We suggest, in this paper, the investigation of Adam Smith and Francis Ysidro Edgeworth's utilitarianism conceptions. Both conceptions were used in order to develop Economics as science. However, they presented the limitations of the economic theory, which boundaries recommended.

This paper compares Deirdre McCloskey's reading of the "bourgeois reevaluation" with Sergio Ricossa's. Italian economist Sergio Ricossa was – like McCloskey – schooled in the neoclassical, formalistic tradition, but in time drifted toward a more "Austrian" approach, as he was influenced by...

Die Begriffe Wohlfahrt und Wohlstand werden in ihrem dogmenhistorischen Entstehungskontext untersucht. Dabei wird zum einen der Schwerpunkt auf die von den Physiokraten, aber auch von John Stuart Mill, W. Stanley Jevons und sogar von deutschen Ordoliberalen thematisierten Wachstumsgrenzen gelegt...

Die Begriffe Wohlfahrt und Wohlstand werden in ihrem dogmenhistorischen Entstehungskontext untersucht. Dabei wird zum einen der Schwerpunkt auf die von den Physiokraten, aber auch von John Stuart Mill, W. Stanley Jevons und sogar von deutschen Ordoliberalen thematisierten Wachstumsgrenzen gelegt...

This paper examines the use of the medical metaphor in the early theories of crises. It first considers the borrowing of medical terminology and generic references to disease, which, notwithstanding their relatively trivial character, illustrate how crises were originally conceived as...

This paper concerns a stock jobbing scandal involving the French Company of the Indies on the eve of the French Revolution. Speculative trading in the company's shares on the Paris stock market triggered a credit crisis that brought down the king's chief minister, Calonne, and ushered in the...

Adam Smith recognized that there was a severe problem in all free market economies that no “Invisible Hand of the Market” could ever deal with effectively. Based on his readings of Plato (Socrates) and Aristotle, Smith explicitly identified a certain segment of upper income class individuals...