After presenting some casual evidence about the difference between economists and the rest of the population, first the survey and experimental evidence which has been presented on this topic during the last 20 years is discussed. But can these results really be transferred to real world...

Every government that controls an exhaustible resource must decide whether to exploit it or to conserve and thereby let the subsequent government decide whether to exploit or conserve. This paper develops a model of this situation and shows when a small probability that some future government...

Friedrich Hayek devoted the later part of his career to investigating the legal rules required for the existence of a free society. The subject of this paper is Hayek's treatment of legal positivism, which he thought was the most important intellectual movement responsible for the decline of...

Introduction The Argument in Brief -- Economics Is in Scientific Trouble -- An Antique, Unethical, and Badly Measured Behaviorism Doesn't Yield Good Economic Science or Good Politics -- Economics Needs to Get Serious about Measuring the Economy -- The Number of Unmeasured "Imperfections" Is...

The paper refers to Kolodko's new and innovative look at economics and its contemporary aims. The paper is composed of three parts. The first, methodological part includes a discussion of the ultimate aims of economic sciences with the consideration of special features of its subject (economy):...

The paper refers to Kolodko's new and innovative look at economics and its contemporary aims. The paper is composed of three parts. The first, methodological part includes a discussion of the ultimate aims of economic sciences with the consideration of special features of its subject (economy):...

[Eliminating history from economic thought] Formal analysis, in which maximizing agents use today's 'true' model of the economy to form expectation upon which they then base their behaviour, trivializes the role of the future in economic life and ignores the possibility that the past's models,...

Positive economics, which is aimed on searching patterns among economic phenomenons and processes, is in submitted paper focused on relationship between economic activity of inhabitants - self-employed persons and thein tax duties - income tax of self-employed persons. This causality was...

Since the 1950's, Nobel Prize economists such as Akerlof, Arrow, Becker, Heckman, Phelps and Stiglitz have analyzed discrimination in an economic framework, essentially in "positive" perspective. The two seminal models – Becker's model based on a "taste for discrimination" and Arrow and...

The first of these essays was written for a happy occasion – my acceptance of honorary membership in the European Society for the History of Economic Thought. The second marked an altogether sadder event - the death of Mark Blaug. Though at first sight their topics are very different, both in...

As economists increasingly embraced benefit-cost analysis during the middle decades of the 20th century, they faced several challenges. One challenge was to reconcile the tension between two visions, long existing side-by-side in the profession, for the place of the economist in policy analysis....

The novel part of this paper is a model of the principle of proportionality, as the cornerstone of the doctrine of fundamental rights. German law, and with some modifications also the law of the European Community and the European Convention on Human Rights, do not categorically outlaw...

Crowdfunding as an entrepreneurial phenomenon substitutes traditional sources of finance (banks, financial markets, governments) for the crowd. Socially and economically, it is challenging the traditional boundaries that have been set for centuries between industry, the financial sector, and the...

Descriptive inquiries on crowdfunding are multiplying but it remains a fuzzy subject for research and reflexivity. This book gathers the best recent research outcomes on the managerial and social impact of this new practice

The article analyzes qualitative and quantitative interdependences among consumption, gross regional product and indices of production. On the example of Southern Federal District theoretical substantiation and empirical approbation of alternative methodology are provided. The methodology in...

Positive economics, which is aimed on searching patterns among economic phenomenons and processes, is in submitted paper focused on relationship between economic activity of inhabitants - self-employed persons and thein tax duties - income tax of self-employed persons. This causality was...

In the European Union, the infrastructure charging regimes that can be observed are often far from internalising external costs and are rarely based on efficiency principles. In this situation differentiation of existing charges appears to be a sensible intermediate step. In this paper we study...

Starting from the specific nature of the present world monetary & financial crisis, this paper endeavours to identify and to analysis its implications on the evolution of economic science. 

The Abstract of your paper: This paper criticises three Robbinsian positions still often found in modern economics: (1) the methodology of intuitively obvious assumptions; (2) treating facts as illustrations rather than as tests of theoretical propositions; (3) assuming that theory provides...

Milton Friedman’s “The Methodology of Positive Economies” is still one of the most widely read pieces on economic methodology. One reason for this might be Friedman’s attractive proposal that economists use theories and hypotheses as pragmatic devices to summarize data and make...

We consider the following question: does market failure justify redistribution? We argue that the general answer to this question is no, in the sense that policies for correcting market failures do not aim at producing a "desirable" income distribution. This follows from the fact that, by...

Laboratory experiments have been used extensively in economics in the past several decades to lend both positive and normative insights into a myriad of important economic issues. This study discusses a related approach that has increasingly grown in prominence of late--field experiments. I...

I show that in a true Coasean world - a world with no transaction costs - there would be no disagreement on moral questions. There would be no disagreement on what the appropriate distribution of income should be. There would be no disagreement on the question of capital punishment or abortion....

Az állam erőteljesen beavatkozik a mezőgazdaság működésébe, ami már hosszú évek óta a viták kereszttüzében áll. Érvként leggyakrabban a klimatikus és biológiai tényezőknek való kitettség, a kereslet statikus volta, valamint a lakosság megfelelő élelmiszerellátása...

During its relatively short history, the law and economics movement has developed three distinct schools of thought. The first two schools of thought, often referred to as the Chicago or positive school and the Yale or normative school, developed almost concurrently. The functional school of law...

My philosophical case study concerns textbook presentations of the theory of demand. Does this theory contain anything more than just a collection of tautologies? In order to determine its empirical content, it must be viewed holistically. But then, the theory implies false factual claims. We...

After presenting some casual evidence about the difference between economists and the rest of the population, first the survey and experimental evidence which has been presented on this topic during the last 20 years is discussed. But can these results really be transferred to real world...