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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 …
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This paper challenges the commonly held view that Smith's moral theory is a subjectivist theory. Smith's test for …
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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...
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For the scientific understanding and correct adjustment of domestic and foreign economic operations, both academic research and policy-making require the analysis of the relationship between the proportion principle of labor distribution, market mechanism and state economic adjustment. The...
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