Current Pinkerian views about the Enlightenment continue a tradition that made it possible to base economic theory on far-fetched assumptions and still appear reasonable to a majority. This was an approach that would make it possible to create theories tailor-made to fit the vested interests of...

Current approaches to the economic evaluations of environmental and health policies may suffer from excessive reliance on a standard neoclassic economic toolbox that neglects alternative economic schools. This may prematurely limit the spectrum of available policy options. Here we show how the...

Current approaches to the economic evaluations of environmental and health policies may suffer from excessive reliance on a standard neoclassic economic toolbox that neglects alternative economic schools. This may prematurely limit the spectrum of available policy options. Here we show how the...

Marshall's observation also applies to today's migration patterns: from countries where most activities are subject to constant or diminishing returns to countries whose key economic activities are subject to increasing returns to scale. Diminishing returns occur when one factor of production is...

US economist Hyman Minsky jokingly used to claim that there are as many varieties of capitalism as Heinz has pickles, that is 57 varieties (Minsky 1991). In this paper we argue that economic integration provides a similar analytical problem: economic integration can take many forms, and some are...

This paper argues that the international financial crisis is just the last in a series of economic calamities produced by a type of theory that converted the economics profession from a study of real world phenomena into what in the end became mathematized ideology. While the crises themselves...

"As we look over the country today we see two classes of people. The excessively rich and the abject poor, and between them is a gulf ever deepening, ever widening, and the ranks of the poor are continually being recruited from a third class, the well-to-do, which class is rapidly disappearing...