This essay addresses issues related to the History of Economic Thought, Comparative Economic Analysis, and Institutional Economics alluded to in Mark Perlman's "The Character of Economic Thought, Economic Characters, and Economic Institutions". Specifically, some differences between the strands...

The fiscal multiplier is a condensed key figure of the complex transmission mechanism of fiscal policy into output. I give an overview and systemize the numerous contributions to the theory and measurement of multipliers. The analysis is not confined to a certain model class but is intended to...

In this paper the view of humankind and nature upon which the thinking of Malthus is founded will be reflected on and contrasted with the opposed understanding of his contemporary Wordsworth. We show that the economic considerations of both are based decidedly on the premise of these views, and...

One approach to analyzing inequality is to compare average economic choices from a classical theoretical framework. Another approach considers the impact of the formation of society, through statutes and institutions, on average economic outcomes. This paper studies the effects of slavery on...

We develop an analytical core for sociology. We follow standard dynamical systems theory by first specifying the conditions for social equilibrium, and then study the dynamical principles that govern disequilibrium behavior. Our general social equilibrium model is an expansion of the general...

Our society is fundamentally changing. These days, almost nothing works without a computer chip. Processing power doubles every 18 months and will exceed the capabilities of human brains in about ten years from now. Some time ago, IBM's Big Blue computer already beat the best chess player....

In this paper we review the challenges to the current economic system, and proceed by presenting two competing paradigms- the economistic and the humanistic paradigm of business. We then develop the consequences of the humanistic view for the theory of the firm and the practice of the firm. We...

The term “Institutional Economics” has been applied to some of capitalism's strongest critics as well as its most ardent apologists. This paradox in terms has bred contradictory literature in development economics, some declaring the death of this line of thought while others herald its...

Dieser Aufsatz reflektiert das Verständnis von Mensch und Natur, welches dem Denken von Malthus zugrunde liegt und kontrastiert es mit dem völlig anderen Verständnis seines Zeitgenossen William Wordsworth. Wir zeigen, dass die ökonomischen Überlegungen beider entscheidend durch diese...

This text challenges assumptions about the foundations of the Leon Walras' marginalist theory in the utilitarianism of Jeremy Bentham. The problematic is approached through a comparative study between Bentham's and Walras' ideas on three focus areas: 1. their views of society and the social...