Purpose The purpose of this paper is to examine two (accidental and inevitable) reasons why W.H. Beveridge, who in 1936/1937 had rejected all of the elements of Keynes’s General Theory, came to accept it enthusiastically in the 1940s. Design/methodology/approach The paper answers this question...

A man is a key subject of economics. “A man is irrational” - this opinion can be made from Allais paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper solution of these problems and the development of the economics. A...

A man is a key subject of economics and economic theory. “A man is irrational” - this opinion can be made from Allais paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper solution of these problems and the development of the...