Wilhelm Launhardt (1832-1918) is a founder of mathematical economics. His main work, Mathematical Foundations of Economics, published in 1885, was translated into English in 1993. As an engineer, he contributed to the field of not only engineering, but also of economics and, in particular, to...

An important aspect often overlooked in discussions is the concept of opportunity costs. In this note, location theory is emphasized in terms of opportunity costs.

The idea of scholarly synthesis was central to the founders of the "American Journal of Economics and Sociology". Franz Oppenheimer (1864-1943) in fact impersonated the idea of scholarly synthesis. Being the son of a Reformist rabbi-these religious roots provided the impulse for his work-he...

Evolutionary Economic Thought explores the theoretical roots of the evolutionary approach, and in so doing, demonstrates how it fits squarely into the theoretical mainstream. Focusing on the institutions of evolutionary change and the processes – such as competition – that generate...