The work of E.F. Schumacher is addressed in the broad context of economic philosophy. His economics present a frontal attack on eo‐classical economics. He likewise rejects a Marxist analysis of society. And while he shares some of the concerns of the institutionalists, he nonetheless stands...

Elegance in economic modelling is one determinant of the professional acceptability of “scientific” contributions to the economics literature. Just what determines the profession′s definition of “elegance” is a question less frequently asked. Social economists commonly appeal to...