The scholars of the History of Economic Thought, irrespective of their ideological school, have always regarded Adam Smith as the founding father of the discipline of political economy. Particularly, the first seeds of the economics discipline were believed to be sowed by An Inquiry into the...

Why do people give away knowledge in tutoring other people’s children or when mentoring junior employees? Neoclassical economists explain informal learning as rational behavior that arises out of enlightened self interest. They can also justify it as acts that satisfy the agent’s preferences...

This paper is about the alleged tension between methodological individualism and evolutionary ideas in the work of Friedrich Hayek. This issue is much debated, but I focus my attention on a quite original incompatibility argument by Geoffrey Hodgson. Hodgson sympathizes with the evolutionary...

American legal academics began to cite Elinor Ostrom’s Governing the Commons (GC) shortly after its 1990 publication, with citations peaking in the mid 2000s and with signs of a new peak in 2010 in the wake of Ostrom’s Nobel Prize in Economics. The legal scholars most interested in GC have...

Chapter 12 of Keynes´ General Theory has concepts and analytical links with strong identification with the ones used by the so-called institutional approaches. This essay emphasises what seems to have been anticipated by Keynes on the research core of institutional economics, mainly based on...

The new institutional economics critique on ECLA thought: the institutional dimension and the role of ideology in economic development - This paper aims at discussing the validity of criticism raised by New Institutional Economics against ECLA (or Cepal) explanation of Latin America economic...

In 1940 Schumpeter wrote a paper entitled: “The Meaning of Rationality in the Social Sciences”, which was intended to one of the meetings of a seminar including Talcott Parsons, Wassilly Léontief, Paul Sweezy and other Harvard scholars, that he took the initiative to start. In this paper...

The paper revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann’s idiosyncratic (read: eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1)...

I denna uppsats visas att Dahmén redan 1939 hade kommit fram till den grundläggande transformationsteoretiska syn han redovisade i sin licentiat avhandling av 1942. I en djuplodande analys av felinvesteringarnas roll i långsiktiga utvecklingsförlopp grundlade Dahmén 1939 för det...

Neo-Schumpeterianism appeared in literature as a heterodox current and belongs to the evolutionary theories category. It works around and with innovation, considered to be a proper tool for measuring the qualitative changes which occur within an economy. The joint efforts of evolutionary...