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“…In contrast to mainstream economics, complexity theory conceives the economy as a complex system of heterogeneous interacting agents characterised by limited information and bounded rationality. …”
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“…The aim of this contribution is to stimulate research in order to close serious knowledge gaps in mainstream economics that the recent financial and economic crisis has revealed. …”
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“…The related concept of the ‘homo economicus’ is at the core of mainstream economics. However, there is also experimental and empirical evidence for other-regarding preferences. …”
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“…Its core theoretical breakthrough is the replacement of conventional single-value (net cost OR net benefit), single-period exogenous lottery outcomes as utilized within mainstream economics, with endogenous multi-period outcomes that always contain both personal total benefit (B) and personal total cost (C), including certain (deliberate) and uncertain components, with cause and effect running in at least one direction. …”
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“…The development of these sciences may indicate the need to reformulate all mainstream economics from its foundations.…”
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“…Among them, the GVC accounting method based on complex network theory is different from the mainstream economics in both research angle and content. …”
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“…We discuss the foundational principles of mainstream economic valuation in terms of its assumptions about values, markets, and human behaviour; propose a list of valuation studies in relation to wildlife protection; and explain the methods used. …”
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“…Adhering to these standards will have the effect of focusing on the adequacy of proposed core impact measures, with a filter in place to accept only those that meet the standards not only of the physical sciences but also mainstream economics. and health economics. Fortunately, we are well aware of what the criteria for acceptance and rejection of the core impacts within disease states should be in terms of their required attributes and their relevance for supporting evaluable value claims, notably for patient reported outcomes, Rasch or modern measurement theory. …”
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“…It is therefore important that researchers within health economics work more closely with those in mainstream economics and keep abreast of the wider economics and behavioral sciences to expedite the uptake of new and relevant ideas.…”
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“…In order to reap these benefits, the subsequent absorption of the rehabilitated blind and their carers into mainstream economic activity is as important as their effective rehabilitation.…”
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“…BACKGROUND: Mainstream economic evaluations methods may not be appropriate to capture the range of effects triggered by interventions for people with intellectual disabilities. …”
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“…We operationalize insights from feminist economics and political economy to analyse the agenda‐setting documents of the European Semester – the Annual Growth Surveys (AGS) – showing how the much‐debated integration of social goals into the European Semester is fundamentally constrained by mainstream economic epistemologies. These epistemologies misrepresent interrelationships between the productive economy and the reproductive labour needed to maintain it. …”
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“…The findings suggest that—in addition to mainstream economic, regulatory, and political factors—a tradeoff exists between distance and culture in attracting FDI. …”
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“…As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. …”
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“…Mainstream economic theory outlines four main causes of market failure and it is already well established that two of these (information failure and externalities) exist in a tobacco market. …”
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