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The main intent of this article is to investigate the social nature of an economic agent in a realistic setting of the market. After a methodical and detailed reading of the classical writings by Adam Smith, Marx Weber and John …
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Posted for review 21 Apr 2022
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Post Keynesian Economics has shifted away and even renegade from Keynes’ original research program, i.e., the Unemployment Equilibrium thesis, endogenous money and liquidity preference determination of interest rate in which money and uncertainty play a fundamental part. This paper attempts …
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Posted for review 20 Feb 2022
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In a letter to Engels (24 August 1867), Marx says that the best of his book (Capital) are (i) the “dual character of the labour embodied in commodities” and (ii) the surplus value theory. Marx’s vindication of first point is …
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Posted for review 27 Aug 2021
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Ibn Khaldun’s economic philosophy represents an interesting explanation of the convergence of social, political and economic realms of human lives. In his theory, he provides insights into the requirements for achieving sustainable economic development. He reiterates several theories like the …
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Posted for review 4 May 2021
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In this work we analyse the main interpretations of ownership in Original Institutional Economics (OIE) and their links with social psychology and psychoanalysis. We consider Thorstein Veblen’s notion of ownership as a relation of possession of persons, and John R.Commons’s …
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Posted for review 30 Apr 2021
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3 comments
Daniel Kahneman’s book Thinking, Fast and Slow (2011) has had a worldwide impact. The book’s insights are profound and have changed the thinking of both decision scientists and general audiences about how choices are made. Kahneman, however, claims that standard …
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Posted for review 14 Oct 2020
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2 comments
The article discusses the concepts of altruism and prosocial behaviour and their importance in interdisciplinary studies of behavioural economics. The basic theoretical models and concepts of altruism in Behavioural Economic are reviewed. Altruism is shown to be a hidden and …
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Posted for review 30 Sep 2020
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6 comments
Since ancient times the practices and ethics of bankers and banking in general have undergone a great deal of criticism. While lending is motivated by profit, and while households are not coerced into borrowing money, the justice of a system …
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Posted for review 20 Mar 2020
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3 comments
According to a widely shared view, the development of demand theory in the first half of the twentieth century was heavily influenced by anti-psychological attitudes of economists. I call this view “anti-psychologist thesis” and I criticize it on several grounds. …
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Posted for review 20 Mar 2020
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