Hedonic house-price models have long been used in urban studies to investigate important factors characterizing cities (eg, the demand for amenities or housing submarkets). Traditionally, the formulation of hedonic models has been solved using global spatial econometric techniques. The...

Some authors pointed to a realist orientation in Keynes's thought. However, since 'realism' is a wide and sometimes equivocal term, one may ask what kind of realism Keynes's realism is. This paper argues that Keynes held to an ontological, logical-semantic and epistemic realism. Whereas...

Specialists often maintain that Menger has been strongly influenced by Aristotle’s thought ideas.This paper shows that although using Aristotle’s categories and general framework there are some issues in which Menger’s conclusions differs from Aristotle’s.This hint out that Menger’s...

As Ronald Coase points out, there are two kinds of conceptions of economics: first, the conception that emphasizes the study of specific kinds of human activities; and, second, the conception that makes economics the study of a specific approach to all human choices. The paper first shortly...

In this paper two recent scientific proposals are introduced, the concepts of 'capabilities' drawn by Amartya Sen and of 'capacities' formulated by Nancy Cartwright. Sen's capabilities move at an anthropological and political level and suppose a revolution in the way of appraising development...

This paper sustains that reappraising Austrian economics in the light of Aristotelian ideas is not only possible but also fruitful. First, the paper draws a sketch of the essential features of Austrian economics. Next, it argues about the necessity for a thorough analysis of the notion of...

Tony Lawson's and Uskali Mauml;ki's respective realist projects rely on an ontology of the economy. This paper will not focus on these research projects but will instead try to shed light on them by introducing an ontology of the economy according to Aristotle. Oikonomikeacute;, the seminal term...

This paper will argue for the need to reinsert practical reason into economics. It will first define, classify, and characterize practical reason. Second, it will show how it applies to Economics (Section 3). Then, it will note the presence of this use of reason in the construction of the United...