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This paper challenges the commonly held view that Smith's moral theory is a subjectivist theory. Smith's test for goodness and rightness - for propriety - is not the approbation of an impartial spectator, but the warranted approbation of such a spectator. Something is right or good not because...
Persistent link: https://www.econbiz.de/10012156273
The paper serves as an introduction to the RuJE special issue on the circulation of economic ideas between Russia and the West. This circulation is a contentious issue, especially among Russian economists. In this article a specific pattern of West-Russia-West transfer is investigated. The...
Persistent link: https://www.econbiz.de/10012599520
Mikhail Tugan‑Baranovsky was one of the most prolific Russian economists at the turn of the 19–20th centuries. His thought was largely influenced by Western ideas, like most of his fellow Russian economists. But Tugan‑Baranovsky’s theories in turn also influenced Western economic thought...
Persistent link: https://www.econbiz.de/10012599544
The article investigates Wicksell's change of mind about the machinery question between 1890 and 1900/1901. Wicksell at 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...
Persistent link: https://www.econbiz.de/10011865125
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In past decades, significant work in behavioural economics has decisively revealed the limitations of the human agency model known as Homo Economicus, whereby humans are purely driven by material self-interest.1 These behavioural findings are, however, far from integrated in mainstream economic...
Persistent link: https://www.econbiz.de/10012617569
In this article, a specific pattern of West-Russia-West transfer in economic thought is described using two early cases from the 19th century. This pattern suggests that experiencing strong influence from the West, leading Russian economists developed and modified Western economic theories,...
Persistent link: https://www.econbiz.de/10012599542