The economic approach to the study of human behavior has been presented by its foremost representative as the most effective method of studying social phenomena. Gary Becker's view supposes that, on the one hand, all social phenomena can be explained as a consequence of individual actions and,...

Spanish Abstract: John Rawls, uno de los más influyentes filósofos contemporáneos, nos hizo volver a pensar en términos de justicia. Desde el comienzo del desarrollo de su teoría, Rawls intentó establecer un diálogo con los economistas porque creía que tenían un enorme ascendiente sobre...

In the modern lexicon, money is pure instrumentality, a colorless medium that transparently expresses real value. Contrary to that trope, however, we can get “inside” money: we can reconnoiter it as a structure entailing value that is engineered by certain societies. Taking a...

This research paper was presented at the 75th Anniversary celebration of Lionel Robbins celebrated Essay by the LSE in December 2007. It tries to ‘explode the traditional definition of Robbins' as a science that studies human behavior as a relationship between ends and scarce means which have...

The paper replies to Wade Hands's recent criticism of one part of my 2005 book, Economic Theory and Cognitive Science: Microexplanation (ETCS). Hands argues that my association of my view of the foundations of microeconomics with aspects of the thought of Lionel Robbins and Paul Samuelson is...

The most important financial source for behavioral economics is the Russell Sage Foundation (RSF). The most prominent behavioral economists among the RSF's twenty-six member Behavioral Economics Roundtable (BER) are Kahneman, Tversky, Thaler, Camerer, Loewenstein, Rabin, and Laibson. The...

In this article, we examine the doctrine of providence to see if the market system used by the United States and many other industrial nations can be thought of as part of God's providential care. The doctrine of providence concerns the preservation and direction of the universe. Theologians...

Alasdair MacIntyre argues that the Enlightenment ideology, which includes Adam Smith's moral theory, lacks any sense of telos and will, therefore, fail in the long run. This article accepts MacIntyre's challenge and examines Smith's moral philosophy arguing that Smith did not completely discard...

German Abstract: 2016 jährte sich das Erscheinen des Artikels von John Maurice Clark mit dem in der Überschrift genannten Titel im Journal of Political Economy zum hundertsten Mal. Clark legt in diesem Artikel seine Vorstellungen zur Entwicklung einer „economics of responsibility“ und zur...

Although it is still controversial, neuromarketing remains the most promising area of marketing. Basically, the goal of neuromarketing is to study how human brain is affected by marketing stimuli. In neuromarketing, brain activity can be monitored and measured using state-of-the-art neuroimaging...