This study contributes to economic knowledge by recovering the system of economic philosophy and theory developed by the 19th century American Protectionists. The account provided in this thesis is comprehensive and covers all major aspects of their theoretical system. Put simply, this study...

Innovation is novelty - it involves doing new things in new ways. So new products, new processes, new organizational methods, new services, and so on, are all part of innovation. Technological innovation transforms and improves the technical attributes and performance characteristics of products...

The representative firm has been a much-criticized concept, subject to conflicting interpretations with respect to both its configuration and its intended role in Marshall's Principles (the Principles).2 The concept found itself a focal point of much of the debate during the significant cost...

The role of money in society has been a controversial topic in economic theory over many years. Particular attention has been devoted to the analysis whether there should be competition in the supply of money, or whether this is best left to a governmental agency. This paper reviews the...

Thinking about Ronald Coase, economists generally refer to transaction and social costs, to the importance of property rights and institutions or to the Coase-theorem. Examine his work more closely, a common feature takes shape behind these ideas, the public utilities. The constant and detailed...

This paper addresses the limitations of Modern Money Theory (MMT) as a guide to development policy. We explore two central questions on this topic: whether MMT policies 1) ought to be implemented in low- and middle-income economies and 2) can be implemented. In relation to the first question, we...

A number of studies have been conducted in the recent past throwing light on Kautilya's contribution to economic policy much earlier than contributions from western scholars. In his treatise Arthashastra, Kautilya informs that his contribution was based on received knowledge and gives credit to...

The History of Economic Thought as a field has long taken it as a premise that so far as ancient economic thought is concerned, only the Greeks and Romans are worth studying. This paper introduces the Guanzi as a core text in ancient Chinese economic thought on price stabilization from a...

Traditionally, students of economics have often been told that it is a non-experimental science. Using a quantitative and qualitative analysis of introductory economics textbooks, we track the historical evolution of this rhetoric from 1970 to the present day. We find that anti-experimental...

The theory and practice of stabilization policy has taken many turns as it evolved over the past century, oscillating between high hopes and deep skepticism regarding the capacity - and desirability - of governments taking responsibility for macroeconomic stability. This paper reviews the...