Ordoliberalism and Keynesianism are not exactly known to fit hand in glove. Accordingly, the German economists Walter Eucken, head of the Freiburg school, and Wilhelm Röpke, from his Istanbul and Geneva exiles, were in near perfect agreement in their opposition to the interventionist "full...

This brief essay sketches the ways in which four leading economic thinkers (Knight, Coase, Posner and Sunstein) have dealt with a vexing tension in the relations of economics to law, the state, and the social. The tension arises as microeconomists address (or fail to address) the relations of...

The expression subsistence affluence is a catchphrase for certain perceptions of reality in Papua New Guinea, and after 50 years it still actively conditions opinions of the country (even though its population has trebled in the meantime). The paper examines antecedents of the concept in the...

The methodological debate between Frank Knight and Terence Hutchison is usually framed in terms of the philosophical debates between positivism and intuitionism, or between empirical knowledge and theoretical knowledge. Hutchison’s The significance and basic postulates of economic theory was,...

El tema central que aquí se aborda es el desarrollo del pensamiento político-económico, tanto en Alemania como Gran Bretaña, relacionado con la construcción de sociedades en las que el Estado desempeña el papel de asegurar niveles de estabilidad y seguridad económica a sus habitantes,...

Dans le développement des théories de l’équilibre général, Hicks et Allais ont joué un rôle essentiel. On étudie ici les contributions qui furent les leurs respectivement dans Valeur et Capital (1939) et dans le Traité d’économie pure (1943). L’accent est mis sur trois points :...

Professor Hsu demonstrates how law can operate to exacerbate the growth of capital over general economic growth. The point of this essay is to show that sometimes those laws are the result of intentional discrimination because of race

In 1958 Jacob Mincer pioneered an important approach to understand earnings distribution. In the years since Mincer’s seminal work, he as well as his students and colleagues extended the original human capital model, reaching important conclusions about a whole array of observations pertaining...

Four talks on Keynes in relation to the Bloomsbury Group: I. Maynard Keynes of Bloomsbury (Craufurd Goodwin); II. Keynes as Policy Advisor (E. Roy Weintraub); III. Keynes and Economics (Kevin D. Hoover); IV. Keynes and Hayek (Bruce Caldwell). The talks were delivered as part of roundtable...