When discussing the relation between rationality and conventions under non-neoclassical uncertainty, almost all economists focus on the rationality of following a convention. This paper contributes to the construction of an alternative approach, which argues that conventions and rationality are...

This paper is an attempt to go beyond dichotomic taxonomies of the concept of uncertainty. It argues for the need to distinguish between at least two types of situation that have been opposed to what neoclassical economics deals with under the rubric of uncertainty or risk. These situations are...

This article proposes a synthetic new concept of logics of action, intending to apply it to the market, the family, and the polity (inclusive of the state and the community) as crucial instances of what may be termed <i>provisioning domains.</i> These are the broadest or most general domains in which...

This article begins by presenting the idea of money as a convention, first in the economics of conventions and then in post Keynesian economics, also examining whether and how one can reconcile money as a convention with Keynes's essential properties of money. The article then considers the view...

Este artigo questiona a divisão da economia em micro e macroeconomia. Embora parte do estudo sobre as instituições possa se encaixar na microeconomia e uma outra parte na macroeconomia, tal estudo não se resume a essas áreas e merece um espaço próprio, na pesquisa e no ensino. Este...

This paper proposes a broad concept of institutions and examines some theoretically relevant aspects of this and alternative concepts. The proposed concept is broad in two aspects: it includes a mental dimension not reduced to expectations, allowing institutional patterns of thought to include...

Purpose – This paper comments on Theodore Koutsobinas's recent contribution to the debate on the formation of expectations in situations of strong uncertainty. Design/methodology/approach – The set of comments focuses not on doctrinal-historical issues, but on Koutsobinas's theoretical...