Opinion

The Bell School of Economics: An Holistic and Interdisciplinary Approach

<h3><a href="http://www.professorhollybell.com/wp-content/uploads/2012/01/55124g2kpw9j7g02.jpg"><img class="alignleft size-medium wp-image-224" alt="Bell School of Economics" src="http://www.professorhollybell.com/wp-content/uploads/2012/01/55124g2kpw9j7g02-300x237.jpg" width="300" height="237" /></a>"I'll leave labeling the "school" of economics I fall into to others."</h3> <p>By Holly A. Bell</p> <p>When I discuss economic issues people often ask me which “school” of economic thought I subscribe to. This question usually leaves me a bit tongue-tied because my approach to economics doesn’t fit neatly into any specific “school” as they are generally defined. The “Bell School” is firmly grounded in the classic market economics of supply and demand, but tends to be considerably more holistic and interdisciplinary in its approach than many of the schools of economics that are widely discussed.</p> <h3>Holistic</h3> <p>First, the Bell School is less interested in narrow interpretations of theory and more interested in practical application. It seeks to describe how an economy actually works at any point in time and assumes non-market factors are always causing distortions that draw actual market behavior

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The New Economics: Meso and Meta

<h3><a href="http://www.professorhollybell.com/wp-content/uploads/2012/10/ID-10074402.jpg"><img class="alignleft size-medium wp-image-2017" title="ID-10074402" src="http://www.professorhollybell.com/wp-content/uploads/2012/10/ID-10074402-300x211.jpg" alt="economics"width="300" height="211" /></a>From the article by Andrew Sheng and Xiao Geng:</h3> "Indeed, today’s mainstream micro- and macroeconomic models are insufficient for exploring the dynamic and complex interactions among humans, institutions, and nature in our real economy. They fail to answer what Paul Samuelson identified as the key questions for <b>economics</b> – what, how, and for whom are goods and services produced, delivered and sold – and rarely deal with “where” and “when,” either. The division of <i>economics</i> into macroeconomics (the study of economic performance, structure, behavior, and decision-making at the national, regional, or global level) and microeconomics (the study of resource allocation by households and firms) is fundamentally incomplete and misleading. But there are at least two other divisions in <u>economics</u> that have been neglected: meso-economics and meta-economics." <h3><a rel="nofollow" href="http://forumblog.org/2012/10/the-new-economics-meso-and-meta/">Click here to continue reading</a></h3> <h3><a href="http://www.professorhollybell.com">Return to home page</a></h3>

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Incorporating the Rentier Sectors into a Financial Model

<div class="rpuEmbedCode"><!--rpuEmbedStart--> <script type="text/javascript" src="http://1.rp-api.com/rjs/repost-article.js?3" data-cfasync="false"></script> <div class="rpuArticle rpuRepost-f1307d68b4baad8db7373cd5cacbd435-top" style="margin: 0; padding: 0;"><a class="rpuThumb" href="http://s.tt/1ncuQ" rel="norewrite"><img style="float: left; margin-right: 10px;" src="http://img.1.rp-api.com/thumb/2884853" alt="" /></a> <a class="rpuTitle" href="http://s.tt/1ncuQ" rel="norewrite"><strong>Incorporating the Rentier Sectors into a Financial Model</strong></a> (via <a class="rpuHost" href="http://s.tt/1ncuQ" rel="norewrite">Market Shadows</a>)<a href="http://www.professorhollybell.com/wp-content/uploads/2012/09/ID-100578931.jpg"><img class="alignright size-medium wp-image-1934" title="ID-10057893" src="http://www.professorhollybell.com/wp-content/uploads/2012/09/ID-100578931-199x300.jpg" alt="" width="199" height="300" /></a> <p class="rpuSnip">Incorporating the Rentier Sectors into a <i>Financial</i> Model Courtesy of Michael Hudson By Dirk Bezemer and Michael Hudson As published in the World Economic Association’s World Economic Review Vol #1. ABSTRACT Current macroeconomics ignores the roles that rent, debt and the <u>financial</u> sector play in…</p> </div> <!-- put the "tease", "jump" or "more" break here --> <a href="http://www.professorhollybell.com/2012/09/18/incorporating-the-rentier-sectors-into-a-financial-model/#more-1931" class="more-link"><span aria-label="Continue reading Incorporating the Rentier Sectors into a Financial Model">(more…)</span></a></div>

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Are Financial Markets Organizations or Chaos?

<h3><a href="http://www.professorhollybell.com/wp-content/uploads/2012/04/67823q4dbhkgj61.jpg"><img class="alignright size-medium wp-image-1268" title="67823q4dbhkgj61" src="http://www.professorhollybell.com/wp-content/uploads/2012/04/67823q4dbhkgj61-300x199.jpg" alt="markets"width="300" height="199" /></a>Organizational Behavior and Financial Markets</h3> By Holly A. Bell In March I published an article in the journal <em>Insights to a Changing World</em> titled, “Efficient Financial <b>Markets</b> as Organizations: A Metaphoric Analysis”. The purpose of the article was to explore efficient financial <i>markets</i> from the perspective of organizational behavior. The purpose was <em>not</em> to establish patterns of behavior specifically, but to determine if the U.S. financial market shared the behavioral characteristics of other organizations or if it simply had non-ergodic qualities and acted in a chaotic manner. It was kind of a behavioral mental mapping exercise for me as I was working on another article that attempts to explain market volatility that will be published in another journal in the fall of 2012. The premise was that if <u>markets</u> are informationally efficient (as has been empirically proven), there must be some form of organizational

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