Gerolamo Boccardo on Internally Generated Commercial Crises (1857)

Although Gerolamo Boccardo did not contribute an original theory of crises in his own Dizionario della economia politica (1857) - he relied, in fact, on the one formulated a few years earlier by Charles Coquelin - he introduced some interesting innovations. In particular, he examined the relationships between different kinds of crises (commercial, agricultural and industrial), and discussed the exogenous and endogenous character of crises not only in terms of their causes, but in terms of the possibility of theorizing them