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Multiple-self models in neuroeconomics A methodological critique
Multiple-self rationality as if functional localization robustness
2014/6/23
The idea of multiple-self models in economics is that individual identity is the equilibrium result of the strategic interaction between sub-personal selves. These models fill the gap o...
Rothbard on Fractional Reserve Banking: A Critique
idea fractional-reserve banking Murray Rothbard Rothbard's theory free markets
2011/9/24
In this article the author argues that the idea that fractional-reserve banking is fraudulent, espoused by Murray Rothbard in his book "The Case for a 100 Percent Gold Dollar," is flawed. In the autho...
Investor Protection and Judicial Enforcement of Disclosure Regime in Bangladesh: A Critique
enforcement institutions securities litigation judicial enforcement
2011/9/12
Abstract The effectiveness of any law largely depends on the clarity of legal provisions and the activity of their enforcement institutions. Securities law, which is inherently complex, must be unambi...
Assessing the Lucas Critique in Monetary Policy Models
deep parameters Parameter stability Taylor rule
2011/8/21
Empirical estimates of monetary policy rules suggest that the behavior of U.S. monetary policymakers changed during the past few decades. However, for that same time period, statistical analyses of la...
Tyler Cowen on Austrian Business Cycle Theory: A Critique
Austrian Business Cycle Theory: Critique
2009/7/23
Cowen (1997) criticizes Austrian Business Cycle Theory (ABCT) on eight
grounds: 1. systematic errors; 2. inflation volatility; 3. confusion of inflation and savings;
4. confusion of inflation and in...
Entrepreneurship, Externalities and Development: An Austrian Critique of the Hausmann-Rodrik New Argument for Industrial Policy
Entrepreneurship Externalities Development
2009/7/23
The information externality in entrepreneurship theory argues that the social
benefits arising from entrepreneurial actions are greater than the private gains.
Entrepreneurs who discover profit oppo...
This paper analyzes Rothbard’s welfare theory. It differs from other critiques
of the theory in that it does not analyze the context of the theory but only
its coherency and consistency with the res...
Monetary Reform and Deflation - A Critique of Mises, Rothbard, Huerta de Soto and Sennholz
Monetary Reform Rothbard Sennholz
2009/7/23
In this paper I will analyze the reform plans proposed by Ludwig von Mises,
Murray N. Rothbard, Jesús Huerta de Soto, and Hans Sennholz. Though their contributions
to monetary reform are significant...