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Hume developed an original and revolutionary theoretical paradigm for explaining the spontaneous emergence of the classic conventions of justice—stable possession, transference of property by consent, and the obligation to fulfill promises. In a scenario of scarce external resources, Hume’s...
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This paper provides an introduction to a unifying heterodox approach to the micro-macro link in economics. We emphasize the analytical problems that may arise from popular misunderstandings about the relationship of individual and aggregate level and thereby illustrate why a thorough...
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