Criticism of the fundamental classical postulates is the main focus of attention of the institutional theory. In their works, a number of representatives of the institutionalism have expresses their strong disagreement with the hedonistic principles of profit and loss as being the primary...

The institutional theory is, to a great extent, filled with criticism of the main classical postulates. Many institutionalists question in their works the hedonistic principle of profit and loss as a main motivating factor for human behavior. The main classical concepts result from relatively...

In the development of the general equilibrium theories, Hicks and Allais played an essential role. We are studying here the contributions which were theirs respectively in Value and Capital (1939) and in the Traité d?économie pure (1943). The accent is put on three points: the theory of...

Recent historiography on the interest of Italian economists in American economic thought is becoming rich and valuable. Thanks to these sources, we know that this interest arose because several Italian economists were attracted by the realism featured in North American economic investigation, by...

The paper, using the historical approach, reveals the sources and the basis of formation of the present-day knowledge on the essence of entrepreneurship prior to the middle of the 20 century. The views of representatives of the main economic schools are being analyzed. The specific national...

The paper explores the implications of the 1920s 'cost controversy' for heterodox economic theory (here limited to post-Keynesian and Sraffian analysis). It argues that neither neoclassical nor heterodox theories have found viable solutions to the basic dilemma posed by the 'cost controversy',...

This article aims at analysing the relationship between conventions and monetary policy using both the post-Keynesian and the French-conventions-school approaches, treated as complementary; and stressing the design of monetary policy frameworks (for example, inflation targeting) and the setting...

<i>Revealed Biodiversity: An Economic History of the Human Impact</i> aims to show that for several centuries environmental conditions have been substantially the product of economic fluctuations. It contests the notion of perpetual decline in species composition. The arguments are supported by far...

This paper submits that one of the most fallacious paradigms in economic thought and policy, stemming from Ricardo, has been that of comparative advantage, as it has assumed no capital mobility whereas it has been mainly foreign direct investment that has driven global trade since World War II...

The essay examines various aspects of the teaching of public finance in the Italian universities during the period of thirty years 1915-1945: the academic staff; the chair competitions; the main textbooks; the main theoretical contributions of public finance scholars.