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In this paper the view of humankind and nature upon which the thinking of Malthus is founded will be reflected on and contrasted with the opposed understanding of his contemporary Wordsworth. We show that the economic considerations of both are based decidedly on the premise of these views, and...
Persistent link: https://www.econbiz.de/10011422113
The paper aims at a conceptual contribution to the normative economic analysis of rural de-velopment (RD) policies. RD is regarded as a problem of interaction between individuals; (lacking) structural change or the (missing) integration of externalities are therefore recon-structed as...
Persistent link: https://www.econbiz.de/10010299352
Dieses Interview wurde für eine Fachzeitschrift geführt, die sich primär an Lehrer wendet, welche in der Schule die Fächer „Politik“ oder „Wirtschaft“ unterrichten. Die Fragen und Antworten versuchen, verständlich werden zu lassen, wie wichtig es gerade für Schüler ist, die...
Persistent link: https://www.econbiz.de/10011733807
In contemporary non-mainstream economic debate, it is widely thought that the functioning of a market economy needs a set of rules (i.e. institutions) which bind agents in their behaviour, allowing efficient outcomes. This idea is contrary to the General Equilibrium Model (GEM) where markets are...
Persistent link: https://www.econbiz.de/10012990563
Die neuere Institutionenökonomik schaut inzwischen auf eine rund 40-jährige Entwicklung zurück und hat sich im Kanon der modernen Ökonomik dauerhaft etabliert. Für Dogmenhistoriker ist dies ein hinreichender Grund sich mit dieser Entwicklung etwas ausführlicher zu beschäftigen, zumal sich...
Persistent link: https://www.econbiz.de/10014492882
This book considers the relationship between Hayek and Mill, taking issues with Hayek's criticism of Mill and providing a broader perspective of the liberal tradition. Featuring contributions from the likes of Ross Emmett, Leon Montes and Robert Garnett, these chapters ask whether Hayek had an...
Persistent link: https://www.econbiz.de/10011902028
Using Adam Smith's notion of an 'invisible hand', this extraordinary contribution identifies dogmatic versus pragmatic views of free markets. Published posthumously, with new contributions by Rod O'Donnell, Daniel B. Klein and Christopher Torr, this book outlines Mittermaier's main thesis and...
Persistent link: https://www.econbiz.de/10014321720
economic theory: his evaluation of the physiocracy. The main topics addressed include a historical evaluation of the …
Persistent link: https://www.econbiz.de/10010494387
This paper depicts the co-evolution of the political economies of the "Old Chicago" and Freiburg Schools. These communities within the "laissez-faire within rules" research program and the long-standing "thinking-in-orders" tradition emerged in the 1930s and culminated in the 1940s into a...
Persistent link: https://www.econbiz.de/10013342581
In this paper we present a theory of the financing of investment in a modern capitalist economy, following the approach … hypothesis that relegates money and finance to the sidelines. Minsky vehemently denied the relevance of such a theory, at least … used to finance positions in assets is of critical importance, both for theory and for real-world outcomes. In the first …
Persistent link: https://www.econbiz.de/10010266576