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on History and Philosophy of Economics |
| By: | Imbens, Guido (Stanford University) |
| Abstract: | Youtube video of the Nobel Prize lecture |
| Keywords: | Labor markets; natural experiments; |
| JEL: | J00 |
| Date: | 2021–12 |
| URL: | http://d.repec.org/n?u=RePEc:ris:nobelp:2021_005&r=hpe |
| By: | Angrist, Joshua (MIT) |
| Abstract: | Youtube video of the Nobel prize lecture |
| Keywords: | Labor markets; natural experiments; |
| JEL: | J00 |
| Date: | 2021–12 |
| URL: | http://d.repec.org/n?u=RePEc:ris:nobelp:2021_004&r=hpe |
| By: | Card, David (University of California, Berkeley) |
| Abstract: | Youtube video of the Nobel prize lecture |
| Keywords: | Labor markets; natural experiments; |
| JEL: | J00 |
| Date: | 2021–12 |
| URL: | http://d.repec.org/n?u=RePEc:ris:nobelp:2021_003&r=hpe |
| By: | Greitens, Jan |
| Abstract: | This paper analyses the early years of the history of the Bundesbank from a history of economic thought-perspective. The study uses the example of Bernhard Benning, who was heading the Economics Department of the Reichs-Kredit-Gesellschaft, one major banks owned by the German Reich during the National Socialist era. After the war Benning became a member of the Executive Board of the Deutsche Bundesbank for 22 years. Benning was a student of Adolf Weber and was strongly influenced by the latter‘s opportunistic, conservative, and pro-business liberalism, rather than by ordoliberal ideas. Benning drew his legitimacy for his role in the early Federal Republic from his public criticism of war financing and from warning against inflation in the DonnerBenning Debate since 1942/43. In this tradition, the early Bundesbank was Weberian rather than ordoliberal, so fixed exchange rates were favored, and a strong business and investment perspective was adopted. |
| Keywords: | Bundesbank,Reichs-Kredit-Gesellschaft,Adolf Weber,Ordoliberalism,National Socialism,Money,Inflation |
| JEL: | B26 B31 E58 N14 N24 |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:ibfpps:0322&r=hpe |
| By: | Jean-Baptiste Fleury (HDEA - Histoire et Dynamique des Espaces Anglophones - SU - Sorbonne Université); Alain Marciano (MRE - Montpellier Recherche en Economie - UM - Université de Montpellier) |
| Abstract: | Richard A. Posner was the most important actor in the transformation from "law and economics" to an "economic analysis of law". Posner applied Chicago price theory to the analysis of law and legal rules. He not only contributed to the field but also structured it. This is what this chapters shows. We also show that Posner's work illustrates the Chicagoan dimension of his economic analysis of law. That Posner, especially later in his career, introduced some elements that might seem to be at odds with Chicago economicspragmatism, notably-or that he claimed having become a Keynesian does not change much to the claim that it was Posner who crafted Chicago's economic analysis of law. |
| Keywords: | Posner,Chicago,law and economics,economic analysis of law,wealth maximization,efficiency,common law,judges,Kaldor-Hicks,justice |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-03820449&r=hpe |
| By: | Jean-Baptiste Fleury (HDEA - Histoire et Dynamique des Espaces Anglophones - SU - Sorbonne Université); Alain Marciano (MRE - Montpellier Recherche en Economie - UM - Université de Montpellier) |
| Abstract: | The purpose of this paper is to discuss the methodological foundations of the law and economics movement, with a special emphasis on the role and place of individuals within their framework. Reviewing the works of the main contributors-the founders, indeed-to the law and economics movement, we show that all of them considered that the analysis of legal phenomena had to start from individual behavior, even as these very behaviors were embedded, to various degrees, though not determined, in legal and institutional frameworks. The all use social, systemic, institutional and anti-reductionist individualistic methodology. This is not inconsistent or contradictory. Indeed, methodological individualism does not imply to conceive human beings as (isolated) atoms living as if they were suspended in a social vacuum. |
| Keywords: | Law and economics,economic analysis of law,methodological individualism |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-03820441&r=hpe |
| By: | Bowbrick, Peter |
| Abstract: | Much of economic literature is based on theory or evidence that has been refuted, and economists may spend years of their lives using long-discredited economics. It is, however, virtually impossible to find these refutations. It is proposed to set up a database of refutations, so that economists can check that the economics they use and the papers they cite, have not been refuted. This will also discourage economists from publishing papers that they know to be bad or carelessly written. |
| Keywords: | Database; Refutations |
| JEL: | A1 A10 A11 A14 |
| Date: | 2022–10–22 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:115342&r=hpe |