The number of interdisciplinary studies in the economics literature is increasing in the recent years. The reason for this increasing interest is the inadequecy of the linear and static models of classical economics for representing the complex structures of the real world. Economy is composed...

This essay argues that articles in economics, especially in the fields of evolutionary and institutional economics, are as much cited in biology as in economics. The citation analysis conducted in the essay suggests that economics is now becoming the Mecca of biology.

In this article, the implications of the theory of ignorance developed by Hayek to economic theory and policy will be examined. The theory of ignorance appeared especially in the second period of Hayek’s career and has been applied to the field of economics, politics, and law. Accordingly,...

The Keynesian approach claims that a reduction in average taxes and/or an increase in autonomous government expenditures will stimulate growth in the economy through multiplier effects. The supply side economics, however, considers mainly the necessary cut in effective economy-wide marginal tax...

In this article, how the types of behaviours of the people are determined in economic life is examined. Above all, the process of freeing these behaviours from external determinators which create hegemony on human will, is taken consideration. Especially, developments, in this respect, brought...

After presenting a broad review of Friedrich List's infant industry argument (Erziehungszollargument) departing from collected works of List, this study aims to compare his ideas with that of Hamilton, Say, Mill, Bastable and Kemp. It underlines the restricted theoretical validity of the...

Adam Smith is generally ignored as a trade theorist in textbooks of international economics because of the common belief that he only confirmed the rule of absolute advantages to explain structure of foreign trade. However, his vent-for-surplus approach may be interpreted as a pioneering study...

After the Keynesian social policies achieved an unprecedented increase in the material standard of living under state-managed welfare capitalism, the neo-liberal counter-revolution appeared following economic and political turmoil in the 1970s. As it was in the 19th century, today liberal...