The present paper offers an opportunity to explore Keynes＇ contribution to our understanding of crisis by returning to him seminal contribution in the theory of the effective demand. The analysis contrasts this appro...The present paper offers an opportunity to explore Keynes＇ contribution to our understanding of crisis by returning to him seminal contribution in the theory of the effective demand. The analysis contrasts this approach with the neoclassical orthodoxy regarding the theory of the interest rate and the relation between saving and investment. The author poses the fundamental question： Can a policy of stimulating saving promote investment？ By using the ＂Saving Paradox＂ presented in chapter sixteen, as a framework for interpreting Bernanke＇s description of the saving glut and the current account deficit of the U.S. economy, the author offers an answer that is useful for understanding the current situation. The author also shows how moral hazard plays a significant role in the current crisis.展开更多
Economic movements have close relation with historical transformations. Historical and social transformations have seriously determined economic views, so, economic movements have been the indicators of economic wars ...Economic movements have close relation with historical transformations. Historical and social transformations have seriously determined economic views, so, economic movements have been the indicators of economic wars of social classes. But no concept can describe sharp contrast in economics better than the two opponent concepts in economics： ＂orthodox＂ and ＂heterodox＂ economics. In this article, the reason why neo-classic economics, also called as orthodox economics, has a serious place in economic literature while the opponent＇s economic movements, named heterodox economics, do not defend only one ＂truth＂ and are not as important as orthodox economics will be examined. While doing this examination, Louis Althusser＇s ＂ideology＂ and Antonio Gramsci＇s ＂hegemony＂ will help us as these two concepts are quite instructive in understanding the irreplaceable significance of orthodox economics. As a result, by discussing alternative point of views about economics, positive emphasis of multivocality in economics literature will be revealed. On the other hand, every heterodox economics cannot criticize orthodox economics in the same way. In this study, institutional economics, which is accepted to be part of heterodox economics, will be discussed thoroughly. Institutional economics had a serious attitude against orthodox economics. In this study, generally the points in orthodox economics that institutional economics opposes will be emphasized, and although both economics approaches＇ ideological attitude will be attempted to be discussed generally, it will become easy to discuss the reason why heterodox economics developed an opposing ideology against the ideology of orthodox economics.展开更多
The possibility of developing a stellarator-based neutron source designed for the nuclear reaction initiation in the blanket of hybrid reactor is studied. An analog of the Large Helical Device （LHD） stellarator desi...The possibility of developing a stellarator-based neutron source designed for the nuclear reaction initiation in the blanket of hybrid reactor is studied. An analog of the Large Helical Device （LHD） stellarator design, with linear dimensions increased by a factor of 1.5 is taken for the magnetic system. Plasma parameters and the deuterium-tritium （DT） mixture fusion power are calculated using the space-time numerical code under the assumption of the neoclassical transport in the ambipolarity regime. Using the 10 MW plasma heating sources, it is possible to obtain the DT fusion power of one-to-two tens MW.展开更多
In mainstream economics （the neoclassical economics）, it is accepted that every company that competes under the perfect competition market has the same technological equipment. So, technology is approached as a simp...In mainstream economics （the neoclassical economics）, it is accepted that every company that competes under the perfect competition market has the same technological equipment. So, technology is approached as a simple efficiency increase whose source is unknown. In terms of established economics view, technology is like a ＂black box＂ that cannot be predicted. As the creator of the concept of＂creative destruction＂, Joseph Schumpeter （1883-1950） caused significant changes in terms of the view of neoclassical economics about technology. On one hand, Schumpeter created a new point of view about the concept of＂innovation＂ by using key concepts, such as ＂invention＂, ＂imitation＂, and ＂business cycles＂. Schumpeter＇s ＂creative destruction＂ concept carries out the role of a new map for the new institutional economics trend which accepts ＂technology＂ as an institution. On the other hand, if one is to understand why the ideology differs between neoclassical economics and new institutional economics, ＂transaction costs＂ should be analyzed. Since, transaction costs and creative destruction have a relationship between each other; Schumpeter and Coase＇s ideas are resembling each other. While doing this, this paper will try to discuss the question of how to accept the technology as ＂external＂ instead of ＂internal＂ limit neoclassical economics. In this process, it will primarily base the dimension on the concept of＂technology＂ developed by Schumpeter. The second station is an inquiry between Schumpeter＇s and Coase＇s ideas about technology. Although new institutional economics （NIE） and neoclassical economics can be confused, they can be seperated from each other by the way they look at technology. Because, technology is accepted as an external theme by neoclassical economics, on the contrary, NIE acceptes technology as an internal fact. One of the most important reasons why technology is internal in terms of NIE can be evaluated by ＂transaction costs＂. As a result, the author will give effort to create a critical presentation in order to readdress the viewpoint of mainstream economics about ＂technology＂.展开更多
文摘The present paper offers an opportunity to explore Keynes＇ contribution to our understanding of crisis by returning to him seminal contribution in the theory of the effective demand. The analysis contrasts this approach with the neoclassical orthodoxy regarding the theory of the interest rate and the relation between saving and investment. The author poses the fundamental question： Can a policy of stimulating saving promote investment？ By using the ＂Saving Paradox＂ presented in chapter sixteen, as a framework for interpreting Bernanke＇s description of the saving glut and the current account deficit of the U.S. economy, the author offers an answer that is useful for understanding the current situation. The author also shows how moral hazard plays a significant role in the current crisis.
文摘Economic movements have close relation with historical transformations. Historical and social transformations have seriously determined economic views, so, economic movements have been the indicators of economic wars of social classes. But no concept can describe sharp contrast in economics better than the two opponent concepts in economics： ＂orthodox＂ and ＂heterodox＂ economics. In this article, the reason why neo-classic economics, also called as orthodox economics, has a serious place in economic literature while the opponent＇s economic movements, named heterodox economics, do not defend only one ＂truth＂ and are not as important as orthodox economics will be examined. While doing this examination, Louis Althusser＇s ＂ideology＂ and Antonio Gramsci＇s ＂hegemony＂ will help us as these two concepts are quite instructive in understanding the irreplaceable significance of orthodox economics. As a result, by discussing alternative point of views about economics, positive emphasis of multivocality in economics literature will be revealed. On the other hand, every heterodox economics cannot criticize orthodox economics in the same way. In this study, institutional economics, which is accepted to be part of heterodox economics, will be discussed thoroughly. Institutional economics had a serious attitude against orthodox economics. In this study, generally the points in orthodox economics that institutional economics opposes will be emphasized, and although both economics approaches＇ ideological attitude will be attempted to be discussed generally, it will become easy to discuss the reason why heterodox economics developed an opposing ideology against the ideology of orthodox economics.
文摘The possibility of developing a stellarator-based neutron source designed for the nuclear reaction initiation in the blanket of hybrid reactor is studied. An analog of the Large Helical Device （LHD） stellarator design, with linear dimensions increased by a factor of 1.5 is taken for the magnetic system. Plasma parameters and the deuterium-tritium （DT） mixture fusion power are calculated using the space-time numerical code under the assumption of the neoclassical transport in the ambipolarity regime. Using the 10 MW plasma heating sources, it is possible to obtain the DT fusion power of one-to-two tens MW.
文摘In mainstream economics （the neoclassical economics）, it is accepted that every company that competes under the perfect competition market has the same technological equipment. So, technology is approached as a simple efficiency increase whose source is unknown. In terms of established economics view, technology is like a ＂black box＂ that cannot be predicted. As the creator of the concept of＂creative destruction＂, Joseph Schumpeter （1883-1950） caused significant changes in terms of the view of neoclassical economics about technology. On one hand, Schumpeter created a new point of view about the concept of＂innovation＂ by using key concepts, such as ＂invention＂, ＂imitation＂, and ＂business cycles＂. Schumpeter＇s ＂creative destruction＂ concept carries out the role of a new map for the new institutional economics trend which accepts ＂technology＂ as an institution. On the other hand, if one is to understand why the ideology differs between neoclassical economics and new institutional economics, ＂transaction costs＂ should be analyzed. Since, transaction costs and creative destruction have a relationship between each other; Schumpeter and Coase＇s ideas are resembling each other. While doing this, this paper will try to discuss the question of how to accept the technology as ＂external＂ instead of ＂internal＂ limit neoclassical economics. In this process, it will primarily base the dimension on the concept of＂technology＂ developed by Schumpeter. The second station is an inquiry between Schumpeter＇s and Coase＇s ideas about technology. Although new institutional economics （NIE） and neoclassical economics can be confused, they can be seperated from each other by the way they look at technology. Because, technology is accepted as an external theme by neoclassical economics, on the contrary, NIE acceptes technology as an internal fact. One of the most important reasons why technology is internal in terms of NIE can be evaluated by ＂transaction costs＂. As a result, the author will give effort to create a critical presentation in order to readdress the viewpoint of mainstream economics about ＂technology＂.
