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...

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...

Jean-Jacques Rousseau is rarely mentioned in the history of economic thought. For a long time his criticism of market economy has been described as a defense of an agricultural society with no relation with the outer world that could even be considered as anchored in the past. Maybe one of the...