The main purpose of this paper is to identify the elements for a new kind of methodological individualism - 'interactive individualism' - in Friedrich Hayek's work. This departs from conventional rational choice oriented ideas of methodological individualism in two mains respects. The first has...

This paper discusses the legacy of the institutionalist thought in the face of Veblen, Commons and Mitchell contributions. The remarkable complexity and scope of these contributions, despite being characterized by a still incipient theoretical content, is an important source of interaction with...

Taking as guarantee that no one new world or society can be built upon old concepts and ideas, this paper seeks to attack one of the main pilar of the capitalistic world-economy: the scientific economicism. To do that, and coming along with Polanyi's ideas of fictitious commodity, we shall go...

One of the most influential evolutionary model in Nelson and Winter's book is the one dealing with industrial dynamics (chapter 12). From that model came out meaningful insights about market structure and technological change relationship. Despite the improvements made by evolutionary models...

The adoption of a set of fiscal and budgetary institutions for a better macroeconomic performance has been gathering support in various governments. This article states that Institutions matters and adopts the New Institutional Economics framework in its approach. After a brief review of the...

The objective of this article is to investigate whether, despite of the goal of utility maximization defended by the neo-classic economic theory, the altruism can prevail inside organizations. Initially, one brief discussion of the altruism will be presented, analyzing this concept from some...

This research considers a mathematical model for pricing the procrastination option. The concept of procrastination will be discussed from the point of view of Psychology, Economy, Finance and Strategy. The maximum limit of the strategy of procrastination will be investigated, considering the...