Deutschland weist im Umgang mit finanziellen Fragen einige Besonderheiten auf. Dazu gehören die geringen Erträge der umfangreichen internationalen Anlagen dieser exportorientierten Volkswirtschaft, die auch Jahrzehnte nach dem ersten Befund unzureichende Bereitstellung von Risikokapital und...

The accounting Public Oversight Board (POB), an independent private sector body, was established in 1977, held its first meeting in 1978, and was terminated in 2002 at the creation of the Public Company Accounting Oversight Board (PCAOB). During the last twelve years of its history, the POB...

Abstract: Drawing on McCraw's (2007) biography, this paper assesses the character of Joseph Schumpeter. After a biographical summary of Schumpeter's life and career as an economist, the paper considers a thread of deliberate posturing and pretense in Schumpeter's grandiose ambitions and claims...

Historians of economic thought are paying greater attention to issues of social ontology (that is, to the assumptions that economists make about the nature of social reality). In this paper, we contribute to this burgeoning literature by exploring the hitherto neglected way in which James...

I consider the representation of theory concerning the relationship of inflation and unemployment, as presented in a sample of economics textbooks from the 1940s to the 1980s. It is argued that they contain nothing to contradict the impression from Forder, Macroeconomics and the Phillips curve...

This essay, which is aimed primarily but not exclusively at audiences in the field of philosophy, originated in a lecture prepared for a series on quot;Natural Moral Law and Contemporary Societyquot; at the School of Philosophy of the Catholic University of America. Using the Supreme Court's...

In der ökonomischen Theorie haben Metaphern (als Formen eines bildhaften Sprachgebrauchs) immer eine besondere Rolle gespielt. Nach einem historischen Überblick über das Konzept von Metaphern wird die Geschichte des dominanten Stranges in der ökonomischen Theorie als Geschichte einer...

Scholars routinely credit R.H Coase and his first seminal work — The Nature of the Firm — as the progenitor of the nexus-of-contracts theory of the corporation. This account, which has dominated legal scholarship for four decades, describes a corporation as a nexus of contracts between the...

Friedrich Hayek is often credited with the resurgence of interest in alternative monetary systems. His own proposal, however, received sharp criticism from Milton Friedman, Stanley Fischer, and others at the outset and never gained much support among academic economists or the wider population....

This paper explores Kant’s formulations on universal good will, perfect moral order, and universal peace, and that the world’s citizenship should be organised in a federated system of states, free to choose their own universal laws. This theoretical discussion is pursued in two separate...