The social encyclical Rerum Novarum closely links the question of poverty with that of property, and invokes Thomas Aquinas. But on closer examination, the reasoning developed in favour of property departs from the scholastic thinker, since it maintains more affinities with the liberal tradition...

Destutt de Tracy’s value theory is examined here in its relations to labor. This theory is original in that it has two concepts of value, one being natural, the other, conventional. Both are linked to labor, deemed to be any productive activity and the sole origin of any production, but in two...

The Italian economist Enrico Barone (1859- 1924) is best known for his contributions to marginal productivity theory and the socialist planning debate. This paper analyzes Barone’s contributions to the theory of perfect competition which are largely ignored in the secondary literature. It...