Design-based econometrics, centred on average treatment effects in the potential-outcomes framework, treats causal effects as population-level expectations under hypothetical interventions and thereby offers an expectation-based, mechanism-agnostic conception of causality. This conception is...

Available open access digitally under CC-BY-NC-ND licence.Following on from The Hand Behind the Invisible Hand and A Realist Philosophy of Economics, this new book drawn from Karl Mittermaier's writings examines the intricate relationship between economic theory and real-world economic...

This article introduces the ordonomic research program and explains its methodological roots. It shows how a German-speaking line of tradition has developed from Order Economics (Ordnungsökonomik) through Order Ethics (Ordnungsethik) to Ordonomics (Ordonomik). Ordonomics integrates central...

This work offers the first comprehensive comparison between the philosophy of Adam Smith and that of his successor, Thomas Reid. It looks at Reid's and Smith's remarkably similar accounts of human perception and judgement, and at their different moral and economic theories. In this way, this...

As with many philosophers of the modern period, Smith's thought was highly influenced by the advent of modern, Newtonian physics as well as by the so-called mechanistic worldview. However, the adoption of this theoretical paradigm leads to an aporia, i. e., to a fundamental problem, within...

In the Theory of Moral Sentiments, Smith argued against the account of human nature which views moral sentiments as deriving from self-love. This paper emphasises that Smith's understanding of human nature was not that it was either selfish or benevolent. Human nature consists of the ability to...

This article examines the interpretation of Adam Smith's writings in The Birth of Biopolitics, where Foucault delves into market processes, the government's role, the nature of economic knowledge, the dynamics of the "invisible hand," and the complex relationship between society and the state....

"In recent years there have been increasing calls for a revision of the economics curriculum to address the most pressing and challenging issues facing society. This erudite Handbook bridges the gap between a flourishing body of scholarship in the philosophy of economics literature and an...

The article discusses the ongoing debate about a potential paradigm shift in eco-nomics. Institutions like the Institute for New Economic Thinking, the New Economics Foundation, and the Forum New Economy have been established to foster new approaches to understanding and transforming economies....

Biographical note: Carsten Herrmann-Pillath is Professor and Permanent Fellow at the Max Weber Centre for Advanced Cultural and Social Studies, University of Erfurt and a principal researcher at the COEVOLVERS project.

1. Prologue: A False Conception of Politeia -- 2. Society as a Rational Choice -- 3. The returns on the social contract -- 4. The returns on the social contract -- 5. The economy and society -- 6. On the conception of Liberty -- 7. On the conception of Liberty -- 8. A Brief note on the Organic...

James Meade was a highly influential British economist who made significant contributions to both theoretical economics and economic policy. He was awarded a Nobel Prize for his work on the theory of international economic policy and was one of the first economists to serve in the wartime...

Chapter 1: Introduction The Importance of Sensemaking for Organizations -- Chapter 2: From Sensemaking in to Sensemaking as Organizing The Evolution of Weicks Thought -- Chapter 3: Rethinking Sensemaking Critiques and Lines of Flight -- Chapter 4: Sensemaking and Time Toward a Radical Processual...

A country's industrial policy aims at promoting the development of sectors that often relate to manufacturing and is especially important for less-developed countries as they seek to catch up economically. 'Industrial Development and Division of Labour' re-examines the long history behind the...

Rational choice theories belong to the most important building blocks of 20th century economics. Their usefulness to model human behaviour has been extensively debated in modern social science and beyond. While some have argued that rational choice theories should be applied to a broad range of...

"In order to fully understand the evolution and future growth of economic systems, we must draw on the lessons of economic history. Historical analysis is crucial to understanding trends and patterns that can help us predict the future. The Evolution of Economic Ideas and Systems continues to...

"Organizations, Institutions, and Intellectual Norms: An Analytical Philosophy View of Institutional Change provides a new perspective on institutional theory by incorporating an analytical philosophy framework. This volume critiques the traditional assumptions that institutional logics or work...