An Analysis of Some Essays in the History of Economic Thought

This volume, sponsored by the European Society for the History of Economic Thought, was shaped at the University of Bologna where earlier drafts of the 16 essays it contains were presented at a Conference on institutions, markets and the division of labor. Like any collection of essays, especially if they come after a conference, the quality of the contributions varies, but it must be said that the average exceeds the usual standard. Moreover, although the title “Knowledge, Social Institutions and the Division of Labour” is broad enough to accommodate a diversity of subjects, there is a degree of congruity among the different contributions. The book is divided in three parts, “Rationality, Communication and Connecting Principles” (comprising four essays), “Social Interaction and Moral Sentiments” (comprising five essays) and “Division of Labour, Patterns of Interdependence and Social Institutions” (comprising seven essays).