Between 1959 and 1962, Alvin Scodel, J. Sayer Minas, and colleagues conducted some of the earliest laboratory studies of strategic interaction using non-zero-sum games. Working at the margins of economics in the Journal of Conflict Resolution, they documented a striking pattern: subjects...

Frank Ramsey is often portrayed as a British thinker immersed in theoretical problems in philosophy, mathematics, and economics. However, as Cheryl Misak (2020) shows, he was also preoccupied with political problems and concerned with practical efforts to improve the world. This chapter focuses...

Oskar Lange aimed to conquer, subjugate, and absorb bourgeois political economy into a Marxist basis. By trying to devour non-Marxian economics, he proposed a challenging strategy to fight against capitalist ideology in economic science, which resembles the indigenous ritual of anthropophagy: a...

This chapter explores the intersection of religion and economics on the 250th anniversary of Adam Smith's The Wealth of Nations, first published in 1776. While Smith is often viewed as a secular figure in economics, his work was deeply influenced by the moral philosophy of his time, which was...

* In the Wealth of Nations, Adam Smith argues that individuals pursuing their own self-interest can promote the public good when channelled through his 'system of natural liberty.' * Smith's 'system of natural liberty' depends on three pillars - maximum individual liberty, tempered by justice...

"This book invites readers on an intellectual journey where the great minds of philosophy intersect with contemporary organizational challenges. With classical and modern philosophical thought as its backbone, Philosophy and Management: Great Minds and Organizational Ideas demonstrates that the...

We define applied economic history as the systematic use of historical reasoning to address economic policy problems. Building on work in applied history, we argue that economic history contributes to policy not by offering ready-made lessons, but by disciplining the narratives and analogies...

The 40th birthday of the Schumpeter Society offers an excellent chance to reflect on Schumpeter intellectual heritage, as well as its shortcomings and the subsequent developments. No doubt that reference to Schumpeter has been a precious shortcut to the rediscovery of the crucial importance of...

We describe Aristotle's mathematical model of weighted voting to explain and implement decision-making in democracies, oligarchies and the mixed states that combine elements of both systems. This model, originally presented in textual form, extends the known history of social choice theory back...

This paper examines how applied history can contribute to policymaking when understood as a way of structuring judgement under uncertainty rather than as a source of policy lessons or predictions. It argues that economic history is particularly well suited to facilitating this role because it...

Founded fifty years ago, the History of Economics Society served in its early years to support scholarship and teaching in the history of economic thought. But the decades long removal of history from economics departments and graduate programs has made the Society’s mission increasingly...

The History of Economics Society was founded at a time when the History of Economic Thought was being expelled from the Economics post-graduate curriculum in many universities, and was one of the key institutions around which the sub-discipline successfully re-organised itself and continued to...

This paper asks whether the post-Keynesian or New Keynesian paradigm provides a more realistic description of the effects of fiscal policy on output and consumption. I establish some macro and microeconomic stylized facts on fiscal multipliers and marginal propensities to consume based on the...

It is widely believed that Friedrich von Hayek's first encounter with Gunnar Myrdal involved the latter's last-minute contribution, as a replacement for Erik Lindahl, to a Sammelband edited by the former in 1933, and that Hayek was lukewarm towards Myrdal and his ideas from the very beginning....

We provide a brief primer on how the core of usable macroeconomic theory for monetary policymakers has evolved over the past 50 years. Today's policy discussions center on the New Keynesian (NK) synthesis, which builds on the Neoclassical growth model and the AS-AD framework. It incorporates...

This article documents the sudden creation of a significant entrepôt for French wine, particularly Bordeaux claret, in Boulogne-Sur-Mer starting in 1720. Scottish Jacobites who practiced a rebellious version of "fair trade" dominated this commerce, and their network had direct links to...

In welfare economics, the theory of second best is inextricably linked to an article by Richard George Lipsey and Kelvin John Lancaster, published in 1956 in the Review of Economic Studies. The publication of this article was encouraged by Harry Gordon Johnson, who was a member of the journal's...

Kurt W. Rothschild, an Austrian economist known for his multiparadigmatic and interdisciplinary approach, made significant contributions to Keynesian and post-Keynesian economic theory. Born in 1914 in Vienna, his work encompassed price theory, labor market economics, growth and distribution,...

This handbook takes stock of ‘degrowth’, a concept and movement gaining increasing visibility in the 2020s. Contributors explain contexts for degrowth’s significance, elaborate its diverse history and detail its unique approaches, practices, challenges and potential futures. Part I sets...

This paper challenges the prevailing narrative that mathematical economics, particularly in the post-war era, neglected the study of social institutions. According to the common view, the concept of institutions was largely abandoned following the decline of institutionalism, only to be revived...