The economic problem of a community: ontological reflections inspired by the Socialist Calculation Debate

Lourenço, Diogo; Moura, Mário da Graça

doi:10.1093/cje/bex041

Cited by 7 publications

(1 citation statement)

References 30 publications

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“…We illustrate the point made in the section on individual agency above. A bread-and-butter connection that economists gloss over is the following (Lourenço and Moura, 2017): Sets of technological blueprints are the concern of engineers. They enter the field of economics only when agents become aware of them and find it worth their while to apply them.…”

Section: Innovationmentioning

confidence: 99%

Some Cultural Foundations of Financial Macroeconomics

Correa¹,

Correa²

2021

JBAFP

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Mainstream economists concede that finance tests the deductive powers of the microfoundations model. Accordingly, we attempt to derive a structural model inductively through use of empirical studies and history. Culture is the means by which a task is set about. The term consists of the following elements. The unit of analysis is groups or classes as found in National Income accounts. The connection between them does not consist of substitution effects or conflict but complementarities and cooperation. Secondly, the economy is defined as the inseparable composite of the fiscal and the monetary authorities and the components of the private sector. Finally, finance eases the flow of production and consumption and investment. However, banks are beset with problems of asymmetric information and runs. Additionally, market finance is prone to bubbles and crashes. Elements of culture are required to hold fast during the interactions between the financial and the real world.

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Section: Innovationmentioning

confidence: 99%

Some Cultural Foundations of Financial Macroeconomics

Correa¹,

Correa²

2021

JBAFP

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Spectres of Mises: controversial methodological claims reassessed

Lourenço,

Graça Moura

2024

Journal of Economic Methodology

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Tony Lawson and the history of economic thought

Lourenço

Moura

2020

Cambridge Journal of Economics

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Tony Lawson’s writings, including those in the history of economics, have an ontological orientation. Several scholars influenced by him likewise practice an ontologically oriented history of economic thought. However, the programme for this sort of history has not been explicitly articulated. In the present paper, we argue that Lawson’s The nature of heterodox economics contains implicitly an ontologically oriented programme in the history of economic thought. We also illustrate the achievements of this programme by reviewing the writings on the later Austrians by Lawson and his associates. Finally, we assess the programme and its achievements in the light of Lawson’s comments on the importance of doing social-scientific ontology and doing history of economic thought.

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The economic problem of a community: ontological reflections inspired by the Socialist Calculation Debate

Cited by 7 publications

References 30 publications

Some Cultural Foundations of Financial Macroeconomics

Some Cultural Foundations of Financial Macroeconomics

Spectres of Mises: controversial methodological claims reassessed

Tony Lawson and the history of economic thought

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