The micro—macro link in heterodox economics

Gräbner, Claudius; Kapeller, Jakob

doi:10.4324/9781315707587-10

Cited by 10 publications

(7 citation statements)

References 25 publications

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“…Gräbner and Kapeller (2017) argue that Bunge's systemism provides an excellent umbrella framework to align various schools of thought under one philosophical framework and is thus a useful underpinning for a pluralistic economics.5 This definition is consistent with the elaborations ofArthur et al (1997) andRosser (2004). For an explanation of the concept of a "layered ontology" and its evolutionary interpretation see e.g Hodgson (2004),.…”

mentioning

confidence: 81%

“…The reason for this is that there are many different ways according to which one can relate a model to the real world and judge its quality (see e.g. Gräbner (2017) for practical and Bokulich (2017) for philosophical reasons), and which one to choose depends on the purpose of the model or its audience (Mäki 2010); (4) we also lack any general criterion of when this reasoning process can be called 'scientific' and when it does not deserve this status. The problem of distinguishing between science and non-science is called the "demarcation problem" and remains an unresolved puzzle of modern theory of science; see e.g.…”

Section: Epistemological Implications Of the Complexity Challengementioning

confidence: 99%

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The Complexity of Economies and Pluralism in Economics

Gräbner

2017

Journal of Contextual Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. AbstractFrom the two premises that (1) economies are complex systems and (2) the accumulation of knowledge about reality is desirable, I derive the conclusion that pluralism with regard to economic research programs is a more viable position to hold than monism. To substantiate this claim an epistemological framework of how scholars study their objects of inquiry and relate their models to reality is discussed.Furthermore, it is argued that given the current institutions of our scientific system, economics self-organizes towards a state of scientific unity. Since such a state is epistemologically inferior to a state of plurality, critical intervention is desirable.

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confidence: 81%

Section: Epistemological Implications Of the Complexity Challengementioning

confidence: 99%

The Complexity of Economies and Pluralism in Economics

Gräbner

2017

Journal of Contextual Economics

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“…In contrast, many heterodox economists have argued that causality is not only a bottom-up, but also a top-down phenomenon (Dopfer, Foster, and Potts 2004;Lee 2011;King 2012). In order to reflect that within our framework, causality is allowed to take place bottom-up, bottom-down as well as within levels (see Bunge 1996;Kapeller and Schütz 2013;Gräbner and Kapeller 2017).…”

Section: Causal Maps and The Micro-meso-macro Architecturementioning

confidence: 99%

Creating a Pluralist Paradigm: An Application to the Minimum Wage Debate

Schütz

2021

Journal of Economic Issues

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The article offers a pluralist route along which different theoretical approaches can be integrated into a common framework. It proposes to use causal mapping and combine it with a micro-meso-macro architecture to get well-structured descriptions of different economic theories and to provide a good foundation for integrating these theories. In order to illustrate this point and to shed some new light on a contested economic issue, the article applies this strategy to the minimum wage debate. It follows from the analysis that from a theoretical viewpoint, the effect of the minimum wage on employment is indeed ambiguous, which is perfectly in line with the existing empirical evidence.

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“…In contrast to the economic mainstream approach, the behavior on the macro-level is usually not the analytical aggregation (summation) of the shareholders' behaviors. Instead, the relation between individuals is relevant also from the micro-level to the macro-level, and social structures and social conditions influence individual behavior (Gräbner and Kapeller 2018).…”

Section: Fair Share Of Taxes From the Political-cultural Market Theory Perspectivementioning

confidence: 99%

Ethical and Legal Responsibility of Multinational Corporate Groups for a Fair Share of Taxes

Scherer

Schmiel

2021

Nordic Tax Journal

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This paper deals with the question whether there are reasons to deem multinational corporate groups ethically or legally responsible for paying their fair share of taxes. Ethical concepts argue that companies should generally be held responsible, but these findings contradict the mainstream market theory that understands companies as legal fictions and therefore not ethically but merely legally responsible. In contrast, we base our argumentation on the political-cultural market theory. We find that this theory provides reasons to ascribe an ethical responsibility for paying their fair share of taxes to multinational corporate groups. We argue, moreover, that this ethical responsibility also speaks for a legal responsibility. The prevailing tax law, particularly the arm's length principle, does generally not see groups as tax subjects. This currently missing legal responsibility gives reasons to rethink tax law. Therefore, we analyze whether the OECD Pillar One proposal may be an alternative to existing law.

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The micro—macro link in heterodox economics

Cited by 10 publications

References 25 publications

The Complexity of Economies and Pluralism in Economics

The Complexity of Economies and Pluralism in Economics

Creating a Pluralist Paradigm: An Application to the Minimum Wage Debate

Ethical and Legal Responsibility of Multinational Corporate Groups for a Fair Share of Taxes

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