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...

The underlying social framework in which we live seems to becoming less social. The connections we have between individuals, businesses, and government has become impersonal and distant. If this is a valid trend of society then our connection with our elected officials may be a lot less...

Born on December 29 1910 at Willesden (in a suburb northwest of London, UK), Ronald Harry Coase died on September 2, 2013 in Chicago (USA). He had lived a long 102 years, of which almost 50 spent in the USA, where he had migrated in the early 1950s and of which 80 were devoted to the...