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  1.  3
    The Decline of the 'Original Institutional Economics' in the Post-World War II Period and the Perspectives of Today.Arturo Hermann - 2018 - Economic Thought 7 (1):63.
    Original, or 'old', institutional economics – also known as 'institutionalism' – played a key role in its early stages; it could be said that it was once the 'mainstream economics' of the time. This period ran approximately from the first important contributions of Thorstein Veblen in 1898 to the implementation of the New Deal in the early 1930s, where many institutionalists played a significant role. However, notwithstanding its promising scientific and institutional affirmation, institutional economics underwent a period of marked decline (...)
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  2.  9
    Reassessing Marshall's Producers' Surplus: A Case for Protectionism.Daniel Linotte - 2018 - Economic Thought 7 (1):50.
    The rationale for liberal economic policies refers inter alia to the so-called producer and consumer surpluses, namely welfare concepts which were proposed by Alfred Marshall in his seminal work Principles of Economics, first published in 1890. In the case of trade policy, relying on surpluses and referring to the 'small country case', it is recommended to remove tariff barriers imposed on the imports of commodities because it should increase welfare and, in theory at least, the losers of such a trade (...)
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  3.  4
    The Backward Induction Controversy as a Metaphorical Problem.Ramzi Mabsout - 2018 - Economic Thought 7 (1):24.
    The backward induction controversy in game theory flared up and then practically ended within a decade – the 1990s. The protagonists, however, did not converge on an agreement about the source of the controversy. Why was this the case, if opposing sides had access to the same modelling techniques and empirical facts? In this paper I offer an explanation for this controversy and its unsettled end. The answer is not to be found in the modelling claims made by the opposing (...)
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  4.  1
    Comments on Arturo Hermann's Paper, 'The Decline of the “Original Institutional Economics”'.Anne Mayhew - 2018 - Economic Thought 7 (1):87.
    Read Arturo Hermann's paper, 'The Decline of the "Original Institutional Economics" in the Post-World War II Period and the Perspectives of Today'...
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  5.  2
    Spiethoff's Economic Styles: A Pluralistic Approach?Sebastian Thieme - 2018 - Economic Thought 7 (1):1.
    The main scope of this article is to introduce Spiethoff's economic styles approach to economists outside the German-speaking scientific community. It also provides a contemporary reading and interpretation of this approach, especially regarding the methodology Spiethoff used in his research. Essentially, it will be shown that Spiethoff applies a kind of 'abductive' thinking that is usually ignored. Especially in the recent debate about pluralism in economics, the dichotomy of induction and deduction excludes the concept of abduction. Against this background, the (...)
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