Search
Now showing items 1-4 of 4
On the problem of formalism in economics
(2006)
In his Reorienting Economics, Tony Lawson cites this magnificently appropriate quotation by Mark Blaug (1997, p. 3): Modern economics is sick. Economics has increasingly become an intellectual game played for its own sake ...
Why we need a generalized Darwinism, and why generalized Darwinism is not enough
(2006)
Complex evolving systems, consisting of populations of varied and replicating entities are found in both nature and human society. There exists no alternative to the core Darwinian principles of variation, selection and ...
Opportunism is not the only reason why firms exist: why an explanatory emphasis on opportunism may mislead management strategies
(2004)
The object of the present essay is neither to overturn transaction cost economics nor to deny the reality of opportunism. Instead, it is to question the explanatory role of the concept of opportunism in the transaction ...
The Legal Nature of the Firm and the Myth of the Firm-Market Hybrid
(2002-02)
Many past economists drew a sharp conceptual distinction between the firm and the market. For example, Smith and Marshall recognised the legal nature and structure of the firm, and saw it as having important economic ...