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Robert Neild (born 1924) has made a major contribution to economics and to peace studies. This paper provides a brief sketch of Neild's life and work. While noting his research in economic policy and peace studies, this essay devotes more attention to his largely-unnoticed contributions to...
Persistent link: https://www.econbiz.de/10012944789
Ronald Coase merged two traditions in economics, marginalism and institutionalism. Neoclassical economics in the 1930s was characterized by an abstract conception of marginalism and frictionless resource movement. Marginal analysis did not seek to uncover the source of individual human...
Persistent link: https://www.econbiz.de/10014198928
Persistent link: https://www.econbiz.de/10008701508
Gary Becker's contribution to labor economics can be highlighted by contrast to his predecessors and critics. Human capital analysis was not much developed before Becker, although the concept was recognized by such prominent figures as Adam Smith, Alfred Marshall, and John Bates Clark....
Persistent link: https://www.econbiz.de/10012964658
The career and contributions of Roy Blough (1901-2000) are considered as a case study of Wisconsin Institutionalism in government policy-making at mid-century. Faculty member at Cincinnati, Chicago and Columbia, editor of the National Tax Journal, director of the research division of the U.S....
Persistent link: https://www.econbiz.de/10012935298
This paper explores some ontological and epistemological conditions of the emergence of the Veblenian system of political economy. For that, we refer to Foucault's archaeology of political economy, since it offers insights into some of the relations that help us to understand the underlying...
Persistent link: https://www.econbiz.de/10011858397
Persistent link: https://www.econbiz.de/10003862934
This paper suggests that Clark's views regarding the Keynesian Revolution illuminate some of the limitations of the Keynesian orthodoxy that developed after the war, bringing more institutional detail and a greater preocupation with dynamic analysis. Clark developed the multiplier in dynamic...
Persistent link: https://www.econbiz.de/10008728885
Institutionalism was the dominant approach to public finance prior to World War II, after which it was eclipsed by Pigouvianism and Keynesianism. This transition defined the career of Wisconsin's Harold M. Groves (1897-1969). Groves was a notable public finance economist, leading textbook...
Persistent link: https://www.econbiz.de/10012937590
This article is the introductory chapter to a festschrift in honour of Geoff Hodgson. In work spanning four decades, Geoff Hodgson has made many path-breaking contributions to institutional economics, evolutionary economics, economic methodology, the history of economic thought and social theory...
Persistent link: https://www.econbiz.de/10012866139