Starting with an overview of Modigliani's life, the authors explain and assess his influential theories, including his theory of the life-cycle hypothesis of saving; the famous Modigliani-Miller theorem in corporate finance; stabilisation policy; econometric model building and forecasting, and his...

Investment and all other economic actions depend on 'subjective' expectations. The problem is how to construct a theory of expectations that assumes people interpret their situations in unpredictable ways. Building on the evolutionary economics of F.A.Hayek, Koppl gives us such a theory. This...

Part I: Introductory Matter -- 1.Utility and Demand -- 2.Elements of Production -- Part II: Models -- 3.Cournot I: Constant Returns -- 4.Cournot II: Returns to Scale and Stability -- Bertrand -- 6.Stackelberg -- 7.Hotelling Duopoly -- 8.Disequilibrium Trade and Pricing of Durable Commodities --...

This volume brings together 11 articles on Gustav von Schmoller, Max Weber, and Joseph Schumpeter. It aims to identify the methodological essence of the German Historical School (GHS) that flourished between the 1840s and the 1930s. Schmoller was a leader of the GHS, and Weber and Schumpeter,...

Das Versagen der ökonomischen Theorie in der Praxis- Beispiele -- Analyse der Gründe und Ursachen -- Berücksichtigung realer Voraussetzungen und deren Zusammenhänge in ökonomischen Modellen -- Empfehlungen -- Resümee und Vergleich mit anderen wissenschaftlichen Disziplinen und deren...

Einleitung: Der ‚böse‘ Markt und der ‚gute‘ Markt -- Das Vorhaben: Dekonstruktion und Rekonstruktion des Marktes -- Der Markt, durch die Brille der Logik betrachtet -- Das Ziel: Aufklärung über die Verwendung des Marktbegriffs.-Der Marktbegriff im Auge des Betrachters: Die Logikbrille...

Einführung in die Volkswirtschaftslehre -- Rationale Entscheidung und spieltheoretische Ansätze -- Statische Analyse in der Volkswirtschaftslehre -- Dynamische Analyse in den Wirtschaftswissenschaften -- Übungsaufgaben.

Introduction -- Part I: History, Methodology, and their Current Relevance -- Making the Most of Anomaly in the History of Economic Thought: Smith, Marx-Engels, and Keynes -- Reason and Reasonableness: Lessons from "The Economic Consequences of the Peace" Ninety Years Later -- The Marshallian...

As the real world is rapidly becoming more and more complicated, economists need to venture beyond the boundaries of mainstream economics and integrate philosophical thought and complexity into their analytical frameworks. In this context, this volume brings together papers on economic theory...

Part I - The New World of Economic Thinking: Economic Thinking -- Anything Worth Doing Is Not Necessarily Worth Doing Well -- Maslow’s Hierarchy of Needs-And Economist’s Demand -- Part II -The New World of Market Economics: Price and the “Law of Unintended Consequences”.- Pricing Lemons,...