New Book: Economics and Other Disciplines – Assessing New Economic Currents

By Ricardo F. Crespo. From Routledge: During the second half of the twentieth century, economics exported its logic – utility maximization – to the analysis of several human activities or realities: a tendency that has been called “economic imperialism”. This book explores the concept termed by John Davis as “reverse imperialism”, whereby economics has been … More New Book: Economics and Other Disciplines – Assessing New Economic Currents

New Working Paper by Katherine Moos: The Transvaluation of the Theory of Economic Policy-The Lucas Critique Reconsidered

From the abstract: This paper entertains two distinct hypotheses about the meaning and effect of the Lucas critique. The first is that the Lucas critique represents advancement in the theory of economic policy. To accept this interpretation, we will have to find evidence that the Lucas critique is empirically valid, ontologically rigorous, and theoretically sound. … More New Working Paper by Katherine Moos: The Transvaluation of the Theory of Economic Policy-The Lucas Critique Reconsidered