Views on Agricultural Economics' Role in Economic Thought

Notability of Substantive Elements of Economics, in Groundwork of Evolution of Economic Thought

This paper is investigating that:" resurging evolution of economic thought, EET, is brilliantly in direction with eminence of substantive elements of economics itself". It presupposes that the substantive elements of economics embraces the following package: 1- maintaining on some epistemic doctrines, including rationality, efficiency and equilibrium.2-dynamic characteristic of economic theorie...

Defining the Role of the Entrepreneur in Economic Thought: Limitations of Mainstream Economics

The main stimulus for this paper is that despite the early recognition of the need to incorporate a functional role for entrepreneurship in economics, this functional role has been absent in the modern theory of microeconomics, which largely adheres to neo-classical general equilibrium economics. This survey article, which focuses on the entrepreneur in economics shows that the strict assumptio...

Complexity economics: a different framework for economic thought

Over the last twenty-five years, a different approach to economics has been slowly birthing, and slowly growing—complexity economics. Complexity economics holds that the economy is not necessarily in equilibrium, that computation as well as mathematics is useful in economics, that increasing as well as diminishing returns may be present in an economic situation, and that the economy is not some...

Role Playing in the History of Economic Thought

A c t ive learning has been widely re c og n i zed as central in a student’s mastery of a subject (Angelo and Cross 1993; Pa s c a rella and Te renzini 1991). One type of a c t ive learning is role play i n g, wh i ch has been used effe c t ive ly in a va riety of fi e l d s . For ex a m p l e, B h awuk (1990) discusses it as a technique to foster cro s s c u l t u ra l awa reness; Smokowski (1...

Purdue Agricultural Economics Report