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- Search found 4 items for:
- Other Schools of Thought
- Robert P. Murphy
- 2008
Media Asset
Author:
Robert P. Murphy
Online Publish Date:
As I have read countless analysts, including professional economists, offer “solutions” to the financial crisis, I have become more convinced of the importance of capital theory. You see this with the dichotomy people keep drawing between the financial markets and the “real economy,” a distinction that is useful for some purposes but which in this
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Anyone who peruses the top mainstream economics journals will quickly realize that economic theory has been crowded out by mathematical formalism. The neoclassical economists’ uncompromising quest for precision in their models has been achieved at the expense of the accuracy of their predictions. The old joke of the drunk searching for his keys
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Quien examine las principales revistas económicas ortodoxas se dará cuenta inmediatamente de que la teoría económica se ha llenado de formalismo matemático. La inflexible búsqueda de los economistas neoclásicos de la precisión en sus modelos se ha alcanzado a costa de la precisión en sus predicciones. El viejo chiste del borracho buscando sus