The present essay investigates F.A. Hayek's epistemology and his methodology of sciences of complex phenomena for implications relevant to an explanation of Hayek's own so- called "epistemic turn." The thesis defended here is that Hayek's dissatisfaction with his technical economics – in...

Economic behavior strives for efficiency. Therefore, also evolving network structures should be a result of such a goal-oriented behavior. Traditionally, networks were assumed to be only temporary phenomena, since the prevailing organizational forms that comply with the efficiency postulate are...

Meir Kohn’s Exchange and Value claims that economics can be characterised around two opposed paradigms, the exchange and the value paradigms. In this paper, we apply this dichotomy to characterise the analyses proposed by economists in the field known as “law and economics”. We compare and...

The neoliberal economic and political practice is still worldwide present. But deregulation is no longer very popular. New rules are imposed. Easy consumer credit and excessive issues of financial liabilities are recognized as directly responsible for the crisis. Neoliberal policies ultimately...

In this essay, I quantitatively analyze the significance of scholarship in economic philosophy since the 1960s. In order to do so, I examine, through the number of publications and citations, the evolution of the main trends in economic philosophy over a fifty years period. This paper will...

This paper aims to propose a reading of [des] political order in Colombia, using as a theoretical source of Douglass North's reflections on the economic formation of political institutions. The contributions of this letter are very preliminary in nature and can better be understood taking into...

Institutions are the rules that guide social interactions. By creating incentives or constraints, they guide human actions in the social cooperation process. Society is a reflection of social cooperation and becomes, in fact, the expression of the existing institutional frame. In this paper,...

The question of what is the 'Coase Theorem?' has no simple answer. The majority of articles covering a variety of issues on the 'Coase Theorem' still misrepresent the main message of Coase (1960). The remaining controversy over the 'Coase Theorem' is because the literature on Coase (1960) has...

The article shows that mainstream economics, which now includes such current as new institutional economics, is the result of an evolution shaped by three institutions (capitalism, university and mathematics) by imposing to the profession of economists their founding beliefs. These beliefs are:...

The article is divided into two parts. The first describes Hayek's critique of the progressive tax system since its conception of social order and fiscal rationality. Hayek thinks about a key principle in liberal democracies: majority rule. And stretching comments to the influence of morality in...