The paper tries to clarify the status of the market in Social Choice and Individual Values. It shows how Arrow at first intended to propose a third theorem of welfare economics (Feldman [1991]), which would show that the market achieves not only Pareto-optimality, but also equitable social...

Joint production is a term with a long history in economics, encompassing a variety of ubiquitous production types that usually generate both main products as well as desirable and undesirable byproducts. However, studies in economic history show that important phenomena subsumed under this term...

We analyze the educational background of Economics Professors in Brazilian Economics Graduate Programs, in terms of PhD affiliations. Using a method of structural equivalence, we propose three groups among institutions that granted PhD degrees to Brazilian Economics Professors.

The paper investigates historical aspects of the formation of the scientific community of economists in Brazil, taking the current research effort about the economics of Covid-19 as a starting-point of the narrative. The transnational character of science in general and economics in particular...

The growing importance of services has led to significant structural change in advancedeconomies, with the service sector now accounting for the largest share of employment indeveloped countries. In his seminal model of the so-called cost disease of services, WilliamBaumol noted that the prices...

Language as a formal and informal institution can be a useful tool of the society for effective communication in order to adopt the right policies for economic development, etc. And yet Greece is probably the only country in the world which does not differentiate Finance from Economics, e.g....

The paper analyses the effects of monetary policy crisis management of the European Central Bank on the economic order of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and Müller-Armack (1966) has been a core element of growth,...

This study aims to uncover Max Weber as a direct and indirect influence on Alexander Rüstow and Wilhelm Röpke and the emergence of ordoliberal socio-economic thought in the 1930s and 40s. Weber contributed to the German Kulturkritik of the early 20th century that shaped the academic and...

Bei der Analyse der rückläufigen Innovations- und Wachstumsdynamik moderner Volkswirtschaften lassen sich neben ökonomischen Ursachen auch kulturelle bzw. ethische Einflussfaktoren feststellen. Edmund Phelps hat in seiner Theorie zur Innovationsfähigkeit der Marktwirtschaft die Bedeutung...