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On fuzzy frontiers and fragmented foundations : some reflections on the original and new institutional economics
(2014-12-31)
These reflections are prompted by the papers by Ménard (2014) and Ménard and Shirley (2014). Their essays centre on the path-breaking contributions to the 'new institutional economics' (NIE) by Ronald Coase, Douglass North ...
The evolution of morality and the end of economic man
(2014-01-01)
1871 saw the publication of two major treatises in economics, with self-seeking economic man at their center. In the same year Darwin published The Descent of Man, which emphasized sympathy and cooperation as well as ...
Come back Marshall, all is forgiven? : Complexity, evolution, mathematics and Marshallian exceptionalism
(2013-12-01)
Marshall was the great synthesiser of neoclassical economics. Yet with his qualified assumption of self-interest, his emphasis on variation in economic evolution and his cautious attitude to the use of mathematics, Marshall ...