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Economists have occasionally noticed the appearance of economists in cartoons produced for public amusement during …
Persistent link: https://www.econbiz.de/10014196999
The 1933 “Mock Trial of the Economists” is occasionally noticed and then interpreted as popular discontent with … economists's “crime” of “conspiracy to spread mental fog” at evidenced by the dueling letters from the Oxbridge economists … (Keynes, Pigou, et al.) and the LSE economists (Hayek, Robbins et al.) From William Beveridge's archives we provide the …
Persistent link: https://www.econbiz.de/10013060248
Drawing inspiration from Ross Emmett's (2006) imaginative construction of what Frank Knight might have thought about the Stigler-Becker formulation of Die Gustibus, I ask what Arthur Lovejoy (1936) might have thought about the origin of public choice. He would surely have denied that public...
Persistent link: https://www.econbiz.de/10013010541
science of economics that he had inherited from his own teacher, Frank Knight, and how this affected his understanding not … perspective, illustrates the evolution of economic science in 20th century neoclassical economics in two respects. First, it … illustrates what was deemphasized and what was later carried forward from Knight by the generation of Chicago economists following …
Persistent link: https://www.econbiz.de/10012929307
This is a preliminary draft of the first of what will be eight chapters in a book titled Politics as a Peculiar Business: Public Choice in a System of Entangled Political Economy. This chapter explores some issues regarding the scholarly location of what is often described as the Virginia...
Persistent link: https://www.econbiz.de/10014143721
Carl Menger published his classic work Principles of Economics in 1871, that work is the founding text of what came … known as the “Austrian School of Economics”. That label has now been used to describe a historical school of thought, as … well as contemporary academic economists and public intellectuals in the policy space to this day 150 years later. This …
Persistent link: https://www.econbiz.de/10014081498
Economic theory emerges through interaction among interested participants, with the content of those theories being a product of spontaneous ordering and not scientific planning. At any moment, it is reasonable to expect various theoretical formulations to be in play, some typically receiving...
Persistent link: https://www.econbiz.de/10014167613