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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
London School of Economics (LSE) from Edwin Cannan and Arnold Plant. The main lesson Coase taught us and insisted upon was … that economics should not be too ‘abstract' and should not rely on a priori categories. He pleaded for more realism in … economics, for a form of ‘political economy': economists should use theory to generalise what facts tell us rather than trying …
Persistent link: https://www.econbiz.de/10012928857
As a student at the London School of Economics (LSE), Ronald Coase posed a seemingly naïve question that would, in time …, fundamentally change the face of economics and earn him the Nobel Prize: ‘Why do firms exist?' The import of this simple question … Cost Economics and much of organizational economics more generally. Much has been written of Coase's days as a student at …
Persistent link: https://www.econbiz.de/10013076754
Neoclassical economists of the current era frequently pay lip service to Adam Smith's theories to certify the validity of natural-laws-based, laissez-faire policies. However, neoclassical theories are fundamentally disconnected from Adam Smith's notion of value, his understanding of the economic...
Persistent link: https://www.econbiz.de/10011784683
The article is part of the special issue of the journal on Charles P. Kindleberger (CPK). It is here reported one of CPK's articles published in Moneta e Credito (vol. 33 n. 131, settembre 1980, pp. 253-58). The article presents a short piece of scientific autobiography by Kindleberger, and it...
Persistent link: https://www.econbiz.de/10013093585
. Keynes as Policy Advisor (E. Roy Weintraub); III. Keynes and Economics (Kevin D. Hoover); IV. Keynes and Hayek (Bruce …
Persistent link: https://www.econbiz.de/10012718957
Neoclassical economists of the current era frequently pay lip service to Adam Smith’s theories to certify the validity of natural-laws-based, laissez-faire policies. However, neoclassical theories are fundamentally disconnected from Adam Smith’s notion of value, his understanding of the...
Persistent link: https://www.econbiz.de/10011695560
. Keynes as Policy Advisor (E. Roy Weintraub); III. Keynes and Economics (Kevin D. Hoover); IV. Keynes and Hayek (Bruce …
Persistent link: https://www.econbiz.de/10011603268
maximization framework of neoclassical economics, Buchanan adopted a catallactic perspective. Ethically, Knight argued that all …
Persistent link: https://www.econbiz.de/10012913532
Samuelson. Some of his remarks about women in the economy and in economics were famously considered deprecatory. We place them … in the context of the discussions of discrimination in his textbook, Economics, and his interactions with female students …
Persistent link: https://www.econbiz.de/10012915697