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Critical comparison of several order-book models for stock-market fluctuations
order-book models stock-market fluctuations
2010/12/13
Far-from-equilibrium models of interacting particles in one dimension are used as a basis for modelling the stock-market fluctuations. Particle types and their positions are interpreted as buy and sel...
AUSTRIAN ECONOMICS AND VALUE JUDGEMENTS: A CRITICAL COMPARISON WITH NEOCLASSICAL ECONOMICS
AUSTRIAN ECONOMICS VALUE JUDGEMENTS A CRITICAL COMPARISON NEOCLASSICAL ECONOMICS
2014/6/25
The article points out the limits of Austrian economics in so far as the passage from positive to normative economics is concerned. We propose a comparison with neoclassical economics and discuss the ...