✕
REDEFINAMOS
LA ECONOMIA
REDEFINAMOS
LA ECONOMIA
… y recibirás contenido personalizado
según tus intereses en tu bandeja de entrada

Austrian Epistemics

Austrian Epistemics
Roger Koppl and Solomon Stein
Mercatus Center: F. A. Hayek Program, GMU, 2018
Grado: adelantado
Perspectivas: Escuela Austriaca, Economía de la complejidad, Economía evolutiva
Topic: Otro
Format: Podcast
Duración: 01:37:00
Enlace: https://ppe.mercatus.org/podcasts/01112018/austrian-epistemics-roger-koppl-and-solomon-stein

On this episode of the Hayek Program Podcast, Professor Roger Koppl talks with Hayek Program Research Fellow Solomon Stein about his research on experts, evolution, and the dynamics of epistemics, his career, and in what future direction(s) he thinks Austrian economics will go.

Comment from our editor team:

Highly informative for anyone interested in the social construction of knowledge and how that plays out in economics. Also presents an example of highly interdisciplinary work that Roger Koppl is engaged in.

Go to: Austrian Epistemics

Tags: anonimity | complexity | DSGE (dynamic stochastic general equilibrium) model | epistemology | expectations | interpretive turn | macroeconomics | monopoly
Based on a critique on econometric and DSGE models (in particular in the context of the financial crisis), Doyne Farmer presents his current research programme that aims at building an agent-based model of the financial and economic crisis. It models heterogeneous agents and from there simulates the economy, firstly for the housing market. The interview gives a short insight in the research programme. 2011 Level: debutante Macroeconomics From the Bottom Up Doyne Farmer INET Modern authors have identified a variety of striking economic patterns, most importantly those involving the distribution of incomes and profit rates. In recent times, the econophysics literature has demonstrated that bottom incomes follow an exponential distribution, top incomes follow a Pareto, profit rates display a tent-shaped distribution. This paper is concerned with the theory underlying various explanations of these phenomena. Traditional econophysics relies on energy-conserving “particle collision” models in which simulation is often used to derive a stationary distribution. Those in the Jaynesian tradition rely on entropy maximization, subject to certain constraints, to infer the final distribution. This paper argues that economic phenomena should be derived as results of explicit economic processes. For instance, the entry and exit process motivated by supply decisions of firms underlies the drift-diffusion form of wage, interest and profit rates arbitrage. These processes give rise to stationary distributions that turn out to be also entropy maximizing. In arbitrage approach, entropy maximization is a result. In the Jaynesian approaches, entropy maximization is the means. 2019 Level: adelantado The Econ in Econophysics Anwar Shaikh New School for Social Research, Department of Economics Mark Carney explains how we have come to esteem financial value over human value and how we have gone from market economies to market societies, how economic theory foundation affect the society as a whole, how we understand our world today and ultimately how this affects our lives. 2020 Level: debutante How We Get What We Value Mark Carney BBC Il est observé depuis plusieurs années, et depuis le passage à l'euro en particulier, que la perception de l'inflation par les citoyens diffère de l'inflation mesurée par les statisticiens de l'INSEE. Cet article explique comment l'indicateur de l'inflation est construit et met en lumière les choix méthodologiques, nécessaires mais non-neutres, qui le sous-tend. 2021 Level: adelantado Derrières les chiffres de l'inflation. Mesures et controverses. Florence Jany-Catrice La Vie des Idées

Donar

Este proyecto es presentado por la Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V.) y socios internacionales.  Está comprometida con la diversidad y la independencia y depende de las donaciones de personas como tú. Donaciones regulares o puntuales serán muy apreciadas!

 

Donar