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This paper challenges the commonly held view that Smith's moral theory is a subjectivist theory. Smith's test for …
Persistent link: https://www.econbiz.de/10012156273
This paper explores some ontological and epistemological conditions of the emergence of the Veblenian system of political economy. For that, we refer to Foucault's archaeology of political economy, since it offers insights into some of the relations that help us to understand the underlying...
Persistent link: https://www.econbiz.de/10011864978
first sided with the so-called "compensation theory" that workers are not harmed by the introduction of machinery. In his … lecture notes of April 1900, made available here for the first time, Wicksell deployed marginal productivity theory to discuss …
Persistent link: https://www.econbiz.de/10011865125
Scitovsky is known as a forerunner of behavioural economics simply because he drew heavily on psychology and claimed that people's choices may be "joyless" (Scitovsky, The joyless economy, 1976). However, a careful reformulation of his analysis shows that he anticipated a number of insights...
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Leszek Jasiński [2019] attempts, as the title indicates, "a reading after half a century" of Michał Kalecki's thought. We dispute the main claim in the book, i.e. that Kalecki has a firm place in contemporary mainstream economics and was the originator of many ideas generally accepted today....
Persistent link: https://www.econbiz.de/10012303050
Luigi Barone’s famous curve offers an excellent framework for the study of the microeconomic and macroeconomic implications of innovation and imitation. However, neither Barone nor his epig- ones have been able to sufficiently "exploit" his contribution to date. Complementing his analysis of...
Persistent link: https://www.econbiz.de/10012175905
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