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Counter-economics is the study of the Counter-Economy and its practices. The Counter-Economy includes the free market, the Black Market, the "underground economy," all acts of civil and social disobedience, all acts of forbidden association (sexual, racial, cross-religious), and anything else the State, at any place or time, chooses to prohibit ...
Econophysics is a non-orthodox (in economics) interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics.
"Assume a can opener" is a catchphrase used to mock economists and other theorists who base their conclusions on unjustified or oversimplified assumptions. [1] [2]The phrase derives from a joke which dates to at least 1970 and possibly originated with British economists. [3]
Marginalism is an economic theory and method of analysis that suggests that individuals make economic decisions by weighing the benefits of consuming an additional unit of a good or service against the cost of acquiring it. In other words, value is determined by the additional utility of satisfaction provided by each extra unit consumed.
The authors of a book titled Neuroliberalism: Behavioural Government in the Twenty-First Century (2017), argue that, while there is much value and diversity in behavioural approaches to government, there are significant ethical issues, including the danger of the neurological sciences being co-opted to the needs of neo-liberal economics.
An inverse problem in science is the process of calculating from a set of observations the causal factors that produced them: for example, calculating an image in X-ray computed tomography, source reconstruction in acoustics, or calculating the density of the Earth from measurements of its gravity field. It is called an inverse problem because ...
The subject of counterfactual definiteness receives attention in the study of quantum mechanics because it is argued that, when challenged by the findings of quantum mechanics, classical physics must give up its claim to one of three assumptions: locality (no "spooky action at a distance"), no-conspiracy (called also "asymmetry of time"), [4] [5] or counterfactual definiteness (or "non ...
The renormalization group prediction (cf. Stueckelberg–Petermann and Gell-Mann–Low works) was confirmed 40 years later at the LEP accelerator experiments: the fine structure "constant" of QED was measured [6] to be about 1 ⁄ 127 at energies close to 200 GeV, as opposed to the standard low-energy physics value of 1 ⁄ 137.