Positive and negative feelings were central to the development of economics, especially in utility theory in classical economics. While neoclassical utility theory ignored feelings, behavioral economics more recently reintroduced feelings in utility theory. Beyond feelings, economic theorists...

We reformulate the Humean farmer game on the basis of random assignment of advantage and the cost e of helping in another's harvest. The result is a game that is a coordination game if e < ½ or a dominant strategy Prisoner's Dilemma Game if e > ½ which allows a joint treatment of the two interpretations of the Humean farmer game. We employ two...</½>

The rhetoric of positivism had a profound effect on the worldview and practice of economists in the middle of the last century. Though this influence has greatly diminished, it still may be found in the attitude of many economists towards the history of their discipline. This paper traces the...

This draft chapter for the Elgar International Handbook on Teaching and Learning Economics is intended to give advice to instructors who might be teaching a history of economic thought course to undergraduates for the first time or who have perhaps been teaching for a while but would like to...

Richard Musgrave was one of the around 200 academic economists who emigrated from Germany when Fascism came to dominate the country. This memorial lecture traces the German and European roots of Richard Musgrave's oeuvre, trying to shed light on his family background as well as on the political...

While economists have been contributing to the discussion of various aspects of sustainability for decades, it is just recently that the term sustainability economics was used explicitly in the ecological, environmental, and resource economics community. Yet, the contributions that use the term...

Dieser Aufsatz diskutiert Wege zur Lösung von Umweltproblemen. Einen Weg bietet die Wirtschaftswissenschaft: Sie hat ökonomische Instrumente entwickelt, die der Umwelt einen Marktpreis zuordnen und so den Marktmechanismus zur Lösung von Umweltproblemen einsetzten. Dieser Weg der...

С перехом к рыночным отношениям в Российской Федерации возникла необходимость приспособить обучающую программу аграрных вузов и включить в ее дисциплину...

The fundamental problem of external validity is not to generalize from one experiment, so much as to experimentally test generalizable theories. That is, theories that explain the systematic variation of causal effects across contexts. Here we show how the graphical language of causal diagrams...

In the famous debate between Keynes and Ohlin on the transfer problem, the interaction between non-traded goods and unemployment complicates the analysis considerably. We analyze these issues using four different models to conclude that Keynes's concern regarding the large burden imposed on...