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Some basic tools of modern approach to the "Economic of Institutions" are shown to be useful to develop an "Economics … of Economics" that may throw some light on the nature of the "Institutions of Economics". The "over-supply" of … mathematics, that characterizes modern Economics, can be explained by the value that mathematical techniques have as screening and …
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research, public choice theory and new institutional economics. Due to its ample nature, different economists have different … focus. It emerged from the influences mainly from the criticism of theory of economic policy, political business cycle …
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This paper explores some ontological and epistemological conditions of the emergence of the Veblenian system of political economy. For that, we refer to Foucault's archaeology of political economy, since it offers insights into some of the relations that help us to understand the underlying...
Persistent link: https://www.econbiz.de/10011864978
This article presents a comparative analysis of the approaches of institutional economics and Walrasian economics …. After reviewing the differences between both perspectives, it argues that institutional economics is an alternative, however … incomplete, to general equilibrium economics. It compares the way both tendencies conceive the individual, knowledge, efficiency …
Persistent link: https://www.econbiz.de/10014075389
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 … paper discuss Mengerian methodology for studying the human sciences, Mengerian process theory, the connection to Adam Smith …
Persistent link: https://www.econbiz.de/10014081498
transaction is or how it works. Drawing on both Old and New Institutional Economics, and on a variety of interdisciplinary sources …, this monograph traces the history of the meaning of transaction in institutional economics, mapping its topicality and use … and connects different approaches within institutional economics. The book covers the contributions of key thinkers from …
Persistent link: https://www.econbiz.de/10014255112