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Standard histories of economics usually treat the "marginal revolution" of the midnineteenth century as both … supplanting the "classical" economics of Smith and Ricardo and as advancing the idea of economics as a mathematical science. The … marginalists - especially Jevons and Walras - viewed Cournot's (1838) book on mathematical economics as a seminal work on which …
Persistent link: https://www.econbiz.de/10011695287
This essay is a commented bibliographic inventory of the references in the economic thought concerning the affection and the family, from Adam Smith to the authors that recently have formalized models toward this subject. Within the commented authors are: Smith, Malthus, Sade, Fourier, J.S....
Persistent link: https://www.econbiz.de/10014075368
This year we celebrate 130 years since the birth of Victor Slăvescu, one of the most prominent Romanian economists. His various activity took place over a period of time marked by a succession of exceptional events: two world wars, the Great Union of 1918, the interwar period and the beginning...
Persistent link: https://www.econbiz.de/10012793509
Once economics came to be understood as the scientific investigation of the operation of markets, economic theorists … had no more jurisdiction over the discipline of economics than they did over other scientific disciplines. On one side … has often been understood as part of secularization, yet, economics and theology have often intersected since the …
Persistent link: https://www.econbiz.de/10014176080
Modern economics is filled with models using simultaneous equations to explain economic behavior. One common model, the …
Persistent link: https://www.econbiz.de/10003935346
The historical forerunners of contemporary austerity are still largely unexplored. This essay considers the "liberal phase" of Fascist Italy (1922-1925) as a case study to explain austerity as a full-blown rationality, that is intrinsically, and simultaneously, theory and practice, encompassing...
Persistent link: https://www.econbiz.de/10011279733
Drawing inspiration from Ross Emmett's (2006) imaginative construction of what Frank Knight might have thought about the Stigler-Becker formulation of Die Gustibus, I ask what Arthur Lovejoy (1936) might have thought about the origin of public choice. He would surely have denied that public...
Persistent link: https://www.econbiz.de/10013010541
The informal institutional structure embraces the social norms and moral values of a particular society and together with the formal institutional frame they compose the social environment. Social norms and values, congealed into customary rules of behaviour, provide a stable and enduring...
Persistent link: https://www.econbiz.de/10013016908
In this report Professor Samuelson staff prepares a tour of the work and thought of highlighting the contributions of Hayek Austrian economist and showing the world within which they took power broadly two contradictory paradigms of economic thought. This testimony intellectual frontline is...
Persistent link: https://www.econbiz.de/10013148972
Western thinking which lead after a century to the neoclassical paradigm in economics which took the UMP as its foundation for … Buddhist economics and the recent rediscovery of the PGH in modern Western economics. The paper will close with the suggestion …
Persistent link: https://www.econbiz.de/10014215647