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Edmund Phelps is among the most important economists of his generation. He developed a new understanding of unemployment and inflation and went on to rethink the roots of innovation. His work represents a lifelong project to put "people as we know them" into economic theory.In this book, Phelps tells the story of his role in reshaping economic theory, offering a powerful personal account of a creative and rewarding career. My Journeys in Economic Theory charts two major phases of Phelps's work, illuminating the breadth of his contributions to the field. First, introducing the expectations of wage setters and co-founding the "equilibrium" rate of unemployment, he built the microeconomic foundations for the employment theory introduced by Keynes and Hicks. More recently, he conceived a theory of "mass flourishing" superseding Schumpeter and Solow's analysis of growth— a theory in which individuals' creativity and society's dynamism fuel both grassroots innovation and job satisfaction.Phelps recounts his vivid experiences in the world of economics—fierce arguments, competition and collaboration, and the good fortune of time spent among some great figures—as well as his relationships with other luminaries such as John Rawls, Thomas Nagel, Paul Samuelson, and Paul Volcker. At its core, this book shares the joy of intellectual achievement: the excitement of coming up with a new idea that radically departs from prevailing views and the satisfaction of exercising one's own ingenuity instead of applying or developing others' models. Telling the story of a life packed with intellectual adventure, My Journeys in Economic Theory offers a profound vision of a dynamic, modern economy that delivers lives rich with creativity and meaning

Chapter 1: Introduction; Thomas Hoerber, Alain Anquetil -- Chapter 2: The Social Liberalism of John Stuart Mill; Alain Anquetil -- Chapter 3: Karl Marx's Communism and Critique of Capital; Paul Prew -- Chapter 4: Edmund Burke's Liberalism; Thomas Hoerber -- Chapter 5: The free Liberalism of Adam Smith; Alain Anquetil -- Chapter 6: Economic Cycles by Josef Schumpeter; Assen Slim -- Chapter 7: The Bancor and International Trade Possibilities of John Maynard; David Rees -- Chapter 8: The roots of neo-liberalism in Friedrich von Hayek; Thomas Hoerber -- Chapter 9: Elinor Ostrom or the Revolution of the Commons; Fanny Verrax -- Chapter 10: The Ecological Economy of Georgescu Roegen; Gabriel Weber, Ignazio Cabras -- Chapter 11: Conclusion; Alain Anquetil, Thomas Hoerber

First published in English 1929, this is a reissue of the nineteenth edition of Othmar Spann's classic history of economic thought, which is strongly influenced by the German Romantic tradition.Spann intended the work to serve as both history of economic thought and a critique of the main theories and systems of political economy, analysing the basic problems of economics in the light of the evolution of economic theory. His study encapsulates everything from pre-mercantile economics through to the political economy of the early twentieth century, encompassing such diverse subjects a

This book takes a multi-disciplinary critique of economics' first principles: the fundamental and inter-related structuring assumptions that underlie the neo-classical paradigm. These assumptions, that economic agents are rational, self-interested individuals, continue to influence the teaching of economics, research agendas and policy analyses. The book argues that both the theoretical understanding of the economy and the actual working of real-world market economies diminish the scope for thinking about the relation between ethics, economics, and the economy. It highlights how market economies may "crowd out" ethical behavior and our evaluation of them elides ethical reflection. The book calls for a more pluralistic and richer approach to economic theory, one that allows ample room for ethical considerations. It provides insight into understanding human motivations and human flourishing and how a good economy requires reflection on the ethical relations between the self, world, and time.

this paper, the economic theory of distributism has been analyzed. In the
first place, the author explains that the distributism is a social thought
which emerged in the Anglo-American world as the development of social
teachings in the Roman Catholic Church. Although it has not received the
status the main schools in modern economic thought have, distrubutism
persists as a specific direction of socio-economic thinking. The paper
particularly investigates the ideas of classical distibutism. The author
focuses on two basic books by Gilbert Chesterton and two most important
economic books by Hilaire Belloc. These authors have insisted on the problem
of society moving towards the so-called servile state in which a small number
of capitalists rule over mass of proletarians who are gradually coming under
slavery status, which is sanctioned by the law. For the purpose of remedying
this tendency and collectivism, they proposed a series of measures for a
repeated broad distribution of ownership over the means of production.
Finally, there is an overview of this idea and its development throughout the
twentieth century, finishing with contemporary distributists like John
Medaille and Alan Carlson.

Editor's Introduction Originally published in Volume 36, Number 1, Spring 1992, pages 3-6. Omicron Delta Epsilon presented Douglass North (1920-2015) with the John R. Commons award in 1992 for his contributions to the economics profession. The following year he shared the Nobel Memorial Prize in Economic Sciences with Robert Fogel. The Nobel honored their work in applying economic theory and quantitative methods to the study of economic history and institutional change. As a pioneer in what has become known as cliometrics (named for the classical muse of history, Clio), Professor North's scholarship focused on how human institutions and their organizational structures influence economic and societal outcomes. He is widely recognized as one of the founders of the New Institutional Economics school of thought. In this paper, his Commons Award lecture, Professor North describes and discusses his views on the limitations of neoclassical economics that are rooted in the assumption of instrumental rationality. His discourse on culturally influenced mental models and the limitations of our ability to process complex information presages the ongoing revolution in behavioral economics. This paper remains as timely today as it did when it first appeared in The American Economist.