This elaboration starts by deciphering modern science as a social subsystem being loosely coupled to the rest of society (section 2.1). Additionally, the way in which modern (monistic) economics was generated within this subsystem will be sketched (section 2.2). This will be contrasted with the...

We extend the Institutional Possibility Frontier (IPF) — a theoretical framework depicting the institutional trade-offs between the dual costs of dictatorship and disorder (Djankov et al. 2003) — by incorporating the notion of subjective costs. The costs of institutional choice are not...

Professor W. B. Reddaway (known to friends and colleagues as Brian Reddaway) was an exceptional economist who had a huge influence on how economics in Cambridge has been taught and researched. He held leadership positions in the Faculty of Economics and Politics at Cambridge for 25 years,...

The Great Depression is a seminal event in history and hence is widely covered in history courses of all types. However, it is often ignored (as is most history) in current core and advanced courses in undergraduate business, economics and finance curricula. This paper discusses ways in which...

This paper is based on an “interview” I did for publons on how I approach refereeing for academic/scholarly journals. The paper covers a broad range of issues across topics including: managing invitations; writing the review; and open reviews. The views are my own, based on a career spanning...