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on History and Philosophy of Economics |
| By: | Richard N. Langlois (University of Connecticut) |
| Abstract: | I hope to accomplish two things in this paper. First, I will examine my early engagement with Schumpeter and my work analyzing his ideas. This will include (1) my efforts to challenge the notion that Schumpeter somehow changed his views on entrepreneurship and (2) my reconstruction of his perspective on managerialism and my interpretation of what he truly meant by the “obsolescence of the entrepreneur.” Second, I will consider Schumpeter as a Public Choice theorist, reflecting on his contributions to that field in the context of today’s contested populist political environment, contrasting his approach with that of the Virginia School of Public Choice. |
| JEL: | B25 B31 D71 D83 P1 P3 |
| Date: | 2026–02 |
| URL: | https://d.repec.org/n?u=RePEc:uct:uconnp:2026-01 |
| By: | Selinger, Daniel P; Crofton, Isaak |
| Abstract: | This essay argues that Ludwig von Mises’ regression theorem, when interpreted with full attention to its original logical structure and later Austrian developments, can be elevated from a narrow solution to the monetary circularity problem into a comprehensive methodological framework for analysing the non-monetary utility of cryptographic money. The authors reconstruct the classical Mises–Rothbard formulation and apply it to early Bitcoin history and to Monero’s genesis—especially the first non-coinbase transaction at block 110—to show that these systems exhibited technological, epistemic, and ideological utilities at “zero-day, ” prior to any established exchange value. The article also critiques recent misapplications of the regression theorem that dilute its rigor by treating virtually any collectible or idiosyncratically valued object as sufficient to satisfy its requirements, thereby trivializing the theorem. In contrast, the authors propose a disciplined regression-based research programme capable of distinguishing genuine cryptographic innovations from speculative tokens, tracing how early non-monetary utilities bootstrap intersubjective demand, marketability, and eventual monetary roles. The essay concludes that a rigorously applied regression framework provides a powerful tool for evaluating digital assets, advancing cryptographic research, and understanding the emergence of new monetary and institutional forms. |
| Keywords: | Mises’ regression theorem; non-monetary utility; cryptocurrencies; Bitcoin; Monero; zero-day analysis; Austrian economics; commodity theory of money; cryptographic primitives; privacy technologies; methodological framework; monetary emergence; blockchain history; digital assets evaluation |
| JEL: | B41 E31 Z1 Z11 Z19 |
| Date: | 2025–09 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:127140 |
| By: | Kevin Hjortshøj O'Rourke (CNRS - Centre National de la Recherche Scientifique, ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique, CEPR - Center for Economic Policy Research) |
| Abstract: | It is highly appropriate to have an economic historian such as myself participating in a celebration of Patrick Honohan's life and work. To most observers Patrick is a macroeconomist, financial economist, and central banker, and of course he has been all of those things in his time and an outstanding one to boot. But Honohan's career is also deeply enmeshed with economic history. First, he has helped to make it, both when acting as advisor to Garrett FitzGerald in the 1980s, and in his role as Central Bank Governor during those very dark years that now (in part thanks to him) seem so long ago. Second, during the 2000s he wrote the first draft of the economic history of our crisis, in several frequently cited papers and reports that will be a key source for future historians (Honohan, 2009a; 2009b; 2010). And third, he has made fundamental contributions to Irish economic history (Honohan and Ó Gráda, 1998; Honohan and Walsh, 2002; FitzGerald and Honohan, 2023). This reflects a genuine interest in the past, which manifested itself inter alia during the regular cliometric workshops held at the Central Bank during his tenure there. Patrick has been an active and valued participant in many economic history meetings over the years, and economic historians are proud to have him as an honorary member of our tribe. |
| Keywords: | economic history, macroeconomics |
| Date: | 2025–03–31 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05509062 |
| By: | Tanguiane, Andranick S. |
| Abstract: | We describe Aristotle's mathematical model of weighted voting to explain and implement decision-making in democracies, oligarchies and the mixed states that combine elements of both systems. This model, originally presented in textual form, extends the known history of social choice theory back 450 years to the mid-4th century BC. The fact that the origins of the social choice theory go back to one of the most influential thinkers of all time enhances its scientific and historical significance. |
| Keywords: | Social choice, history, Aristotle, democracy, oligarchy, mixed state, weighted voting |
| JEL: | D71 |
| Date: | 2026 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:kitwps:336791 |
| By: | Kevin Hjortshøj O'Rourke (CNRS - Centre National de la Recherche Scientifique, ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique, CEPR - Center for Economic Policy Research) |
| Abstract: | It is much too soon to speculate about the long-run impact of the second Trump administration's trade policy, since we don't know what it will be next week, let alone four years from now. But what we do know is that 2 April 2025 marked a brutal rupture with 90 years of American foreign economic policy that have shaped the world we live in. The symbolism was stark. By awarding each trading partner its own "reciprocal" tariff, the government of the US was tearing up the central foundational principle of the GATT and its successor organisation, the WTO, namely, the principle of non-discrimination enshrined in Article 1 of the GATT. Since it was the US itself that had been the great promoter of non-discrimination in trade – a position it had held since the 1930s – the events of 2 April marked the end of an era. |
| Keywords: | second Trump administration’s trade policy, American foreign economic policy, US government |
| Date: | 2025–12–01 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05509165 |
| By: | Zebiao Li; Rui Liu; Chengyi Tu |
| Abstract: | The governance of common-pool resources-resource systems characterized by high subtractability of yield and difficulty of exclusion-constitutes one of the most persistent and intricate challenges in the fields of economics, ecology, and applied mathematics. This comprehensive review delineates the historical and theoretical evolution of the mathematical frameworks developed to analyze, predict, and manage these systems. We trace the intellectual trajectory from the early, deterministic bioeconomic models of the mid-20th century, which established the fundamental tension between individual profit maximization and collective efficiency, to the contemporary era of complex coupled human-environment system models. Our analysis systematically dissects the formalization of the "Tragedy of the Commons" through the lens of classical cooperative and non-cooperative game theory, examining how the N-person Prisoner's Dilemma and Nash Equilibrium concepts provided the initial, albeit pessimistic, predictive baseline. We subsequently explore the "Ostrom Turn, " which necessitated the integration of institutional realism-specifically monitoring, graduated sanctions, and communication-into formal game-theoretic structures. The review further investigates the relaxation of rationality assumptions via evolutionary game theory and behavioral economics, highlighting the destabilizing roles of prospect theory and hyperbolic discounting. Finally, we synthesize recent advances in stochastic differential equations and agent-based computational economics, which capture the critical roles of spatial heterogeneity, noise-induced regime shifts, and early warning signals of collapse. By unifying these diverse mathematical threads, this review elucidates the shifting paradigm from static optimization to dynamic resilience in the management of the commons. |
| Date: | 2026–02 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2602.03129 |
| By: | Aurélien Rouquet (NEOMA - Neoma Business School); Mbaye Fall Diallo (LUMEN - Lille University Management Lab - ULR 4999 - Université de Lille); Lise Gastaldi (CRG - Centre de Recherche en Gestion - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - CNRS - Centre National de la Recherche Scientifique); Jeremy Morales (University of Bristol [Bristol]); Lucie Noury (Audencia Business School); Séverine Ventolini (CREGO - Centre de Recherche en Gestion des Organisations - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UB - Université de Bourgogne - UBFC - Université Bourgogne Franche-Comté [COMUE] - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE], VALLOREM - Val de Loire Recherche en Management - UO - Université d'Orléans - UT - Université de Tours) |
| Abstract: | Pour ses cinquante ans, la Rfg réunit dix contributions éclairant l'évolution du management, de ses fondements historiques à ses perspectives face aux défis technologiques, sociaux et écologiques. Cette introduction met en avant la vitalité de la recherche francophone, la nécessité de renouveler nos cadres d'analyse et la vocation de la revue : offrir un espace de dialogue rigoureux, créatif et engagé. |
| Keywords: | Perspectives, Histoire, Francophonie, sciences de gestion |
| Date: | 2025–12 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05449080 |