This paper provides an overview of the long-term impacts of the Columbian Exchange -- that is, the exchange of diseases, ideas, food crops, technologies, populations, and cultures between the New World and the Old World after Christopher Columbus' voyage to the Americas in 1492. We focus on the...

Bu makalede W. Petty’nin (1623-1687) iktisadi düşüncesi, merkantilist iktisadi düşünce ile ilişkisi bağlamında değerlendirilmektedir. Çalışmanın temel konusu, genel olarak, W. Petty’nin iktisadi düşünceler tarihi içindeki konumu hakkında, özel olarak ise onun merkantilist...

Hasta el año 2012, la bibliografía jovellanista sumaba algo más de 3.900 referencias, indicador del éxito editorial pero también del riesgo de que los intérpretes de Jovellanos, de seguir incrementándose, lleguen a superar algún día a sus propios lectores. Indudablemente, dentro de tal...

The article investigates Wicksell's change of mind about the machinery question between 1890 and 1900/1901. Wicksell at first sided with the so-called “compensation theory” that workers are not harmed by the introduction of machinery. In his lecture notes of April 1900, made available here...

Harriet Taylor has been long forgotten as an economist and political philosopher, while merely remembered as John Stuart Mill’s friend and belatedly wife. Never was fate more unjust: we only need to recall that Taylor - whose liberal background soon led her to be fascinated by socialist...

In the Wealth of Nations, Adam Smith argues that a country's national income depends on its labor productivity, which in turn hinges on the division of labor. But why are some countries able to take advantage of the division of labor and become rich, while others fail to do so and remain poor?...

Colonial Americans complained that gold and silver coins (specie) were chronically scarce. These coins could be acquired only through importation. Given unrestricted trade in specie, market arbitrage should have eliminated chronic scarcity. A model of efficient barter and local inside money is...

This article to dedicated to the 230th anniversary of the publishing of Adam Smith`s work “The Wealth of Nations” (9 March, 1776). The subject of our study is the liberal world of Smith and social welfare. We highlight his contribution as a founder of the “homo economiqus” model, which...

Much of the literature surrounding Schumpeter's 1942 Capitalism, Socialism and Democracy has focused on his reformulation of democratic theory rather than on the perceived tensions in the classical variant which motivated his reorientation. In contrast to the position of Schumpeter, the rational...