The paper discusses the sense in which the changes undergone by normative economics in the 20 century can be said to be progressive. A simple criterion is proposed to decide whether a sequence of normative theories is progressive. This criterion is put to use on the historical transition from the new welfare economics to social choice theory. The paper reconstructs this classic case, and eventu...

There exists no consensus regarding the definition and the measure of persistence. We aim to spark research interests to address the lack of a standard definition. This paper reviews this issue and proposes an informal definition to unemployment persistence. JEL CLASSIFICATION: B41, E24. ∗Department of Economics, College of Business Administration, University of Central Florida. E-mail: omikhai...

In this study it was shown that the O101 lipopolysaccharide isolated from Escherichia coli B41 did not contain an O-specific polysaccharide and that its sugar moiety is probably restricted to the core oligosaccharide. It is characterized by the presence of galactose, glucose, N-acetylglucosamine, heptose and 3-deoxy-D-manno-2-octulosonic acid and the fatty acid composition is typical of an Ente...

The debate in equilibrium selection appears to have culminated in the formation of two schools of thought: those who favor equilibrium selection based on rational coordination and those who favor zero-rationality adaptation. We examine four deductive selection principles and find that each fails to explain experimental data. We propose an inductive selection principle based on simple learning d...

Economists have recently adopted pre-analysis plans in response to concerns about robustness and transparency research. The increased use of registered has raised competing that detailed are costly create, overly restrictive, limit the type inspiration stems from exploratory analysis. We consider these views plans, make a careful distinction between roles registries, which provide record all pl...

This short paper discusses majority and minority views in economics regarding the value of neuroscience for economics – and thus the value of the neuroeconomics research program. It argues that neuroeconomics’ reception ultimately depends on whether economists adopt a philosophy of science thinking closer to what exists in other sciences. It then argues that an inadvertent a product of this deb...

Innovation is at the basis of economic development and as such, it is instrumental for developing countries. We review the literature on innovation from the perspectives of four select branches of economics to build a conceptual framework of innovation applicable to developing countries. The conceptual framework includes insights from the surveyed literature and identifies areas of further rese...

A relevance, distinctiveness and plausibility (RDP) analysis is a conceptual framework that can be used to identify when potential confounds are a problem for interpreting experimental results. We illustrate this analysis using the creation or enhancement of natural group identity by the means of priming manipulations as employed in the experiments of five target papers. Such priming manipulati...

This paper proposes a simple prototype model that describes the complex dynamics of a sophisticated monetary economy. The interaction between the current and intertemporal financial constraints on economic units brings about irregular fluctuations at both micro and macro levels. We use qualitative dynamic analysis and numerical simulations to investigate the interaction between financial fragil...