In the history of Russian economic ideas, a peculiar mix of anthropocentrism and holism provided fertile breeding ground for patterns of thought that were in potential conflict with the market. These patterns, did not render the emergence of capitalism in Russia impossible. But they entailed a deep intellectual division between adherents and opponents of Russia’s… Read more »
This book treats Adam Smith as a systematic philosopher. Smith was a giant of the Scottish Enlightenment with polymath interests. The book explores Smith’s economics and ethics in light of his other commitments on the nature of knowledge, the theory of emotions, the theory of mind, his account of language, the nature of causation, and… Read more »
NOUS invites young scholars interested in the history of political economy and philosophy to submit essays on one of the two following topics: “The continuing relevance of Adam Smith” or “Adam Smith, ordoliberalism, and ‘Ordnungspolitik’”. Submitters are expected to contribute original thoughts on the legacy and the importance of the Scottish Enlightenment in the fields of philosophy, politics, and economics.
The chapter deals with the development of the welfare state in the first three decades after World War II, in which the West German economy ran through a remarkable catching-up process. Economic policy in the new Federal Republic of Germany in that period was decisively shaped and influenced by the ordoliberal ideas of Walter Eucken… Read more »
Franc assesses Wilhelm Röpke’s impact on Swiss domestic policy. Röpke spent the greater part of his academic life (1937–1966) in Switzerland and used the example of Switzerland as a blueprint for his social philosophy. He conveyed a utopian image of Switzerland and used Switzerland as a stylized model for the ideal neoliberal nation. In foreign… Read more »
When thinking about today’s phenomenon of ‘fair trade’, it immediately brings to mind coffee with the ‘fair trade’ tag, nowadays seemingly found in just about every supermarket. But if we go back to fair trade’s origins in 1968, these same coffee smallholders were nowhere to be found in the burgeoning movement’s founding document, the Haslemere… Read more »
The paper offers a number of vignettes surrounding Friedrich A. Hayek’s receipt of the Nobel Prize. It examines Hayek’s life before he got the prize, describes the events in Stockholm, and offers a summary of the main themes of his Prize Lecture. It then examines the subsequent impact on Hayek’s life and career. It concludes… Read more »
James M. Buchanan won the Nobel Prize in Economics in 1986 and was a pioneer of public choice and constitutional political economy and contributed to many fields of study, including philosophy, political science, and public finance.