Henry George and the Austrians disagreed on whether land is inherently different from other factors. Beyond this, they had much in common. The paper specifically argues that the similarities between George and the Austrians are derived from a similar underlying approach to choice. Both relied on...

Adam Smith hat in seinem Bild des Menschen der Rolle der Imagination einen so großen Stellenwert eingeräumt, dass es berechtigt ist, ihn als Bildanthropologen zu bezeichnen. Der Aspekt des Bildvermögens von Menschen geriet im Laufe des 19. Jahrhunderts in der Geschichte der Wirtschaftstheorie...

Once economics came to be understood as the scientific investigation of the operation of markets, economic theorists pushed ethical and metaphysical concerns outside their realm of study. After the separation, the claims of Christian theology had no more jurisdiction over the discipline of...

Conceptual lenses, or models (Allison 1969; Ortmann 2008), draw on stable ways of thinking about the world, or “reasoning routines”. We explore the deep structure of Adam Smith’s work, and to what extent it is the result of a set of “reasoning routines” that, at an early stage of his...

Much of the literature surrounding Schumpeter's 1942 Capitalism, Socialism and Democracy has focused on his reformulation of democratic theory rather than on the perceived tensions in the classical variant which motivated his reorientation. In contrast to the position of Schumpeter, the rational...

A focus on the information used in Bentham’s felicific calculus sheds new light on the contemporary debate in normative economics opposing non-welfarism to welfarism. As a utilitarian, Bentham is de facto welfarist on a moral sense. Unexpectedly, this study shows Bentham resorts to...

When we take seriously Smiths's oft-expressed admiration for the "beauty of a systematical arrangement of different observations connected by a few common principles" (WN, V.i.f.25) and seek those"connecting principles" within his own system of thought, his "positive index of welfare" loses its...

While there can be no disputing Smith's clear intent to employ his labor-commanded unit as a medium of value measure, we are still left with the problem of reconciling the multiple forms and characteristics taken on by this measure and the various applications to which it is put.That is the task...

Kornai János rendszerparadigma-fogalmából és az ott felsorolt közgazdászok névsorából kiindulva, a tanulmány kiemel néhány mozzanatot ennek eszmetörténeti előzményeiből. A hatvanas évek szociológiai irodalmában időszerűtlennek tartották a nagy elmélet létrehozását, a...