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Long Memory in Economics
When applying the statistical theory of long range dependent (LRD) processes to economics, the strong complexity of macroeconomic and financial variables, compared to standard LRD processes, becomes apparent. In order to get a better understanding of the behaviour of some economic variables, the book assembles three different strands of long memory analysis: statistical literature on the properties of, and tests for, LRD processes; mathematical literature on the stochastic processes involved; models from economic theory providing plausible micro foundations for the occurence of long memory in economics. Each chapter of the book will give a comprehensive survey of the state of the art and the directions that future developments are likely to take. Taken as a whole the book provides an overview of LRD processes which is accessible to economists, econometricians and statisticians.
Laws of Nature
The book is concerned with the laws of nature and in particular with the laws of physics. The authors discuss three important questions: First, whether the observed regularities are based on strict "laws of nature" that hold rigorously and without any exception. Second, what we call a "law of nature" is studied by comparing this concept with invariance principles, causality principles, teleological principles and means of predicting future events. Finally, on the basis of these investigations the authors treat the ambitious and intricate third question, why the laws of nature hold. Are there rational reasons for this largely unexplained phenomenon? This book addresses students as well as researchers. It will be an excellent reference for those interested in the philosophical foundations of the natural sciences.
Cambridge and Vienna : Frank P. Ramsey and the Vienna Circle
The Institute Vienna Circle held a conference in 2003, Cambridge and Vienna: Frank P. Ramsey and the Vienna Circle, to commemorate the philosophical and scientific work of Frank Plumpton Ramsey (1903-1930). This Ramsey conference provided historical and biographical perspectives on one of the most gifted thinkers of the Twentieth Century.
