Open Access. Powered by Scholars. Published by Universities.®

Macroeconomics Commons

Open Access. Powered by Scholars. Published by Universities.®

Articles 1 - 12 of 12

Full-Text Articles in Macroeconomics

Reconstruction Of Concept Of Paradigm In Thomas S. Kuhn, Fernando Estrada Mar 2010

Reconstruction Of Concept Of Paradigm In Thomas S. Kuhn, Fernando Estrada

Fernando Estrada

This article aims to discuss an evaluation of the concept of paradigm of T. Kuhn in his representative work: The Structure of Scientific Revolutions ERC, [Ku96] and the complementary version by W. Stegmüller, Structure and dynamics of theories EDT, [Steg83]. This refined interpretation of the concept of paradigm allows for a more complete set of central Kuhnian concept.


Antinomies Of Capitalism (Review Of Globalization Its Discontents Joseph Stiglitz, Fernando Estrada Feb 2010

Antinomies Of Capitalism (Review Of Globalization Its Discontents Joseph Stiglitz, Fernando Estrada

Fernando Estrada

We present the central arguments of the critics on the limits and scope of globalization on the work


The Leviathan Of Thomas Hobbes, Fernando Estrada Feb 2010

The Leviathan Of Thomas Hobbes, Fernando Estrada

Fernando Estrada

This interpretation of the Leviathan of Thomas Hobbes line of work includes a project from Concept of the Political by Carl Schmitt. It offers a reading from modern political theory as opposed to rational version of the book of Hobbes. The Leviathan from mythological nature preserves from the Biblical and Talmudic tradition, which opens an understanding of the modern State from the medieval stories. Hobbes is one of the first theorists that paves the way for liberalism, but disputed that his work reflects not strictly liberal thought, but the problems of political power during the Monarchies


The Effects Of Labour Market Performance On Financial System Stability, Tomasz Daras, Joanna Tyrowicz Jan 2010

The Effects Of Labour Market Performance On Financial System Stability, Tomasz Daras, Joanna Tyrowicz

Joanna Tyrowicz

Crisis may spread through economy via the propagating mechanisms of the labour market - households becoming delinquent due to initial unemployment shock may be unable to continue servicing obligations versus the financial system. With large volume debts - e.g. mortgages - such defaults pose a threat to financial system stability. In this paper we use the Polish household budgets survey to simulate the impact of changes in the labour market status of household members on the ability of the household to service its mortgage payments. The simulation results are subsequently aggregated to facilitate macro-level interpretation of the findings. We simulate various scenarios ...


Do We Really Need To Start From Scratch?, Michal Gradzewicz, Krzysztof Makarski, Joanna Tyrowicz Jan 2010

Do We Really Need To Start From Scratch?, Michal Gradzewicz, Krzysztof Makarski, Joanna Tyrowicz

Joanna Tyrowicz

This paper presents views and believes of the authors on the relevance of the current economic theory for the understanding of the complex world we live in. Has the crisis indeed demonstrated that as profession we are misled by the beauty of the mathematical models and the only useful, workable solutions at hand were provided in early 1930s? The purpose of this paper is to provide a review of the current state-of-the-art literature from the perspective of its usefulness in the context of economic crises. We argue that although we might be unable to answer many questions or to “predict ...


Paul A. Samuelson (1915 - 2009): Memories Of Friedrich Von Hayek (1899 - 1992) Spanish Translation: Fernando Estrada And Andrea Trujillo, Fernando Estrada Jan 2010

Paul A. Samuelson (1915 - 2009): Memories Of Friedrich Von Hayek (1899 - 1992) Spanish Translation: Fernando Estrada And Andrea Trujillo, Fernando Estrada

Fernando Estrada

In this report Professor Samuelson staff prepares a tour of the work and thought of highlighting the contributions of Hayek Austrian economist and showing the world within which they took power broadly two contradictory paradigms of economic thought. This testimony intellectual frontline is extraordinary, given the recent death of Professor Samuelson


Financial Theory Has A Paradigm A La Kuhn?, Fernando Estrada Jan 2010

Financial Theory Has A Paradigm A La Kuhn?, Fernando Estrada

Fernando Estrada

This article aims to discuss two issues relatively linked. The first is an evaluation of the concept of paradigm of T. Kuhn in his representative work: The Structure of Scientific Revolutions ERC, [Ku96] and the complementary version by W. Stegmüller, Structure and dynamics of theories EDT, [Steg83]. This refined interpretation of the concept of paradigm allows for a more complete set of central Kuhnian concept. The second objective is to analyze the scope of the Kuhnian concept of models to evaluate financial explanation. Is explored preliminarily proposed fractal models / multifractal (F / M) of Mandelbrot [Mand97, 82, 02, 05]. This second ...


Exogenous Coalition Formation In The E-Marketplace Based On Geographical Proximity, Tomasz Michalak, Joanna Tyrowicz, Peter Mcburney, Michael Wooldridge Jan 2009

Exogenous Coalition Formation In The E-Marketplace Based On Geographical Proximity, Tomasz Michalak, Joanna Tyrowicz, Peter Mcburney, Michael Wooldridge

Joanna Tyrowicz

This paper considers a model for exogenous coalition formation in e-marketplaces. Using its informational advantage, an e-retailer creates coalitions of customers based on geographical proximity. Most of the literature regards this process as endogenous: a coalition leader among the buyers bundles eventual purchases together in order to obtain a better bargaining position. In contrast – and in response to what is typically observed in business practice – we analyse a situation in which an existing e-retailer exogenously forms customers’ coalitions. Results of this study are highly encouraging. Namely, we demonstrate that even under highly imperfect warehouse management schemes leading to contagion effects ...


Civil War And Political Contractualism Incomplete (Guerra Civil Y Contractualismo Político Incompleto) Spanish, Fernando Estrada Jan 2008

Civil War And Political Contractualism Incomplete (Guerra Civil Y Contractualismo Político Incompleto) Spanish, Fernando Estrada

Fernando Estrada

This chapter presents an interpretation of armed conflict in Colombia since reading "negative" of the Coase theorem. The relations of the civil war with limited conditions of policy and constitutional order, offer advantages to agents in a society threatened violent.


Optimality And Synchronicity - Where Do We Stand? Oca Theory And Its Empirical Application For Emu, Joanna Tyrowicz Jan 2007

Optimality And Synchronicity - Where Do We Stand? Oca Theory And Its Empirical Application For Emu, Joanna Tyrowicz

Joanna Tyrowicz

Should Poland join EMU? The answer to this question has already been determined by both economists and politicians - by joining EU Poland has agreed to eventually join EMU, which barely any serious economists find to be harmful to our economy. However, the moment of joining the currency union has not been determined and its choice is largely left to the decision of Polish policy makers. Obviously, there are some costs to entering the currency union, as well as some benefits. However, since both the process of accessing and the very participation in the EMU are dynamic in nature, the path ...


The Jacksonians, Banking, And Economic Theory: A Reinterpretation, Jeffrey Rogers Hummel Jul 1978

The Jacksonians, Banking, And Economic Theory: A Reinterpretation, Jeffrey Rogers Hummel

Faculty Publications

No abstract provided.


The Jacksonians, Banking, And Economic Theory: A Reinterpretation, Jeffrey Rogers Hummel Dec 1977

The Jacksonians, Banking, And Economic Theory: A Reinterpretation, Jeffrey Rogers Hummel

Jeffrey Rogers Hummel

No abstract provided.