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Journal articles on the topic 'Neoclassical theories'

Author: Grafiati

Published: 24 April 2022

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1

Samuels, W. "Thorstein Veblen as Economic Theorist." Voprosy Ekonomiki, no. 7 (July 20, 2007): 99–117. http://dx.doi.org/10.32609/0042-8736-2007-7-99-117.

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The article considers the Veblen’s legacy from the point of view of its theoretical status. In this connection the author investigates the nature of theory as such, analyzes neoclassical school as theory, compares Veblen’s ideas with neoclassical conceptions, in particular showing the influence of these ideas on F. Knight. The article displays and systematizes the main directions of Veblen’s research and shows that if a certain concept of the theory as such is adopted, then these lines of research should be treated as theories no less than the works of neoclassic economists.

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2

Palumbo, Antonella. "Scarcity in the Theories of Value." Indian Economic Journal 69, no. 2 (May 25, 2021): 218–334. http://dx.doi.org/10.1177/00194662211017282.

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Building on Krishna Bharadwaj’s analysis of the differences between neoclassical economics and classical political economy and her careful historical reconstruction of the process that culminated in the birth of the former, this article focuses on the characterisation of neoclassical theories as ‘scarcity’ theories of value. The article intends, in the first place, to analyse the relation that neoclassical theories bear to earlier theoretical developments, particularly the earlier conception of value based on the demand-and-supply interaction, in which the notion of scarcity played a crucial role, a conception entertained both by pre-classical authors and contemporaries of Ricardo. In the second place, it aims to show that the scarcity conception of value is at the root of some basic inconsistencies of the neoclassical approach. Attention will thus be devoted to a particular expression of the latter, the so-called Walras–Cassel system of general equilibrium, and to the discussions that took place in the 1930s on the properties of such system—afterwards culminating in the Vienna debate over the formal properties of the system—in which the limitations of the scarcity conception of value were clearly addressed. JEL Code: B12, B13, D51

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3

Stahl, Charles W. "Theories of International Labor Migration: An Overview." Asian and Pacific Migration Journal 4, no. 2-3 (June 1995): 211–32. http://dx.doi.org/10.1177/011719689500400203.

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Emigration pressures are primarily the result of increasing inequalities between countries which, in turn, are the result of factors internal to less developed countries and their relations with developed countries. Both micro (neoclassical) and macrostructural theories of migration are re-viewed. It is argued that the neoclassical theory of migration is often unjustly criticized and is sufficiently robust to incorporate those structural considerations which are at the core of macrostructural theories. Moreover, the neoclassical theory, with slight modification, can incorporate the “new economics of migration.” The major empirical problem confronting models of international labor migration is that migration flows are constrained by immigration policy. This policy, in turn, is influenced by various special interest groups. The direction and form of migration flows is conditioned by contemporary and historical relationships between source and destination countries.

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4

Veblen, T. "The Limitations of Marginal Utility." Voprosy Ekonomiki, no. 7 (July 20, 2007): 86–98. http://dx.doi.org/10.32609/0042-8736-2007-7-86-98.

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The article written by the founder of institutionalism and published in 1909 is translated into Russian for the first time. Veblen criticizes different versions of neoclassical theories of production and consumption, trying to consider human behavior in the wide cultural context. He suggests a methodological alternative to neoclassical theory, rebutting teleological explanations of neoclassics and emphasizing causal relations. Moreover Veblen formulates a theoretical alternative: he develops a theory of institutional evolution and describes how habits, customary modes of thought and conventional judgments influence behavior of businessmen and how the analysis of their scheme of life can contribute to deeper understanding of their economic activity.

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Rose, Gideon. "Neoclassical Realism and Theories of Foreign Policy." World Politics 51, no. 1 (October 1998): 144–72. http://dx.doi.org/10.1017/s0043887100007814.

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Although international relations theory has been dominated for two decades by debates over theories of international politics, recently there has been a surge of interest in theories of foreign policy. These seek to explain, not the pattern of outcomes of state interactions, but rather the behavior of individual states. The author surveys three prominent theories of foreign policy and shows how the works under review set out a compelling alternative, one that updates and systematizes insights drawn from classical realist thought. Neoclassical realism argues that the scope and ambition of a country's foreign policy is driven first and foremost by the country's relative material power. Yet it contends that the impact of power capabilities on foreign policy is indirect and complex, because systemic pressures must be translated through intervening unit-level variables such as decision-makers’ perceptions and state structure. Understanding the links between power and policy thus requires close examination of both the international and the domestic contexts within which foreign policy is formulated and implemented.

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6

Callari, Antonio. "Contending Economic Theories: Neoclassical, Keynesian, and Marxian." Social Science Journal 51, no. 2 (June 1, 2014): 320–21. http://dx.doi.org/10.1016/j.soscij.2014.03.003.

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Mavroudeas, Stavros D. "Contending Economic Theories: Neoclassical, Keynesian and Marxian." Review of Political Economy 28, no. 2 (April 2, 2016): 309–12. http://dx.doi.org/10.1080/09538259.2015.1080471.

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8

Saptefrati, Tatiana. "Public administration science - neoclasic organizational theories and approaches." Administrarea Publica, no. 3(111) (September 2021): 28–37. http://dx.doi.org/10.52327/1813-8489.2021.3(111).02.

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In this article the author analyzes the contribution of neoclassical organizational theories in the development of organizations and their management process. Are identified differences in classical and neoclassical approaches to organization. Are studied behaviorists' research on the rational model of administration based on the role of human behavior in the establishment and functioning of organization. There are studied the theory of systems and the dynamic elements of the organization are highlighted. The paper analyzes the approaches of organizational humanism in the organization and functioning of public administration.

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9

Sielska, Alicja. "Neoklasyczne teorie dyskryminacji w warunkach konkurencji doskonałej — analiza krytyczna." Ekonomia 25, no. 3 (November 15, 2019): 29–41. http://dx.doi.org/10.19195/2084-4093.25.3.3.

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Neoclassical theories of discrimination under conditions of perfect competition — critical analysisThe goal of this article is to analyze the neoclassical theories of discrimination in perfectly competitive labor markets. Based on the conducted considerations, the taste discrimination model, as well as the theory of human capital, demonstrated the lack of validity of these theories over a long period of time. In the short term, however, self-selection contracts or masking curtains seem to be a good solution. Despite this, the period of motherhood, which can be considered one of the most important discrimination factors, remains an unsolved problem.

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10

Opaluch, James J., and Kathleen Segerson. "Rational Roots of “Irrational” Behavior: New Theories of Economic Decision-Making." Northeastern Journal of Agricultural and Resource Economics 18, no. 2 (October 1989): 81–95. http://dx.doi.org/10.1017/s0899367x00001926.

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The neoclassical paradigm has proven to be a rich approach for evaluating a variety of issues for individual and social decision-making. However, an increasing body of literature suggests that actual behavior systematically violates the neoclassical utility model. This paper reviews a number of alternative models for decision-making. Results from the literature show several examples of apparently “irrational” behavior that can be explained in terms of these alternative motivations. The paper also extends the received literature by examining in some detail the implications of one such model which is based on the psychological feeling of ambivalence. The paper demonstrates that ambivalence has the potential for explaining the appearance of intransitive choices, the use of rules of thumb in decision-making and the large discrepancies between stated willingness-to-pay and willingness-to-accept, all of which have been observed in various settings. There are potentially great rewards from innovative research that expands the neoclassical paradigm to incorporate additional motivational factors in decision-making.

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11

Gao, Yuan. "A Reflection on Postwar Neoclassical Economics: The Shift from General Equilibrium Theory to the New Microeconomic Theories." Modern China 48, no. 1 (November 20, 2021): 29–52. http://dx.doi.org/10.1177/00977004211054844.

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The theoretical focus of neoclassical economics experienced a significant change in the 1970s–1980s. General equilibrium theory lost its dominant position in theoretical economic studies, with its role of setting the research agenda taken over by what this article calls the “new microeconomic theories,” principally decision theory, game theory, and mechanism design. Mainstream economists, post-Keynesians, and historians of economic thought each give a different explanation of the hows and whys of that change, but all miss some critical methodological implications. That change, as this article discusses, shows that neoclassical economics has turned from “grand theory” toward “small models” with empirically delimited utility and that the ideology of marketism lacks a valid scientific foundation. This interpretation can help illuminate the deeper dynamics of the postwar development of neoclassical economics and provide insights for a new political economy that can come to grips with political-economic practices that cannot be fully grasped by the neoclassical tradition.

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Brozova, Dagmar. "Modern Labour Economics: The Neoclassical Paradigm with Institutional Theories." European Scientific Journal, ESJ 12, no. 28 (October 31, 2016): 541. http://dx.doi.org/10.19044/esj.2016.v12n28p541.

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The growing role of institutions and their influence on the labour market outcomes, i.e. wage rates and labour allocation, has been among the most significant characteristic features of labour markets in recent decades. Labour market economics built its paradigm on the principles of marginalism, which brought suitable instruments for analysis of market agents´ individual decisions capable of achieving effective solutions. Smith´s “invisible hand” has gradually been limited by institutional interventions – by governments, corporations and trade unions with government legislation, corporate personnel policies and collective bargaining. The expanding regulatory interventions into the labour market and the effort to explain the reality leads inevitably to the fact that modern labour market economics incorporates more and more institutional theories. The contribution outlines the gradual invasion of neoinstitutional topics and theories into the neoclassical labour market paradigm and it analyses the differences in the neoclassical and neoinstitutional interpretation of labour markets’ functioning. The recent discussion on the consequences for labour market economics theory is presented. A conclusion about the gradual direction towards a changed paradigm of labour market economics is presented.

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Zhang, Wei-Bin. "An Integration of Neoclassical Growth Theory and Economic Structural Change with Monopolistic Competition Theory." Business and Economic Research 11, no. 2 (April 6, 2021): 145. http://dx.doi.org/10.5296/ber.v11i2.18380.

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Wealth accumulation is a deterministic factor mechanism of national economic growth. Neoclassical growth theory is basically concerned with capital and wealth accumulation in perfectly competitive market. Global markets are characterized by a great variety of markets. Nevertheless, there only a few rigorous models of wealth accumulation with other types of markets within neoclassical growth framework. This study attempts to contribute literature of economic growth by introducing monopolistic competition and monopoly into neoclassical growth theory. The model is based on a few well-established economic theories. The model is constructed within framework of the Solow-Uzawa two-sector neoclassical growth model. The description of to monopolistic competition is influenced by the Dixit-Stiglitz model of monopolistic competition. The modelling of monopoly is based on monopoly theory. We model behavior of the household with Zhang’s utility function and concepts of current income and disposable income. The unique contribution of this research is to integrate these theories in a comprehensive framework. We construct the basic model and then analyze properties of the model. The existence of a unique equilibrium point is identified by simulation. The effects of changes in some parameters comparative static analyses in some parameters.

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Repin, S. S. "Neoclassical and contract economic theory of the firm." Scientific notes of the Russian academy of entrepreneurship 20, no. 4 (January 8, 2022): 31–33. http://dx.doi.org/10.24182/2073-6258-2021-20-4-31-33.

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15

Cohn, Samuel, and Adrienne Eaton. "Historical Limits on Neoclassical Strike Theories: Evidence from French Coal Mining, 1890–1935." ILR Review 42, no. 4 (July 1989): 649–62. http://dx.doi.org/10.1177/001979398904200413.

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This study analyzes the determinants of strikes in French coal mining over the period 1890–1935. The results indicate that factors emphasized by traditional bargaining power models were more important determinants of strikes in that setting than was economic variability. This finding supports the hypothesis that neoclassical theories of strikes—Hicksian theories that strikes are a function of the parties' lack of information about the economic environment in which bargaining takes place—are inappropriate in some historical and political contexts. Specifically, the authors argue that the many settings where (as in the case considered) strikes are politically motivated, firms have simple economic structures, and collective bargaining is poorly institutionalized should provide evidence discontinuing neoclassical predictions.

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Salamova, Ayna. "Basic theories of modern institutionalism." SHS Web of Conferences 94 (2021): 03001. http://dx.doi.org/10.1051/shsconf/20219403001.

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Institutionalism went through a difficult historical path of its development, went through several stages, each of which was accompanied by the renewal of methodology and theoretical foundations. Consistently at each stage, a corresponding independent direction arose: old institutionalism, new institutionalism (new institutional economics) and neoinstitutionalism (neoinstitutional economics). Modern institutionalism is a qualitatively new direction of economic thought, based on the theoretical principles of economic analysis of the neoclassical school in terms of identifying trends in the development of the economy, as well as the methodological tools of the German historical school in the approach to the study of socio-psychological problems of the development of society.

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Onea, Tudor. "Putting the ‘Classical’ in Neoclassical Realism: Neoclassical Realist Theories and US Expansion in the Post-Cold War." International Relations 26, no. 2 (June 2012): 139–64. http://dx.doi.org/10.1177/0047117811430674.

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18

Coad, Alex. "Neoclassical vs evolutionary theories of financial constraints: Critique and prospectus." Structural Change and Economic Dynamics 21, no. 3 (August 2010): 206–18. http://dx.doi.org/10.1016/j.strueco.2010.05.003.

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Constant, Amelie, and Douglas S. Massey. "Return Migration by German Guestworkers: Neoclassical versus New Economic Theories." International Migration 40, no. 4 (September 2002): 5–38. http://dx.doi.org/10.1111/1468-2435.00204.

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Obi, Chinedu. "Understanding the Socioeconomics of International Migration Decisions and Outcomes Through the Capability-Based Migration Framework." Afrika Focus 34, no. 2 (December 14, 2021): 379–95. http://dx.doi.org/10.1163/2031356x-34020009.

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Abstract This dissertation critically reviews neoclassical migration theories and conceptualises the capability-based framework as a prospect in migration theory. I show that most of the neoclassical migration theories were formed in the twentieth century. They therefore require an update to accommodate contemporary migration dynamics. I argue that a multifaceted and multidimensional capability-based approach that centralises human agency and capabilities can address the earlier theories’ shortcomings. Hence, I adopt the capability-based migration framework as the main framework in my dissertation. The dissertation differs from previous empirical studies in its unique methodology and exceptional attention to the grey areas in the migration discourse. Using data from prospective Nigerian migrants living in Nigeria, actual migrants living in Italy and a collection of secondary data sources, the dissertation addresses three research questions: how do capabilities influence migration decisions in the home country; what are the capability-depriving constraints faced by migrants in the host country; and how do migrants contribute to capability improvement in the home country?

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Théoret, Raymond. "Un exposé de la théorie du déséquilibre." Articles 54, no. 3 (July 6, 2009): 384–401. http://dx.doi.org/10.7202/800783ar.

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This paper reviews the principal theories on disequilibrium, from Walras to Barro and Grossman. There is a certain tendency in most of these theories to consider equilibrium and disequilibrium as independent phenomenons: at the end of a disequilibrium period, equilibrium in the neoclassical sense reappears, i.e. a paretian optimum. Disequilibrium is at most an adjustment period. But Glower is opposed to this methodology. Equilibrium periods are very influenced by preceding disequilibrium periods. For example, Clower considers unemployment as a situation of equilibrium. This is a nonsense for a neoclassical economist for whom equilibrium is an ideal state. Clower attacks veritably the traditional economic analysis which attributes to the equilibrium of perfect competition certain ideal properties. Finally, we emphasize that the theory of disequilibrium may arrive to explain stagflation.

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Resnick, Evan N. "Strange Bedfellows: U.S Bargaining Behavior with Allies of Convenience." International Security 35, no. 3 (December 2010): 144–84. http://dx.doi.org/10.1162/isec_a_00026.

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Despite the ubiquity of the term “alliance of convenience,” the dynamics of these especially tenuous alliances have not been systematically explored by scholars or policymakers. An alliance of convenience is the initiation of security cooperation between ideological and geopolitical adversaries in response to an overarching third-party threat; they are conceptually different from other types of alliances. Neorealist, two-level games, and neoclassical realist theories all seek to explain the outcome of intra-alliance bargaining between the United States and allies of convenience since 1945. Neorealism and two-level games theories broadly predict successful U.S. bargaining because of the United States' favorable position in the international system and the relatively tight constraints on executive power in the United States, respectively. By contrast, neoclassical realism predicts that tight constraints on executive power in the United States should have led the foreign policy executive to bargain unsuccessfully with allies of convenience. In the case of the U.S. alliance of convenience with Iraq during the 1980–88 Iran-Iraq War, neoclassical realism best explains the outcome of U.S. bargaining with Iraq. This case has implications for other U.S. bargaining efforts.

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Seidl, Irmi, Clement A. Tisdell, and Steve Harrison. "Environmental Regulation of Land Use and Public Compensation: Principles, and Swiss and Australian Examples." Environment and Planning C: Government and Policy 20, no. 5 (October 2002): 699–716. http://dx.doi.org/10.1068/c01103s.

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The authors discuss the regulation of rural land use and compensation for property-rights restrictions, both of which appear to have become more commonplace in recent years but also more contested. The implications of contemporary theories in relation to this matter are examined, including: the applicability of new welfare economics; the relevance of the neoclassical theory of politics; and the implications of contemporary theories of social conflict resolution and communication. Examination of examples of Swiss and Australian regulation of the use of rural properties, and the ensuing conflicts, reveals that many decisions reflect a mixture of these elements. Rarely, if ever, are social decisions in this area made solely on the basis of welfare economics, for instance social cost-benefit analysis. Only some aspects of such decisions can be explained by the neoclassical theory of politics. Theories of social conflict resolution suggest why, and in what way, approaches of discourse and participation may resolve conflicts regarding regulation and compensation. These theories and their practical application seem to gain in importance as opposition to government decisions increases. The high degree of complexity of most conflicts concerning regulation and compensation cannot be tackled with narrow economic theories. Moreover, the Swiss and Australian examples show that approaches involving conflict resolution may favour environmental standards.

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Totev, S. "REGIONAL CONVERGENCE THEORIES – CONFORMITY WITH THE EU DEVELOPMENT." Trakia Journal of Sciences 18, Suppl.1 (2020): 437–41. http://dx.doi.org/10.15547/tjs.2020.s.01.072.

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A critical review of neoclassical and new economic theories on their correspondence to empirical results for economic development has been made. In the light of these theories, three leading hypotheses for convergence have been considered -- "unconditional β-convergence", "conditional β-convergence" and "club convergence". An assessment was made, for the existence of economic convergence in the EU countries at different levels EU-28, EU-15 and the new member states of Central and Eastern Europe, for the period 2007 - 2017 Based on the obtained results, some summaries and conclusions are made.

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Wells, Paul. "Keynes'sGeneral TheoryCritique of the Neoclassical Theories of Employment and Aggregate Demand." Review of Social Economy 49, no. 3 (September 1991): 339–64. http://dx.doi.org/10.1080/00346769100000030.

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26

Fratini, Saverio M. "Neoclassical theories of stationary relative prices and the supply of capital." Metroeconomica 70, no. 4 (March 11, 2019): 723–37. http://dx.doi.org/10.1111/meca.12250.

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Biggs, Michael. "Strikes as Sequences of Interaction." Social Science History 26, no. 3 (2002): 583–617. http://dx.doi.org/10.1017/s0145553200013092.

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Theories of strikes—or any kind of conflict—are theories of interaction. Marxists envisage class conflict as a dialectical struggle between proletariat and bourgeoisie. Neoclassical economists imagine strikes as an unintended consequence of bargaining between rational actors.The tumult of class conflict is far removed from the quiet of rational bargaining, yet these theories are alike in this respect: strikes ensue from dyadic interaction. Adding political authorities to the dyad of workers and employers extends interaction to three sets of actors.

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Smith, Tony. "The neoclassical and Marxian theories of technology: a comparison and critical assessment." Historical Materialism 1, no. 1 (1997): 113–33. http://dx.doi.org/10.1163/156920697100414122.

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AbstractNeoclassical economics remains the leading theoretical alternative to Marxian economics. In this article I shall contrast the accounts of technical change in capitalism proposed by both theories. I shall introduce five criteria relevant to a comparison of competing social theories, and argue that the Marxian perspective on technical change in capitalism is superior on all five counts.

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Drydakis, Nick. "Economic pluralism in the study of wage discrimination: a note." International Journal of Manpower 39, no. 4 (July 2, 2018): 631–36. http://dx.doi.org/10.1108/ijm-01-2018-0019.

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Purpose Economic pluralism proposes that economists and social planners should consider alternative theories to establish a range of policy actions. Neoclassical, Feminist and Marxian theories evaluate well-grounded causes of wage discrimination. However, a reluctance to consider less-dominant theories among different schools of economic thought restricts analysis and proposed policies, resulting in a monism method. The paper aims to discuss these issues. Design/methodology/approach The authors provide a brief review of the theoretical literature on wage discrimination. The significance of a pluralistic analysis is demonstrated by addressing correspondence test patterns of wage discrimination. Findings In considering Neoclassical, Feminist and Marxian theories, racist attitudes, uncertainties regarding minority workers’ productivity and power relations in lower-status sectors might generate discriminatory wages. Each cause deserves corresponding policy action. Research limitations/implications Time is needed to provide a pluralistic evaluation of wage discrimination. In addition, pluralism requires rigorous investigations to avoid incoherencies. Pluralism might be jeopardised if there is a limited desire to engage with less-dominant theoretical frameworks. Also, pluralism might be misled with rejection of dominant theories. Practical implications Given pluralism, wage discrimination might be reduced by implementing equality campaigns, creating low-cost tests to predict workers’ productivity and abolishing power relations towards minority workers. Originality/value Little work has been on economic pluralism in the study of wage discrimination. The current study addresses the gap in the literature.

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Robins, James A. "Ecology and Society: a Lesson for Organization Theory, from the Logic of Economics." Organization Studies 6, no. 4 (October 1985): 335–48. http://dx.doi.org/10.1177/017084068500600402.

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Recent work on organizational ecology has helped to clarify the discussion of organiza tion-environment relations by providing a precise analytical distinction between the organization and its environment. However, the clarity of the distinction also exposes serious problems in the population perspective on organizations. The fact that ecology has been wedded to evolutionism cripples it in dealing with some of the central issues of organizational analysis. This paper looks at ways in which the precision of ecology may be combined with social and economic theories other than evolutionism to provide a powerful analysis of the organization in its social environment. Neoclassical economics serves as a model for the sort of theory that can be used to replace evolutionism. The paper concludes by examining the underlying axiomatic structure of neoclassical economics and outlining the general logic required to link ecological and social theories for the purposes of organizational analysis.

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Enste, Dominik H., Alexandra Haferkamp, and Detlef Fetchenhauer. "Unterschiede im Denken zwischen Ökonomen und Laien – Erklärungsansätze zur Verbesserung der wirtschaftspolitischen Beratung." Perspektiven der Wirtschaftspolitik 10, no. 1 (February 2009): 60–78. http://dx.doi.org/10.1111/j.1468-2516.2008.00294.x.

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AbstractRecent findings in Economic Psychology on the thinking and judgment of economic laymen can help to improve economic policy advice. First, based on psychological theories and empirical findings, the notion of the Homo oeconomicus is challenged. The economic situation is judged by laymen using implicit theories and biases, which are not in line with neoclassical economics. Then, the relevance of these theories and heuristics is shown empirically by the systematically different opinions of economists and non-economists on economic policy measures like minimum wages and maximum salaries. Conclusions for policy advisors complement the analysis.

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Yasuba, Yasukichi. "Alternative Theories of Southeast Asian Development: A Japanese Perspective." Asian Journal of Social Science 30, no. 3 (2002): 602–22. http://dx.doi.org/10.1163/156853102320945411.

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This paper examines the pronouncements of Japanese economists on Southeast Asia during the past 30 years in the belief that such a survey reveals the strengths and weaknesses of alternative theories of economic development as applied to Southeast Asia. It finds that Marxist, dependency, borrowed-technology, and ersatz capitalist theories have proved to be wrong, or at least inadequate. Moreover, the patrimonial theory which used to be adequate in the 1960s and 1970s has since lost its relevance. In contrast, neoclassical theories with special emphasis on the quality of human resources have proved to be right.

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KITCHEN, NICHOLAS. "Systemic pressures and domestic ideas: a neoclassical realist model of grand strategy formation." Review of International Studies 36, no. 1 (January 2010): 117–43. http://dx.doi.org/10.1017/s0260210509990532.

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AbstractScholars in international relations have long known that ideas matter in matters of international politics, yet theories of the discipline have failed to capture their impact either in the making of foreign policy or the nature of the international system. Recent reengagement with the insights of classical realists has pointed to the possibility of a neoclassical realist approach that can take into account the impact of ideas. This article will suggest that the study of grand strategy can enlighten the intervening ideational variables between the distribution of power in the international system and the foreign policy behaviour of states, and thus constitute the key element in a neoclassical realist research agenda.

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Chetty, Raj, and Emmanuel Saez. "Dividend and Corporate Taxation in an Agency Model of the Firm." American Economic Journal: Economic Policy 2, no. 3 (August 1, 2010): 1–31. http://dx.doi.org/10.1257/pol.2.3.1.

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Recent evidence on the effect of dividend taxes on firm behavior is inconsistent with neoclassical theories of dividend and corporate taxation. We develop a simple agency model in which managers and shareholders have conflicting interests to explain the evidence. In this model, dividend taxation induces managers to undertake unproductive investments by retaining earnings, and creates a first-order deadweight cost. In contrast, corporate taxes do not distort the manager's payout decision and may only create second-order efficiency costs. Corporate income taxation may therefore be a more efficient way to generate revenue than dividend taxation, challenging existing intuitions based on neoclassical models. (JEL D21, G35, H25, H32)

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Cristaldo, Rômulo Carvalho, Juliana Rodrigues de Senna, and Lara Sousa Matos. "The founding narratives of the myth of economic development and the Brazilian neo-developmentalism." Revista de Administração Pública 52, no. 3 (June 2018): 527–53. http://dx.doi.org/10.1590/0034-7612169612.

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Abstract This article aims to interpret the most well-known theories of economic development based on the assumption that these theories are contemporary mythological tales and, consequently, the Brazilian 2000’s neo-developmentalism agenda as an inexact unique blend of them all. The study uses Roland Barthes’ semiotic interpretation on the social structure and roles of myths to argue that theories of development are rather a compound of ideologies than a scientific field of inquiry. In addition, the article draws a parallel between Joseph Campbell’s hero’s journey and the five widely known narratives of development: Protectionist, Keynesian, Institutional, Entrepreneurial and Neoclassical.

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(Caraman), Oana Simona Hudea. "Classical, Neoclassical and New Classical Theories and Their Impact on Macroeconomic Modelling." Procedia Economics and Finance 23 (2015): 309–12. http://dx.doi.org/10.1016/s2212-5671(15)00506-7.

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Cohen, A. J. "Prices, Capital, and the One-Commodity Model in Neoclassical and Classical Theories." History of Political Economy 21, no. 2 (January 1, 1989): 231–51. http://dx.doi.org/10.1215/00182702-21-2-231.

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Sherrill, Clifton W., and Richard A. Hough. "Current Japanese Security Policy towards China and Neoclassical Realism: Testing IR Theories." Journal of Asian Security and International Affairs 2, no. 3 (December 2015): 237–65. http://dx.doi.org/10.1177/2347797015601912.

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Murray Svidroňová, Mária, Gabriela Vaceková, and Vladislav Valentinov. "The Theories of Non-profits: A Reality Check from Slovakia." Lex localis - Journal of Local Self-Government 14, no. 3 (July 31, 2016): 399–418. http://dx.doi.org/10.4335/14.3.399-418(2016).

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The goal of the paper is to analyze the economic determinants of the non-profit sector in Slovakia. In contrast to the neoclassical market failure approach, we build on the institutionalist and systems-theoretic framework that draws attention to the shortcomings of the dominant institutional structures of the private for-profit and public sectors. Utilizing a representative survey of 60 nonprofits, we identify their key characteristics and single out the “supply-side” and “interdependence” theories as their most useful explanations. These results accentuate the role of nonprofits in realizing societal values, while taking account of institutional complementarities, regional variations, and legal peculiarities.

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Nadia, Ratu Farah, and Daniel Cerquera. "THE ROLE OF VERTICAL INTEGRATION IN INPUT PROCUREMENT." Emerging Markets : Business and Management Studies Journal 5, no. 1 (October 10, 2018): 26–35. http://dx.doi.org/10.33555/ijembm.v5i1.53.

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In the introduction part this paper review of three methods in input procurement that could be chosen by the firm. As well as in the same chapter elaborate the difficulties that could emerge in implementing of these methods. The aim of this paper is to focused on one of method in input procurement that is vertical integration. The role of vertical integration is implemented by the firm can be addressed to neoclassical theories and organizational theories. Both of these theories are constructed in theoretical framework. In chapter three, this paper elaborate Apple and Samsung which have been successfully in doing vertically integrated. The conclusion is concluded from gathering the related theories and summarizing the application of both successfull companies in achieving their profitability with implemented vertical integration.

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Chick, Victoria. "Über Geld und Geldtheorien." PROKLA. Zeitschrift für kritische Sozialwissenschaft 31, no. 123 (June 1, 2001): 227–43. http://dx.doi.org/10.32387/prokla.v31i123.744.

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Different ways of studying monetary theory are discussed. Chick compares the roles and functions, money acquires in the neoclassical general equilibrium model, in Keynesian as well as in circular flow theories. She argues in favour of an economic theory, which is open to historical time and the evolution of institutions. Otherwise economic theory will be depleted of social relevance.

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Yang, Hua. "A Review of the Enterprise Theory: Formation, Essence, Boundary and Goal." Scientific and Social Research 4, no. 1 (January 20, 2022): 47–53. http://dx.doi.org/10.36922/ssr.v4i1.1314.

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Based on the formation, essence, boundary and goal of different enterprise theories as the review object, this paper reviews the enterprise theory of neoclassical economics. It is the four mainstream schools of enterprise contract theory and the enterprise theory of stakeholder collective choice. Additionally, it includes a brief and pertinent evaluation and comparison of these views.

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Cook, Eli. "THE NEOCLASSICAL CLUB: IRVING FISHER AND THE PROGRESSIVE ORIGINS OF NEOLIBERALISM." Journal of the Gilded Age and Progressive Era 15, no. 3 (July 2016): 246–62. http://dx.doi.org/10.1017/s1537781416000104.

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AbstractIn examining the mathematical models, theories of value, and price statistics wielded by leading economist and social reformer Irving Fisher, this article explores the overlooked impact that Neoclassical Economics had on Progressive Era reform and thought. By offering a neoclassical theory of marginal utility that claimed that market prices reflected subjective value, Fisher formalized, legitimized, and popularized the use of price statistics in progressive political discourse, teaching the American people that if they wanted to argue over the nature of progress or the worthiness of a certain reform, they would have to price it first. The article argues that such a “pricing of progressivism” served as an important foundational precursor to the rise of neoliberal thought in the 1980s. In light of such a significant intellectual legacy, it seems imperative that intellectual historians of the Progressive Era turn their attention away from the usual suspects of this period, such as Pragmatists William James and John Dewey, and shift their analytical focus away from the “Metaphysical Club” and toward a neoclassical one.

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Rubinstein, A. "Public Interests and the Theory of Public Goods." Voprosy Ekonomiki, no. 10 (October 20, 2007): 90–113. http://dx.doi.org/10.32609/0042-8736-2007-10-90-113.

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The article is devoted to the modern public economics. The author analyzes the German "Finanzwissenschaft" tradition. Major issues connected to the problem of interests of the society as a whole were raised within this tradition: the problem of public goods pricing and the free-rider problem. The author considers this tradition taking into account the neoclassical economic concept of public sector. The article introduces the "public goods paradox" - incompatibility of methodological individualism and the positive demand for public goods. The author criticizes neoclassical theories (P. Samuelson, R. Musgrave, H. Margolis) and proposes a new approach. He develops the complementarity principle alternative to methodological individualism. According to this idea interests of the society as a whole are irreducible to interests of individuals.

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Styhre, Alexander. "Coping with irrationality in orthodox economic theory." International Journal of Organizational Analysis 24, no. 5 (November 7, 2016): 792–810. http://dx.doi.org/10.1108/ijoa-10-2015-0931.

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Purpose The purpose of this paper is to critically assess the assumptions regarding human behaviour in orthodox neoclassical economic theory. The orthodox neoclassical economic theory prescribes rational models of human behaviour, but the strictness of the criteria, developed to promote theoretical consistency and conceptual elegance, commonly fails to fully accommodate all of the empirical material. To save the core of the orthodox neoclassical economic theory research program and to neutralize and mute criticism regarding its predictive failures, its proponents engage in expedient theorizing, the expansion of the initial theoretical framework by adding ad hoc hypotheses and/or including additional explanatory factors; in many cases, dismissed as “unnecessary complications” (as in the case of morality and ethics – two conspicuously “non-economic” concepts) in the initial formulation of theoretical propositions of the core theories. Design/methodology/approach The paper reviews a body of heterogeneous literature to introduce and examine the use of expedient theorizing in economic thinking. Findings In the present case, the hyperrationalist axiom regarding the efficacy of calculative practices to maximize individual utility is accompanied by moralist concerns (and, by implication, corrective and disciplinary action) regarding the failure to adhere to such prescriptions. Expedient theorizing, thus, becomes a key mechanism in the political economy of truth that currently grants orthodox neoclassical economic theory significant authority to inform policy-making in substantial ways and considerable prestige. Originality/value The orthodox neoclassical economic theory constitutes the blueprint for policy-making and institutional change, and, therefore, the key economic ideas being the constitutive elements of the contemporary economy demand scholarly attention. The paper thus points at theoretical inconsistencies in the orthodox neoclassical economic theory and introduces the concept of expedient theorizing as its remedy.

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Mariolis, Theodore. "Competing Theories of Value: A Spectral Analysis." Contributions to Political Economy 40, no. 1 (May 18, 2021): 1–25. http://dx.doi.org/10.1093/cpe/bzab004.

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Abstract This paper is based on a spectral–controllability analysis of the Sraffian price system and develops a relevant reconstruction of the theory of value. It shows that (i) the hitherto competing theories of value correspond to specific complex plane locations of the eigenvalues of the vertically integrated technical coefficients matrix; and (ii) the real-world economies cannot be coherently analyzed in terms of the traditional theory of value (classical, Marxian, Austrian, and neoclassical), despite the fact that they are characterized by rather low degrees and relatively low numerical ranks of price controllability. Hence, on the one hand, the Sraffian theory of value is not only the most general to date, but also empirically relevant. On the other hand, the real-world economies constitute almost uncontrollable systems, and this explains, in turn, the specific shape features of the empirical price–wage–profit rate curves that are at the heart of the capital theory debate.

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Cohn, Samuel, and Adrienne Eaton. "Historical Limits on Neoclassical Strike Theories: Evidence from French Coal Mining, 1890-1935." Industrial and Labor Relations Review 42, no. 4 (July 1989): 649. http://dx.doi.org/10.2307/2524036.

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Naples, M. I., and N. Aslanbeigui. "What does determine the profit rate? The neoclassical theories presented in introductory textbooks." Cambridge Journal of Economics 20, no. 1 (January 1, 1996): 53–71. http://dx.doi.org/10.1093/oxfordjournals.cje.a013607.

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Sica, Edgardo. "Economic theories of eco-innovations: a comparison between the neoclassical and evolutionary approaches." International Journal of Innovation and Sustainable Development 10, no. 1 (2016): 87. http://dx.doi.org/10.1504/ijisd.2016.073417.

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Heilbroner, Robert. "Economics as an explanation system: Comments on neoclassical, social and other economic theories." Forum for Social Economics 26, no. 1 (January 1996): 41–46. http://dx.doi.org/10.1007/bf02778864.

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