author: lawrence boland

... statistical mean corresponding to zero error. But, for the purposes of logical inferences, we must specify in what circumstances such an assumption would be considered 'false' and in what circumstances it would be considered 'true' (in ...

... Economics began to earn a following, the concept of a social institution was not often specified in economic models. Generally, in shortrun neoclassical models it was accepted that institutions exist potentially to constrain all ...

... neoclassical literature seems willing or able to critically examine these fundamental ideas. Outside of neoclassical literature, however, one can find many critiques that are focused on what are claimed to be essential but neglected ...