Archive of papers

Spiethoff’s economic styles and the current debate about pluralism in economics

The article concentrates on the methodological aspects of the economic styles approach by Arthur Spiethoff. As it will be shown, this approach shows a lot of characteristics typically attributed to social economics, evolutionary economics, Tony Lawson’s social ontology and, therefore, …

Read the abstract and download the paper »
Posted for review 12 May 2017
Published

Read the comments »
4 comments

The Decline of the “Original Institutional Economics” in the Post-World War II Period and the Perspectives of Today

As is known, original, or “old”, institutional economics (OIE) ─ we also indicate it as “institutionalism” ─ played a relevant role in its first stage, and it can safely be said that it came to be, although perhaps by a …

Read the abstract and download the paper »
Posted for review 3 Apr 2017
Published in Economic Thought ET7.1

Read the comments »
2 comments

Ricardo’s numerical example versus Ricardian trade model: A comparison of two distinct notions of comparative advantage

The so-called Ricardian trade model of contemporary economic textbooks is not a rational reconstruction of Ricardo’s famous numerical example in chapter seven of the Principles. It differs from the latter in terms of definition of the four numbers, relevant cost …

Read the abstract and download the paper »
Posted for review 5 Jul 2016
Published

Read the comments »
5 comments

Marshall’s Producer Surplus and Value-Added: ‘A Case for Protectionism?’ (A short note)

On several occasions, authors like Dani Rodrick and Thomas Piketty questioned the benefits of trade liberalization. The rationale for liberal economic policies refers inter alia to welfare concepts, in particular the producer and consumer surpluses which were proposed by Alfred …

Read the abstract and download the paper »
Posted for review 21 Jun 2016
Unpublished

Read the comments »
5 comments

Keynes, the National Industrial Recovery Act and the Demise of Nascent Real Business Cycle Analysis

The National Industrial Recovery Act (NIRA) of 1933 called for a radical reorganization of U.S. industry, substantial wage increases, workers’ right to bargain collectively as well as unprecedented government works projects. In a letter to President Roosevelt, British economist John …

Read the abstract and download the paper »
Posted for review 29 Apr 2016
Unpublished

Read the comments »
2 comments

The Ideology of Mathematical Economics – a Reply to Tony Lawson

This paper challenges Tony Lawson’s account of the relationship between mainstream economics and ideology along two key axes. First off, we argue that Newtonian physics has been the primary version of pro-science ideology within mainstream economics, rather than mathematics per …

Read the abstract and download the paper »
Posted for review 18 Feb 2016
Published

Read the comments »
4 comments

Graphs as a tool for the close reading of econometrics (Settler mortality is not a valid instrument for institutions)

Graphing causal models while reading econometric papers can make it easy to understand assumptions that are vague in prose and to isolate those assumptions that are crucial to believe the main causal claims. The method is here illustrated with a …

Read the abstract and download the paper »
Posted for review 1 Dec 2015
Published

Read the comments »
3 comments