This paper proposes the development of an "observational economics" whose domain would be restricted to what is observable in the real world.

This paper will critically discuss traditional growth theory by using, as a reference, the main results obtained by Luigi Pasinetti's approach based on vertically integrated processes. It will be argued that theories centred on one commodity models, whether a Ricardo-Marx or Ramsey variety,...

The first objective of this paper is to correct the popular misconception about Hayek on government. The second is to reject the interpretations that have been offered by the principal critics, Brittan (1983) and Gray (1989).