Orthodox economics sees transport as a market which can be made more sustainable by improving its self-regulating capacity. To date this static approach has not been able to limit the growing demand for transport and its increasing environmental impact. Better results might be obtained by using...

The work compares the relative strenghts, in understanding the current crisis, of the Keynesian tradition with those of two non-Keynesian traditions: those which emphasise income inequality and those which emphasise power. In other words, Hobson and Marx. Text of a speech given at the...

This paper explores the implications of the recent revival of Hegel studies for the philosophy of economics. We argue that Hegel’s theory of Objective Spirit anticipates many elements of modern approaches in cognitive sciences and of the philosophy of mind, which adopt an externalist...

This paper uses the structure of institutional economics to provide an explanation of the recent U.S. financial crisis. Institutional theory suggests that a county’s political, legal, social, and cultural institutions determine and characterize its economy. An institutional perspective of...

The outbreak of the financial and economic crisis in 2007–2008 put an end to the previous consensus on monetary policy. The effects of monetary policy on redistribution have come to the foreground; the modelling and transparency of central bank decisions now require the development of an...

Law and Economics (L&E) has grown considerably over the last twenty years and has become one of the most influential approaches in the analysis of legal issues; L&E has also become a very useful tool for economists in designing reforms and economic development programs, in which the role of...

This work deals with land reform in Brazil through an evolutionary and new institutional economics theoretical framework. Firstly, this theoretical underpinning delineates the existence of an intrinsic relation between asset equality and economic efficiency, going against the neoclassical...

Our contribution aims at revealing the terms of a confrontation between Austrian and Institutional schools concerning the nature and the role of markets. Such an approach is justified by, on the one hand, the characteristics shared by both theoretical traditions and on the other by the fact that...

This paper is motivated by the observation that (1) socio economic analysis uses significantly less formalisms than mainstream economics, and (2) that there exist numerous situations in which socio economics could benefit from a more formal analysis. This is particularly the case if institutions...

This article surveys the context and contours of contemporary Post-Keynesian Institutionalism (PKI). It begins by reviewing recent criticism of conventional economics by prominent economists as well as examining, against the backdrop of the current context, important research that paved the way...