This paper involves a critical discussion of Nicholas Kaldor's contribution to the theory of economic growth, and the associated Verdoorn Law. As well as Kaldor's theory, prominent rival theories, such as the diffusion hypothesis of S. Gomulka and the neo-Marxist model proposed by S. Bowles et...

The 2008 economic crash led to remarkable shifts of opinion among world leaders. Does this crisis create favourable conditions for the reform and revitalisation of economics itself--from a subject dominated by mathematical techniques to a discipline more oriented to understanding real-world...

Caldwell (2001. Hodgson on Hayek: a critique, Cambridge Journal of Economics, vol. 25, 541--55) raises a number of criticisms of Hodgson's (1993. Economics and Evolution: Bringing Life Back into Economics, Cambridge, UK and Ann Arbor, MI, Polity Press and University of Michigan Press) analysis...

In his classic book The Hidden Persuaders, Vance Packard claimed that large corporations manipulated consumers, using advertising techniques. John Kenneth Galbraith and others have repeated a similar view. Against this, Gary Becker and George Stigler have claimed that advertising is essentially...