Contents: 1. Introduction 2. An Introduction to Ancient Greek Political Economy 3. An Introductio... more Contents: 1. Introduction 2. An Introduction to Ancient Greek Political Economy 3. An Introduction to the Socratics: Socrates and Xenophon 4. Plato Part I: The `Early' and `Middle' Dialogues 5. Plato Part II: The `Late' Dialogues 6. Aristotle Part I: Ethics 7. Aristotle Part II: Politics (High and Low) 8. Aristotle Part III: Economics 9. Conclusion References Index
Chapter 1 Table of Contents Chapter 2 1 Introduction Chapter 3 2 John Locke, Thomas Hobbes, and t... more Chapter 1 Table of Contents Chapter 2 1 Introduction Chapter 3 2 John Locke, Thomas Hobbes, and the Development of Political Economy Chapter 4 3 Adam Smith and the Invention of Economic Science Chapter 5 4 Ethical and Methodological Foundations of Marshall's Economics Chapter 6 5 Keynes's Return to Reality: The General Theory of Employment Chapter 7 6 Rational Expectations Economics as the New Classical Economics Chapter 8 7 Friedrich A. Hayek's Economic Theory of Law Chapter 9 8 The Theory of Economic Development as Presented by Gunnar Myrdal Chapter 10 Notes Chapter 11 Appendix Chapter 12 Bibliography Chapter 13 Index
James Buchanan won the Nobel Prize for economic sciences in 1986. This paper sketches the foundat... more James Buchanan won the Nobel Prize for economic sciences in 1986. This paper sketches the foundations of his work and how it developed over time. By the 1960s he saw exchange as the key to the whole discipline of economics. Gradually he shifted the focus from ‘gains from trade’ in regular markets to politics. Contracts regarding goods and services were broadened to constitutional contracts. Always the approach was to start from the status quo and look for Pareto gains. Especially in his early work, Buchanan was a strong advocate of positivism. Over time this softened. The paper starts by listing his foundational assumptions. It then discusses Buchanan’s early methodological views on how economics should be understood. Next, it shows his understanding of the ethics of markets, exchange, private property and the minimal state. Finally, it shows how this approach logically leads to constitutional political economy. Even though the focus was on formal rules, over the years Buchanan beca...
Economics, Massey University. Comments and criticism are invited. Quotations may be made on expli... more Economics, Massey University. Comments and criticism are invited. Quotations may be made on explicit permission of the author(s). Further copies may be obtained from:
Contents: 1. Introduction 2. An Introduction to Ancient Greek Political Economy 3. An Introductio... more Contents: 1. Introduction 2. An Introduction to Ancient Greek Political Economy 3. An Introduction to the Socratics: Socrates and Xenophon 4. Plato Part I: The `Early' and `Middle' Dialogues 5. Plato Part II: The `Late' Dialogues 6. Aristotle Part I: Ethics 7. Aristotle Part II: Politics (High and Low) 8. Aristotle Part III: Economics 9. Conclusion References Index
Chapter 1 Table of Contents Chapter 2 1 Introduction Chapter 3 2 John Locke, Thomas Hobbes, and t... more Chapter 1 Table of Contents Chapter 2 1 Introduction Chapter 3 2 John Locke, Thomas Hobbes, and the Development of Political Economy Chapter 4 3 Adam Smith and the Invention of Economic Science Chapter 5 4 Ethical and Methodological Foundations of Marshall's Economics Chapter 6 5 Keynes's Return to Reality: The General Theory of Employment Chapter 7 6 Rational Expectations Economics as the New Classical Economics Chapter 8 7 Friedrich A. Hayek's Economic Theory of Law Chapter 9 8 The Theory of Economic Development as Presented by Gunnar Myrdal Chapter 10 Notes Chapter 11 Appendix Chapter 12 Bibliography Chapter 13 Index
James Buchanan won the Nobel Prize for economic sciences in 1986. This paper sketches the foundat... more James Buchanan won the Nobel Prize for economic sciences in 1986. This paper sketches the foundations of his work and how it developed over time. By the 1960s he saw exchange as the key to the whole discipline of economics. Gradually he shifted the focus from ‘gains from trade’ in regular markets to politics. Contracts regarding goods and services were broadened to constitutional contracts. Always the approach was to start from the status quo and look for Pareto gains. Especially in his early work, Buchanan was a strong advocate of positivism. Over time this softened. The paper starts by listing his foundational assumptions. It then discusses Buchanan’s early methodological views on how economics should be understood. Next, it shows his understanding of the ethics of markets, exchange, private property and the minimal state. Finally, it shows how this approach logically leads to constitutional political economy. Even though the focus was on formal rules, over the years Buchanan beca...
Economics, Massey University. Comments and criticism are invited. Quotations may be made on expli... more Economics, Massey University. Comments and criticism are invited. Quotations may be made on explicit permission of the author(s). Further copies may be obtained from:
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