PinnedEconomy 5.0It is since the 18th century enlightenment, when the need for understanding human behavior in a…To this day, it maybe these 2 contrarian approaches, that one finds within the debate about whether neo classical economics is a science…Apr 20, 2023Apr 20, 2023
Economy 5.0A List of References | Ecological EconomicsIn order to write Economy 5.0, I reviewed relevant texts that could explain why classical economics would not account for the ecologic…Apr 20, 2023Apr 20, 2023
Economy 5.0Economic Sufficiency as determinant for Ecologic SustainabilityNicholas Georgescu-Roegen, widely considered the founding father of Ecological Economics once noted that “…Economics will have to merge…Apr 20, 2023Apr 20, 2023
Economy 5.0Redefining Economic CapitalJust like in Financial Accounting, the ecologic footprint is a pragmatic calculation method for natural accounting. It is based on the…Apr 20, 2023Apr 20, 2023
Economy 5.0To understand “what is next” within the evolution of human organization, it seems hence plausible…The parasite stress theory of human Values and Morals is today being researched as a general theory of human culture at departments of…Apr 20, 2023Apr 20, 2023
Economy 5.0The perfect beauty of nature is only matched by its cruelty and efficiency.Speaking of nature, one must wonder when the social sciences de-coupled themselves from its parent that is biology. After all it was…Apr 20, 2023Apr 20, 2023
Economy 5.0A Sociology of PowerThe relationship between Sociology and Economics has always been a difficult one. Whereas Economic modeling helped organize human activity…Apr 20, 2023Apr 20, 2023
Economy 5.0During the Asian crises in 1997, financial investors were for the first time taken by surprise by…Theoretically, capital markets are efficient markets for moving supply of large aggregate funds to where it is most demanded for…Apr 20, 2023Apr 20, 2023
Economy 5.0Daniel Bernoulli’s formulated his utilitarian theory assumptions in 1738 that people’s preferences…Dayal (2014) for example argues that the subject of environmental economics is basically a cost-benefit study of the deadweight loss…Apr 20, 2023Apr 20, 2023
Economy 5.0Trust and Non-LinearitySo it does seem that economics foremost tries to verify assumptions, by introducing further assumptions which quickly become Axioms. At its…Apr 20, 2023Apr 20, 2023