In his article on “What Is Still Wrong with Austrian economics?,” Peter Boettke considers matters of strategy for the Austrian school and stresses the importance of institutions and institutional analysis. This comment takes up both themes. Two possible strategies for institutional research...

In much of philosophy and social theory since classical antiquity, human belief and reason have been placed in the driving seat of individual action. In particular, social theory has often taken it for granted, or even by definition, that action is motivated by reasons based on beliefs. In...

The first American university to have a graduate programme was Johns Hopkins, founded in 1876. Between 1880 and 1914 a number of new universities such as Stanford and Chicago were established, and older institutions such as Yale and Harvard were modernised. The University of Chicago was founded...

Markus Becker and Thorbjørn Knudsen have rendered a valuable service by bringing the attention of the English-speaking academic world to Joseph Schumpeter’s important 1928 article on the entrepreneur.

"Economics and Biology" is a collection of key essays on the relationship between economics and biology. As the limitations of the mechanistic metaphor in economics are increasingly recognized, this volume explores the potential for the use of evolutionary and other ideas from the science of...

Rethinking Economics is a major contribution to the reconstruction of an economic theory appropriate to the 21st century. Just as major changes are occurring in the world economy, economics itself is on the brink of change. Orthodox economics is now widely criticized for its sterility and its...

For much of the twentieth century, mainstream economists have treated human agents in their models as if they were rational beings of unbounded computational capacity - the notorious 'Homo Economicus' of much economic theory. However, the patent inadequacies of this understanding of human nature...