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This article reviews an English translation of "First Principles of Islamic Economics" (Leicester: Islamic Foundation, 2011) by Maulana Sayyid Abu'l A‘la Maududi (1903-1979), a foundational document of the field, that was published in Urdu in 1969. After a brief Introduction the selections in...
Persistent link: https://www.econbiz.de/10013086045
Behavioral economics emerged in the second half of the 20th century and has become an important social science research area. Some have argued that the emergence of behavioral economics (BE) amounts to a scientific revolution. That is, they argue that BE is becoming or has become the new,...
Persistent link: https://www.econbiz.de/10013000173
The welfare state could not function without judgments about how well off its citizens are. For example, governments devise progressive income taxes, which are designed to capture more wealth from the well off and less from the impecunious. These policies presume an ability to take a manageable...
Persistent link: https://www.econbiz.de/10013159823
Keynes’s revolutionary ideas exposed in the General Theory have been "lost in translation". This brief note is an attempt to … reconcile Pernecky and Wojick’s claim that Keynes’s new economics of the General Theory and Walrasian General Equilibrium are …’s appraisal of Keynes’s paradigm as a better approximation to the ‘real world’ than Walsrasian General Equilibrium is inconsistent …
Persistent link: https://www.econbiz.de/10013173052
Keynes’s revolutionary ideas exposed in the General Theory have been ‘lost in translation’. This brief note is an attempt to … reconcile Pernecky and Wojick’s claim that Keynes’s new economics of the General Theory and Walrasian General Equilibrium are …’s appraisal of Keynes’s paradigm as a better approximation to the ‘real world’ than Walsrasian General Equilibrum is inconsistent …
Persistent link: https://www.econbiz.de/10012416106
Experimental evolution is difficult to apply to humans because of the need to study possible changes over many generations. A similar method, though, may see history as a substitute for experiments. The 18th century economist Adam Smith uses methods compatible with the logic of experimental...
Persistent link: https://www.econbiz.de/10012922803
In this article I take up the relationship between economics and law in the hundred-year period preceding the establishing of economics as a separate discipline. Rather than providing a review of historical milestones, I concentrate on some observations that illustrate the relationship between...
Persistent link: https://www.econbiz.de/10010191973
occurred in the Bloomsbury Group that included the economist John Maynard Keynes. They rejected “Benthamism” and distinguished …
Persistent link: https://www.econbiz.de/10014023827
Eponymic honor is a common form of professional recognition in economics, as it is in other sciences. There also seems to be convincing evidence that individuals exposed to economic theory behave less cooperatively and more self-interestedly than individuals who have not been exposed to such...
Persistent link: https://www.econbiz.de/10013121033
L'articolo è rivolto a gettare un ponte fra la storia economica e la storia del pensiero economico nell'esperienza italiana dell'Ottocento e del Novecento. Vengono scelti e approfonditi episodi e fasi concernenti lo sviluppo, la stabilità, la distribuzione del reddito nell'economia italiana...
Persistent link: https://www.econbiz.de/10013091015