The role of first principles in economics is examined through the lens of dominant methodological approaches of the classical and neoclassical periods. First principles are most clearly displayed in pure deductive systems. The tension between first principles as the basis for deductivist...

Wie selbstverständlich geht die heutige ökonomische Standardlehre davon aus, dass sie Studierenden eine feste und unveränderliche Sicht auf die Welt vermitteln kann. Doch woher kommt diese Annahme? Walter Lippmann, einer der Begründer des Neoliberalismus, gibt hierauf einen ersten Hinweis:...

Deirdre McCloskey's work on bourgeois virtues is pathbreaking, but it has relatively little to say about working class virtues. The present paper turns to John Stuart Mill (a McCloskey favorite) for his take on the "future of the laboring classes" (Mill [1848] 1965, 758 – 796). If modern...

It is our natural inclination to find stable patterns and meaning in the chaotic world around us. This assists in our efforts to understand the past and forecast the future. The starting point of this essay is the phrase "dismal science" which is an often used 'epitheton ornans' of economics....

Current literature on John Stuart Mill's writings about Asia has mainly focused on his influence in India because of Mill's 35-year career in the East India Company. Scholars in both China and the West have not paid attention to Mill's views on China. This paper delves into Mill's notion of...

Marx is dead. But so is Hayek. With neoliberalism crumbling, Europeans are beginning to wonder what it is that is really wrong with the current European Union. The paper proposes the following answer: To this day, European integration has not been a process of emancipation. This shortcoming,...

Neo-liberal globalisation has primarily entailed the liberalisation of trade and capital flows, but largely ignored the issue of labour mobility. Most literature on the political economy of globalisation likewise ignores global labour mobility. This paper first asks how globalisation affects...

Der neoliberalen Globalisierung liegen Rationalitätsmuster zugrunde, die weder neu noch liberal sind. Dies gilt für herrschaftliches Denken über Natur (als Ressource) ebenso wie für den sich verstärkenden Zugriff auf Naturgüter und die Ausblendung reproduktiver Elemente aus der Debatte...

In diesem Vortrag möchte ich keineswegs die fundamentalen Unterschiede in der "Philosophie" der beiden Autoren verwischen oder gar leugnen. Mein Anliegen ist der Versuch, gewisse Missverständnisse auszuräumen, die ein Hemmnis im gegenseitigen Verständnis heutiger "Keynesianer" und heutiger...