The case for increasing returns (2): the methods of planning horizons

In neoclassical economics, substitution assumptions support equilibrium models in closed systems shunning interdependence. On these grounds an array of frames show outcomes as stable, efficient, unique and determinate. Heterodox economists say equilibrium models sidestep practical knowledge and the...

Full description

Bibliographic Details
Main Author: Frederic B. Jennings Jr.
Format: Article
Language:deu
Published: Rosetti Internaţional 2016-05-01
Series:Journal of Philosophical Economics
Subjects:
Online Access: http://jpe.ro/pdf.php?id=7513