Introduction -- Part I: Guggenheim Prize Lecture -- The Myth of Money as a Veil -- Part II: Financial History -- British Investment Trusts 1868 to 1928: Portfolio Diversification and the Beginnings of Institutional Investment -- Early Reflections on the Democratization of Organized Markets and...

<title>Abstract</title> We review Keynes's constant concern with commodity prices, both as speculator and as theorist, arguing that it was never divorced from his view on market instability. We also look at Kahn's contribution on buffer stocks, which brought to fruition the original intuition by Keynes,...

[fre] La question posée est de savoir si une marchandise peut être choisie arbitrairement comme étalon monétaire. L'analyse distingue la fonction de l'étalon monétaire et la fonction du numéraire. Ricardo a soulevé la question des caractéristiques que doit avoir la marchandise choisie...

By looking at the available evidence on the London gold market in the late eighteenth century and early nineteenth century, this p aper presents a new formulation of the gold points and models the mar ket behavior behind gold movements. While there is evidence that the merchants' behavior...

Cambridge as a geographical reference often crops up in the characterisation of the economic theories and approaches that developed in Cambridge (UK) between the 1920s and the 1960s with the contribution of economists who did not always share the same interests, background or attitudes, but who...

The subtitle of Sraffa's most celebrated work, Production of Commodities by Means of Commodities, is prelude to a critique of economic theory. Given that no later work was ever published by Sraffa, we are left to wonder what would have come after the prelude. This paper suggests that the core of...

This book examines financial markets from a historical perspective. Bringing together contributions from leading historians of economic thought, economists and economic historians, it offers an integrated approach and reflects on the workings of financial markets, their impact on and relation...