The Barnett critique states that there is an internal inconsistency between the theory implied by simple sum monetary aggregation (perfect substitutability among components) and economic produces models within which those aggregates are used. That causes appearance of unstable demand supply for money. incorrect inference money has caused serious harm to field economics.

A recent article in the Journal of Management gives a critique of a Bayesian approach to factor analysis proposed in Psychological Methods. This commentary responds to the authors’ critique by clarifying key issues, especially the use of priors for residual covariances. A discussion is also presented of cross-loadings and model selection tools. Simulated data are used to illustrate the ideas. A...

In this article we take up a critique of the concept of Communities of Practice voiced by several authors, who suggest that network may provide a better metaphor to understand social forms of organisation and learning. This critique we situate within a broader theoretical movement in socio-cultural learning theories. From this we identify some theoretical and analytical challenges to the networ...

The article argues to replace null hypothesis significance testing by confidence intervals. Correctly interpreted, confidence intervals avoid the problems associated with null hypothesis statistical testing. Confidence intervals are formally valid, do not depend on apriori hypotheses and do not result in trivial knowledge. The first part presents critique of null hypothesis significance testing...