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This note reviews the changes Samuelson made to the family tree of economics between the 4th and 11th editions of his … textbook Economics in relation to the book's changing coverage of the history of economic thought. Of particular interest are … the development from "neoclassical synthesis" to "new economics" to "Post-Keynes Mainstream", and the change from implying …
Persistent link: https://www.econbiz.de/10012991703
series "Recollections of Eminent Economics", originally published in vol. 37 n. 148 of "Banca Nazionale del Lavoro Quarterly …
Persistent link: https://www.econbiz.de/10013045131
happened to political economy ever since, and how far economics has diverged from Robbins' agenda. Our main claim is that these … topics appeared on the second edition of the Essay because Robbins saw them as fundamental if economics (as a science) were … to mimic the methods of the natural sciences by preserving the human element that makes economics a social science …
Persistent link: https://www.econbiz.de/10012917194
series “Recollections of Eminent Economics”, originally published in vol. 37 n. 148 of “Banca Nazionale del Lavoro Quarterly … Austrian School, Steindl witnessed two major changes in economics: the Keynesian revolution, and the subsequent …
Persistent link: https://www.econbiz.de/10012925232
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
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
is argued that economics embraced a technocratic conception of politics and science. Philosophers, too, embraced and … philosophers and economics and that keep not just ethics, but virtue outside of economics. Many of these philosophers’ commitments … pure economics. So, in effect, this paper explores the origin and nature of a conceptual split between economics and ethics …
Persistent link: https://www.econbiz.de/10014135743
In 1958 Jacob Mincer pioneered an important approach to understand earnings distribution. In the years since Mincer?s seminal work, he as well as his students and colleagues extended the original human capital model, reaching important conclusions about a whole array of observations pertaining...
Persistent link: https://www.econbiz.de/10010261587
Paul Samuelson proposed and practiced a program for the Whig history of economics. One such example is his account of …
Persistent link: https://www.econbiz.de/10013138159