We reformulate the Humean farmer game on the basis of random assignment of advantage and the cost e of helping in another’s harvest. The result is a game that is a coordination game if e < ½ or a dominant strategy Prisoner’s Dilemma Game if e > ½ which allows a joint treatment of the two interpretations of the Humean farmer game. We employ two...</½>

This essay provides an approach to the analysis of the link between Thorstein Veblen's evolutionary approach and evolutionary game theory (EGT). We shed some light on the potential contribution of Veblen's theory of socioeconomic evolution to the discussion on the application of EGT to social...

The article discusses the incompatibility of promoting individual interests of capitalists and workers with the promotion of macroeconomic goals of society. The article implements the ``instrumental method'' developed by Adolph Lowe, and articulates the separation of microeconomic goals with...

The article discusses the incompatibility of promoting individual interests of capitalists and workers with the promotion of macroeconomic goals of society. The article implements the ``instrumental method'' developed by Adolph Lowe, and articulates the separation of microeconomic goals with...

The recent recession has brought a sharp decrease in income, output, and world trade, as well as an increase in unemployment in developed and underdeveloped countries. Experts such as Paul Krugman, Christina Romer, or Barry Eichengreen, compare the current situation with the Great Depression of...

This paper examines the concept of hegemony and its historical impacts on the Arabic and Islamic countries. It is foreseen that has long path applied by the Western countries as disclosed by trade applications and history of economic thought. Impacts on Arabic and Islamic countries were visible...

The article discusses the incompatibility of promoting individual interests of capitalists and workers with the promotion of macroeconomic goals of society. The article implements the ``instrumental method'' developed by Adolph Lowe, and articulates the separation of microeconomic goals with...

This article is a tribute to the economist Albert O. Hirschman and their contributions to historical thinking in Colombia, in particular, having a broad impact analysis on the role of rhetoric in political economy. Hirschman distinguished clearly enough the official discourse of power and...

The paper proposes an interpretation of Polanyi's Great Transformation based on a distinction between two meanings contained in the concept of the embedded economy (and its opposite - the disembedded economy). Polanyi's thesis that the market economy is a disembedded economy in fact comprises...

2016 jährte sich das Erscheinen des Artikels von John Maurice Clark mit dem in der Überschrift genannten Titel im Journal of Political Economy zum hundertsten Mal. Clark legt in diesem Artikel seine Vorstellungen zur Entwicklung einer "economics of responsibility" und zur Wahrnehmung von...