This paper shows the first presentation of consumer's surplus as a definite integral is in Launhardt''s 1885 masterpiece, Mathematische Begrundung Der Volkswirtschaftslehre. In chapter 32, Launhardt applied integral calculus to derive the consumer''s surplus of a decrease in the freight rate for...

Terence Hutchison (1953) has argued that in his Manual of Political Economy Vilfredo Pareto provided a verbal, non-mathematical description of income and substitution effects. Hutchison's claim on Pareto''s behalf is important since it would move the date of the discovery of the concept (if not...

The Theory offers an explation beteween the relationship of Real Estate and its cause and effect upon a free capitalist society's economics.

This paper shows the first presentation of consumer's surplus as a definite integral is in Launhardt''s 1885 masterpiece, Mathematische Begrundung Der Volkswirtschaftslehre. In chapter 32, Launhardt applied integral calculus to derive the consumer''s surplus of a decrease in the freight rate for...

The Theory offers an explation beteween the relationship of Real Estate and its cause and effect upon a free capitalist society's economics.

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...

Terence Hutchison (1953) has argued that in his Manual of Political Economy Vilfredo Pareto provided a verbal, non-mathematical description of income and substitution effects. Hutchison's claim on Pareto''s behalf is important since it would move the date of the discovery of the concept (if not...

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...

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....

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...