The challenge of Edmund Phelps: Crises and economic models
- Autores
- Piffano, Horacio Luis Pablo
- Año de publicación
- 2012
- Idioma
- inglés
- Tipo de recurso
- documento de trabajo
- Estado
- versión enviada
- Descripción
- The paper attempts an explanation of the alleged "lack of adequate economic models" to predict and eventually avoid - through certain policy recommendations - the recurrent global or individual economic or financial and fiscal crises. In the author’s opinion, in the controversy over the "rational expectation approach” and the design of dynamic and stochastic models, have been neglected some important underlying issues in economic performance, such as the very crucial institutional enforcement basis on which economic agents operate, including particularly government agents. The Public Choice School and modern Institutional Economics can help to understand the limitations and possibilities faced when seeking to improve the economic theory in its status as “science”.
Departamento de Economía - Materia
-
Ciencias Económicas
JEL: D7, D8, E, G2, G38, K2
economic models
crises
institutions
policies
regulations - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by/4.0/
- Repositorio
.jpg)
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/45902
Ver los metadatos del registro completo
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The challenge of Edmund Phelps: Crises and economic modelsPiffano, Horacio Luis PabloCiencias EconómicasJEL: D7, D8, E, G2, G38, K2economic modelscrisesinstitutionspoliciesregulationsThe paper attempts an explanation of the alleged "lack of adequate economic models" to predict and eventually avoid - through certain policy recommendations - the recurrent global or individual economic or financial and fiscal crises. In the author’s opinion, in the controversy over the "rational expectation approach” and the design of dynamic and stochastic models, have been neglected some important underlying issues in economic performance, such as the very crucial institutional enforcement basis on which economic agents operate, including particularly government agents. The Public Choice School and modern Institutional Economics can help to understand the limitations and possibilities faced when seeking to improve the economic theory in its status as “science”.Departamento de Economía2012info:eu-repo/semantics/workingPaperinfo:eu-repo/semantics/submittedVersionDocumento de trabajohttp://purl.org/coar/resource_type/c_8042info:ar-repo/semantics/documentoDeTrabajoapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/45902enginfo:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/doctrab/doc94_eng.pdfinfo:eu-repo/semantics/altIdentifier/issn/1853-3930info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/4.0/Creative Commons Attribution 4.0 International (CC BY 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-10-15T10:55:01Zoai:sedici.unlp.edu.ar:10915/45902Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-10-15 10:55:01.583SEDICI (UNLP) - Universidad Nacional de La Platafalse |
| dc.title.none.fl_str_mv |
The challenge of Edmund Phelps: Crises and economic models |
| title |
The challenge of Edmund Phelps: Crises and economic models |
| spellingShingle |
The challenge of Edmund Phelps: Crises and economic models Piffano, Horacio Luis Pablo Ciencias Económicas JEL: D7, D8, E, G2, G38, K2 economic models crises institutions policies regulations |
| title_short |
The challenge of Edmund Phelps: Crises and economic models |
| title_full |
The challenge of Edmund Phelps: Crises and economic models |
| title_fullStr |
The challenge of Edmund Phelps: Crises and economic models |
| title_full_unstemmed |
The challenge of Edmund Phelps: Crises and economic models |
| title_sort |
The challenge of Edmund Phelps: Crises and economic models |
| dc.creator.none.fl_str_mv |
Piffano, Horacio Luis Pablo |
| author |
Piffano, Horacio Luis Pablo |
| author_facet |
Piffano, Horacio Luis Pablo |
| author_role |
author |
| dc.subject.none.fl_str_mv |
Ciencias Económicas JEL: D7, D8, E, G2, G38, K2 economic models crises institutions policies regulations |
| topic |
Ciencias Económicas JEL: D7, D8, E, G2, G38, K2 economic models crises institutions policies regulations |
| dc.description.none.fl_txt_mv |
The paper attempts an explanation of the alleged "lack of adequate economic models" to predict and eventually avoid - through certain policy recommendations - the recurrent global or individual economic or financial and fiscal crises. In the author’s opinion, in the controversy over the "rational expectation approach” and the design of dynamic and stochastic models, have been neglected some important underlying issues in economic performance, such as the very crucial institutional enforcement basis on which economic agents operate, including particularly government agents. The Public Choice School and modern Institutional Economics can help to understand the limitations and possibilities faced when seeking to improve the economic theory in its status as “science”. Departamento de Economía |
| description |
The paper attempts an explanation of the alleged "lack of adequate economic models" to predict and eventually avoid - through certain policy recommendations - the recurrent global or individual economic or financial and fiscal crises. In the author’s opinion, in the controversy over the "rational expectation approach” and the design of dynamic and stochastic models, have been neglected some important underlying issues in economic performance, such as the very crucial institutional enforcement basis on which economic agents operate, including particularly government agents. The Public Choice School and modern Institutional Economics can help to understand the limitations and possibilities faced when seeking to improve the economic theory in its status as “science”. |
| publishDate |
2012 |
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2012 |
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info:eu-repo/semantics/workingPaper info:eu-repo/semantics/submittedVersion Documento de trabajo http://purl.org/coar/resource_type/c_8042 info:ar-repo/semantics/documentoDeTrabajo |
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http://sedici.unlp.edu.ar/handle/10915/45902 |
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eng |
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