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Hayek draws the general lines of an analysis of economic knowledge in taking up two different directions. On the one hand he draws his attention on the knowledge used by the agents in the course of the economic process; on the other one he seeks for the theoretical knowledge required to explain...
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In his 1903 thesis - “Money and credit instruments in their relation to general prices” - published in 1907, E.W. Kemmerer argued that the market prices of goods cannot be determined by the equations of demand and supply of goods without introducing the “missing” equilibrium equation of...
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The paper aims to show the overall coherence of the system of thought Commons employed to build his institutional economics. For that and in order not to stay enclosed within the American context Commons’ ideas have been considered to be dependent upon, we read him through the methodological...
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Les institutions déterminent, structurent et stabilisent certains ordres sociaux. Pour autant, elles ne sont pas seulement contraignantes mais constituent aussi une source de possibles permettant aux individus d’agir dans leur environnement. La notion d’institution est ainsi intimement...
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