There are two kinds of beliefs. If the ultimate objective is wellbeing (utility), the generated beliefs are “practical.” If the ultimate objective is truth, the generated beliefs are “scientific.” This article defends the practical/scientific belief distinction. The proposed distinction...

Neoclassical and Marxian theorists have generally failed to explain entrepreneurship, and for an obvious reason. To apply the calculus of optimization, neoclassical theorists have to treat the set of resources as an object that exists 'initself,' i.e., independent of the acting subject. On the...

Are there empirical anomalies upon which Dewey's theory of action sheds better light than existing neoclassical and heterodox approaches? This introduction answers in the affirmative. They are the set of anomalies highlighted by behavioral economics. These anomalies stress the centrality of...