Many people believe in the "Law of Small Numbers," exaggerating the degree to which a small sample resembles the population from which it is drawn. To model this, I assume that a person exaggerates the likelihood that a short sequence of i.i.d. signals resembles the long-run rate at which those...

Under the leadership of two Yale PhDs, Franklin Ho and H.D. Fong, the Nankai Institute of Economics developed in the 1930s into one of China's best teaching and research programs. Faculty were constantly recruited from the products of leading western graduate schools. Important financial support...

This paper analyzes the way in which Keynsian economic analysis were introduced into China. Many of the details of the paper were based on interviews with a number of senior Chinese economists: Chen Dai-sun, Wang Chuan-lun, Wu Pao-san, Chen Chenhan, Tsui Shu-hsiang, and Gao Hong- ye. These were...

J.M. Keynes and F.A. Hayek had different economic ideas even though both were subjectivists seriously engaged with issues of time and uncertainty in economics. The source of the difference between their economic ideas was the difference between their philosophical ideas. Keynes was a Cartesian...

This paper examines the history of the neoclassical theory of consumer demand from 1871 to 1971 by bringing into play the knowledge theory of the Marburg School, a Neo-Kantian philosophical movement. The work aims to show the usefulness of a Marburg-inspired epistemology in rationalizing the...

Starting from Schumpeter’s important distinction between „real analysis“ and „monetary analysis“, in this paper it is shown that major elements of Marx’s economic theory fall in the camp of monetary analysis and the implications for Marx’s theory of capital accumulation are...

Principi di Economia Civile Prof. Stefano Zamagni Lezione seminariale del 7 aprile 2005 Università Milano - Bicocca (a cura di Tommaso Reggiani - appunti schematici non revisionati dal relatore)