Although separated from his systematic analyses of modern corporate capitalism and its institutional culture, John Kenneth Galbraith's theory of speculative manias that informed his analyses of the great bubbles of 1929 and 1987 stand as a vital part of his legacy to modern economics. In this...

Purpose – Because belief in a supernatural agent with extraordinary power is rooted in psychology, Veblen's instinct psychology was the essential basis for his evolutionary economics of religion. The innate behavioral traits that Veblen called instincts in human nature are now recognized in...