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What is Economic Philosophy?
Monday, October 2nd, 2006
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Summary: Claus Dierksmeier describes the nature of economic philosophy through its contribution to economic thinking.
Economic philosophy is still met with resistance from conventional economics. It is in the interest of business to overcome that opposition. Part of the problematic situation of the modern corporation is how theoretical models describe them. For inasmuch as academic theory informs business, flaws in the theory translate into errors in practice. Unfortunately, conventional, that is, neoclassical economics is prone ...
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