Adam Smith hat in seinem Bild des Menschen der Rolle der Imagination einen so großen Stellenwert eingeräumt, dass es berechtigt ist, ihn als Bildanthropologen zu bezeichnen. Der Aspekt des Bildvermögens von Menschen geriet im Laufe des 19. Jahrhunderts in der Geschichte der Wirtschaftstheorie...

H. Gregg Lewis did fundamental research outlining the economic effects of trade unions and considering how to measure them carefully. He also laid out the theory of the supply and demand for labor in careful detail that has underlain economists' thinking about these outcomes. Aside from...

"Double marginalization" and "Elimination of Double marginalization" are catch-phrases commonly used in the IO literature. In this note, I trace back the origin of the idea to Chapter IX, on complementary goods monopolies, of Cournot (1838). Through the years Cournot's contribution remained a...

For many decades, Ingemar Ståhl was a well-known economist in Sweden. He introduced new perspectives into research, teaching and public debate. He made his presence felt in areas as diverse as housing policy, defense economics, energy policy, financial economics, industrial policy, higher...

The paper aims to show how the formal revolution in economics has influenced the developments of Rational Choice and Game Theory in Political Science. Our focus will be on American political scientist William H. Riker (1920-1993). We want to show how Riker used game theory and adapted it to...

Routine action', a form to take action, is widely accepted in the economic field, because of its resource saving effect which contributes to average cost degression. However, from an entropic point of view, each form of acting requires decision making in regard to consumption of resources and...

Shackle was one of the representative critics of probability calculus. His alternative decision theory was mathematically reformalized by Katzner till 1990s. Following the Katzner's reformalized framework, this paper presents a new interpretation of Shacklean theory by focusing on the common...

In the history of economic thought, Shackle was one of the representative critics about probability based economic theory. Specifically, he constructed his own concept of subjective uncertainty called potential surprise to replace probability. In 1980s, the potential surprise is axiomatized by...

This paper discusses three approaches in economics which take a position on the definition of well-being and which use insights from psychology to support their positions: Scitovsky's Joyless Economy, happiness economics, and the constitutional approach to happiness in economics. The paper shows...

Studies conducted in the United States came to the conclusion that the annual average inflationary rate of 3 percent measured during the interval beginning in the early 1990's through the mid-1990's overestimates by 1.1 percentage points the changes in the cost of living. As a result, throughout...