This article argues that within the current discussion of incentives in economics a crucial question is neglected: why are some incentives felt as very powerful reasons to alter actions at the same time as other incentives hardly manage to produce any effect at all, and while yet other...

We provide an analysis of the effectiveness of the cultural policy in Brazil under the Rouanet law for the period 1993-2016. We find that donations and sponsorships under this law have exacerbated existing disparities, benefitted mostly already profitable cultural organizations, and have given a...

This paper offers an alternative to existing economic theories of goods, which conceptualize goods as bundles of objective characteristics. We present two cases of Starbucks and Disraeli (1929 film) to show that relevant qualities of goods – along with costs and prices – emerge from the...

This paper analyzes the work of Wilhelm Röpke, Friedrich Hayek and Bertrand de Jouvenel in the years leading up to, during and following WWII. It argues that these three political-economic thinkers all went through a period of deep despair about the fate of Europe and its civilization. This...

This is an introduction to a forthcoming edited volume on Governing Markets as Knowledge Commons. We develop a theoretical framework for the analysis of the production, reproduction, and transformation of intellectual and legal infrastructures that enable market interactions using the Governing...

This paper argues that Schumpeter's ‘Theory of Economic Development' is best interpreted as a theory of the avant-garde, in line with such theories developed by artistic avant-garde at the times, such as the Futurists. The work is not only published around the same time that many avant-garde...

This paper develops an alternative view of corporatism. The dominant view of corporatism, as espoused by Edmund Phelps in his recent book Mass Flourishing, views corporatism as an advanced form of state capture. The alternative view developed here instead argues that corporatist institutional...

This paper analyzes the role of awards as quality signals in the book industry. Drawing on a novel dataset of book awards it examines the level of consensus between expert juries (as measured by awards and nominations), active consumption (as measured by consumer ratings), passive consumption...

This paper argues that there are two rival meanings of the concept of ecological rationality, which are often believed to be closely related if not similar. The first type is ecological rationality (ER1) as used in the work of Gerd Gigerenzer, which refers to the use of cognitive strategies,...