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This paper considers some methodological aspects of Joan Robinson's contribution to post-Keynesian growth theory. Joan Robinson's criticisms of equilibrium analysis, of the conflation of logical and historical time and of the uses (and misuses) of mathematical formalisation are scathing. But...
Persistent link: https://www.econbiz.de/10005533186
The evolution of Mancur Olson's views regarding The Rise and Decline of Nations, the second of his three main books, is examined. It expands and extends to history and to the world the arguments presented in his earlier work, The Logic of Collective Action. Although Olson never abandons the idea...
Persistent link: https://www.econbiz.de/10005548541
Between 1943 and 1947 a new economic order was founded, which aimed at implementing multilateral trade, international monetary cooperation and economic stability supported by government intervention. This paper describes the contribution provided to this process by a group of American economists...
Persistent link: https://www.econbiz.de/10005405103
In 1913, the Cambridge logician W.E. Johnson published a famous article on demand theory in the Economic Journal. Although Johnson’s treatment of the subject strongly resembles the analysis set forth by Pareto in the Manual of Political Economy, Johnson does not cite the Italian economist....
Persistent link: https://www.econbiz.de/10005412541
Ecological economics is a transdisciplinary alternative to mainstream environmental economics. Attempts have been made to outline a methodology for ecological economics and it is probably fair to say that, at this point, ecological economics takes a “pluralistic” approach. There are,...
Persistent link: https://www.econbiz.de/10005412551
Persistent link: https://www.econbiz.de/10005417248
This paper undertakes a rigorous examination of the Coasian bargain in the context of an otherwise competitive economy. The key feature of the model is to define technically efficient production functions as solutions to complex mathematical problems. Without potential externalities, those...
Persistent link: https://www.econbiz.de/10005417304
Harold M. Hochman (“Hal” is his universally-used nickname) served as the editor of this journal for most of the past decade. This tribute is written to express our appreciation for Hal’s excellent leadership of the journal and for his scholarship. One of us (Pressman) is particularly...
Persistent link: https://www.econbiz.de/10005417369
Karl Marx perhaps the most astute student of economic doctrine, once made the famous and apposite observation that in substantial passages of "The Wealth of Nations" Adam Smith "was very copiously infected with the conceptions of the Physiocrats." In parallel fashion this paper agues that in...
Persistent link: https://www.econbiz.de/10005417437
Paul Davidson, Holly Chair of Excellence at the University of Tennessee, has been a leader in heterodox economics for over 40 years. This interview considers how he came to be a heterodox economist, how Post Keynesian economics developed, and what his views on current issues are. The interview...
Persistent link: https://www.econbiz.de/10005418727