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  • 1
    Digitale Medien
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 79-90 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 2
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 91-97 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 3
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 243-266 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: Recent years have seen the flowering of a new literature on the economic nature of firms marked by a concern with their internal organization and contractual characteristics. Related literatures on the principal-agent problem and the theory of financial markets have also contributed to a better understanding of firms as economic institutions. However, the place of the concept of the ownership of the firm is poorly developed in most of this literature, with many writers either ignoring the concept entirely or arguing that it is of no importance. The purpose of the present article is to point out that the concept of ownership of firms is crucial to an understanding of internal governance issues. Most economists implicitly presume that firms must be ownable and saleable if they are to be operated efficiently, and recently this viewpoint has been made more explicit by writers such as Jensen and Fama and Williamson. Their point of view is to some degree at odds with views of the firm as a coalition, which frequently appear in the same literature, and even more fundamentally in conflict with conceptions of the firm as an association or polity within which greater or lesser degrees of democracy in governance may be pursued. The first purpose of this article is to show that the incompletely articulated position of the leading authors on the economics of organization is that the firm is a commodity and must be so for purposes of efficiency.
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  • 4
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 291-291 
    ISSN: 0266-2671
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    Thema: Philosophie , Wirtschaftswissenschaften
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  • 5
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 292-297 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 6
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 298-308 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 7
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 309-315 
    ISSN: 0266-2671
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    Thema: Philosophie , Wirtschaftswissenschaften
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  • 8
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 316-325 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 9
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 326-332 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 10
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 333-336 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 11
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 170-172 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 12
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 173-175 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 13
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 177-183 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 14
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    Cambridge : Cambridge University Press
    Economics and philosophy 3 (1987), S. 1-2 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 15
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 183-188 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 16
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    Cambridge : Cambridge University Press
    Economics and philosophy 3 (1987), S. 1-10 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 17
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    Cambridge : Cambridge University Press
    Economics and philosophy 3 (1987), S. 335-338 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: Since Schweickart asserts that I have not addressed his main argument, let me consider briefly the four claims he advances at the beginning of his second reply.Regarding 1: To argue, as I have, that there would be a strong tendency for market socialism to degenerate into capitalism, it is necessary to spell out carefully what capitalism is. Following Marx, I defined capitalism as a system in which the workers do not control the means of production and the workers sell their labor power as a commodity. As G.A. Cohen has pointed out (Cohen, 1978, pp. 219–23), this definition can be given a rechtsfrei characterization in terms of effective powers over means of production and labor power. Actual legal arrangements are not the issue. In my original paper, I never said that the workers would sell the means of production. Thus 1 is irrelevant. The real questions are: (a) Who effectively controls the means of production? (b) Who effectively gets the profits? If the answer to both of these questions is, “Not the workers,” it follows that the workers are effectively proletarians and the system is a form of capitalism.
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  • 18
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    Cambridge : Cambridge University Press
    Economics and philosophy 3 (1987), S. 49-66 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: I want in this paper to do two things. First, I want to respond to some studies that argue that people are often not rational: that people regularly and systematically depart from rationality. The conclusion itself does not worry me. I pressed for the same in a recent book (Schick, 1984). But the arguments seem to me wrong, and wrong in an interesting way. There may be something to be learned from seeing how and why they fail.
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  • 19
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    Cambridge : Cambridge University Press
    Economics and philosophy 3 (1987), S. 1-22 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: In 1970 Amartya Sen exposed an apparent antinomy that has come to be known as the Paradox of the Paretian Libertarian (Sen, 1970b, pp. 152–57). Sen introduced his paradox by establishing a simple but startling theorem. Roughly put, what he proved was that if a mechanism for selecting social choice functions satisfies two standard adequacy conditions, there are possible situations in which it will violate either the very weak libertarian precept that every individual has at least some rights or the seemingly innocuous Paretian principle that an option should be judged unacceptable if there is an available alternative that everyone prefers to it. Many economists and philosophers have proposed solutions to Sen's problem, but there is no general consensus on what solution (if any) is correct. In the present paper I argue that Sen's original theorem fails to establish the existence of any conflict between libertarianism and Paretianism. Furthermore, I contend that Sen has misinterpreted certain other theorems which he has used to defend the existence of a paradoxical conflict between these two doctrines. In general, I try to show that whenever Sen posits a Paretian-libertarian conflict to explain an apparently troubling result in social choice theory, the difficulty can be better dealt with either by claiming that the theorem in question imposes overly strong background constraints on the form of social choice functions or by claiming that it relies on an unacceptable construal of individual rights.
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  • 20
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    Cambridge : Cambridge University Press
    Economics and philosophy 3 (1987), S. 127-130 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: In their article, Geoffrey Brennan and Loren Lomasky (1985, p. 199) present an alternative to market theories of voting behavior. Contrary to market theories which view the voter as acting to maximize the expected self-interest, the alternative view sees voting as fundamentally an act of self-expression: “Voting, like speech, is an expressive activity providing an outlet for one's moral sentiments. We suggest that it is the expressive return to a vote that frequently determines the behavior of individuals in large-number electorates.”
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  • 21
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    Cambridge : Cambridge University Press
    Economics and philosophy 3 (1987), S. 67-95 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: Is rhetoric just a new and trendy way to épater les bourgeois? Unfortunately, I think that the newfound interest of some economists in rhetoric, and particularly Donald McCloskey in his new book and subsequent responses to critics (McCloskey, 1985a, 1985b), gives that impression. After economists have worked so hard for the past five decades to learn their sums, differential calculus, real analysis, and topology, it is a fair bet that one could easily hector them about their woeful ignorance of the conjugation of Latin verbs or Aristotle's Six Elements of Tragedy. Moreover, it has certainly become an academic cliché that economists write as gracefully and felicitously as a hundred monkeys chained to broken typewriters. The fact that economists still trot out Keynes's prose in their defense is itself an index of the inarticulate desperation of an inarticulate profession.
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  • 22
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    Cambridge : Cambridge University Press
    Economics and philosophy 3 (1987), S. 139-142 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: Rosenberg (1986) argues that economists have embraced the methodology of scientific research programs, and the writings of Imre Lakatos (1978), at the same time that philosophers have been abandoning that approach. According to Rosenberg, the methodology of scientific research programs (MSRP) appears to allow some work in economics, which is neither tested nor testable, to be “scientific” nonetheless. That is, MSRP justifies some current practices which look hard to justify on strict falsificationist, or dogmatic positivist, grounds.
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  • 23
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    Cambridge : Cambridge University Press
    Economics and philosophy 3 (1987), S. 131-138 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: How may we best understand the motivational structure that stands behind individuals' acts of voting? In “The Impartial Spectator Goes to Washington” we suggested that expressive concerns swamp narrowly consequential motivations, in contradistinction to normal market transactions in which the priority is reversed. A striking consequence of this fact is that individuals will be led to vote for outcomes that they would reject were they in a position to act decisively. In this regard we found the moral psychology Adam Smith develops in The Theory of Moral Sentiments (TMS) (and, to a lesser extent, in The Wealth of Nations) remarkably fecund in suggesting alternatives to what we call the standard theory of electoral behavior.
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  • 24
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    Cambridge : Cambridge University Press
    Economics and philosophy 2 (1986), S. 282-291 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 25
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    Cambridge : Cambridge University Press
    Economics and philosophy 2 (1986), S. 185-195 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: Popper's well-known demarcation criterion has often been understood to distinguish statements of empirical science according to their logical form. Implicit in this interpretation of Popper's philosophy is the belief that when the universe of discourse of the empirical scientist is infinite, empirical universal sentences are falsifiable but not verifiable, whereas the converse holds for existential sentences. A remarkable elaboration of this belief is to be found in Watkins's early work (1957, 1958) on the statements he calls “all-and-some,” such as: “For every metal there is a melting point.” All-and-some statements (hereafter AS) are both universally and existentially quantified in that order. Watkins argued that AS should be regarded as both nonfalsifiable and nonverifiable, for they partake in the logical fate of both universal and existential statements. This claim is subject to the proviso that the bound variables are “uncircumscribed” (in Watkins's words); i.e., that the universe of discourse is infinite.
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  • 26
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    Cambridge : Cambridge University Press
    Economics and philosophy 2 (1986), S. 293-293 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 27
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    Cambridge : Cambridge University Press
    Economics and philosophy 2 (1986), S. 225-244 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: Perhaps the most salient feature of Rawls's theory of justice (Rawls, 1971) which at once attracts supporters and repels critics is its apparent egalitarian conclusion as to how economic goods are to be distributed. Indeed, many of Rawls's sympathizers may find this result intuitively appealing, and regard it as Rawls's enduring contribution to the topic of economic justice, despite technical deficiencies in Rawls's contractarian, decision-theoretic argument for it (see, e.g., Nagel, 1973, p. 234) which occupy the bulk of the critical literature. Rawls himself, having proposed a “coherence” theory of justification in metaethics, must regard the claim that his distributive criterion “is a strongly egalitarian conception” (Rawls, 1971, p. 76) as independently a part of the overarching moral argument. The alleged egalitarian impact of Rawls's theory is crucial again in normative ethics where Rawls is thought to have developed a major counter-theory to utilitarianism (cf. Braybrooke, 1975, p. 304), one of the most popular criticisms of which has been its alleged inadequacy in handling questions of distributive justice. Utilitarians can argue, however, as Brandt recently has, that the diminishing marginal utility of money, along with ignorance of income-welfare curves, would require a utility-maximizing distribution to be substantially egalitarian (Brandt, 1979, pp. 311f., 315f.; cf. Brandt, 1983, p. 102f.). The challenge is therefore for Rawls to show that his theory yields an ethically preferable degree of equality.
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  • 28
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    Cambridge : Cambridge University Press
    Economics and philosophy 2 (1986), S. 1-2 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 29
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    Cambridge : Cambridge University Press
    Economics and philosophy 2 (1986), S. 1-3 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 30
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 83-99 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: Discussions of Karl Popper's falsificationist philosophy of science appear regularly in the recent literature on economic methodology. In this literature, there seem to be two fundamental points of agreement about Popper. First, most economists take Popper's falsificationist method of bold conjecture and severe test to be the correct characterization of scientific conduct in the physical sciences. Second, most economists admit that economic theory fails miserably when judged by these same falsificationist standards. As Latsis (1976, p. 8) states, “the development of economic analysis would look a dismal affair through falsificationist spectacles.”
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  • 31
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 101-108 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: F. A. Hayek is uniquely responsible for his fellow economists grasping the importance of the decentralization of knowledge: as Hayek shows in his pathbreaking “The Use of Knowledge in Society,” knowledge nowhere exists as a coherent whole and to pretend otherwise is a most serious error. Hayek also shares responsibility for the popularity of a strong form of the methodological individualist research program which asserts that since collectives as such have no impact on the choices of individuals, investigators ought to purge any reliance on collectives from our analysis.
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  • 32
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 127-127 
    ISSN: 0266-2671
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    Thema: Philosophie , Wirtschaftswissenschaften
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  • 33
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 467-469 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
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  • 34
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 1-1 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
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  • 35
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 223-246 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
    Notizen: In this paper we develop full information methods for estimating the parameters of a system of simultaneous equations with error component structure and establish relationships between the various structural estimators.
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  • 36
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 299-304 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
    Notizen: We derive exact finite-sample expressions for the biases and risks of several common pretest estimators of the scale parameter in the linear regression model. These estimators are associated with least squares, maximum likelihood and minimum mean squared error component estimators. Of these three criteria, the last is found to be superior (in terms of risk under quadratic loss) when pretesting in typical situations.
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  • 37
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 1-1 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
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  • 38
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 69-97 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
    Notizen: This paper addresses two related issues in the literature of non-nested hypotheses testing. Firstly, by means of a measure of “closeness” of probability density functions, it shows how any two hypotheses can be placed into the nested and the non-nested categories with the latter category being subdivided further into “globally” and “partially” non-nested hypotheses. Secondly, by emphasizing the distinction between a “local null” and a “local alternative,” the paper shows that only in the case of partially non-nested hypotheses is it possible to specify local alternatives. In this case the paper derives the asymptotic distribution of the Cox test statistic under local alternatives and shows that it is distributed as a normal variate with a mean which is directly related to the measure of “closeness” of the alternative to the null hypothesis.
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  • 39
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 159-159 
    ISSN: 0266-4666
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    Thema: Wirtschaftswissenschaften
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  • 40
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 159-160 
    ISSN: 0266-4666
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    Thema: Wirtschaftswissenschaften
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  • 41
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 162-162 
    ISSN: 0266-4666
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    Thema: Wirtschaftswissenschaften
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  • 42
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 208-222 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
    Notizen: Many observed macrovariables are simple aggregates over a large number of microunits. It is pointed out that the generating process of the macrovariables is largely determined by the common factors in the generating mechanisms of the microvariables, even though these factors may be very unimportant at the microlevel. It follows that macrorelationships are simpler than the complete microrelationships, but that empirical investigations of microrelationships may not catch those components, containing common factors, which will determine the macrorelationship. It is also shown that an aggregate expectation or forecast is simply the common factor component of the individual agents expectations.
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  • 43
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 247-271 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
    Notizen: A Taylor series approach is used to derive approximations to the approximate slope of LR, W, and LM test statistics. These can be useful when the approximate slopes themselves are complicated. The results are applied to the test of linear coefficient restrictions in the linear model with a nonscalar covariance matrix. They can be used to find cases where the Wald test may badly over-reject in this model. The results shed some new light on the over-rejection that has been noted in the special cases of AR(1) disturbances and the SURE model.
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  • 44
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 359-370 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
    Notizen: We compare the distributional properties of the four predictors commonly used in practice. They are based on the maximum likelihood, two types of the least squared, and the Yule-Walker estimators. The asymptotic expansions of the distribution, bias, and mean-squared error for the four predictors are derived up to O(T−1), where T is the sample size. Examining the formulas of the asymptotic expansions, we find that except for the Yule-Walker type predictor, the other three predictors have the same distributional properties up to O(T−1).
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  • 45
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 461-463 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
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  • 46
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 464-466 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
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  • 47
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 471-471 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
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  • 48
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 169-169 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
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  • 49
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 297-298 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
    Notizen: In this paper we identify a restriction on the finite-sample application of Magdalinos's asymptotic expansions for the t statistic based on the k-class instrumental variable estimator.
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  • 50
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 305-306 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
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  • 51
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 306-306 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
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  • 52
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 1-44 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
    Notizen: In an hypothesis testing problem involving nuisance parameters for which boundedly complete sufficient statistics exist under the null hypothesis, the class of all similar regions for the problem is characterized by the conditional distribution of the data given these sufficient statistics. If there exists a one-to-one transformation y → (t, u) of the data, y, to the sufficient statistic, t, and a second vector of statistics, u, that is independent of t under the null hypothesis, then the statistic u itself characterizes the class of similar regions. This paper applies this idea to five testing problems of interest in econometrics. In each case we obtain the density of the relevant statistic under the null hypothesis, when it is free of nuisance parameters, and under the alternative. Using the density under the alternative, we discuss the power properties of the class of similar tests for each problem. Other applications are also suggested.
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  • 53
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 143-149 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
    Notizen: This article deals with the derivation of the exact discrete model that corresponds to a closed linear first-order continuous-time system with mixed stock and flow data. This exact discrete model is (under appropriate additional conditions) a stationary autoregressive moving average time series model and may allow one to obtain asymptotically efficient estimators of the parameters describing the continuous-time system.
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  • 54
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 160-161 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
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  • 55
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    Cambridge : Cambridge University Press
    Modern Asian studies 23 (1989), S. 797-813 
    ISSN: 0026-749X
    Quelle: Cambridge Journals Digital Archives
    Thema: Ethnologie , Geschichte , Politikwissenschaft , Wirtschaftswissenschaften
    Notizen: The subject of this paper is the fate of progressive taxation in South Asia. This is a subject about which Kingsley Martin himself would have had mixed feelings. On the one hand, he strongly advocated a redistributive fiscal strategy. On the other hand, he was never at all comfortable examining the kind of economic analysis with which it is usually justified. Somewhat unfairly, he distrusted all orthodox economists on moral grounds (Martin, 1966: 34). Moreover, his prolonged encounter with the unorthodox economics of Maynard Keynes was equally unsatisfactory as an educational experience. Lord Boothby summed up Martin's efforts to learn the technicalities of economics from Keynes as follows: ‘Kingsley simply never understood economics and yet he was always trying to understand. “Explain it to me, then” he would say, but his attention soon wandered’ (Rolph, 1973: 195).
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    Cambridge : Cambridge University Press
    Modern Asian studies 23 (1989), S. 1-2 
    ISSN: 0026-749X
    Quelle: Cambridge Journals Digital Archives
    Thema: Ethnologie , Geschichte , Politikwissenschaft , Wirtschaftswissenschaften
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  • 57
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    Cambridge : Cambridge University Press
    Modern Asian studies 23 (1989), S. 459-492 
    ISSN: 0026-749X
    Quelle: Cambridge Journals Digital Archives
    Thema: Ethnologie , Geschichte , Politikwissenschaft , Wirtschaftswissenschaften
    Notizen: Recently, we have come to see that the perceptions which we had of the decay and destruction of India in the eighteenth century were more than anything else a product of British writing which sought consciously or unconsciously to magnify and color the changes which took place in the eighteenth century to enhance the magnitude of their own ‘achievements’ from then onwards. ‘achievements’ from then onwards. Secondly, we have come to see the interaction of British desires for political security on the one hand and a steady income from land and other taxes as producing a situation first of depression in the first half of the nineteenth century and later of gradual underdevelopment at the end of the nineteenth and the beginning of the twentieth. It is therefore possible now to understand the unwillingness of the British administration in India to engage in any large-scale developmental activity which would upset the political balance which the British had established early in their relationship with landed and mercantile groups in the area. In this essay, I should like to address the connection between British support for landed groups in the agrarian area outside of Madras on the one hand and the colonial ‘discovery’ and reinforcement of traditions on the other, to understand both the nature of colonial control strategies and the genesis of Indian revivalism.
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  • 58
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 1-11 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Materialart: Digitale Medien
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  • 59
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 1-2 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Materialart: Digitale Medien
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  • 60
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 121-166 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: John Stuart Mill provides a classic defense of individual and group rights to liberty with respect to purely private or self-regarding matters:The only part of the conduct of any one, for which he is amenable to society, is that which concerns others. In the part which merely concerns himself ... directly, and in the first instance, ... his independence is, of right, absolute.... From this liberty of each individual, follows the liberty, within the same limits, of combination among individuals; freedom to unite, for any purpose not involving harm to others: the persons combining being supposed to be of full age, and not forced or deceived. (1859, pp. 224–26)
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 167-188 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: Economic approaches to both social evaluation and decision-making are typically Paretian or utilitarian in nature and so display commitments to both welfarism and consequentialism. The contrast between the economic approach and any rights-based social philosophy has spawned a large literature that may be divided into two branches. The first is concerned with the compatibility of rights and utilitarianism (or Pare-tianism) seen as independent moral forces (e.g., the debate on the possibility of a Paretian liberal). This branch of the literature may be characterized as an example of the broader debate between the teleological and deontological approaches. The second is concerned with the possibility that substantial rights may be grounded in utilitarianism (or Pare-tianism) with the moral force of rights being derived from more basic commitments to welfarism and consequentialism. This branch of the literature may be characterized as an exploration of the flexibility of the teleological approach, and, in particular, its ability to give rise to views more normally associated with the deontological approach. This essay is concerned with the second branch of the literature.
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  • 62
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 209-234 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: In a recent article in this journal, D. Wade Hands (1987) reviewed Charles Taylor's two-volume work, Philosophical Papers (1985). Hands predicts that Taylor's work will have no impact on the philosophy of economics. This may indeed turn out to be the case; but if so, it will only be because the profession is not listening. Of course, it is typical of the profession to be more interested in exporting its product than in learning from other disciplines. This is exemplified in Hands's use of the term “philosophy of economics” – philosophy is the handmaiden of the highly successful enterprise of economics. But this journal is called Economics and Philosophy, which means that a conversation requiring an openness and attentiveness is called for between economics and philosophy.
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  • 63
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 189-208 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: One of the fundamental components of the concept of economic rationality is that preference orderings are “complete,” i.e., that all alternative actions an economic agent can take are comparable (Arrow, 1951; De-breu, 1959). The idea that all actions can be ranked may be called the single utility assumption. The attractiveness of this assumption is considerable. It would be hard to fathom what choice among alternatives means if the available alternatives cannot be ranked by the chooser in some way. In addition, the efficiency criterion makes sense only if one can infer that an individual's choice reflects the best, in expected welfare terms, among all choices that individual could have made (Sen, 1982a). The possibility that a rearrangement of resources could make someone “better off” without making others “worse off” can be understood only if the post-rearrangement world is comparable with the pre-rearrange-ment world.
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  • 64
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 235-253 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: Parfit's requirements for an ideal Theory X cannot be fully met since the Mere Addition Principle and Non-Antiegalitarianism imply the Repugnant Conclusion: Theory X does not exist. However, since the Repugnant Conclusion is really compelling, the Impersonal Total Principle should be adopted for impartial comparisons concerning future generations. Nevertheless, where our own interests are affected, we may yet choose to be partial, trading off our concern for future (or others') goodness with our self-interests. Theory X' (maximization of number-dampened total utility) meets all Parfit's requirements except the Mere Addition Principle in less compelling cases.
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  • 65
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 1-4 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 66
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 1-2 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 67
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 255-261 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 68
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 1-6 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 69
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 7-18 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: Should social preferences conform to the principles of rationality we normally expect of individuals? Should they, for instance, conform to the consistency axioms of expected utility theory? This article considers one fragment of this question.
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  • 70
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 19-32 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: A recent paper by David Levy (1987) focuses on “utility enhancing consumption constraints.” Levy concludes by noting that his analysis stays within standard utility maximizing theory, in contrast to my analysis of rule-governed behavior (Heiner, 1983, 1985a, 1985b, 1986, 1988a, 1988b, 1988c) which allows imperfect decisions that don't always maximize utility. I wish to show how our two theories can be integrated, thereby representing complementary, rather than conflicting, explanations. In the process, I argue that imperfect decisions are an essential factor in the stability of any rule that constrains freedom of choice. I also briefly discuss certain intrinsic problems with achieving “self-stabilizing” rules applied to moral teachings.
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  • 71
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 47-54 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: Basic liberty, according to Rawls's first principle of justice, is not to be sacrificed for other values such as wealth. And, according to his second principle of justice, the material well-being of the worst-off members of society is not to be sacrificed to benefit better-off members of society. These trade-offs would be unjust, according to Rawls, no matter how small the sacrifice or how large the offsetting benefit. A decision-maker conforming to Rawls's theory, who is unwilling to sacrifice some values in favor of others, has lexical preferences. Lexical preferences, however, are not encountered in studies of consumer demand for market goods. Since goods trade off within the range of choices studied in demand theory, it seems to economists that political values ought to trade off as well.
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  • 72
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 33-46 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: The social discount rate – the rate at which future benefit flows from government investment are discounted to present value – has been a frequent subject of technical debate among professional economists. From a broader perspective, however, the selection of an appropriate rate enjoins consideration of questions that define the very contours of our public philosophy. It carries implicit assumptions about the nature of citizenship, the relation between public and private spheres, and, most singularly, the status of a political society as it is located in time. A key determinant of intertemporal economic allocation, the social discount rate provides a unique registry of a polity's historical consciousness and perceptions of its intergenerational obligations. Yet the highly technical nature of the debate over the discount rate has proven inhospitable to scholars otherwise inclined to investigate its ethical dimensions. Some, notably A. K. Sen, have begun to address these philosophical issues, though much territory remains to be explored.
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    Cambridge : Cambridge University Press
    Economics and philosophy 5 (1989), S. 69-78 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 74
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 337-340 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 341-342 
    ISSN: 0266-2671
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    Thema: Philosophie , Wirtschaftswissenschaften
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 342-349 
    ISSN: 0266-2671
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    Thema: Philosophie , Wirtschaftswissenschaften
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  • 77
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    Cambridge : Cambridge University Press
    Economics and philosophy 4 (1988), S. 1-3 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 78
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    Cambridge : Cambridge University Press
    Economics and philosophy 3 (1987), S. 1-2 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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    Cambridge : Cambridge University Press
    Economics and philosophy 3 (1987), S. 1-7 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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    Cambridge : Cambridge University Press
    Economics and philosophy 3 (1987), S. 177-178 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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  • 81
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    Cambridge : Cambridge University Press
    Economics and philosophy 2 (1986), S. 1-8 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
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    Cambridge : Cambridge University Press
    Economics and philosophy 2 (1986), S. 23-53 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: In The Enterprise of Knowledge (Levi, 1980a), I proposed a general theory of rational choice which I intended as a characterization of a prescriptive theory of ideal rationality. A cardinal tenet of this theory is that assessments of expected value or expected utility in the Bayesian sense may not be representable by a numerical indicator or indeed induce an ordering of feasible options in a context of deliberation. My reasons for taking this position are related to my commitment to the inquiry-oriented approach to human knowledge and valuation favored by the American pragmatists, Charles Peirce and John Dewey. A feature of any acceptable view of inquiry ought to be that during an inquiry points under dispute ought to be kept in suspense pending resolution through inquiry.
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  • 83
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 151-188 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: If one is an egalitarian, what should one want to equalize? Opportunities or outcomes? Resources or welfare? These positions are usually conceived to be very different. I argue in this paper that the distinction is misconceived: the only coherent conception of resource equality implies welfare equality, in an appropriately abstract description of the problem. In this section, I motivate the program which the rest of the paper carries out.
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 189-211 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: When economists pay homage to the wisdom of the distant past (not the most common of professional exercises) it is more likely that a work two decades old is being admired than one two centuries old. Economics is a science, and the sciences are noteworthy for their digestion and assimilation of the work of previous generations. Contributions remain only as accretions to the accepted body of knowledge; the writings and the writers disappear almost without trace. A conspicuous exception to this rule of professional cannibalization is Adam Smith. Since 1776 he has not lacked for honors that have escaped even his most illustrious peers. Who, after all, wears a David Ricardo necktie? So to the author of The Wealth of Nations, all praise!
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 289-289 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Materialart: Digitale Medien
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  • 86
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 286-288 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: The central argument of this interesting paper is that Popper appears to be inconsistent: on the one hand, he preaches methodological monism-scientific method in the social sciences is identical to scientific method in the natural sciences-and on the other hand he advocates “situational analysis” as the unique method of the social sciences. Situational analysis is nothing but our old neoclassical friend, the rationality principle-individual maximizing behavior subject to constraints-and thus, Popper seems to be saying, neoclassical economics is the only valid kind of social science.
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  • 87
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 290-294 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: It is easy for a professional philosopher who reads Learner's essay “Let's Take the Con Out of Econometrics” to find a great deal in it that seems contentious, cavalier, or objectionable. Philosophers may even be puzzled as to what the fuss is all about. My guess is that the sorts of complaints philosophical readers are likely to make about Learner's paper are more the result of style than substance. The substance is very important.
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  • 88
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 303-335 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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  • 89
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 295-302 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: My essay “Let's Take the Con out of Econometrics” is intended to be an amusing, titillating, and even annoying distillation of ideas that I have published in a more formal, academic style in many different locations over the course of several years. As far as I could tell, these ideas were widely ignored until I adopted the more contentious style of “Con,” which, since its publication two years ago, has been reprinted in two volumes and excerpted in two others. There is something to be learned from this episode about the sociology of ideas. Notoriety, however, is a mixed blessing, since now I find myself spending too much of my time trying to explain what I meant.
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  • 90
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Materialart: Digitale Medien
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  • 91
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 351-352 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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  • 92
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 1-2 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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  • 93
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Materialart: Digitale Medien
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  • 94
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 1-2 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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  • 95
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 110-125 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: This essay is a review of Ronald Dworkin's recent essay on equality of resources (Dworkin, 1981b). Many of the ideas discussed by Dworkin have also been examined by economists with, I believe, considerable insight. Unfortunately, economists tend to write for economists, not for philosophers, and their insights are seldom communicated properly to noneconomists. Of course, the same criticism can be levied on philosophers! But perhaps legal theorists are less subject to this criticism. One of the great contributions of Dworkin is that he is very readable; and the quality of his exposition makes these ideas accessible to a wide audience of philosophers, lawyers, and social scientists in general.
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  • 96
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 128-133 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Notizen: There is a simple joy in finding that the emperor has positively no clothes and especially when the finger is pointed in ribald good English. Donald McCloskey does this service in “The Rhetoric of Economics”, where he argues with force and wit that “modernism” (meaning, roughly, positivism, as in “Positive Economics”) will do as an account neither of what economists do nor of what it makes philosophical sense for them to attempt. Instead they should recognize that models are always metaphors and should make a virtue of the literary devices, which they in fact rely on. Armed with the craft of rhetoric and a new “poetics of economics,” they will achieve better writing, better teaching, better foreign relations, better science and better dispositions.
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  • 97
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 139-142 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Materialart: Digitale Medien
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  • 98
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    Cambridge : Cambridge University Press
    Economics and philosophy 1 (1985), S. 142-146 
    ISSN: 0266-2671
    Quelle: Cambridge Journals Digital Archives
    Thema: Philosophie , Wirtschaftswissenschaften
    Materialart: Digitale Medien
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  • 99
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 1-1 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
    Materialart: Digitale Medien
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  • 100
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    New York : Cambridge University Press
    Econometric theory 3 (1987), S. 371-386 
    ISSN: 0266-4666
    Quelle: Cambridge Journals Digital Archives
    Thema: Wirtschaftswissenschaften
    Notizen: We give an expression to order O(T-1), where T is the sample size, for bias to the estimated coefficient on a lagged dependent variable when all other regressors are exogenous. The general expression is a nonlinear function of the coefficient on the lagged dependent variable, the autoregressive structure of the exogenous variables, and the coefficients on the exogenous variables. The maximum bias that can arise is a linear function of the number of exogenous regressors in the estimating equation.
    Materialart: Digitale Medien
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