Once economics came to be understood as the scientific investigation of the operation of markets, economic theorists pushed ethical and metaphysical concerns outside their realm of study. After the separation, the claims of Christian theology had no more jurisdiction over the discipline of...

This study contributes to the growing debate over the narrow ideological discourse in economics education and calls for greater pluralism. Using a randomized controlled experiment with 2,735 economics students from 10 countries, we examine how authority and ideological biases - shaped by...

"The data from text digitization show that "liberal" acquired a sustained political signification for the first time around 1769: the liberal policy principles of Adam Smith and his associates. The bodies of evidence include: (1) the non-occurrence in English prior to 1769 (with a few...

Jon Elster gehört zu den profiliertesten Sozialwissenschaftlern der internationalen 'scientific community'. Der vorliegende Beitrag entwickelt eine Lesart für sein bisher vorliegendes Gesamtwerk: In einem ersten Schritt wird Elsters Kritik an funktionalistischen Fehlschlüssen in den...

This paper argues that history of economics has a fruitful, underappreciated role to play in the development of economics, especially when understood as a policy science. This goes against the grain of the last half century during which economics, which has undergone a formal revolution, has...

Na raiz do pensamento Polanyiano, encontra-se a distinção entre economia no sentido substantivo e economia no sentido formal. Com efeito, a concepção substantivista que define a economia como um processo instituído de interação entre o homem e o ambiente natural e social que o rodeia e...

Classical virtue theory has received limited attention in economics. The paper demonstrates its fruitfulness for economic and legal analysis by linking the traditional ethical literature with modern law and economics. Virtues are interpreted as a theory of moral psychology, and applied to...

The purpose of this essay is to review the state of economics as a discipline in light of how and to what extent ethical considerations and the precepts of moral philosophy affect the theory and application of economics. In its pursuit for purely ‘objective’ analyses and, thereby, attain the...

Although we don’t explain everything using economics, everything around us has something to do with economics. Economics cannot be detached from all the aspects of the realty of day to day life, especially from the cultural perspective. The advantage of studding the economic life from a...