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Economic Science (economic + science)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	50%

Selected Abstracts

The Continuing Muddles of Monetary Theory: A Steadfast Refusal to Face Facts

ECONOMICA, Issue 2009
C. A. E. GOODHART
Lionel Robbins was concerned about the methodology of economic science. When he discussed the relationship between theory and ,reality', two of the examples of inappropriate relationships were taken from monetary economics. Such shortcomings continue. Among the worst are: (1) IS/LM: whereby the monetary authorities set the monetary base, and the interest rate is market determined; (2) the monetary base multiplier of bank deposits, and the role of reserve ratios; (3) the current three-equation neoclassical consensus, assuming perfect creditworthiness, and hence no need for banks; (4) the analysis of the evolution of money. [source]

Economists' Opinions of Economists' Work

AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 2 2007
William L. Davis
Economists' credibility has been waning in recent years. Critics usually cite the profession's preoccupation with abstract reasoning and its focus on seemingly irrelevant topics that hold little interest for individuals outside the discipline. While economic science has enormous potential for improving living standards, the profession's adverse reputation is indicative of a discipline seemingly void of any social contribution. This article presents the results of a recently conducted survey of professional economists. The survey was undertaken to ascertain economists' opinions of their own professional work, including the progress of economic research, its usefulness for society, and factors that determine the publication of that research. [source]

A current overview of consumer neuroscience

JOURNAL OF CONSUMER BEHAVIOUR, Issue 4-5 2008
Mirja Hubert
The emerging discipline of neuroeconomics employs methods originally used in brain research for investigating economic problems, and furthers the advance of integrating neuroscientific findings into the economic sciences. Neuromarketing or consumer neuroscience is a sub-area of neuroeconomics that addresses marketing relevant problems with methods and insights from brain research. With the help of advanced techniques of neurology, which are applied in the field of consumer neuroscience, a more direct view into the "black box" of the organism should be feasible. Consumer neuroscience, still in its infancy, should not be seen as a challenge to traditional consumer research, but constitutes a complementing advancement for further investigation of specific decision-making behavior. The key contribution of this paper is to suggest a distinct definition of consumer neuroscience as the scientific proceeding, and neuromarketing as the application of these findings within the scope of managerial practice. Furthermore, we aim to develop a foundational understanding of the field, moving away from the derisory assumption that consumer neuroscience is about locating the "buy button" in the brain. Against this background the goal of this paper is to present specific results of selected studies from this emerging discipline, classified according to traditional marketing-mix instruments such as product, price, communication, and distribution policies, as well as brand research. The paper is completed by an overview of the most prominent brain structures relevant for consumer neuroscience, and a discussion of possible implications of these insights for economic theory and practice. Copyright © 2008 John Wiley & Sons, Ltd. [source]

Aufstieg und Fall der Kolonialwissenschaften im Nationalsozialismus

BERICHTE ZUR WISSENSCHAFTSGESCHICHTE, Issue 4 2003
Karsten Linne Dr. phil.
Abstract The German colonial plans concerning Africa in the era of National Socialism ascribed a central role the sciences. Scientists of all possible fields launched into activities. Especially subjects which were directly related to the practice of colonial policies, e.g., African languages, ethnology, law, economic sciences, and medicine, were developed. There were colonial ambitions at nearly every German university, but there was one which was designated to become the centre of colonial sciences: the university of Hamburg. It has to be realized that working in this field of studies protected scientists from being drafted by the army for a long time. [source]