Ronald Coase merged two traditions in economics, marginalism and institutionalism. Neoclassical economics in the 1930s was characterized by an abstract conception of marginalism and frictionless resource movement. Marginal analysis did not seek to uncover the source of individual human...

Metaphors are part of our daily lives as they help us understand the world. Economics, as other areas of knowledge, cannot go without metaphors. Transaction Cost Economics (TCE) – a prominent theoretical framework on economic organisation – is no different: it has been built on a set of...

Robert Neild (born 1924) has made a major contribution to economics and to peace studies. This paper provides a brief sketch of Neild's life and work. While noting his research in economic policy and peace studies, this essay devotes more attention to his largely-unnoticed contributions to...

This is an English-language summary of the book “Institucionalniye matricy i razvitie Rossii: vvedenie v Х-Y teoriyu” (Moscow & St. Petersburg: Nestor-Istoriya, 2014. - 468 p. ISBN 978-5-4469-0316-0). The two previous editions of the book were entitled “Institutional Matrices and the...

Gary Becker's contribution to labor economics can be highlighted by contrast to his predecessors and critics. Human capital analysis was not much developed before Becker, although the concept was recognized by such prominent figures as Adam Smith, Alfred Marshall, and John Bates Clark....

The career and contributions of Roy Blough (1901-2000) are considered as a case study of Wisconsin Institutionalism in government policy-making at mid-century. Faculty member at Cincinnati, Chicago and Columbia, editor of the National Tax Journal, director of the research division of the U.S....

This paper explores some ontological and epistemological conditions of the emergence of the Veblenian system of political economy. For that, we refer to Foucault's archaeology of political economy, since it offers insights into some of the relations that help us to understand the underlying...

This paper explores some ontological and epistemological conditions of the emergence of the Veblenian system of political economy. For that, we refer to Foucault's archaeology of political economy, since it offers insights into some of the relations that help us to understand the underlying...

Two central figures of the defense of classical liberalism against the onslaught of socialism in the mid-twentieth century were F.A. Hayek and Frank H. Knight. Despite their shared purpose and intellectual common ground, Knight criticized Hayek's understanding of liberalism severely. The paper...