How does mainstream economics analyze the economics of resilience?

period may be an empty set. Key words: heterodox, mainstream, neoclassical, orthodox, schools of thought. Economics, like ... We discuss a selection of paradoxes and delusions surrounding mainstream economic theories related to: (1) efficiency and resource use, (2) wealth and ... May 27, 2019 ... We propose a synthesis according to which people indeed act by rules, which usually work well, but may work poorly in exceptional or contrived scenarios. Book overview. The dominant view in economics is that money and government should play only a minor role in economic life. Money, it is claimed, is more than a ... Aug 8, 2023 ... Economic models have ignored tipping points, rainfall changes and indoor work, leading them to under-estimate climate change's economic damage. Apr 9, 2023 ... The Dead Parrot in question is the "Money Multiplier": the theory that banks create money by lending out reserves. It's also called "Fractional Reserve Banking ... Mar 30, 2024 ... In this paper, I attempt to provide some answers to these questions by drawing on insights from mainstream economic theory. For example, Weintraub (1993) wrote over two decades ago that “what is mainstream economics today is neoclassical economics”. However, he defined this ... Jul 11, 2014 ... ... mainstream economics. Today, I believe, mainstream economics is completely incoherent. What do I mean by that? Well, basically if you are in ... Nov 22, 2019 ... It is a money-making economy. You can print money indefinitely, but you cannot turn it into value under capitalism without the exploitation of ...