In this paper a method is developed to derive prices for natural goods from information about material and energy flows within ecosystems. The derivation is based on an analogy between ecological and economic systems: both systems are characterized by flows of material and energy. To derive...

The History of Economic Thought as a field has long taken it as a premise that so far as ancient economic thought is concerned, only the Greeks and Romans are worth studying. This paper introduces the Guanzi as a core text in ancient Chinese economic thought on price stabilization from a...

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...

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...

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...

Verbraucher und Verbraucherinnen gehen in der Regel davon aus, dass sie beim Kauf von Groß- bzw. Familienpackungen einen Mengenrabatt bezogen auf den Grundpreis (Preis pro Mengeneinheit) erhalten. Diese Regel trifft auch bei der Mehrzahl der am Markt angebotenen Waren zu. Allerdings zeigten...

Numerous studies have shown that educational attainment and labour force status have a strong impact on the timing of family formation for both men and women. The effects of educational level, enrolment in an educational setting and employment seem to be different for men and women. The aim of...