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<title>Abstract</title> The economic literature is giving new attention to Lionel Robbins' main contributions to economic theory, confined for several decades to the <italic>Essay</italic>, systematically misunderstood as the manifesto of the epistemology of neoclassical economics, where its underlying ontology characterized...
Persistent link: https://www.econbiz.de/10010975895
<title>Abstract</title> In <italic>The Economics of Welfare</italic>, Pigou develops the idea of what will be widely known as ‘Pigouvian tax’. Together with the concept of externality, they constituted two of the most important founding elements of modern welfare economics. Many have suggested that, on the way he treated...
Persistent link: https://www.econbiz.de/10010975955
The historical reconstructions of the theories of Optimum Currency Areas (OCA) are usually biased by the underlying theoretical and policy orientation of their authors, they often provide a sort of internalist explanation of advancement in economic theory (assuming that economic theory evolves...
Persistent link: https://www.econbiz.de/10011104750