This note is mainly based on a short interview with Thomas C. Schelling (TCS), who shared the Nobel Prize with Robert J. Aumann in 2005. The interview took place on 06.03.2001 at University of Maryland, College Park, USA. It consists of two parts. The first part is about his interpretation of...

Rothschild (2001) argues that the invisible hand refers to blind individuals and presume privileged knowledge on the part of the social scientist. For this reason, she takes it that the invisible hand is, in fact, an un− Smithian concept and that Smith was making an ironical joke. In this...

This paper shows that an early appearance of the formal spatial monopoly model is in Chapter 27 of Launhardt's 1985 book, Mathematical Principles of Economics (1993). The well-known spatial monopoly model developed by the pioneering works of Beckmann (1968, pp. 32-33, p. 51) and Greenhut and...

The paper questions the appropriateness of using an “institutionalist†label regarding the analysis of Michail Tugan-Baranovsky's (1865-1919) theoretical legacy. It is argued that Tugan-Baranovsky''s views cannot be considered either the Russian type of Institutionalism or the national...

The paper questions the appropriateness of using an “institutionalist” label regarding the analysis of Michail Tugan-Baranovsky's (1865-1919) theoretical legacy. It is argued that Tugan-Baranovsky''s views cannot be considered either the Russian type of Institutionalism or the national...

Even if the development of the systems of social currencies is important since the 1980s in the world, the majority of these alternative forms of exchanges has long historic lineage of experiences with monetary character considered as utopian andor socialist. Indeed, by using from the XIXth...

This paper shows that an early appearance of the formal spatial monopoly model is in Chapter 27 of Launhardt's 1985 book, Mathematical Principles of Economics (1993). The well-known spatial monopoly model developed by the pioneering works of Beckmann (1968, pp. 32-33, p. 51) and Greenhut and...

Rothschild (2001) argues that the invisible hand refers to blind individuals and presume privileged knowledge on the part of the social scientist. For this reason, she takes it that the invisible hand is, in fact, an un− Smithian concept and that Smith was making an ironical joke. In this...

This paper defines constructivist liberalism as based on the belief that disadvantageous initial conditions for a natural commencing of an unfettered market order can be overcome through new institutional arrangements, initiated and nurtured by the highest political authority, usually the state....

Turkey has experienced high and persistent inflation for more than twenty years. This paper attempts firstly to survey the extremely broad literature on theories of inflation. It is mainly argued that inflation may be interpreted as a net result of sophisticated and continuous interactions of...