History of Economic Thought

    Understanding how economists conceived of the economy and of economic problems in different periods and settings allows current economists to resurrect valuable theoretical insights. These inform a new economic thinking that responds to the challenges of our own time.

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    Race May be Pseudo-Science, But Economists Ignore it at their Peril

    Presented by Professor Dan O’Flaherty at the Institute’s conference on the economics of race in Detroit on 11 November, 2016 Read more

    There Isn’t Really a ‘Mainstream’ at All

    There is a mix of common-sense opinions, political prejudices, conventional business practice, and pragmatic rules of thumb, supported in an ad hoc, opportunistic way by bits and pieces of economic theory. Read more