This book presents the history of economic thought as it relates to today’s most pressing problems, and it emphasizes the critical connection that exists between what may seem cold, unrealistic mathematical economic models, and the quality of everyday life of any citizen of the planet earth....

This paper discusses the establishment of the minimum wage determination process in the early twentieth century Australia, following the institutionalisation of compulsory industrial arbitration between capital and labour. This process led to the 1907 Harvester judgment whereby the Common-...

The present paper, taking the cue from the Italian translation of Vergangenheit und Zukunft der Sozialwissenschaften (The Past and Future of Social Sciences), a Schumpeter’s book which was not always well understood in the literature, tries to pose some questions about Schumpeter’s work....

Using recent findings from modern empirical disciplines and mainly building on F.A.Hayek’s thoughts, the paper gives a definition of knowledge in accord with the Austrian School’s tradition, and basing on the definition, it sums up three behavior assumptions and a framework on explaining...

Vincent Ostrom's legacy is revisited in this paper along three dimensions: Ostrom's contributions as a historian of politico-economic thought, as a complexity theorist, and as an epistemologist. All three dimensions are captured from a perspective which has seldom been studied systematically...

The present paper, taking the cue from the Italian translation of Vergangenheit und Zukunft der Sozialwissenschaften (The Past and Future of Social Sciences), a Schumpeter’s book which was not always well understood in the literature, tries to pose some questions about Schumpeter’s work....

Today, Alchian's "Uncertainty, evolution and economic theory" (1950) is hailed by evolutionary economists as a most important piece, which resumed an evolutionary brand of theorizing in economics after the eclipse of the interwar period. On the other hand, Alchian's article is also cherished by...

A tanulmány a közgazdaságtanban gyakori módszertani törekvést vizsgálja arra, hogy lehetőség szerint minél több összefüggést kvantitatív formában ábrázoljanak. Itt kulcskérdés, hogy a tények tükrözésének a természettudományokban megszokott módszerei milyen...

How relevant is the notion of evolution for economics? In view of the paradigmatic influence of Darwinian thought, several recently advocated interpretations are discussed first which rely on Darwinian concepts. As an alternative, a notion of evolution is suggested that is based on a few,...

Using recent findings from modern empirical disciplines and mainly building on F.A.Hayek’s thoughts, the paper gives a definition of knowledge in accord with the Austrian School’s tradition, and basing on the definition, it sums up three behavior assumptions and a framework on explaining...