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Articles 1 - 11 of 11

Full-Text Articles in Behavioral Economics

Mindscapes And Landscapes: Hayek And Simon On Cognitive Extension, Leslie Marsh Oct 2012

Mindscapes And Landscapes: Hayek And Simon On Cognitive Extension, Leslie Marsh

Leslie Marsh

Hayek’s and Simon’s social externalism runs on a shared presupposition: mind is constrained in its computational capacity to detect, harvest, and assimilate “data” generated by the infinitely fine-grained and perpetually dynamic characteristic of experience in complex social environments. For Hayek, mind and sociality are co-evolved spontaneous orders, allowing little or no prospect of comprehensive explanation, trapped in a hermeneutically sealed, i.e. inescapably context bound, eco-system. For Simon, it is the simplicity of mind that is the bottleneck, overwhelmed by the ambient complexity of the environmental. Since on Simon’s account complexity is unidirectional, Simon is far more ebullient about the prospects …


Looking At China’S Great Leap Forward From A Systems Perspective, Brandy Futrell Mar 2012

Looking At China’S Great Leap Forward From A Systems Perspective, Brandy Futrell

Brandy Futrell

China’s Great Leap Forward (GLF) campaign of 1958-1961 led by Mao Tse-Tung resulted in a horrendous famine that cost millions of lives. This paper examines the campaign from a systems perspective across the individual, group/societal, and regulatory levels. Looking at each level illustrates errors that explain how the GLF failed.


Stigmergy 3.0: From Ants To Economies, Leslie Marsh, Margery Doyle Dec 2011

Stigmergy 3.0: From Ants To Economies, Leslie Marsh, Margery Doyle

Leslie Marsh

No abstract provided.


Women’S Decision Making: A Contextual Assessment, Safdar Khan Dec 2010

Women’S Decision Making: A Contextual Assessment, Safdar Khan

Safdar Khan

No abstract provided.


Hayek's Philosophical Psychology, Leslie Marsh Dec 2010

Hayek's Philosophical Psychology, Leslie Marsh

Leslie Marsh

Hayek's philosophical psychology as set out in his The Sensory Order (1952) has, for the most part, been neglected. Despite being lauded by computer scientist grandee Frank Rosenblatt and by Nobel prize-winning biologist Gerald Edelman, cognitive scientists -- with a few exceptions -- have yet to discover Hayek's philosophical psychology. On the other hand, social theorists, Hayek's traditional disciplinary constituency, have only recently begun to take note and examine the importance of psychology in the complete Hayek corpus. This volume brings together for the first time state-of-the-art contributions from neuroscientists and philosophers of mind as well as economists and social …


Inflation Monitor, Muhammad Arby, Fida Hussain, Safdar Khan May 2006

Inflation Monitor, Muhammad Arby, Fida Hussain, Safdar Khan

Safdar Khan

Extract:
Although inflationary pressures persisted in the economy for the second year in a row, the headline inflation fell to 7.6 percent year-on-year in June 2006 that was 1 percentage point less than inflation in corresponding month last year.1 The inflation containment was more visible in the last six months of FY06 as compared to first six months (Jul 05 to Dec 05): the average CPI inflation during the first half of the year was 8.4 percent which declined to 7.4 percent in the second half primarily due to fall in food inflation. Inflation measured by sensitive price indicator also …


Dynamics Of Energy Consumption, Safdar Khan Dec 2005

Dynamics Of Energy Consumption, Safdar Khan

Safdar Khan

Extract:
Dynamics of Energy Consumption Pakistan has been facing severe imbalances in energy demand and supply for the last couple of decades. During early 1980s domestic supply of energy was fulfilling almost 86 percent of total domestic energy demand; a gap of 14 percent was being filled by imports. However, the demand – supply gap started increasing since then and reached to almost 47 percent by the year 2000 (see Figure S2.1).


A History Of Political Experience, Leslie Marsh Dec 2005

A History Of Political Experience, Leslie Marsh

Leslie Marsh

This book survives superficial but fails deeper scrutiny. A facile, undiscerning criticism of Lectures in the History of Political Thought (LHPT) is that on Oakeshott’s own account these are lectures on a non-subject: ‘I cannot detect anything which could properly correspond to the expression “the history of political thought”’ (p. 32). This is an entirely typical Oakeshottian swipe – elegant and oblique – at the title of the lecture course he inherited from Harold Laski. If title and quotation sit awkwardly we should remember that Oakeshott never prepared the text for publication – a fortiori he did not prepare it …


Economic Growth, Saving And Investment, Safdar Khan Dec 2004

Economic Growth, Saving And Investment, Safdar Khan

Safdar Khan

Extract:
Despite an evident slowdown in major economies around the global amidst a sustained rise in international oil prices, the domestic economy surpassed its growth target by a wide margin for the third consecutive year, witnessing a growth rate of 8.4 percent in FY05, the highest during the last two decades (see Figure 2.1 & 2.2).


Macroeconomic And Financial Sector Comparison With Saarc And Asean Countries, Safdar Khan Dec 2003

Macroeconomic And Financial Sector Comparison With Saarc And Asean Countries, Safdar Khan

Safdar Khan

Extract:
Two distinct regional associations, SAARC and ASEAN, comprise over seventeen different economies of Asia. These economies differ from each other in terms of their age, size and economic performance. However, some comparisons can be drawn between these intra-regional economies on the basis of economic and financial performance for a uniform period of observation, spanning from 1990 to 2003.1 This chapter discusses the financial sector indicators of the SAARC and ASEAN countries under the framework of macroeconomic performance, with the objective of assessing the level of Pakistan’s performance in comparison with these countries.


Financial Sector Deepening And Economic Growth In Pakistan, Safdar Khan Dec 2002

Financial Sector Deepening And Economic Growth In Pakistan, Safdar Khan

Safdar Khan

No abstract provided.