Rhetoric in Economics
|
|
- Brandon Shaw
- 5 years ago
- Views:
Transcription
1 Rhetoric in Economics Itzhak Gilboa April 26, 2012 Gilboa () Rhetoric in Economics April 26, / 10
2 Are Economic Models Scienti c Theories? Complaints: Poor predictions Gilboa () Rhetoric in Economics April 26, / 10
3 Are Economic Models Scienti c Theories? Complaints: Poor predictions Assumptions are all wrong Gilboa () Rhetoric in Economics April 26, / 10
4 Are Economic Models Scienti c Theories? Complaints: Poor predictions Assumptions are all wrong Ideologically biased Gilboa () Rhetoric in Economics April 26, / 10
5 Are Economic Models Scienti c Theories? Complaints: Poor predictions Assumptions are all wrong Ideologically biased Over-mathematized Gilboa () Rhetoric in Economics April 26, / 10
6 Some Responses: Poor predictions nobody s perfect Gilboa () Rhetoric in Economics April 26, / 10
7 Some Responses: Poor predictions nobody s perfect Assumptions are all wrong well... Gilboa () Rhetoric in Economics April 26, / 10
8 Some Responses: Poor predictions nobody s perfect Assumptions are all wrong well... Ideologically biased true, doesn t mean we shouldn t try Gilboa () Rhetoric in Economics April 26, / 10
9 Some Responses: Poor predictions nobody s perfect Assumptions are all wrong well... Ideologically biased true, doesn t mean we shouldn t try Over-mathematized Gilboa () Rhetoric in Economics April 26, / 10
10 Modes of Reasoning Analogies, case-based Gilboa () Rhetoric in Economics April 26, / 10
11 Modes of Reasoning Analogies, case-based Theories, rule-based Gilboa () Rhetoric in Economics April 26, / 10
12 Modes of Reasoning Analogies, case-based Theories, rule-based Psychology recognizes both Gilboa () Rhetoric in Economics April 26, / 10
13 Modes of Reasoning Analogies, case-based Theories, rule-based Psychology recognizes both So does statistics: kernel methods, nearest-neighbor methods... Gilboa () Rhetoric in Economics April 26, / 10
14 Scienti c Reasoning The argument in Gilboa-Postlewaite-Samuelson-Schmeidler: Gilboa () Rhetoric in Economics April 26, / 10
15 Scienti c Reasoning The argument in Gilboa-Postlewaite-Samuelson-Schmeidler: Scienti c reasoning is typically viewed as rule-based Gilboa () Rhetoric in Economics April 26, / 10
16 Scienti c Reasoning The argument in Gilboa-Postlewaite-Samuelson-Schmeidler: Scienti c reasoning is typically viewed as rule-based But it can also be case-based Gilboa () Rhetoric in Economics April 26, / 10
17 Scienti c Reasoning The argument in Gilboa-Postlewaite-Samuelson-Schmeidler: Scienti c reasoning is typically viewed as rule-based But it can also be case-based Speci cally, much of modern economic theory is of this type Gilboa () Rhetoric in Economics April 26, / 10
18 Example: Akerlof s Lemons Beautiful story Gilboa () Rhetoric in Economics April 26, / 10
19 Example: Akerlof s Lemons Beautiful story Changes the way we think about markets Gilboa () Rhetoric in Economics April 26, / 10
20 Example: Akerlof s Lemons Beautiful story Changes the way we think about markets But what is it a model of exactly? Gilboa () Rhetoric in Economics April 26, / 10
21 Example: Akerlof s Lemons Beautiful story Changes the way we think about markets But what is it a model of exactly? One interpretation: a theory Gilboa () Rhetoric in Economics April 26, / 10
22 Example: Akerlof s Lemons Beautiful story Changes the way we think about markets But what is it a model of exactly? One interpretation: a theory Another: a theoretical case Gilboa () Rhetoric in Economics April 26, / 10
23 Example: Akerlof s Lemons Beautiful story Changes the way we think about markets But what is it a model of exactly? One interpretation: a theory Another: a theoretical case Many economic models are of this type cases Gilboa () Rhetoric in Economics April 26, / 10
24 Example: Akerlof s Lemons Beautiful story Changes the way we think about markets But what is it a model of exactly? One interpretation: a theory Another: a theoretical case Many economic models are of this type cases... though typically without the similarity function Gilboa () Rhetoric in Economics April 26, / 10
25 Implications Viewing economic models as theoretical cases can explain why: Economists feel that they learn a lot from models of nothing Gilboa () Rhetoric in Economics April 26, / 10
26 Implications Viewing economic models as theoretical cases can explain why: Economists feel that they learn a lot from models of nothing Economists are not always troubled by violations of theories in experiments Gilboa () Rhetoric in Economics April 26, / 10
27 Implications Viewing economic models as theoretical cases can explain why: Economists feel that they learn a lot from models of nothing Economists are not always troubled by violations of theories in experiments Economists think that everything is an example of their model Gilboa () Rhetoric in Economics April 26, / 10
28 Implications Viewing economic models as theoretical cases can explain why: Economists feel that they learn a lot from models of nothing Economists are not always troubled by violations of theories in experiments Economists think that everything is an example of their model Economists deeply cherish the common language of their paradigm Gilboa () Rhetoric in Economics April 26, / 10
29 Rhetoric This view of scienti c activity explains the role of rhetoric Gilboa () Rhetoric in Economics April 26, / 10
30 Rhetoric This view of scienti c activity explains the role of rhetoric (Not in a negative sense!) Gilboa () Rhetoric in Economics April 26, / 10
31 Rhetoric This view of scienti c activity explains the role of rhetoric (Not in a negative sense!) Analogical reasoning requires convincing Gilboa () Rhetoric in Economics April 26, / 10
32 Rhetoric This view of scienti c activity explains the role of rhetoric (Not in a negative sense!) Analogical reasoning requires convincing And this is why axioms are important Gilboa () Rhetoric in Economics April 26, / 10
33 Example: The 1st Welfare Theorem With all limitations, a powerful result Gilboa () Rhetoric in Economics April 26, / 10
34 Example: The 1st Welfare Theorem With all limitations, a powerful result Yet, who does it apply to? Who maximizes a utility function? Gilboa () Rhetoric in Economics April 26, / 10
35 Example: The 1st Welfare Theorem With all limitations, a powerful result Yet, who does it apply to? Who maximizes a utility function? By contrast, it makes sense that most people, most of the time, make decisions Gilboa () Rhetoric in Economics April 26, / 10
36 Example: The 1st Welfare Theorem With all limitations, a powerful result Yet, who does it apply to? Who maximizes a utility function? By contrast, it makes sense that most people, most of the time, make decisions And do so in a transitive way Gilboa () Rhetoric in Economics April 26, / 10
37 Example: The 1st Welfare Theorem With all limitations, a powerful result Yet, who does it apply to? Who maximizes a utility function? By contrast, it makes sense that most people, most of the time, make decisions And do so in a transitive way This means that they behave as if they maximized a utility function! Gilboa () Rhetoric in Economics April 26, / 10
38 Example: The 1st Welfare Theorem With all limitations, a powerful result Yet, who does it apply to? Who maximizes a utility function? By contrast, it makes sense that most people, most of the time, make decisions And do so in a transitive way This means that they behave as if they maximized a utility function! There are questions of interpretation, but the 1st Welfare Theorem appears more relevant. Gilboa () Rhetoric in Economics April 26, / 10
39 The Rhetorical Role of Axioms Is obvious in a normative interpretation Gilboa () Rhetoric in Economics April 26, / 10
40 The Rhetorical Role of Axioms Is obvious in a normative interpretation But axioms would appear useless for descriptive purposes Gilboa () Rhetoric in Economics April 26, / 10
41 The Rhetorical Role of Axioms Is obvious in a normative interpretation But axioms would appear useless for descriptive purposes Indeed, according to the classical view of science, there is no room for rhetoric Gilboa () Rhetoric in Economics April 26, / 10
42 The Rhetorical Role of Axioms Is obvious in a normative interpretation But axioms would appear useless for descriptive purposes Indeed, according to the classical view of science, there is no room for rhetoric Yet, much of modern economic theory is not of this type Gilboa () Rhetoric in Economics April 26, / 10
43 The Rhetorical Role of Axioms Is obvious in a normative interpretation But axioms would appear useless for descriptive purposes Indeed, according to the classical view of science, there is no room for rhetoric Yet, much of modern economic theory is not of this type It uses models for qualitative reasoning, relying on analogies Gilboa () Rhetoric in Economics April 26, / 10
44 The Rhetorical Role of Axioms Is obvious in a normative interpretation But axioms would appear useless for descriptive purposes Indeed, according to the classical view of science, there is no room for rhetoric Yet, much of modern economic theory is not of this type It uses models for qualitative reasoning, relying on analogies And then axioms matter. Gilboa () Rhetoric in Economics April 26, / 10
Rhetoric in Economics
Rhetoric in Economics Itzhak Gilboa (w/ Andy Postlewaite, Larry Samuelson, and David Schmeidler) June 10, 2012 Gilboa () Rhetoric in Economics June 10, 2012 1 / 11 An old saying I learned from all my teachers,
More informationThe Arrow Impossibility Theorem: Where Do We Go From Here?
The Arrow Impossibility Theorem: Where Do We Go From Here? Eric Maskin Institute for Advanced Study, Princeton Arrow Lecture Columbia University December 11, 2009 I thank Amartya Sen and Joseph Stiglitz
More informationUNIVERSITY OF CALIFORNIA, SAN DIEGO DEPARTMENT OF ECONOMICS
2000-03 UNIVERSITY OF CALIFORNIA, SAN DIEGO DEPARTMENT OF ECONOMICS JOHN NASH AND THE ANALYSIS OF STRATEGIC BEHAVIOR BY VINCENT P. CRAWFORD DISCUSSION PAPER 2000-03 JANUARY 2000 John Nash and the Analysis
More informationEnlightenment of Hayek s Institutional Change Idea on Institutional Innovation
International Conference on Education Technology and Economic Management (ICETEM 2015) Enlightenment of Hayek s Institutional Change Idea on Institutional Innovation Juping Yang School of Public Affairs,
More information2-Candidate Voting Method: Majority Rule
2-Candidate Voting Method: Majority Rule Definition (2-Candidate Voting Method: Majority Rule) Majority Rule is a form of 2-candidate voting in which the candidate who receives the most votes is the winner
More informationDorin Iulian Chiriţoiu
THE JOURNAL OF PHILOSOPHICAL ECONOMICS: REFLECTIONS ON ECONOMIC AND SOCIAL ISSUES Volume IX Issue 2 Spring 2016 ISSN 1843-2298 Copyright note: No part of these works may be reproduced in any form without
More informationMODELLING RATIONAL AGENTS: FROM INTERWAR ECONOMICS TO. The fame of Nicola Giocoli s book precedes it it has already gained awards from
MODELLING RATIONAL AGENTS: FROM INTERWAR ECONOMICS TO EARLY MODERN GAME THEORY Nicola Giocoli Cheltenham: Edward Elgar, 2003, pp. x + 464. ISBN 1 84064 868 6, 79.95 hardcover. The fame of Nicola Giocoli
More information1 The Drama of the Commons
1 The Drama of the Commons Thomas Dietz, Nives Dolšak, Elinor Ostrom, and Paul C. Stern Pages contained here from the original document pag 3-36 The tragedy of the commons is a central concept in human
More informationOrganized by. In collaboration with. Posh Raj Pandey South Asia Watch on Trade, Economics & Environment (SAWTEE)
Posh Raj Pandey South Asia Watch on Trade, Economics & Environment (SAWTEE) Training on International Trading System 7 February 2012 Kathamndu Organized by South Asia Watch on Trade, Economics & Environment
More informationRATIONAL CHOICE AND CULTURE
RATIONAL CHOICE AND CULTURE Why did the dinosaurs disappear? I asked my three year old son reading from a book. He did not understand that it was a rhetorical question, and answered with conviction: Because
More informationNotes for an inaugeral lecture on May 23, 2002, in the Social Sciences division of the University of Chicago, by Roger Myerson.
Notes for an inaugeral lecture on May 23, 2002, in the Social Sciences division of the University of Chicago, by Roger Myerson. Based on the paper "Nash equilibrium and the history of economic theory,
More informationVoting Lecture 3: 2-Candidate Voting Spring Morgan Schreffler Office: POT Teaching.
Voting Lecture 3: 2-Candidate Voting Spring 2014 Morgan Schreffler Office: POT 902 http://www.ms.uky.edu/~mschreffler/ Teaching.php 2-Candidate Voting Method: Majority Rule Definition (2-Candidate Voting
More information2.1: War Commencement and Termination. Alex Montgomery
2.: War Commencement and Termination Alex Montgomery War Commencement and Termination Social Science in a Nutshell War Commencement War Termination Discussion Social Science in a Nutshell Select Primitives
More informationSource: Piketty Saez. Share (in %), excluding capital gains. Figure 1: The top decile income share in the U.S., % 45% 40% 35% 30% 25%
The Hecksher-Ohlin-Samuelson (HOS) model Extension of Ricardian model: trade is explained by comparative advantage but those are based on:du modèle ricardien: - differences of endowments in factors of
More informationPart III Immigration Policy: Introduction
Part III Immigration Policy: Introduction Despite the huge and obvious income differences across countries and the natural desire for people to improve their lives, nearly all people in the world continue
More informationAs Joseph Stiglitz sees matters, the euro suffers from a fatal. Book Review. The Euro: How a Common Currency. Journal of FALL 2017
The Quarterly Journal of VOL. 20 N O. 3 289 293 FALL 2017 Austrian Economics Book Review The Euro: How a Common Currency Threatens the Future of Europe Joseph E. Stiglitz New York: W.W. Norton, 2016, xxix
More informationGame Theory and the Law: The Legal-Rules-Acceptability Theorem (A rationale for non-compliance with legal rules)
Game Theory and the Law: The Legal-Rules-Acceptability Theorem (A rationale for non-compliance with legal rules) Flores Borda, Guillermo Center for Game Theory in Law March 25, 2011 Abstract Since its
More informationIntegrating Ethics and Altruism with Economics. David Colander. December 2004 MIDDLEBURY COLLEGE ECONOMICS DISCUSSION PAPER NO.
Integrating Ethics and Altruism with Economics by David Colander December 2004 MIDDLEBURY COLLEGE ECONOMICS DISCUSSION PAPER NO. 04-28 DEPARTMENT OF ECONOMICS MIDDLEBURY COLLEGE MIDDLEBURY, VERMONT 05753
More informationIs government action the best solution to cooperation in large groups?
Is government action the best solution to cooperation in large groups? A. Yes, generally B. No, generally C. It depends Think about why or why not. What does it depend on? Why did you vote the way you
More informationSampling Equilibrium, with an Application to Strategic Voting Martin J. Osborne 1 and Ariel Rubinstein 2 September 12th, 2002.
Sampling Equilibrium, with an Application to Strategic Voting Martin J. Osborne 1 and Ariel Rubinstein 2 September 12th, 2002 Abstract We suggest an equilibrium concept for a strategic model with a large
More informationPitfalls of a Minimax Approach to Model Uncertainty
Pitfalls of a Minimax Approach to Model Uncertainty Christopher A. Sims* January 11, 2001 The recent spate of work applying the ideas of least favorable prior decision theory (Gilboa and Schmeidler, 1989;
More informationCS 886: Multiagent Systems. Fall 2016 Kate Larson
CS 886: Multiagent Systems Fall 2016 Kate Larson Multiagent Systems We will study the mathematical and computational foundations of multiagent systems, with a focus on the analysis of systems where agents
More informationPrinciples of Distributive Justice
GRZEGORZ LISSOWSKI Principles of Distributive Justice Translated by Tomasz Bigaj Barbara Budrich Publishers Scholar Publishing House Opladen Berlin Toronto Warsaw 2013 LIST OF CHAPTERS Preface 13 Part
More informationSocial choice theory
Social choice theory A brief introduction Denis Bouyssou CNRS LAMSADE Paris, France Introduction Motivation Aims analyze a number of properties of electoral systems present a few elements of the classical
More informationClassical papers: Osborbe and Slivinski (1996) and Besley and Coate (1997)
The identity of politicians is endogenized Typical approach: any citizen may enter electoral competition at a cost. There is no pre-commitment on the platforms, and winner implements his or her ideal policy.
More informationINTERNATIONAL TRADE & ECONOMICS LAW: THEORIES OF INTERNATIONAL TRADE AND ECONOMICS
Open Access Journal available at jlsr.thelawbrigade.com 1 INTERNATIONAL TRADE & ECONOMICS LAW: THEORIES OF INTERNATIONAL TRADE AND ECONOMICS Written by Abha Patel 3rd Year L.L.B Student, Symbiosis Law
More informationChapter II European integration and the concept of solidarity
Chapter II European integration and the concept of solidarity The current chapter is devoted to the concept of solidarity and its role in the European integration discourse. The concept of solidarity applied
More informationDecision Making Procedures for Committees of Careerist Experts. The call for "more transparency" is voiced nowadays by politicians and pundits
Decision Making Procedures for Committees of Careerist Experts Gilat Levy; Department of Economics, London School of Economics. The call for "more transparency" is voiced nowadays by politicians and pundits
More informationCHAPTER 19 MARKET SYSTEMS AND NORMATIVE CLAIMS Microeconomics in Context (Goodwin, et al.), 2 nd Edition
CHAPTER 19 MARKET SYSTEMS AND NORMATIVE CLAIMS Microeconomics in Context (Goodwin, et al.), 2 nd Edition Chapter Summary This final chapter brings together many of the themes previous chapters have explored
More informationWhy Monetary Freedom Matters Ron Paul
Why Monetary Freedom Matters Ron Paul I ve thought about and have written about the Federal Reserve for a long time. I became fascinated with the monetary issue in the 1960s, having come across the Austrian
More informationChapter 5. Resources and Trade: The Heckscher-Ohlin Model
Chapter 5 Resources and Trade: The Heckscher-Ohlin Model Preview Production possibilities Changing the mix of inputs Relationships among factor prices and goods prices, and resources and output Trade in
More informationRunning head: MOST SCRIPTURALLY CORRECT THEORY OF GOVERNMENT 1. Name of Student. Institutional Affiliation
Running head: MOST SCRIPTURALLY CORRECT THEORY OF GOVERNMENT 1 Hobbes, Locke, and Rousseau: Who Has the Most Scripturally Correct Theory of Government? Name of Student Institutional Affiliation MOST SCRIPTURALLY
More informationWISCONSIN S WATER WOES: APPLYING THE COASE THEOREM
Center for Business & Economic Analysis Whitepaper Series: Fall 2015 WISCONSIN S WATER WOES: APPLYING THE COASE THEOREM By Tyler Platz, CBEA Research Analyst A recent article in the Green Bay Press Gazette,
More informationReferences: Shiller, R.J., (2000), Irrational Exuberance. Princeton: Princeton University Press.
Book Review Akerlof, G.A., and R.J. Shiller, (2009), Animal Spirits How human psychology drives the economy, and why it matters for global capitalism. Princeton and Oxford: Princeton University Press.
More informationPreview. Chapter 9. The Cases for Free Trade. The Cases for Free Trade (cont.) The Political Economy of Trade Policy
Chapter 9 The Political Economy of Trade Policy Preview The cases for free trade The cases against free trade Political models of trade policy International negotiations of trade policy and the World Trade
More informationChapter 2 Positive vs Normative Analysis
Lecture April 9 Positive vs normative analysis Social choices Chapter 2 Positive vs Normative Analysis Positive economic analysis: observes and describes economic phenomena objectively. Normative economic
More informationVoting Criteria April
Voting Criteria 21-301 2018 30 April 1 Evaluating voting methods In the last session, we learned about different voting methods. In this session, we will focus on the criteria we use to evaluate whether
More informationDeliberation, Preference Uncertainty and Voting Rules
Deliberation, Preference Uncertainty and Voting Rules David Austen-Smith MEDS, Kellogg Graduate School of Management Northwestern University Evanston, IL 60208 Timothy J. Feddersen MEDS, Kellogg Graduate
More informationComparative Advantage : The Advantage of the Comparatively Powerful? J. Bradford DeLong Last edited:
Comparative Advantage : The Advantage of the Comparatively Powerful? J. Bradford DeLong http://bradford-delong.com Last edited: 2017-10-19 Overview The doctrine of comparative advantage : Solves a particular
More informationThe Analytics of the Wage Effect of Immigration. George J. Borjas Harvard University September 2009
The Analytics of the Wage Effect of Immigration George J. Borjas Harvard University September 2009 1. The question Do immigrants alter the employment opportunities of native workers? After World War I,
More information14.770: Introduction to Political Economy Lecture 11: Economic Policy under Representative Democracy
14.770: Introduction to Political Economy Lecture 11: Economic Policy under Representative Democracy Daron Acemoglu MIT October 16, 2017. Daron Acemoglu (MIT) Political Economy Lecture 11 October 16, 2017.
More informationGame Theory for Political Scientists. James D. Morrow
Game Theory for Political Scientists James D. Morrow Princeton University Press Princeton, New Jersey CONTENTS List of Figures and Tables Preface and Acknowledgments xiii xix Chapter 1: Overview What Is
More informationMarket Failure: Compared to What?
By/Par Geoffrey Brennan _ Economics Department, RSSS, Australian National University Philosophy Department, UNC-Chapel Hill Political Science Department, Duke University I THE COMPARATIVE DIMENSION According
More informationOn the Irrelevance of Formal General Equilibrium Analysis
Eastern Economic Journal 2018, 44, (491 495) Ó 2018 EEA 0094-5056/18 www.palgrave.com/journals COLANDER'S ECONOMICS WITH ATTITUDE On the Irrelevance of Formal General Equilibrium Analysis Middlebury College,
More informationLecture 3 Limitations of the methodology of neoclassical economics
Lecture 3 Limitations of the methodology of neoclassical economics Every microeconomics text-books starts of with a chapter on the methodology of the economics being taught. There is usually a differentiation
More informationLEARNING FROM SCHELLING'S STRATEGY OF CONFLICT by Roger Myerson 9/29/2006
LEARNING FROM SCHELLING'S STRATEGY OF CONFLICT by Roger Myerson 9/29/2006 http://home.uchicago.edu/~rmyerson/research/stratcon.pdf Strategy of Conflict (1960) began with a call for a scientific literature
More informationThe Market and the Division of Labor. Coase and Ricardo
The Market and the Division of Labor Coase and Ricardo Where we are. We have been talking about the market system (group of institutions) as one form of resource allocation (the economy part of political
More informationComputational Social Choice: Spring 2007
Computational Social Choice: Spring 2007 Ulle Endriss Institute for Logic, Language and Computation University of Amsterdam Ulle Endriss 1 Plan for Today This lecture will be an introduction to voting
More information1 Aggregating Preferences
ECON 301: General Equilibrium III (Welfare) 1 Intermediate Microeconomics II, ECON 301 General Equilibrium III: Welfare We are done with the vital concepts of general equilibrium Its power principally
More informationCHAPTER 1. Introduction. The work of human thought should withstand the test of brutal, naked reality. If it cannot, it is worthless.
CHAPTER 1 Introduction The work of human thought should withstand the test of brutal, naked reality. If it cannot, it is worthless. czeslaw milosz There is a growing perception that a new approach is needed
More informationChapter 5. Resources and Trade: The Heckscher-Ohlin
Chapter 5 Resources and Trade: The Heckscher-Ohlin Model Chapter Organization 1. Assumption 2. Domestic Market (1) Factor prices and goods prices (2) Factor levels and output levels 3. Trade in the Heckscher-Ohlin
More informationAnalysis of AV Voting System Rick Bradford, 24/4/11
Analysis of AV Voting System Rick Bradford, 24/4/11 In the 2010 UK General Election, the percentage of votes for the three principal parties were in the proportion 41% (Con), 33% (Lab), 26% (Lib), ignoring
More informationThe Political Economy of Trade Policy
The Political Economy of Trade Policy 1) Survey of early literature The Political Economy of Trade Policy Rodrik, D. (1995). Political Economy of Trade Policy, in Grossman, G. and K. Rogoff (eds.), Handbook
More informationThe demarcation of economics in Robbins s Essay and the concepts of formal and real scarcity: a key to escaping economic imperialism
The demarcation of economics in Robbins s Essay and the concepts of formal and real scarcity: a key to escaping economic imperialism Ignacio Falgueras-Sorauren * Universidad de Málaga and IIESFV, Spain
More information(67686) Mathematical Foundations of AI June 18, Lecture 6
(67686) Mathematical Foundations of AI June 18, 2008 Lecturer: Ariel D. Procaccia Lecture 6 Scribe: Ezra Resnick & Ariel Imber 1 Introduction: Social choice theory Thus far in the course, we have dealt
More informationArrow s Impossibility Theorem
Arrow s Impossibility Theorem Some announcements Final reflections due on Monday. You now have all of the methods and so you can begin analyzing the results of your election. Today s Goals We will discuss
More informationHistory of Social Choice and Welfare Economics
What is Social Choice Theory? History of Social Choice and Welfare Economics SCT concerned with evaluation of alternative methods of collective decision making and logical foundations of welfare economics
More informationPolitics between Philosophy and Democracy
Leopold Hess Politics between Philosophy and Democracy In the present paper I would like to make some comments on a classic essay of Michael Walzer Philosophy and Democracy. The main purpose of Walzer
More informationAn Interpretation of Ronald Coase s Analytical Approach 1
An Interpretation of Ronald Coase s Analytical Approach 1 Bingyuan Hsiung* Rather, he [Coase] offers a new approach, a new angle, from which economic phenomena can be seen in a different light. (Cheung
More informationEconomic philosophy of Amartya Sen Social choice as public reasoning and the capability approach. Reiko Gotoh
Welfare theory, public action and ethical values: Re-evaluating the history of welfare economics in the twentieth century Backhouse/Baujard/Nishizawa Eds. Economic philosophy of Amartya Sen Social choice
More information1 Electoral Competition under Certainty
1 Electoral Competition under Certainty We begin with models of electoral competition. This chapter explores electoral competition when voting behavior is deterministic; the following chapter considers
More informationFairness Criteria. Majority Criterion: If a candidate receives a majority of the first place votes, that candidate should win the election.
Fairness Criteria Majority Criterion: If a candidate receives a majority of the first place votes, that candidate should win the election. The plurality, plurality-with-elimination, and pairwise comparisons
More informationBureaucracy in America
University of Minnesota Scott Abernathy Political Science 8360 Department of Political Science 01:25 P.M. - 03:20 P.M 1378 Social Sciences Building 1450 Social Sciences phone: 612-624-3308 email: abernath@polisci.umn.edu
More informationThe Two Faces of Emergence in Economics Mark Kuperberg
The Two Faces of Emergence in Economics Mark Kuperberg As this anthology makes clear, there is not one definition of Emergence that is universally agreed to, nor for progress to be made in the field does
More informationSpring 2017 Grad Course Atlas
Spring 2017 Grad Course Atlas POLS 509: Linear Model Zac Peskowitz, Tuesday, 8:30am - 11:30am, MAX: 12 Content: Political Science 509 is an introduction to probability and statistics for Political Science
More information1.6 Arrow s Impossibility Theorem
1.6 Arrow s Impossibility Theorem Some announcements Homework #2: Text (pages 33-35) 51, 56-60, 61, 65, 71-75 (this is posted on Sakai) For Monday, read Chapter 2 (pages 36-57) Today s Goals We will discuss
More informationpreserving individual freedom is government s primary responsibility, even if it prevents government from achieving some other noble goal?
BOOK NOTES What It Means To Be a Libertarian (Charles Murray) - Human happiness requires freedom and that freedom requires limited government. - When did you last hear a leading Republican or Democratic
More informationESSAYS ON THE ECONOMIC ROLE OF GOVERNMENT Volume 1: Fundamentals
ESSAYS ON THE ECONOMIC ROLE OF GOVERNMENT Volume 1: Fundamentals Also by Warren 1. Samuels and published Palgrave Macmillan ESSAYS ON THE ECONOMIC ROLE OF GOVERNMENT Volume 2: Applications ESSAYS IN THE
More informationVariable Preference, Moral Value Judgment and Social Welfare in China and Japan
Variable Preference, Moral Value Judgment and Social Welfare in China and Japan Zhijun Zhao -Visiting Scholar of Policy Research Institute, MOF of Japan -Senior Fellow of Chinese Academy of Social Sciences
More informationChapter 4. Preview. Introduction. Resources, Comparative Advantage, and Income Distribution
Chapter 4 Resources, Comparative Advantage, and Income Distribution Slides prepared by Thomas Bishop Copyright 2009 Pearson Addison-Wesley. All rights reserved. Preview Production possibilities Relationship
More information14.770: Introduction to Political Economy Lecture 12: Political Compromise
14.770: Introduction to Political Economy Lecture 12: Political Compromise Daron Acemoglu MIT October 18, 2017. Daron Acemoglu (MIT) Political Economy Lecture 12 October 18, 2017. 1 / 22 Introduction Political
More informationComparative Advantage. Erik Gartzke, Ph.D.
Comparative Advantage Erik Gartzke, Ph.D. 1 Introduction Comparative Advantage is the most important concept in the political economy of trade Also most difficult (often misunderstood) Cannot decipher
More informationNicholas Capaldi. Legendre-Soule Distinguished Chair in Business Ethics. Loyola University New Orleans. New Orleans, LA, USA
A Role for Government? Nicholas Capaldi Legendre-Soule Distinguished Chair in Business Ethics Loyola University New Orleans New Orleans, LA, USA Abstract One of the most salient features of Austrian economics
More informationTowards Sustainable Economy and Society Under Current Globalization Trends and Within Planetary Boundaries: A Tribute to Hirofumi Uzawa
Towards Sustainable Economy and Society Under Current Globalization Trends and Within Planetary Boundaries: A Tribute to Hirofumi Uzawa Joseph E. Stiglitz Tokyo March 2016 Harsh reality: We are living
More informationFrancesco Guala and Luigi Mittone
Francesco Guala and Luigi Mittone A Political Justification of Nudging CEEL Working Paper 7-13 Cognitive and Experimental Economics Laboratory Via Inama, 5 38100 Trento, Italy http://www-ceel.economia.unitn.it
More informationResponsibility judgments in voting scenarios
Responsibility judgments in voting scenarios Tobias Gerstenberg 1 (tger@mit.edu) Joseph Y. Halpern 2 (halpern@cs.cornell.edu) Joshua B. Tenenbaum 1 (jbt@mit.edu) 1 Department of Brain and Cognitive Sciences,
More informationPart III Immigration Policy: Introduction
Part III Immigration Policy: Introduction Despite the huge and obvious income differences across countries and the natural desire for people to improve their lives, nearly all people in the world continue
More informationWage inequality and skill premium
Lecture 4d: Wage inequality and skill premium Thibault FALLY C181 International Trade Spring 2018 (Continuation of chapter 4) Skilled vs. unskilled labor As mentioned earlier, we can reinterpret HO model
More informationU.S. Foreign Policy: The Puzzle of War
U.S. Foreign Policy: The Puzzle of War Branislav L. Slantchev Department of Political Science, University of California, San Diego Last updated: January 15, 2016 It is common knowledge that war is perhaps
More informationSelf-Organization and Cooperation in Social Systems
Self-Organization and Cooperation in Social Systems Models of Cooperation Assumption of biology, social science, and economics: Individuals act in order to maximize their own utility. In other words, individuals
More informationGAME THEORY. Analysis of Conflict ROGER B. MYERSON. HARVARD UNIVERSITY PRESS Cambridge, Massachusetts London, England
GAME THEORY Analysis of Conflict ROGER B. MYERSON HARVARD UNIVERSITY PRESS Cambridge, Massachusetts London, England Contents Preface 1 Decision-Theoretic Foundations 1.1 Game Theory, Rationality, and Intelligence
More informationSocial Science 1000: Study Questions. Part A: 50% - 50 Minutes
1 Social Science 1000: Study Questions Part A: 50% - 50 Minutes Six of the following items will appear on the exam. You will be asked to define and explain the significance for the course of five of them.
More informationFoundations of the Economic Approach to Law. Edited by AVERY WIENER KATZ
Foundations of the Economic Approach to Law Edited by AVERY WIENER KATZ New York Oxford Oxford University Press 1998 Contents 1 Methodology of the Economic Approach, 3 1.1 Behavioral Premises The Economic
More informationThe public good created by higher education institutions in Russia
National Research University Higher School of Economics VII International Conference University between Global Challenges and Local Commitments, Moscow 20-22 October 2016 The public good created by higher
More informationEcon 551 Government Finance: Revenues Fall 2018
Econ 551 Government Finance: Revenues Fall 2018 Given by Kevin Milligan Vancouver School of Economics University of British Columbia Lecture 2a: Redistribution and Social Choice ECON 551: Lecture 2a 1
More informationInventive Step. Japan Patent Office
Inventive Step Japan Patent Office Outline I. Overview of Inventive Step II. Procedure of Evaluating Inventive Step III. Examination Guidelines in JPO 1 Outline I. Overview of Inventive Step II. Procedure
More informationCourses PROGRAM AT THE SCHOOL OF INTERNATIONAL RELATIONS AND DIPLOMACY. Course List. The Government and Politics in China
PROGRAM AT THE SCHOOL OF INTERNATIONAL RELATIONS AND DIPLOMACY Course List BA Courses Program Courses BA in International Relations and Diplomacy Classic Readings of International Relations The Government
More informationTradeoffs in implementation of SDGs: how to integrate perspectives of different stakeholders?
Tradeoffs in implementation of SDGs: how to integrate perspectives of different stakeholders? Method: multi-criteria optimization Piotr Żebrowski 15 March 2018 Some challenges in implementing SDGs SDGs
More informationThe Coase theorem: coherent, logical, and not disproved
Journal of Institutional Economics (2015), 11: 2, 379 390 C Millennium Economics Ltd 2014 doi:10.1017/s1744137414000083 First published online 28 February 2014 The Coase theorem: coherent, logical, and
More informationAlternative Explanations of How the Capitalist Economy in Which We Live Operates
2 Alternative Explanations of How the Capitalist Economy in Which We Live Operates To understand why so many elite talking heads on TV and in the printed media did not see the global financial crisis coming,
More informationOn incorrupt government connotation of pre-qin Confucianism s idea of moral and profit Shaohua Yan
International Conference on Education Technology and Social Science (ICETSS 2014) On incorrupt government connotation of pre-qin Confucianism s idea of moral and profit Shaohua Yan School of Marxism Studies,
More informationUnderstanding How Society Works An Introduction to the Austrian School of Economics
Understanding How Society Works An Introduction to the Austrian School of Economics For detailed information visit: www.ae-laf.com 1 Have you ever wondered why water so essential to life is so cheap, while
More informationThe Statistical Properties of Competitive Districts: What the Central Limit Theorem Can Teach Us about Election Reform
The Statistical Properties of Competitive Districts: What the Central Limit Theorem Can Teach Us about Election Reform Justin Buchler, Case Western Reserve University ny examination of newspaper editorials
More informationSystematic Policy and Forward Guidance
Systematic Policy and Forward Guidance Money Marketeers of New York University, Inc. Down Town Association New York, NY March 25, 2014 Charles I. Plosser President and CEO Federal Reserve Bank of Philadelphia
More informationEnriqueta Aragones Harvard University and Universitat Pompeu Fabra Andrew Postlewaite University of Pennsylvania. March 9, 2000
Campaign Rhetoric: a model of reputation Enriqueta Aragones Harvard University and Universitat Pompeu Fabra Andrew Postlewaite University of Pennsylvania March 9, 2000 Abstract We develop a model of infinitely
More informationGUEST EDITORIAL. Political Marketing in Evolving European Democracies
GUEST EDITORIAL Political Marketing in Evolving European Democracies The dynamic development of Information Technology, resulting in the development of the Internet and new technologies used for wireless
More informationThe State, the Market, And Development. Joseph E. Stiglitz World Institute for Development Economics Research September 2015
The State, the Market, And Development Joseph E. Stiglitz World Institute for Development Economics Research September 2015 Rethinking the role of the state Influenced by major successes and failures of
More informationLabour market integration and its effect on child labour
Labour market integration and its effect on child labour Manfred Gärtner May 2011 Discussion Paper no. 2011-23 Department of Economics University of St. Gallen Editor: Publisher: Electronic Publication:
More informationOn the Drucker Legacy
On the Drucker Legacy Robert Klitgaard President, Claremont Graduate University May 2006 Appreciating any great person, any great corpus of contribution, inevitably falls short. Each of us has a partial
More informationLecture 12: Topics in Voting Theory
Lecture 12: Topics in Voting Theory Eric Pacuit ILLC, University of Amsterdam staff.science.uva.nl/ epacuit epacuit@science.uva.nl Lecture Date: May 11, 2006 Caput Logic, Language and Information: Social
More information