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The Monetary Structure of Economic Activity

Desan, Christine A. - 2020

The modern approach to the market as a place with autonomy depends on a certain view of money. According to that view, money is a neutral technology that expresses individual choices made about real goods and services. But the controversies over money that regularly arise in political...

Persistent link: https://www.econbiz.de/10012839160

Economic Indulgences : Old and New Debates on Welfare and Freedom

Cowan, David - 2020

This paper was presented as the Henry Hazlitt Memorial Lecture at the Austrian Economics Research Conference, Ludwig von Mises Institute Auburn, Alabama. In this lecture, I look at a debate in the 1960s between Frank H. Knight, the subject of my new book (2016) in Palgrave Macmillan's Great...

Persistent link: https://www.econbiz.de/10012844933

Austrian Economics and the Bloomington School : An Introduction and Overview

Aligica, Paul Dragos - 2017

This paper compares and contrasts two schools of political economy: the Austrian School, prominent members of which include Friedrich Hayek and Ludwig von Mises; and the Bloomington School, which was founded by Elinor and Vincent Ostrom. It is argued that the two traditions share a good deal in...

Persistent link: https://www.econbiz.de/10012953094

The Ostroms and Hayek as Theorists of Complex Adaptive Systems : Commonality and Complementarity

Lewis, Paul A. - 2017

This paper uses the theory of complex systems as a conceptual lens through which to compare the work of Friedrich Hayek and Vincent and Elinor Ostrom. It is well known that, from the 1950s onwards, Hayek conceptualised the market as a complex adaptive system. It is argued in this paper that,...

Persistent link: https://www.econbiz.de/10012960213

Towards a Trans-Disciplinary Econophysics

Jovanovic, Franck - 2018

This paper deals with the disciplinary dimension of a very new field called econophysics and shows that despite the fact that econophysics is regularly described as an interdisciplinary approach, it is in fact a multidisciplinary field. Beyond this observation, we note that recent developments...

Persistent link: https://www.econbiz.de/10012907161

Ontology and the History of Economic Thought : An Introduction

Lewis, Paul A. - 2020

This paper is the introduction to a special issue of the Cambridge Journal of Economics on the topic of ontology and the history of economic thought. It explains what is meant by social ontology and why ontological issues should be taken seriously by historians of economic thought. It then goes...

Persistent link: https://www.econbiz.de/10012827089

James Buchanan on the Nature of Choice : Ontology, Artifactual man, and the Constitutional Moment in Political Economy

Lewis, Paul A. - 2019

Historians of economic thought are paying greater attention to issues of social ontology (that is, to the assumptions that economists make about the nature of social reality). In this paper, we contribute to this burgeoning literature by exploring the hitherto neglected way in which James...

Persistent link: https://www.econbiz.de/10012868240

Shackle on Choice, Imagination and Creativity : Hayekian Foundations

Lewis, Paul A. - 2016

This paper develops a response to some of the criticisms that have been made of G.L.S. Shackle's analysis of human decision-making because of its reliance on a Cartesian account of the mind. It is argued that the basis for a response can be found in the work on theoretical psychology developed...

Persistent link: https://www.econbiz.de/10013005194

‘Openness’ as a Methodological Principle of Sraffa’s Economic Thinking

Davis, John B. - 2019

This paper discusses the impact of Sraffa's thinking on economics. It argues increasing specialization in research is … traced to a 1931 turning point in Sraffa's thinking when he used an open-closed distinction to explain the relationship … argues there are important parallels between Sraffa and Gramsci's thinking regarding the open-closed distinction …

Persistent link: https://www.econbiz.de/10012860409

Sidney Weintraub and American Post Keynesianism : 1938-1970

Weintraub, E. Roy - 2014

Sidney Weintraub (1914-1983) was an American economist who spent most of his career at the University of Pennsylvania. A distinguished economic theorist (and the author's father), he was a co-founder of the Journal of Post Keynesian Economics, and the leading figure in the US in the early years...

Persistent link: https://www.econbiz.de/10013050435