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trace the process of evolution in the understanding of the notion of institution, from its spontaneous mentions and … pragmatic use of the so-called pre-institutional era to the desire to understand and to define the essence of the institution in … term “institution” was understood at the three initial historical period of its usage. For this purpose, the first part of …
Persistent link: https://www.econbiz.de/10011274656
Competition among firms has been suggested to reflect the ruthless logic of Darwinian selection: a free market is a struggle for survival, in which successful firms survive and unsuccessful ones die. This view appears to bolster three pillars of neoclassical economics: (1) that economic actors...
Persistent link: https://www.econbiz.de/10011048085
The inheritance of contemporary financial economics invites us to consider financial stability as integral to a liberal market setting. The crisis however demonstrated that financial markets may prove highly dysfunctional in the absence of adequate mechanisms of regulation and governance. This...
Persistent link: https://www.econbiz.de/10008784732
This paper presents a detailed criticism of U. M. Ossipov’s thesis concerning the science of Economics, which he claims to be drifting away from its subject and who, in that connection, advocates the return of economic science to its classical and philosophical foundations. A constructive...
Persistent link: https://www.econbiz.de/10005000133
This article offers a detailed presentation of the criticism by J.M. Ossipov on the discipline of economics, which, as he considers, is breaking off from its subject, and in connection with this, he advocates the return of the economic science back to its classical and philosophical foundations....
Persistent link: https://www.econbiz.de/10004994518
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This Palgrave Pivot presents a series of political economy short stories of collective agency, weaving together the history of a progressive change with a discussion of the role of institutions to effect change. These stories highlight sustained activism around valuing caring, ending...
Persistent link: https://www.econbiz.de/10012398363
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The article is an answer to the publication The Ideas of Ludwig von Mises for the Development of the Austrian Economic School by N. Gerchev (iss. 4/ 2005), constructed as a critical analysis of positions and statements, presented in our study on the Austrian School. An attitude has been taken...
Persistent link: https://www.econbiz.de/10004990019