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Few social scientists have equaled the impact on political science of Douglass C. North, co-winner of the Nobel Memorial Prize in Economics in 1993. His extraordinary influence emanated from his ideas but was also a result of his vast social network of collaborators, students, and friendly...
Persistent link: https://www.econbiz.de/10012977686
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
Menger, among the founders of marginalism, was the least mathematical and the one most interested in individual subjective valuations. These characteristics allowed for the development, by his successors, of what has become known as the Austrian School of economic theory. Among their notable...
Persistent link: https://www.econbiz.de/10014119556
Most people in medieval Europe lived at subsistence in a violent feudal world. Adam Smith explained both the long-term stability of the feudal system and how the towns escaped this violence trap through political exchange that fostered their ability to enter long-distance trade, significant...
Persistent link: https://www.econbiz.de/10012989967
The present paper analyzes the links that exist between Adam Smith's thought and Amartya Sen's one with the aim of presenting a definition of globalization which shows how global market could be a potential instrument to promote socio-economic development. The definition of globalization here...
Persistent link: https://www.econbiz.de/10013123250
The goal of the paper is twofold. It examines how Friedrich List's interpretation of the economic dynamics of “tropical” countries as non-industrial economies exporters of primary commodities fits in his overall analytical framework and accords with his emphasis on the explanatory value of...
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