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9 Jul 2023: generate radical novelty, in line with theory and evidence from the economics of innovation, but fundamentally at odds with a number of important tenets of equilibrium economics. ... Scholars of the economics of technical change have stressed more than

9 Jul 2023: claimants. Such an examination has been carried out by Zingales (1998) and by Rajan and Zingales (1998) who follow Williamson in pointing out that neo-classical economics is only useful for ... But Margaret Blair’s consequent difficulties lead us to

9 Jul 2023: Judge Business School; University of Cambridge;. Cambridge , UK. (ah13@cam.ac.uk). John Foster Department of Economics, University of Queensland,. ... safe haven of market failure justifications for policy intervention may reflect the fact that many

9 Jul 2023: 3. processes by which commodities, including labour power, are formed. This is not the case, however, for classical and institutional economics. ... The classical economists saw the natural or social wage as something that was socially, historically and

9 Jul 2023: 5. The Law and Finance literature is dominated by a rational approach to the effect of law, which draws on the classical theory of legal positivism as well as Transaction Cost ... Economics theory (for critical views see Deakin et al., 2017; Milhaupt and

7 Dec 2023: economics’, which from the 1990s on came to refer to idea that ‘institutions. ... a development of neo-classical economics to include the role of transaction costs.

8 Dec 2023: www.eprg.group.cam.ac.uk. Risk trading in capacity equilibrium models EPRG Working Paper 1720 Cambridge Working Paper in Economics 1757. ... It builds directly results from risk neutral welfare economics and design games(section 2).

9 Jul 2023: 450. by. Ha-Joon Chang Faculty of Economics and Centre of Development Studies,. ... The best-known of this type of argument are those based on demand complementarities and increasing returns (to scale) in manufacturing industries, which were prominent in

6 Dec 2023: Gavin C Reid, Honorary Professor in Economics & Finance, University of St Andrews, and Senior Research Associate, CBR, Cambridge University. ... Antonis Ragkousis, for his paper on Amartya Sen (Nobel Prize in Economics, 1998) as a neoclassical economist

9 Jul 2023: Among other initiatives, it triggered a movement to ‘Reinvent Economics’. The critique of classical economic theory questions the basic assumptions, principally the ‘Efficient Market Hypothesis (EMH)’ and ‘dynamic equilibrium’.