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From Galileo to Modern Economics

From Galileo to Modern Economics PDF Author: Gianfranco Tusset
Publisher: Springer
ISBN: 3319956124
Category : Business & Economics
Languages : en
Pages : 210

Book Description
Empirical laws are rare in economics. This book describes efforts to anchor economic knowledge to invariant empirical laws. It links 17th and 18th century Galilean monetary economists to econophysics, a field that emerged in the mid-1990s. This virtual journey from past to present is charted by episodes on aggregates and empirical primacy. It includes the virtually unknown story of 19th century scholars who, by searching for a stricter mathematical approach, paved the way to an ‘engineering’ view of economics. Then there are celebrities like Pareto and his first empirical law governing the distribution of wealth. Pareto and Amoroso sparked a debate on the skewed distribution that spanned decades, ranging from finance to market transformations, to econophysics, with its concepts and tools inherited from statistical physics. The last stage of the journey goes through econophysics and the recent gradual advances it has made, which show how its position vis-à-vis economics has been changing.

From Galileo to Modern Economics

From Galileo to Modern Economics PDF Author: Gianfranco Tusset
Publisher: Springer
ISBN: 3319956124
Category : Business & Economics
Languages : en
Pages : 210

Book Description
Empirical laws are rare in economics. This book describes efforts to anchor economic knowledge to invariant empirical laws. It links 17th and 18th century Galilean monetary economists to econophysics, a field that emerged in the mid-1990s. This virtual journey from past to present is charted by episodes on aggregates and empirical primacy. It includes the virtually unknown story of 19th century scholars who, by searching for a stricter mathematical approach, paved the way to an ‘engineering’ view of economics. Then there are celebrities like Pareto and his first empirical law governing the distribution of wealth. Pareto and Amoroso sparked a debate on the skewed distribution that spanned decades, ranging from finance to market transformations, to econophysics, with its concepts and tools inherited from statistical physics. The last stage of the journey goes through econophysics and the recent gradual advances it has made, which show how its position vis-à-vis economics has been changing.

From Oikonomia to Political Economy

From Oikonomia to Political Economy PDF Author: Germano Maifreda
Publisher: Routledge
ISBN: 1317131983
Category : History
Languages : en
Pages : 312

Book Description
Renaissance Europe witnessed a surge of interest in new scientific ideas and theories. Whilst the study of this 'Scientific Revolution' has dramatically shifted our appreciation of many facets of the early-modern world, remarkably little attention has been paid to its influence upon one key area; that of economics. Through an interrogation of the relationship between economic and scientific developments in early-modern Western Europe, this book demonstrates how a new economic epistemology appeared that was to have profound consequences both at the time, and for subsequent generations. Dr Maifreda argues that the new attention shown by astronomers, physicians, aristocrats, men of letters, travellers and merchants for the functioning of economic life and markets, laid the ground for a radically new discourse that envisioned 'economics' as an independent field of scientific knowledge. By researching the historical context surrounding this new field of knowledge, he identifies three key factors that contributed to the cultural construction of economics. Firstly, Italian Humanism and Renaissance, which promoted new subjects, methods and quantitative analysis. Secondly, European overseas expansion, which revealed the existence of economic cultures previously unknown to Europeans. Thirdly factor identified is the fifteenth- and sixteenth-century crisis of traditional epistemologies, which increasingly valued empirical scientific knowledge over long-held beliefs. Based on a wide range of published and archival sources, the book illuminates new economic sensibilities within a range of established and more novel scientific disciplines (including astronomy, physics, ethnography, geology, and chemistry/alchemy). By tracing these developments within the wider social and cultural fields of everyday commercial life, the study offers a fascinating insight into the relationship between economic knowledge and science during the early-modern period.

Three Great Economists

Three Great Economists PDF Author: D. D. Raphael
Publisher: Oxford University Press, USA
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 414

Book Description
Past Masters is a series of concise, lucid, authoritative introductions to the thought of leading intellectual figures of the past whose ideas still influence the way we think today. This text contains studies of 3 influential economic theorists.

Galileo’s Thinking Hand

Galileo’s Thinking Hand PDF Author: Horst Bredekamp
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110539217
Category : Art
Languages : en
Pages : 375

Book Description
Contemporary biographies of Galilei emphasize, in several places, that he was a masterful draughtsman. In fact, Galilei studied at the art academy, which is where his friendship with Ludovico Cigoli developed, who later became the official court artist. The book focuses on this formative effect – it tracks Galilei’s trust in the epistemological strength of drawings. It also looks at Galilei’s activities in the world of art and his reflections on art theory, ending with an appreciation of his fame; after all, he was revered as a rebirth of Michelangelo. For the first time, this publication collects all aspects of the appreciation of Galilei as an artist, contemplating his art not only as another facet of his activities, but as an essential element of his research.

The Making of Modern Economics

The Making of Modern Economics PDF Author: Mark Skousen
Publisher: Routledge
ISBN: 1317455878
Category : Business & Economics
Languages : en
Pages : 512

Book Description
Here is a bold history of economics - the dramatic story of how the great economic thinkers built today's rigorous social science. Noted financial writer and economist Mark Skousen has revised and updated this popular work to provide more material on Adam Smith and Karl Marx, and expanded coverage of Joseph Stiglitz, 'imperfect' markets, and behavioral economics.This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues through the present day. The text examines the contributions made by each individual to our understanding of the role of the economist, the science of economics, and economic theory. To make the work more engaging, boxes in each chapter highlight little-known - and often amusing - facts about the economists' personal lives that affected their work.

Regenerative Oikonomics

Regenerative Oikonomics PDF Author: Andri Werner Stahel
Publisher: Springer Nature
ISBN: 3030956997
Category : Business & Economics
Languages : en
Pages : 301

Book Description
This book presents a unique real-world-centred approach to economic life from a phenomenological approach. It offers a much-needed alternative to conventional economic thinking, giving a transdisciplinary depiction of the economic process’s social, cultural, technological, political, and ecological dimensions. Doing so appeals to students and researchers in economics aiming to get an alternative to the reductionist model-based approach. Written in a jargon-free and non-technical way, it appeals to non-economists alike and those seeking a more profound and living understanding of the economic process. What is the role of nature in the economic process? Is there more to economics than we have been told? Do we have infinite needs? What are these needs? Can we keep on growing forever? Does economic growth improve our wellbeing? Why is the income gap widening? What is the role of financial capital in our current world? Are there other forms of producing, distributing, and consuming wealth beyond markets? What are the functions of markets, and how do they work in the real world? These and many other aspects are discussed in living and holistic ways in this book. It is a must-read for all those interested in gaining a more profound and genuine understanding of our current reality and those looking for ways out of our current crises.

Social Ontology and Modern Economics

Social Ontology and Modern Economics PDF Author: Stephen Pratten
Publisher: Routledge
ISBN: 1317703901
Category : Business & Economics
Languages : en
Pages : 605

Book Description
Economists increasingly recognise that engagement with social ontology – the study of the basic subject matter and constitution of social reality - can facilitate more relevant analysis. This growing recognition amongst economists of the importance of social ontology is due very considerably to the work of members of the Cambridge Social Ontology Group. This volume brings together important papers by members of this group, some previously unpublished, in a collection that reveals the breadth and vitality of this Cambridge project. It provides a brilliant introduction to the central themes explored, perspectives sustained, insights achieved and how the project is moving forward. An initial set of papers examine how ontology is understood and justified within this Cambridge project and consider how it compares with prominent historical and contemporary alternatives. The majority of the included papers involve social ontological analysis being put to work directly in underlabouring for specific types of development in economics. The papers are grouped according to their contribution to clarifying and developing (i) various competing traditions and projects of modern economics, (ii) history of thought contributions, (iii) methodological concerns, (iv) ethics and (v) conceptions of particular aspects of social reality, including money, gender, technology and institutions. Background to and a brief history of the Cambridge group is provided in the Introduction. Social Ontology and Modern Economics will be of interest not only to economists but also philosophers of social science, social theorists and those eager to explore the nature of gender, social institutions and technology.

Galileo Unbound

Galileo Unbound PDF Author: David D. Nolte
Publisher: Oxford University Press
ISBN: 0192528505
Category : Science
Languages : en
Pages : 384

Book Description
Galileo Unbound traces the journey that brought us from Galileo's law of free fall to today's geneticists measuring evolutionary drift, entangled quantum particles moving among many worlds, and our lives as trajectories traversing a health space with thousands of dimensions. Remarkably, common themes persist that predict the evolution of species as readily as the orbits of planets or the collapse of stars into black holes. This book tells the history of spaces of expanding dimension and increasing abstraction and how they continue today to give new insight into the physics of complex systems. Galileo published the first modern law of motion, the Law of Fall, that was ideal and simple, laying the foundation upon which Newton built the first theory of dynamics. Early in the twentieth century, geometry became the cause of motion rather than the result when Einstein envisioned the fabric of space-time warped by mass and energy, forcing light rays to bend past the Sun. Possibly more radical was Feynman's dilemma of quantum particles taking all paths at once — setting the stage for the modern fields of quantum field theory and quantum computing. Yet as concepts of motion have evolved, one thing has remained constant, the need to track ever more complex changes and to capture their essence, to find patterns in the chaos as we try to predict and control our world.

Galileo Galilei’s “Two New Sciences”

Galileo Galilei’s “Two New Sciences” PDF Author: Alessandro De Angelis
Publisher: Springer Nature
ISBN: 3030719529
Category : Science
Languages : en
Pages : 193

Book Description
This book aims to make Galileo Galilei (1564-1642) accessible to the modern reader by refashioning the great scientist's masterpiece "Discourses and Mathematical Demonstrations Relating to Two New Sciences" in today's language. Galileo Galilei stands as one of the most important figures in history, not simply for his achievements in astronomy, physics, and engineering and for revolutionizing science and the scientific method in general, but also for the role that he played in the (still ongoing) drama concerning entrenched power and its desire to stifle any knowledge that may threaten it. Therefore, it is important that today's readers come to understand and appreciate what Galilei accomplished and wrote. But the mindset that shapes how we see the world today is quite different from the mindset -- and language -- of Galilei and his contemporaries. Another obstacle to a full understanding of Galilei's writings is posed by the countless historical, philosophical, geometrical, and linguistic references he made, along with his often florid prose, with its blend of Italian and Latin. De Angelis' new rendition of the work includes translations of the original geometrical figures into algebraic formulae in modern notation and allows the non-specialist reader to follow the thread of Galileo's thought and in a way that was barely possible until now.

SOCIO-ECONOMIC DEVELOPMENT OF MODERN UKRAINIAN SOCIETY AGAINST THE BACKGROUND OF EUROPEAN TRANSFORMATIONS

SOCIO-ECONOMIC DEVELOPMENT OF MODERN UKRAINIAN SOCIETY AGAINST THE BACKGROUND OF EUROPEAN TRANSFORMATIONS PDF Author: Levchuk K., Bogatchuk S., Bogatchuk V., Belkin I., Makarov Z
Publisher: International Science Group
ISBN:
Category : Business & Economics
Languages : en
Pages : 178

Book Description
The collective monograph is devoted to the study of trends in the development of modern Ukrainian society. The research uses an interdisciplinary approach, which allows analyzing various aspects of the development ofsocial processes in Ukraine and obtaining socially significant scientific results. The subject of Kostyantyn Levchuk's scientific interests is the study of the activities of public organizations of Ukraine in the first half of the 90s of the 20th century. The economic crisis contributed to the strengthening of the social vector in the activities of public organizations. Legislated social guarantees were not fully implemented, which prompted public organizations to use various forms and methods aimed at protecting vulnerable social strata in the context of the crisis. The practical and law-making activities of the most significant public organizations are analyzed: the Red Cross Society of Ukraine, organizations for the protection of the rights of veterans and victims of the accident at the Chernobyl nuclear power plant. Svitlana Bogatchuk's scientific research covers the period of Soviet collectivization of the Ukrainian countryside in 1932-1933, which became one of the most terrible pages of our history. Many scientific works are devoted to the study of this problem. It was analyzed that the greatest losses during the Holodomor period of 1932-1933 were observed among the peasants of Ukraine, although there were also deaths among the urban population. Huge child mortality is a direct consequence of Stalin's policy of collectivization. The Bolshevik authorities hushed up and denied the fact of famine in Ukraine. Ihor Belkin's scientific research is focused on the study of the process of marketing planning of entrepreneurial activity. The modern global practice of managing campaigns that have achieved significant economic success shows numerous examples of the application of planning one's own economic processes. On the other hand, as the analysis shows, when companies do not apply planning, they mostly face bankruptcy problems. With the development of market relations, the planning of economic processes at enterprises requires more and more attention. In our country, the first business plans appeared at the beginning of the 90s of the last century, however, with the development of the market economy and the spread of international cooperation, the need to develop a plan is becoming more urgent. Nowadays, planning is becoming a mandatory process, which is necessary to improve the methods of calculating the economic efficiency of management decisions and the feasibility of investment investments. In the work of Zorislav Makarov, the methodological legitimation of randomness in scientific knowledge is proposed by explicating the possibilities of the activity approach to its study. In particular, as a result of the analysis of the relationship between rationality and randomness in the structure of general scientific methods, cognitive and sociological sources of randomness in the pragmatic scientific method, stochastic parameters in the post-nonclassical dynamics of scientific knowledge, as well as subjective and objective prerequisites for the post-nonclassical emancipation of rationality and determinism were revealed. At the end of the study, the status of humanities and natural sciences in the perspective of post-non-classical integration is outlined. The content of the collective monograph corresponds to the research direction of the Department of History of Ukraine and Philosophy of Vinnytsia National Agrarian University. The monograph is the result of the initiative topic "Research of trends in socio-economic development and consolidation of Ukrainian society in the modern history of Ukraine". State registration number 0122U001425. Head of subject, Doctor of Science, Professor K. I. Levchuk). The monograph uses: socio-philosophical approach, historical-genetic method, statistical analysis, sociological and economic research methods.