This paper traces the evolution of the concept of equilibrium in political science from the 1920s to the 1990s, arguing that despite apparent methodological ruptures-from behavioralism to rational choice theory-the search for equilibrium represents a consistent theoretical pursuit within the...

Sechs Essays würdigen das wissenschaftliche Wirken von Rainer Klump im Bereich der Entwicklung wirtschaftlichen Denkens und innovativer Technologien sowie des Wirtschaftswachstums.

This work offers the first comprehensive comparison between the philosophy of Adam Smith and that of his successor, Thomas Reid. It looks at Reid's and Smith's remarkably similar accounts of human perception and judgement, and at their different moral and economic theories. In this way, this...

As with many philosophers of the modern period, Smith's thought was highly influenced by the advent of modern, Newtonian physics as well as by the so-called mechanistic worldview. However, the adoption of this theoretical paradigm leads to an aporia, i. e., to a fundamental problem, within...

In the Theory of Moral Sentiments, Smith argued against the account of human nature which views moral sentiments as deriving from self-love. This paper emphasises that Smith's understanding of human nature was not that it was either selfish or benevolent. Human nature consists of the ability to...

Commentators often follow David Ricardo in looking, especially, at chapters Vand VI of Book I of Adam Smith's Wealth of Nations as the place to find his theory of value. And most commentators attribute to Adam Smith some versions of a labor theory of value. But in those chapters, Smith is...

Based on some of Carl Menger's publications, his estate and archives, this article examines how the Austrian School relates to the thought of Adam Smith. Was Menger an heir of Smith, as Gustav Schmoller, leader of the German Historical School and Menger's arch-enemy, insinuated? Was there indeed...

On the 300th anniversary of his birth, one thing can be said about Adam Smith: entire libraries (real and digital) have been filled with analyses of his thought. This trend does not seem to be on the verge of ending soon. Everybody hopes to uncover the "real Smith." This article has a more...

How can we better understand the relationship between capitalism and democracy today? This article challenges the prevailing "independence thesis" that views capitalism and democracy as separate and often antagonistic systems. By revisiting Adam Smith's integrationist approach to political...

"Adam Smith's science of the legislator and the "virtues of the statesman" are understood as a kind of higher order-liberalism, coming close to what Colander and Freedman call "the liberal methodology" pertinent to the role of economics in policy-making. Evolving socio-economic heterogeneities,...

This article treats Smith's writings on patriotism and universal benevolence in the final edition of The Theory of Moral Sentiments by placing them in some broader contexts. Smith affirmed proper patriotism as virtuous and consistent with the Christian ethic of universal benevolence. Proper...

Der in der Thüringer Universitäts- und Landesbibliothek Jena aufbewahrte Nachlass der Publizistin Edith Eucken-Erdsiek enthält reiches Quellenmaterial zu den weltanschaulichen Debatten der Weimarer Republik, zu Leben und Werk von Walter Eucken und zur Geschichte des Ordoliberalismus zwischen...

Keynes's Principle of Effective Demand is widely recognized not only as a major theoretical innovation but also as one of the core concepts uniting various post-Keynesian strands. However, Keynes's own treatment of the Principle of Effective Demand - known as the Z/D model and identified by...

Early on Sunday morning, February 20, 1955, Friedrich Hayek and his wife Helene arrived at the airport in Cairo, Egypt, where he was greeted by the Director of Research of the National Bank of Egypt, Dr. Nikoli Koestner. Beginning the next evening and over the subsequent days, Hayek gave four...

Homo economicus has justly been identified as the universal bogeyman of economics. Economic man, having been showered with criticism for a century and a half, continues to occupy critics to this day. Plenty of economists in the previous century have proclaimed the death of homo economicus and...

The vast majority of economists reject the relevance of theology for their discipline. This paper challenges that consensus. Theological anthropology sees human beings as simultaneously created in the image of God, but also as fallen (through original sin). I argue that the combination of the...

This paper critiques constrained optimization as the dominant framework in contemporary economics by revealing its implicit theological flaw: the assumption that constraints are inherently bad. The author traces the development of Homo Economicus from Mill through Robbins to Becker, examining...

This contribution reviews key developments in Kaleckian economics after Kalecki, with a focus on its application to mature capitalist economies. Rather than revisiting interpretations of Kalecki's original work, the contribution highlights subsequent theoretical and empirical extensions. It...

This paper challenges the prevailing narrative that mathematical economics, particularly in the post-war era, neglected the study of social institutions. According to the common view, the concept of institutions was largely abandoned following the decline of institutionalism, only to be revived...

It is widely believed that Friedrich von Hayek's first encounter with Gunnar Myrdal involved the latter's last-minute contribution, as a replacement for Erik Lindahl, to a Sammelband edited by the former in 1933, and that Hayek was lukewarm towards Myrdal and his ideas from the very beginning....

This factsheet provides an overview of this European Universities alliance, including on its partners, focus areas, vision and activities undertaken. It relates to the pioneering new learning opportunities across borders developed by the alliance, the innovative European inter-university campus...

This factsheet provides an overview of this European Universities alliance, including on its partners, focus areas, vision and activities undertaken. It relates to the pioneering new learning opportunities across borders developed by the alliance, the innovative European inter-university campus...

It is widely believed that Friedrich von Hayek's first encounter with Gunnar Myrdal involved the latter's last-minute contribution, as a replacement for Erik Lindahl, to a Sammelband edited by the former in 1933, and that Hayek was lukewarm towards Myrdal and his ideas from the very beginning....

This paper traces the evolution of the concept of equilibrium in political science from the 1920s to the 1990s, arguing that despite apparent methodological ruptures-from behavioralism to rational choice theory-the search for equilibrium represents a consistent theoretical pursuit within the...

This work identifies the intellectual influences that supported Hayek's computational perspective as well as recognition that Hayek received from computational theorists in the decades following the publication of The Sensory Order. Having outlined Hayek's computational approach, I argue that 1)...

The correspondence of historical personalities serves as a rich source of psychological, social, and economic information. Letters were indeed used as means of communication within the family circles but also a primary method for exchanging information with colleagues, subordinates, and...

This article documents the sudden creation of a significant entrepôt for French wine, particularly Bordeaux claret, in Boulogne-Sur-Mer starting in 1720. Scottish Jacobites who practiced a rebellious version of "fair trade" dominated this commerce, and their network had direct links to...