Bruce Caldwell (2004) “Hayek’s Challenge” tells the story of the evolution of Hayek’s methodological standpoint. In Caldwell’s account, Hayek is driven by the desire to identify a truly scientific approach to the study of society as a complex adaptive order which at the same time will...

This paper provides textual evidence of Keynes´s position on monetary policy and shaping international monetary relations. One result of my contribution is that the famous dichotomy 'rules versus discretion' is of no relevance to his economic theory, because he used the term 'rules' not in the...

This paper concerns a neglected aspect of Lucas’s work: his methodological writings, published and unpublished. Particular attention is paid to his views on the relationship between theory and ideology. I start by setting out Lucas’s non-standard conception of theory: to him, a theory and a...

In dealing with the problematic relationship of morality to rational choice theory, neoclassical economists since Lionel Robbins have often argued that they can incorporate moral values into consumer theory by putting those values into the utility function. This paper tests the viability of such...

In May 1962, social psychologist, Stanley Milgram, ran what was arguably the most controversial variation of his Obedience to Authority (OTA) experiments: the Relationship Condition (RC). In the RC, participants were required to bring a friend, with one becoming the teacher and the other the...

The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve...

The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve...

This paper analyzes Robert Lucas's contribution to economic theory between 1967 (year of his first solo publication) and 1981 (the year before the emergence of Real Business Cycle approach), and it has two parts. The first one, using citation data from three different sources, we try to answer...