Economic Doctrines

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Robert D Atkinson - One of the best experts on this subject based on the ideXlab platform.

  • The Past and Future of America’s Economy
    2020
    Co-Authors: Robert D Atkinson
    Abstract:

    Robert Atkinson examines this process of change over the past 150 years and explores the responses of people and institutions. The book then analyzes today’s New Economy, including the new information technology system, and effects on markets, organizations, workers, and governance. Taking into account the historical record, the book discusses the shortcomings of prevailing liberal and conservative Economic Doctrines and lays out a new growth Economics agenda aimed at maximizing the productivity-enhancing forces of the New Economy.

  • Economic Doctrines and network policy
    Telecommunications Policy, 2011
    Co-Authors: Robert D Atkinson
    Abstract:

    Disagreements over how to craft Internet policy have become more and more contentious and political. Beyond the technical and engineering aspects are Economic questions, and the points of view of various stakeholders and participants on such network policy issues stem from differing Economic philosophies. This paper postulates and describes four competing Economic Doctrines: conservative neoclassical, liberal neoclassical, neo-Keynesian, and innovation Economics. It explains how each doctrine leads to different views of appropriate network policy and explores the influence of doctrine on four controversial network policy issues: broadband competition, net neutrality, copyright, and privacy. Understanding this doctrine based source of differences over network policy should help policy makers better understand core issues and make more informed policy decisions.

  • Economic Doctrines and approaches to antitrust
    2011
    Co-Authors: Robert D Atkinson, David B Audretsch
    Abstract:

    There is considerable disagreement on optimal antitrust policy both within the United States and between the United States and some other nations and regions. These fundamental disagreements over the right approach to competition don’t stem principally from politics, rather they stem from doctrine – the overarching view of antitrust held by regulators and other policy makers. In a new report, ITIF examines the four principle antitrust Doctrines, how they influence approaches to and positions on antitrust including on particular antitrust issues (e.g., monopoly, collusion, pricing, and mergers) and how the field of antitrust can move forward to better cope with the challenges of the 21st century, innovation-based global economy.

  • Economic Doctrines and approaches to climate change policy
    MPRA Paper, 2010
    Co-Authors: Robert D Atkinson, Darrene Hackler
    Abstract:

    In climate change, as in all policy issues, Economic philosophy has a significant influence on how people view both the problems and the solutions. For the first time, ITIF surveys four dominant schools of Economic thought and analyzes how adherents approach policy options for climate change and energy policy. With climate change and major energy legislation stalled, maybe it is time to put aside fixed philosophical notions and take a practical look on ways to address climate change in an Economically feasible way. The report reviews the principles and goals of each Economic doctrine, and offers a critique of the advantages and limitations of each doctrine's contribution to addressing the challenge of climate change.

  • network policy and Economic Doctrines
    Information Technology and Innovation Foundation, 2010
    Co-Authors: Robert D Atkinson
    Abstract:

    Disagreements over how to craft Internet policy have become more and more contentious and political. Beyond the technical and engineering aspects are Economic questions. The points of view of various stakeholders and participants on such matters as privacy, net neutrality, copyright and other issues stem from four major Economic philosophies: conservative neo-classical, liberal neo-classical, neo-Keynesian and innovation Economics.In this paper presented at the 2010 Telecommunications Policy Research Conference, ITIF President Robert D. Atkinson analyzes how prevailing Economic philosophies drive approaches to network policy in four key areas: broadband competition, net neutrality, copyright and privacy.

B. B. Podgornyi - One of the best experts on this subject based on the ideXlab platform.

R W Davies - One of the best experts on this subject based on the ideXlab platform.

  • Economic Doctrines in Transition, 1929–30
    The Industrialisation of Soviet Russia 3: The Soviet Economy in Turmoil 1929–1930, 1998
    Co-Authors: R W Davies
    Abstract:

    In the Economic debates of the mid-1920s, Bukharin argued that during the transition from NEP to socialism the ‘planning principle’ would struggle and cooperate with the ‘principle of spontaneity’ on and through the market, so that the market would be the sole regulator of the economy. But the doctrine was challenged in practice in 1928–9 by the use of coercion to obtain agricultural products from the peasantry, and by the pressures of inflation which disrupted the market. In April 1929 the party central committee rejected proposals from Bukharin and Rykov that the market should be ‘normalised’ and that ‘pressure in the sphere of trade’ should be removed, castigating them as ‘an interpretation of NEP in a liberal sense’, which would lead to ‘the renunciation of the control of market relations by the proletarian state’.1 Preobrazhensky’s rival doctrine held that two independent and hostile laws or regulators were in conflict in the Soviet economy, ‘the law of socialist accumulation’ and ‘the law of value’; the fate of socialism depended on the success of the former law in driving out the latter. At the plenum of the party central committee in April 1929, Stalin acknowledged that ‘tribute’ or surtax must be exacted from the peasants, and argued that there were ‘two aspects’ to NEP, ‘the controlling role of the state on the market’ and ‘freedom of private trade, the free play of prices on the market’; the former aspect was ‘more important to us’ than the latter.2

  • Economic Doctrines in transition 1929 30
    1998
    Co-Authors: R W Davies
    Abstract:

    In the Economic debates of the mid-1920s, Bukharin argued that during the transition from NEP to socialism the ‘planning principle’ would struggle and cooperate with the ‘principle of spontaneity’ on and through the market, so that the market would be the sole regulator of the economy. But the doctrine was challenged in practice in 1928–9 by the use of coercion to obtain agricultural products from the peasantry, and by the pressures of inflation which disrupted the market. In April 1929 the party central committee rejected proposals from Bukharin and Rykov that the market should be ‘normalised’ and that ‘pressure in the sphere of trade’ should be removed, castigating them as ‘an interpretation of NEP in a liberal sense’, which would lead to ‘the renunciation of the control of market relations by the proletarian state’.1 Preobrazhensky’s rival doctrine held that two independent and hostile laws or regulators were in conflict in the Soviet economy, ‘the law of socialist accumulation’ and ‘the law of value’; the fate of socialism depended on the success of the former law in driving out the latter. At the plenum of the party central committee in April 1929, Stalin acknowledged that ‘tribute’ or surtax must be exacted from the peasants, and argued that there were ‘two aspects’ to NEP, ‘the controlling role of the state on the market’ and ‘freedom of private trade, the free play of prices on the market’; the former aspect was ‘more important to us’ than the latter.2

John A. List - One of the best experts on this subject based on the ideXlab platform.

  • Neoclassical theory versus prospect theory: Evidence from the marketplace
    Econometrica, 2004
    Co-Authors: John A. List
    Abstract:

    Several experimental studies have provided evidence that suggest indifference curves have a kink around the current endowment level. These results, which clearly contradict closely held Economic Doctrines, have led some influential commentators to call for an entirely new Economic paradigm to displace conventional neoclassical theory—e.g., prospect theory, which invokes psychological effects. This paper pits neoclassical theory against prospect theory by investigating data drawn from more than 375 subjects actively participating in a well-functioning marketplace. The pattern of results suggests that prospect theory adequately organizes behavior among inexperienced consumers, but consumers with intense market experience behave largely in accordance with neoclassical predictions. Moreover, the data are consistent with the notion that consumers learn to overcome the endowment effect in situations beyond specific problems they have previously encountered. This “transference of behavior” across domains has important implications in both a positive and normative sense.

Ivan Jankovic - One of the best experts on this subject based on the ideXlab platform.

  • free market in a small republic Economic Doctrines of jeffersonians and jacksonians
    2019
    Co-Authors: Ivan Jankovic
    Abstract:

    In this chapter, Jeffersonian and Jacksonian traditions in Economic theory were reviewed. We found the basic continuity with the essential libertarian motiffs of the revolutionary thought (free trade, low taxes) but with an increasing level of theoretical sophistication: drawing inspiration from Adam Smith and French liberals, Jefferson, John Taylor and their followers, as well as Jacksonian economists like Leggett, Ragouet, or Gouge forged a powerful theoretical models explaining monetary and banking theory, free trade, nexus between the government and the economy, in a libertarian manner, anticipating some of the motives and arguments of the free market Economic thought of the twentieth century. Also, we find further evidence of a deep affinity between political decentralization and Economic liberty. These findings cast a strong doubt on the conventional treatments of Jeffersonian and Jacksonian Economics as being variously “agrarian” or egalitarian or proto-socialist. It is shown that this is incorrect and that the main reason for these misguided interpretations is a conceptual confusion about what capitalism means—historians very often treat mercantilist and protectionist policies as synonymous with “commercial liberalism” because it is enacted for the benefit of some business interests, and free market thought as agrarian.

  • Free Market in a Small Republic—Economic Doctrines of Jeffersonians and Jacksonians
    The American Counter-Revolution in Favor of Liberty, 2018
    Co-Authors: Ivan Jankovic
    Abstract:

    In this chapter, Jeffersonian and Jacksonian traditions in Economic theory were reviewed. We found the basic continuity with the essential libertarian motiffs of the revolutionary thought (free trade, low taxes) but with an increasing level of theoretical sophistication: drawing inspiration from Adam Smith and French liberals, Jefferson, John Taylor and their followers, as well as Jacksonian economists like Leggett, Ragouet, or Gouge forged a powerful theoretical models explaining monetary and banking theory, free trade, nexus between the government and the economy, in a libertarian manner, anticipating some of the motives and arguments of the free market Economic thought of the twentieth century. Also, we find further evidence of a deep affinity between political decentralization and Economic liberty. These findings cast a strong doubt on the conventional treatments of Jeffersonian and Jacksonian Economics as being variously “agrarian” or egalitarian or proto-socialist. It is shown that this is incorrect and that the main reason for these misguided interpretations is a conceptual confusion about what capitalism means—historians very often treat mercantilist and protectionist policies as synonymous with “commercial liberalism” because it is enacted for the benefit of some business interests, and free market thought as agrarian.