This paper argues that the ancient Greek philosopher Democritus expressed many interesting economic ideas, some of which can also be found in the works of the Socratic philosophers. The paper shows that the Abderian philosopher - despite the fact that he did not engage himself primarily with...

This paper focuses on the thinking of Emil Lederer, one of the leading academic socialists of Germany in the 1920s. Lederer's views on economic development, technical change, credit and business cycles are compared to those of Schumpeter. The paper traces the roots of some of their ideas back to...

The present paper estimates Total Factor Productivity (TFP) change for the Russian economy in the time period 1994-2006. It also calculates potential output and output gap using a Cobb-Douglas (CD) production function and a Hodrick-Prescott filter, as well as the Non-Accelerating Wage Rate of...

This paper compares Joseph Schumpeter and Emil Lederer with respect to their visions concerning the notions of economic growth, technology and business cycles. Their theoretical investigations in a number of thematic areas seem to converge to similar views. More precisely, both Schumpeter and...

This book aims at presenting and assessing imperialism as a theoretical concept. It aims to provide a comprehensive evaluation, focusing specifically on the tension between Marx's theoretical system of the Critique of Political Economy and the theories of capitalist expansion and domination.

In this paper, the concept of capital over-accumulation, formulated by Marx in Volume 3 of Capital, is discussed and adopted as the theoretical framework for the study of capital accumulation and economic crisis in Greece in the period 1960-89. The empirical part of the analysis is based on the...