This article revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the …

provision are so unusual that neoclassical theory is especially unsuited to the area. Even mainstream health economists often …

In this paper I propose a novel abstract mechanism for the creation and diffusion of knowledge and use an agent based … explain and the stocks of knowledge available in a society, be it individually or collectively. I find that the aggregate … number of knowledge units in a society increases more slowly, the more naive its inhabitants are. I also find that the …

The paper revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the … institutions offers insights for the problem of coordination. (3) Lachmann extends contemporary new institutional theory without …

as knowledge, subject to their own awareness constraints. I characterize the interactive knowledge hierarchies under … knowledge. Aumann's classic characterization of common knowledge does not immediately apply in this environment, even if there … is "common awareness" of the event involved. An alternative characterization of common knowledge is provided …

methodology, the history of economic thought and social theory more broadly. Hodgson's reputation as a prolific and important …

this notion for future researches on growth theory, economic development theories, organizational theories, and overall on …

debate on capitalism’s future. Institutional-evolutionary theory is based on a contemporary revival of Thorstein Veblen …’s work. I argue the theory contains the resources for investigating the historical specificity of capitalism. Following … future banking crises. Understanding the future of capitalism requires knowledge of its institutional logic, how this …