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The term 'emergence' features only infrequently on the work of Friedrich Hayek, and then almost always merely as a synonym for 'spontaneous order'. The argument of this paper is that Hayek's accounts both of the working of the human mind, and also of the spontaneous order of the market, rely...
Persistent link: https://www.econbiz.de/10013015533
Recent literature on Adam Smith and other 18th Scottish thinkers shows an engaged conversation between the Scots and today's scholars in the sciences that deal with humans — social sciences, humanities, as well as neuroscience and evolutionary psychology.We share with the 18th century Scots...
Persistent link: https://www.econbiz.de/10013020903
This paper is an introduction to an edited volume entitled, 'Transforming Economics: Perspectives on the Critical Realist Project.' It outlines the project of critical realism in economics, describing how the latter's emphasis on social ontology shapes its approach to economic methodology and...
Persistent link: https://www.econbiz.de/10014124853
Recent literature on Adam Smith and other 18th Scottish thinkers shows an engaged conversation between the Scots and today's scholars in the sciences that deal with humans - social sciences, humanities, as well as neuroscience and evolutionary psychology. We share with the 18th century Scots...
Persistent link: https://www.econbiz.de/10011602798
"Adam Smith's science of the legislator and the "virtues of the statesman" are understood as a kind of higher order-liberalism, coming close to what Colander and Freedman call "the liberal methodology" pertinent to the role of economics in policy-making. Evolving socio-economic heterogeneities,...
Persistent link: https://www.econbiz.de/10015423477
Some of the literature on entrepreneurship suggests that the term entrepreneur was first introduced by either Cantillon or Say during the industrial revolution in the 18th and early 19th centuries. This article, by contrast, shows the term and the concept to be far older. Moreover, before the...
Persistent link: https://www.econbiz.de/10012947416
of Economic Theory, being published in 2020 for the first time. Here I treat Mittermaier’s rich meditation, which I …
Persistent link: https://www.econbiz.de/10014104618
In Hume's epistemology, induction leads to discovery in matters of fact. However, because of the poor data Hume analyzes the balance of trade with a thought experiment, doing what Mill makes explicit afterwards: reason from assumptions, to reach conclusions which are true in the abstract. Hume's...
Persistent link: https://www.econbiz.de/10003961855
In Hume’s epistemology, induction leads to discovery in matters of fact. However, because of the poor data Hume analyzes the balance of trade with a thought experiment, doing what Mill makes explicit afterwards: reason from assumptions, to reach conclusions which are true in the abstract....
Persistent link: https://www.econbiz.de/10014196929
This article is a review essay of Karl Mittermaier’s 'The Hand Behind the Invisible Hand', first written as a PhD thesis that was submitted in 1987 and finally published in 2020. The essay examines the main question upon which Mittermaier focuses, namely whether the institutional framework...
Persistent link: https://www.econbiz.de/10014265080