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Towards a Political-Economic Theory of Domestic Debt
Political-Economic Theory Domestic Debt
2015/9/18
There is a large literature on why countries choose to issue debt rather than financing expenditures by current taxation. If Ricardian Equivalence holds and taxes are non-distortionary,then it doesn’t...
Economic Theory, Model Size, and Model Purpose.
The Relationship of Economic Theory to Experiments:Treatment driven Experiments
Relationship of Economic Theory Treatment driven Experiments
2015/7/23
When I interact with colleagues and friends who are venturing into experimental economics, either as they prepare for their own experiment, or aim for a critical view of experiments run by others, I o...
Inverse Thinking in Economic Theory: A Radical Approach to Economic Thinking
Inverse Thinking in Economic Theory Radical Approach Economic Thinking
2012/9/14
T he seriousness of the curre nt crisis urgently demands new ec onomic thinking that breaks the austerity vs .deficit spending circle in economic policy. The core tenet of the paper is that th...
Rethinking Environmental Economics: Missing Links Between Economic Theory and Environmental Policy
environmental economics economic theory environmental policy
2011/10/23
The article presents a reassessment of environmental economics, through a discussion on the missing links between economic theory and environmental policy. In general, economic theory provides the bas...
The 10th Annual Meeting of the Association for Public Economic Theory
Association Public Economic Theory
2009/7/17
The 10th Annual Meeting of the Association for Public Economic Theory.
Kyoto School of Modern Economic Theory
Kyoto economics General equilibrium theory Power theory
2009/5/7
In this article, the contributions of three economists, Takata Yasuma, Shibata Kei, and Aoyama Hideo who taught at the Kyoto University are discussed from the point of view of the development of the g...
A Formal Economic Theory for Happiness Studies: A Solution to the Happiness-Income Puzzle
Economics of Happiness Happiness-Income Puzzle Reference Group Theory Pareto Optimality
2010/7/2
This paper develops a formal economic theory that is mainly proposed to explain and study the Easterlin paradox — a puzzle at the heart of our lives: average happiness levels do not increase as countr...