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light on Robbins' overarching interest on the interplay of economics as a science and political economy as a broader field … Robbins' approach to economics. Specifically, some elements that would resurface in Robbins' later works are identified, and … purpose of illuminating the extent to which the science of economics could serve as an important tool – necessary, though not …
Persistent link: https://www.econbiz.de/10012953057
This note reviews the changes Samuelson made to the family tree of economics between the 4th and 11th editions of his … textbook Economics in relation to the book's changing coverage of the history of economic thought. Of particular interest are … the development from "neoclassical synthesis" to "new economics" to "Post-Keynes Mainstream", and the change from implying …
Persistent link: https://www.econbiz.de/10012991703
series "Recollections of Eminent Economics", originally published in vol. 37 n. 148 of "Banca Nazionale del Lavoro Quarterly …
Persistent link: https://www.econbiz.de/10013045131
happened to political economy ever since, and how far economics has diverged from Robbins' agenda. Our main claim is that these … topics appeared on the second edition of the Essay because Robbins saw them as fundamental if economics (as a science) were … to mimic the methods of the natural sciences by preserving the human element that makes economics a social science …
Persistent link: https://www.econbiz.de/10012917194
series “Recollections of Eminent Economics”, originally published in vol. 37 n. 148 of “Banca Nazionale del Lavoro Quarterly … Austrian School, Steindl witnessed two major changes in economics: the Keynesian revolution, and the subsequent …
Persistent link: https://www.econbiz.de/10012925232
London School of Economics (LSE) from Edwin Cannan and Arnold Plant. The main lesson Coase taught us and insisted upon was … that economics should not be too ‘abstract' and should not rely on a priori categories. He pleaded for more realism in … economics, for a form of ‘political economy': economists should use theory to generalise what facts tell us rather than trying …
Persistent link: https://www.econbiz.de/10012928857
As a student at the London School of Economics (LSE), Ronald Coase posed a seemingly naïve question that would, in time …, fundamentally change the face of economics and earn him the Nobel Prize: ‘Why do firms exist?' The import of this simple question … Cost Economics and much of organizational economics more generally. Much has been written of Coase's days as a student at …
Persistent link: https://www.econbiz.de/10013076754
This year we celebrate 130 years since the birth of Victor Slăvescu, one of the most prominent Romanian economists. His various activity took place over a period of time marked by a succession of exceptional events: two world wars, the Great Union of 1918, the interwar period and the beginning...
Persistent link: https://www.econbiz.de/10012793509
Once economics came to be understood as the scientific investigation of the operation of markets, economic theorists … had no more jurisdiction over the discipline of economics than they did over other scientific disciplines. On one side … has often been understood as part of secularization, yet, economics and theology have often intersected since the …
Persistent link: https://www.econbiz.de/10014176080
is argued that economics embraced a technocratic conception of politics and science. Philosophers, too, embraced and … philosophers and economics and that keep not just ethics, but virtue outside of economics. Many of these philosophers’ commitments … pure economics. So, in effect, this paper explores the origin and nature of a conceptual split between economics and ethics …
Persistent link: https://www.econbiz.de/10014135743