Showing 101 - 110 of 12,021
Was the Keynesian message alive during the second half of the XXth Century, or was it betrayed by his followers? This article in the fields of the history of economic thought and methodology contrasts the Scientific Research Programmes (SRPs), a Lakatosian concept, of Keynes in The General...
Persistent link: https://www.econbiz.de/10013084582
This paper provides, after a contextualizing introduction, the first-time translation of Walter Eucken’s presentation during the first session of the founding meeting of the Mont Pèlerin Society, April 1-10, 1947. Eucken was the only scholar based in Germany to attend the conference and took...
Persistent link: https://www.econbiz.de/10013164738
The paper replies to Wade Hands's recent criticism of one part of my 2005 book, Economic Theory and Cognitive Science: Microexplanation (ETCS). Hands argues that my association of my view of the foundations of microeconomics with aspects of the thought of Lionel Robbins and Paul Samuelson is...
Persistent link: https://www.econbiz.de/10012724181
This essay uses evidence of the context from which Friedman wrote The Methodology of Positive Economics to call into question the standard interpretation of the essay's central message. The standard interpretation gives excessive weight to the choice between testing via assumptions and testing...
Persistent link: https://www.econbiz.de/10012733436
This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory and after, with a view of assessing the theory's ongoing relevance and applicability to issues of both monetary theory and policy. Contrary to the neoclassical quot;special...
Persistent link: https://www.econbiz.de/10012736141
The thesis of this paper is that Keynes wrote A Treatise on Probability contrasting his view to the frequentist theory, systematised by John Venn, which denied to probability any sort of utility in decision theory. Keynes's problem was of finding an alternative theory to be utilised as a guide...
Persistent link: https://www.econbiz.de/10012773660
In his 1931 unpublished ‘Surplus Product' manuscript Sraffa used an open-closed distinction to explain the relationship between the ‘economic field' and distribution. This paper examines Sraffa's thinking in this regard, and shows how it allowed him to resolve a problem he encountered in his...
Persistent link: https://www.econbiz.de/10012951607
Persistent link: https://www.econbiz.de/10012951811
This paper uses the theory of complex systems as a conceptual lens through which to compare the work of Friedrich Hayek and Vincent and Elinor Ostrom. It is well known that, from the 1950s onwards, Hayek conceptualised the market as a complex adaptive system. It is argued in this paper that,...
Persistent link: https://www.econbiz.de/10012960213
James Buchanan argued that Tullock was a “natural born” economist. In this paper, we explore the notion that Tullock, more appropriately, was a “natural born Misesian.” Characterizing Tullock as such, we ask the following question: was Gordon Tullock also an economic imperialist,...
Persistent link: https://www.econbiz.de/10012900457