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The Other Canon Foundation
''The Other Canon Foundation'' is a center and network for research of heterodox economics founded by Erik Reinert. The name refers to the founders' message of there being another economic canon, alternative to the ruling neoclassical economics. Their suggestions, they claim, are valid for and can be applicated in the first, second and third world. History The Other Canon was founded in 2000 by Erik Reinert and 10 co-founders with different backgrounds in economics and social sciences. The founders also have distinct backgrounds coming from North America, Latin America, Asia, Eastern and Western Europe. Notable names among them are Wolfgang Drechsler, Carlota Perez and Geoffrey Hodgson. In addition to the executive chairman Erik Reinert and the earlier mentioned Drechsler, the current executive board also employs Rainer Kattel. Theories and influences The ideological foundation of The Other Canon is not defined in a left-right perspective, claiming both sides have fallen into th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heterodox Economics
Heterodox economics is any economic thought or theory that contrasts with orthodox schools of economic thought, or that may be beyond neoclassical economics.Frederic S. Lee, 2008. "heterodox economics," ''The New Palgrave Dictionary of Economics'', 2nd Edition, v. 4, pp. 2–65 Abstract. These include institutional, evolutionary, feminist, social, post-Keynesian (not to be confused with New Keynesian), ecological, Austrian, complexity, Marxian, socialist, and anarchist economics. Economics may be called ''orthodox'' or ''conventional'' economics by its critics.C. Barry, 1998. ''Political-economy: A comparative approach''. Westport, CT: Praeger. Alternatively, mainstream economics deals with the "rationality–individualism–equilibrium nexus" and heterodox economics is more "radical" in dealing with the "institutions–history–social structure nexus". A 2008 review documented several prominent groups of heterodox economists since at least the 1990s as working together with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Max Weber
Maximilian Karl Emil Weber (; ; 21 April 186414 June 1920) was a German sociologist, historian, jurist and political economist, who is regarded as among the most important theorists of the development of modern Western society. His ideas profoundly influence social theory and research. While Weber did not see himself as a sociologist, he is recognized as one of the fathers of sociology along with Karl Marx, and Émile Durkheim. Unlike Durkheim, Weber did not believe in monocausal explanations, proposing instead that for any outcome there can be multiple causes. Also unlike Durkheim, Weber was a key proponent of methodological anti-positivism, arguing for the study of social action through interpretive rather than purely empiricist methods, based on a subjective understanding of the meanings that individuals attach to their own actions. Weber's main intellectual concern was in understanding the processes of rationalisation, secularisation, and the ensuing sense of "disenchan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bengt-Åke Lundvall
Bengt-Åke Lundvall (born 1941, Sweden) is an emeritus professor in economics at the Department of Business and Management at Aalborg University. Biography Lundvall obtained his MA in economics at the University of Gothenburg in 1967. * Lundvall, Bengt-Åke, and Susana Borrás"The globalising learning economy: Implications for innovation policy" ''Report from DG XII, Commission of the European Union'' (1997): 34-39. * Lundvall, Bengt-Åke, et al.National systems of production, innovation and competence building" ''Research policy'' 31.2 (2002): 213-231. * Lundvall, Bengt-Åke and Susana Borrás (2005)Science, Technology and Innovationin The Oxford Handbook of Innovation, ed. Jan Fagerberg and David C. Mowery. Oxford University Press. * Lundvall, Bengt‐Åke. "National innovation systems—analytical concept and development tool." ''Industry and innovation'' 14.1 (2007): 95-119. * Jensen, Morten Berg, et al.Forms of knowledge and modes of innovation" ''Research policy'' 36.5 (200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ragnar Nurkse
Ragnar Wilhelm Nurkse (, Käru, Estonia (then Russian Empire) – 6 May 1959, Mont Pèlerin, Switzerland) was an Estonian-American economist and policy maker mainly in the fields of international finance and economic development. He is considered the pioneer of Balanced Growth Theory. Life Ragnar Nurkse was born in Käru village, Governorate of Livonia of the Russian Empire (now in Türi Parish, Järva County, Estonia), son of an Estonian father who worked himself up from lumberjack to estate manager, and an Estonian-Swedish mother. His parents emigrated to Canada in 1928. After finishing primary school, Nurkse attended the ''Domschule zu Reval'' in Tallinn, the most prestigious, German-language secondary school in the city, from where he graduated with higher honors in 1926. He continued his education at the law and economics' departments of the University of Tartu in 1926–1928, and then in economics at the University of Edinburgh. He graduated with a first class deg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Festschrift
In academia, a ''Festschrift'' (; plural, ''Festschriften'' ) is a book honoring a respected person, especially an academic, and presented during their lifetime. It generally takes the form of an edited volume, containing contributions from the honoree's colleagues, former pupils, and friends. ''Festschriften'' are often titled something like ''Essays in Honour of...'' or ''Essays Presented to... .'' Terminology The term, borrowed from German, and literally meaning 'celebration writing' (cognate with ''feast-script''), might be translated as "celebration publication" or "celebratory (piece of) writing". An alternative Latin term is (literally: 'book of friends'). A comparable book presented posthumously is sometimes called a (, 'memorial publication'), but this term is much rarer in English. A ''Festschrift'' compiled and published by electronic means on the internet is called a (pronounced either or ), a term coined by the editors of the late Boris Marshak's , ''Eran ud Aner ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Esben Sloth Andersen
Esben Sloth Andersen is an emeritus professor in economics at Aalborg University. Esben Sloth Andersen's research revolves around evolutionary economics with emphasis on innovation and its role in economic growth. Furthermore, he has worked with computer simulation and history of theory. Within this field, Esben Sloth Andersen was awarded the “Gunnar Myrdal prize” in 2010 by the European Association for Evolutionary Political Economy. Education Esben Sloth Andersen graduated from University of Copenhagen in 1986 and received his PhD in 1994 from Roskilde University Roskilde University ( da, Roskilde Universitet, abbreviated RUC or RU) is a Danish public university founded in 1972 and located in Trekroner in the Eastern part of Roskilde. The university awards bachelor's degrees, master's degrees, and PhD deg .... In 2010, Esben Sloth Andersen received his doctorate based on his doctoral thesis "Schumpeter's Evolutionary Economics: A Theoretical, Historical and Statistical A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph Alois Schumpeter
Joseph Alois Schumpeter (; February 8, 1883 – January 8, 1950) was an Austrian-born political economist. He served briefly as Finance Minister of German-Austria in 1919. In 1932, he emigrated to the United States to become a professor at Harvard University, where he remained until the end of his career, and in 1939 obtained American citizenship. Schumpeter was one of the most influential economists of the early 20th century, and popularized the term "creative destruction", which was coined by Werner Sombart. Early life and education Schumpeter was born in Triesch, Habsburg Moravia (now Třešť in the Czech Republic, then part of Austria-Hungary) in 1883 to German-speaking Catholic parents. Both of his grandmothers were Czech. Schumpeter did not acknowledge his Czech ancestry; he considered himself an ethnic German. His father owned a factory, but he died when Joseph was only four years old. In 1893, Joseph and his mother moved to Vienna. Schumpeter was a loyal supporter of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Third World
The term "Third World" arose during the Cold War to define countries that remained non-aligned with either NATO or the Warsaw Pact. The United States, Canada, Japan, South Korea, Western European nations and their allies represented the " First World", while the Soviet Union, China, Cuba, North Korea, Vietnam and their allies represented the "Second World". This terminology provided a way of broadly categorizing the nations of the Earth into three groups based on political divisions. Strictly speaking, "Third World" was a political, rather than an economic, grouping. Since the dissolution of the Soviet Union and the end of the Cold War, the term ''Third World'' has decreased in use. It is being replaced with terms such as developing countries, least developed countries or the Global South. The concept itself has become outdated as it no longer represents the current political or economic state of the world and as historically poor countries have transited different income stages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Trade Theory
New trade theory (NTT) is a collection of economic models in international trade theory which focuses on the role of increasing returns to scale and network effects, which were originally developed in the late 1970s and early 1980s. The main motivation for the development of NTT was that, contrary to what traditional trade models (or "old trade theory") would suggest, the majority of the world trade takes place between countries that are similar in terms of development, structure, and factor endowments. Traditional trade models relied on productivity differences (Ricardian model of comparative advantage) or factor endowment differences (Heckscher–Ohlin model) to explain international trade. New trade theorists relaxed the assumption of constant returns to scale, and showed that increasing returns can drive trade flows between similar countries, without differences in productivity or factor endowments. With increasing returns to scale, countries that are identical still have an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Krugman
Paul Robin Krugman ( ; born February 28, 1953) is an American economist, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for ''The New York Times''. In 2008, Krugman was the winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services. Krugman was previously a professor of economics at MIT, and later at Princeton University. He retired from Princeton in June 2015, and holds the title of professor emeritus there. He also holds the title of Centennial Professor at the London School of Economics. Krugman was President of the Eastern Economic Association in 2010, and is among the most influential economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comparative Advantage
In an economic model, agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Comparative advantage describes the economic reality of the work gains from trade for individuals, firms, or nations, which arise from differences in their factor endowments or technological progress. (The absolute advantage, comparing output per time (labor efficiency) or per quantity of input material (monetary efficiency), is generally considered more intuitive, but less accurate — as long as the opportunity costs of producing goods across countries vary, productive trade is possible.) David Ricardo developed the classical theory of comparative advantage in 1817 to explain why countries engage in international trade even when one country's workers are more efficient at producing ''every'' single good than workers in other countries. He ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Ricardo
David Ricardo (18 April 1772 – 11 September 1823) was a British Political economy, political economist. He was one of the most influential of the Classical economics, classical economists along with Thomas Robert Malthus, Thomas Malthus, Adam Smith and James Mill. Ricardo was also a politician, and a member of the Parliament of the United Kingdom, Parliament of Great Britain and Ireland. Personal life Born in London, England, Ricardo was the third surviving of the 17 children of successful stockbroker Abraham Israel Ricardo (1733?–1812) and Abigail (1753-1801), daughter of Abraham Delvalle (also "del Valle"), of a respectable Sephardi Jews, Sephardic Jewish family that had been settled in England for three generations as "small but prosperous" tobacco and snuff merchants, and had obtained British citizenship. Abigail's sister, Rebecca, was wife of the engraver Wilson Lowry, and mother of the engraver Joseph Wilson Lowry and the geologist, mineralogist, and author Delvalle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
