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Ronald Coase (1910-2013), who sadly died at the remarkable age of 102, made significant contributions to economics … structure and functioning of the economy”. This paper traces the development of Coase’s economics to describe his contributions … and the essence of the law and economics enterprise he fostered …
Persistent link: https://www.econbiz.de/10014152719
happened to political economy ever since, and how far economics has diverged from Robbins' agenda. Our main claim is that these … topics appeared on the second edition of the Essay because Robbins saw them as fundamental if economics (as a science) were … to achieve its goal of being a useful tool for political economy, following the English Classical economists' distinction …
Persistent link: https://www.econbiz.de/10012917194
In 1964 James Buchanan famously asked “What Should Economists Do?” He argued that economists should focus their … liberal political economists must embrace the intellectual and practical challenges of the day, and bring a robust theory of …
Persistent link: https://www.econbiz.de/10014151812
The idea of measuring scientific relevance by counting citations is gaining ever-growing consensus among economists … applicability of this method for measuring relevance to the particular case of heterodox economics …
Persistent link: https://www.econbiz.de/10013160333
Similar to fellow Nobelists Vernon Smith and Richard Thaler, Elinor Ostrom has emphasized not just our cognitive limits, but also the institutions that people create to overcome them. But, while Vernon Smith or Thaler still focus primarily on private choices, and the institutions within which...
Persistent link: https://www.econbiz.de/10013248208
This article explains two enigmas related to the scientific career of Thomas C. Schelling, Nobel Price in Economics … social sciences and not on economics? The paper proposes three hypotheses: the minor impact of the acquired knowledge of his …
Persistent link: https://www.econbiz.de/10014222378
light on Robbins' overarching interest on the interplay of economics as a science and political economy as a broader field … Robbins' approach to economics. Specifically, some elements that would resurface in Robbins' later works are identified, and … purpose of illuminating the extent to which the science of economics could serve as an important tool – necessary, though not …
Persistent link: https://www.econbiz.de/10012953057
example reflect on his impact on the history of economics …
Persistent link: https://www.econbiz.de/10013106685
relaunching the “Recollections of Eminent Economists” series, which used to be published in both English and Italian, respectively … in BNL Quarterly Review and Moneta e Credito. The “Recollections of Eminent Economists” series was launched in 1978, with … reflections on their research, or, more generally, on economics as a discipline. The first inaugural contribution published in …
Persistent link: https://www.econbiz.de/10012923315
Patinkin advanced an interpretation of Keynesian macroeconomics as disequilibrium economics. However, he was perceived as an …
Persistent link: https://www.econbiz.de/10014192572