of value associated with different choices.

A Set of Axioms for Neoclassical Economics and the Methodological Status of the Equilibrium Concept

1992 ◽  
Vol 8 (1) ◽  
pp. 51-82 ◽  
Author(s):  
Arnis Vilks
Keyword(s):  
Economic Theory ◽  
General Equilibrium ◽  
Neoclassical Economic ◽  
Neoclassical Economics ◽  
Equilibrium Concept ◽  
Equilibrium Existence ◽  
Existence Proofs ◽  
Neoclassical Economic Theory ◽  
Methodological Status

It is widely agreed that the concept of general equilibrium and, in particular, general equilibrium existence proofs play a central role within the neoclassical approach to economic theory. There is much less agreement, however, on the concepts of general equilibrium and of neoclassical economic theory themselves.

Shall I Compare Thee to a Minkowski-Ricardo-Leontief-Metzler Matrix of the Mosak-Hicks Type?: Or, Rhetoric, Mathematics, and the Nature of Neoclassical Economic Theory

1987 ◽  
Vol 3 (1) ◽  
pp. 67-95 ◽  
Author(s):  
Philip Mirowski
Keyword(s):  
Economic Theory ◽  
Differential Calculus ◽  
Neoclassical Economic ◽  
Real Analysis ◽  
The Past ◽  
And Topology ◽  
Neoclassical Economic Theory ◽  
Six Elements ◽  
Metzler Matrix

Is rhetoric just a new and trendy way to épater les bourgeois? Unfortunately, I think that the newfound interest of some economists in rhetoric, and particularly Donald McCloskey in his new book and subsequent responses to critics (McCloskey, 1985a, 1985b), gives that impression. After economists have worked so hard for the past five decades to learn their sums, differential calculus, real analysis, and topology, it is a fair bet that one could easily hector them about their woeful ignorance of the conjugation of Latin verbs or Aristotle's Six Elements of Tragedy. Moreover, it has certainly become an academic cliché that economists write as gracefully and felicitously as a hundred monkeys chained to broken typewriters. The fact that economists still trot out Keynes's prose in their defense is itself an index of the inarticulate desperation of an inarticulate profession.

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