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We conceive of political economy, historical and contemporary, as reflecting sometimes competing and other times complementary assessments of the appropriate role of the state in economic life grounded in alternative approaches to the paradox of government. We call these differing approaches and...
Persistent link: https://www.econbiz.de/10013014941
With the premature passing of Laurence Moss, the field of history of economic thought has lost one of its great practitioners and mentors. Larry was not only an outstanding scholar in the field in his own right, but in his capacity as an officer in HES and as an editor of the AJES, he was a...
Persistent link: https://www.econbiz.de/10013116446
In “The Soul of Classical Liberalism” (2000), James Buchanan argues that modern advocates of the liberal order must move beyond the mid-20th century project of “saving the books” and “saving the ideas” and instead embrace the challenge of “saving the soul” of liberalism. The...
Persistent link: https://www.econbiz.de/10013081662
During the interwar years in the first half of the twentieth century, Ludwig von Mises emerged as one of the leading economic thinkers in Continental Europe. Though a general economic theorist, Mises's main contributions early in his career were in the field of monetary theory, monetary policy,...
Persistent link: https://www.econbiz.de/10013087266
This paper contends that Mises' work, both in Nationalökonomie and Human Action, provides us with an integrated treatise on economics and social theory which has had a tremendous intellectual influence in the second half of the 20th century. Mises' treatise can be seen as responsible for three...
Persistent link: https://www.econbiz.de/10013015072
What explains the simultaneous critiques of economic theory and liberalism during the 1930s? Early neoclassical economists had a common understanding of the proper institutional context under-girding a liberal market order. From the marginal revolution emerged a growing emphasis on analyzing...
Persistent link: https://www.econbiz.de/10012841431
James Buchanan argued that Tullock was a “natural born” economist. In this paper, we explore the notion that Tullock, more appropriately, was a “natural born Misesian.” Characterizing Tullock as such, we ask the following question: was Gordon Tullock also an economic imperialist,...
Persistent link: https://www.econbiz.de/10012900457
This paper explores the intellectual context of the Department of Economics at the London School of Economics and Political Science (LSE) during the 1930s. we will be focusing on the contributions of F.A. Hayek, along with Lionel Robbins, in fostering an intellectual environment for the...
Persistent link: https://www.econbiz.de/10012897621
Throughout his career, James Buchanan displayed a remarkable consistency regarding the didactic role of the properly trained economist. As he would say, it takes varied iterations to force alien concepts upon reluctant minds. What he regarded as the role of the properly trained economist is just...
Persistent link: https://www.econbiz.de/10012899150
In terms of economic methodology, Friedman's most well-known contribution is his 1953 essay, “The Methodology of Positive Economics.” This important contribution has overshadowed his earlier contribution to economic methodology, entitled “Lerner on the Economics of Control” (1947)....
Persistent link: https://www.econbiz.de/10012899759