Macroeconomic Equilibrium Theory in the Context of Methodological Problems of Contemporary Economic Science

2008 ◽  
pp. 77-88
Author(s):  
M. Likhachev
Keyword(s):  
Empirical Analysis ◽  
Equilibrium States ◽  
Equilibrium Theory ◽  
Economic Systems ◽  
Economic Science ◽  
The Real ◽  
Theoretical Status ◽  
Methodological Problems ◽  
Real Stability

The article is devoted to the analysis of methodological problems in using the conception of macroeconomic equilibrium in contemporary economics. The author considers theoretical status and relevance of equilibrium conception and discusses different areas and limits of applicability of the equilibrium theory. Special attention is paid to different epistemological criteria for this theory taking into account both empirical analysis of the real stability of economic systems and the problem of unobservability of equilibrium states.

The Effect of Tax Holiday on Investment Decisions: Some Comments

1975 ◽  
Vol 14 (2) ◽  
pp. 245-248
Author(s):  
A. R. Kemal
Keyword(s):  
Empirical Analysis ◽  
Investment Decisions ◽  
Private Investment ◽  
Point Of View ◽  
Development Review ◽  
Interesting Article ◽  
Methodological Problems ◽  
Tax Holidays ◽  
Tax Holiday

In the Winter 1974 issue of the Pakistan Development Review, Messrs: Azhar and Sharif have published an article entitled "The Effects of Tax Holiday on Invest¬ment Decisions: An Empirical Analysis." It was an interesting article in a very useful area of research. Apart from other subsidies, tax holidays are granted to encourage investment generally, but in certain areas particularly. Thus a study -on tax holiday is important from the policy point of view as it helps decide whether to reintroduce the tax holiday policy which was abolished in 1972. Unfortunately, there are some conceptual and methodological problems in the study so that the results presented by Azhar and Sharif are rather suspect. However, before taking up these problems, let it be pointed out that the conclusions drawn by Azhar and Sharif regarding ineffectiveness of the tax holiday policy in encouraging private investment is not quite correct. Their study showed that 20 percent of firms would not have invested if they had not been granted tax holidays. A policy which en¬courages investment by 20 percent cannot be called ineffective. Before drawing any such conclusions, one is advised to look at the relative effectivenesses of different investment-promoting policies.

Institutions and development: the primacy of microanalysis

2011 ◽  
Vol 7 (4) ◽  
pp. 549-553 ◽  
Author(s):  
MWANGI S. KIMENYI
Keyword(s):  
Economic Development ◽  
Empirical Analysis ◽  
Institutional Arrangements ◽  
Development Theory ◽  
Policy Relevance ◽  
Microeconomic Analysis ◽  
Methodological Problems ◽  
Cross Country ◽  
Economic Development Theory ◽  
The Empirical Analysis

Abstract:In recent years, there have been major advances in the empirical analysis of the link between institutions and development. However, a number of methodological problems – both theoretical and empirical – remain unresolved and have been well articulated by Ha-Joon Chang in his article ‘Institutions and Economic Development: Theory, Policy and History’. These problems raise valid concerns about the policy relevance of the evidence arising from the studies. A more reliable approach to study the link between institutions and development and overcome the inherent problems of cross-country empirical analysis is to direct focus to microeconomic analysis of institutions. Such an approach avoids ideologically driven normative judgments about the superiority of particular institutional arrangements and also offers a more credible and tractable avenue to investigate institutional change.

The Theory of Social Relay by M.A. Rozov: Pathway for Understanding

2021 ◽  
pp. 146-160
Author(s):  
Nataliya I. Kuznetsova ◽  
Keyword(s):  
Philosophy Of Science ◽  
Empirical Analysis ◽  
Scientific Knowledge ◽  
New World ◽  
Social Memory ◽  
Bottom Line ◽  
Russian Philosopher ◽  
Methodological Problems ◽  
The Empirical Analysis ◽  
Goals And Objectives

The article analyzes the problems of modern epistemology in the context of pre­senting the views and philosophical heritage of the famous Russian philosopher Mikhail Alexandrovich Rozov. The relevance of the theory of social relay devel­oped by him and the corresponding “wave” ontology, especially in the period of thematic, terminological and substantial transformations of modern epistemo­logy, is shown. The author carry out the idea that without solving the ontological and methodological problems of the empirical analysis of scientific knowledge, it is impossible to correctly investigate knowledge. The article describes in detail the logic of Rozov’s reasoning, and also demonstrates the scale of M.A. Rozov on the reforming of epistemology and philosophy of science, on the formulation of an urgent agenda, problems, goals and objectives of the study of knowledge. The bottom line is that understanding semiotic objects (scientific knowledge) as phenomena of social memory, which are reproduced according to direct or indi­rect (verbalized) patterns, opens a new world of social relay races. The broad ap­plicability of Rozov’s theory in various empirical contexts is demonstrated, which allows discussing both traditional and modern philosophical and method­ological problems of the natural and socio-humanitarian sciences, as well as in epistemology and philosophy of science.

Theory of institutional and economic disfunctions in the Russian school: Retrospective and prospective views

2021 ◽  
Vol 16 (1) ◽  
pp. 19-38
Author(s):  
Oleg Sergeevich Sukharev ◽  
Keyword(s):  
Economic Systems ◽  
Economic Science ◽  
Modern Theory ◽  
Institutional Effects ◽  
Institutional Economic ◽  
Functional Potential ◽  
Management Recommendations ◽  
Lock In ◽  
Institutional Efficiency

The article challenges the stereotype which underestimates the accomplishments of the national scientists which generate and develop the current institutional and economic dysfunction theory and provide the pragmatic opportunities for the dysfunction theory. The research aims to consider the contribution of the modern Russian institutional economic school into generating and developing the institutional effects theory with the focus on its tool segment - the theory of economic and institutional dysfunctions. Methodologically, the article is based on the economic theory of institutions, provisions of the modern theory of institutional effects, including the institution dysfunctions, management theories for the economic systems of different complexity levels, as well as the comparative analysis, elements of mathematical modeling, and solutions of the differential equations. Tool capabilities of the dysfunction theory are illustrated for the developing of management recommendations, a measurement device is created to identify a dysfunction and to apply it in order to access the quality of the institutions and economic systems, the possibilities for applying the dysfunctions in the institutional modeling are defined. To do this, a function equation for the financial support of the institution is obtained to examine the connections between the institution monetization, the quality of their functions and their dysfunctions. The differences between the lock-in and dysfunction effects which characterize their connections with the categories, including stability, efficiency/inefficiency, institutions’ quality, are specified, and a dysfunction is defined as a dynamically changing condition, while lock-in can be static. The article points out the key prospective developments of the institutional and economic dysfunction theories: 1) better tools for measuring the dysfunctions; 2) evaluation of the institutional efficiency and functional potential of the institutions, as well as the quality of the institutions and economic systems; 3) dysfunction modeling, including at the level of its connection with the macroeconomic parameters. Further research into the Russian institutional school of the economic science is seen in the development of the dysfunction theory and its methodological tools for its application to analyze different socio-economic phenomena.

scholarly journals The “Mystery” of Innovation: Bridging the Economic and Business Thinking and the Stra.Tech.Man Approach

2019 ◽  
Vol 9 (1) ◽  
pp. 236
Author(s):  
Charalambos Vlados ◽  
Fotios Katimertzopoulos
Keyword(s):  
Technology Management ◽  
Organizational Theory ◽  
Evolutionary Approach ◽  
Economic Systems ◽  
Economic Science ◽  
Organic Evolution ◽  
Physiological Structure ◽  
Modern Economic ◽  
The Way

This study examines the concept of Innovation from two different conceptual and theoretical prisms: the science of economics and the theoretical tradition of entrepreneurship and organizational theory which both offer a remarkable distance in the way in which innovation is perceived. This study supports the notion that, by pointing a theoretical focus based on a co-evolutionary approach, centered on the "evolutionary heart" of the capitalist business, modern economic science and business thinking will gain from bridging the study of the innovative phenomenon with analytical fertility. To achieve this, the physiological structure and organic evolution of Strategy-Technology-Management (Stra.Tech.Man) synthesis of business becomes the center of attention, perceiving ultimately the firm as an active actor and even as a major structural co-creator of the sectors of industries and the socio-economic systems which is hosted in.

scholarly journals LA FORMALIZZAZIONE MATEMATICA NELLE TEORIE ECONOMICHE: PROBLEMI E PROSPETTIVE

2013 ◽  
pp. 73-89
Author(s):  
Giovanni Marseguerra
Keyword(s):  
Economic Theory ◽  
Social Science ◽  
Quantitative Approach ◽  
Peculiar Feature ◽  
Economic Science ◽  
Real Economy ◽  
The Real ◽  
Mathematical Formalization ◽  
Development Of Economic Theory

Riassunto. – All’interno della comunità degli economisti sembra essere oggi presente un crescente disagio e un diffuso malcontento relativamente alle capacità della modellistica neoclassica di comprendere e spiegare i fenomeni economici. La relazione intende esaminare criticamente il contributo della formalizzazione matematica nelle teorie economiche, mettendo in evidenza sia punti di forza di un tale approccio sia le debolezze insite in un’analisi che rischia spesso di privilegiare la bellezza dello strumento rispetto all’oggetto di studio. Si considerano poi alcune delle moderne prospettive per l’indagine economica offerte dalla modellistica basata sulla simulazione a computer che consente di tener conto della complessità della realtà in misura maggiore di un approccio puramente analitico. Viene infine evidenziata l’importanza di garantire la coesistenza di una pluralità di scuole di pensiero in economia e si esaminano altresì le difficoltà per la valutazione della ricerca provocate dall’esistenza di un paradigma dominante. Nelle conclusioni viene enfatizzata la necessità di considerare l’economia come una vera scienza sociale.***Abstract. – There is today a widespread discontent within the international economists’ community as far as the capacity of the dominant neoclassical paradigm both to enhance our knowledge of economic phenomena and increase our capacity of governing the real economy. Somehow surprisingly, the lack of explicative relevance of the theory went almost hand in hand with the massive use of mathematics to formalize the theory. In order to investigate this peculiar feature of the evolution of economic science, this paper examines the contribution of mathematical formalization to the development of economic theory in the last sixty years pointing out both weaknesses as well as merits of a quantitative approach to economics. Finally, the need to consider economics as a truly social science si strongly emphasized.

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