The existence of a ‘Chicago school of economics' has for many years been all but taken for granted in the profession, recognized in scholarly articles and books, in history of economics texts, and even in the popular media. Its defining characteristics and membership, though, have been the...

It is now a commonplace to include a discussion of the Coase theorem in one's intermediate microeconomics textbook, generally in a chapter devoted to externalities or externalities and public goods. But this was not always the case. As the present paper demonstrates, it took nearly two decades...

The ‘Coase theorem' has long been the idea most commonly associated with Ronald Coase's analysis in The Problem of Social Cost. Yet, Coase frequently argued late in his career that he has been misunderstood, and that the central message(s) of the article lay elsewhere. Though virtually all of...

Although Ronald Coase is popularly associated with the Chicago School, his approach belongs to the late nineteenth and early twentieth century British tradition. In this essay, we address whether the Coasean or traditional British methodology can offer improvements to current methods. Current...

Jeremy Bentham's utilitarian analysis of crime and punishment is regularly characterized as an inspiration for the economic analysis of law, whereas Henry Sidgwick has been all but ignored in the discussions of the history of law and economics. Sidgwick is well known as the godfather of...

The 'Chicago Price Theory' approach to economics has been credited with shedding light on many fundamental questions relating to traditional economics and renowned scholars including Milton Friedman, Frank Knight, George Stigler, Jacob Viner and others have each played a key role in the...

Foreword -- Part One: Revisiting Marshall’s Economics -- 1. Alfred Marshall in the Lower Valdarno -- 2. The organization of knowledge and knowledge as organization -- 3.Raffaelli on historical progress in Smith and in Marshall -- 4. Marshall's external economies. Economic evolution and...

Paul Anthony Samuelson made wide-ranging contributions to scholarship in the history of economic thought over the course of his long professional career, doing so using a distinctive approach to the subject that was both a source of significant insights into the ideas of the past and the subject...

The ‘Coase theorem’ has long been the idea most commonly associated with Ronald Coase’s analysis in «The Problem of Social Cost». Yet, Coase frequently argued late in his career that he had been misunderstood, and that the central message(s) of the article lay elsewhere. Though virtually...