Purpose – The aim of this paper is to examine the proposition that the monetary reform movement has correctly identified the central importance of money-issue whilst, simultaneously, not appreciated the sophistication of previous monetary theorists. Design/methodology/approach – The...

Purpose – The aim of this paper is to examine the proposition that the monetary reform movement has correctly identified the central importance of money‐issue whilst, simultaneously, not appreciated the sophistication of previous monetary theorists. Design/methodology/approach – The...

Purpose The extent to which Amartya Sen’s capability approach is prefigured in Karl Marx’s views comes into sharper focus when one notes that Marx and Friedrich Engels explicitly argued that the transformation from capitalism to communism would involve the development of “a totality of...

Purpose – Unemployment is a systemic element of economic development which need not and “normally” does not give rise to full employment of labour regardless of the flexibility in labour markets. This paper aims to address these issues. Design/methodology/approach – The paper presents...

This article develops an analysis of the conventional formation of expectations by means of introducing an overlooked factor in the analysis: the role of inference. Individual inferences and changes in evidential weight of beliefs and in the state of confidence are integrated with an analysis of...

This article develops an analysis of the conventional formation of expectations by means of introducing an overlooked factor in the analysis: the role of inference. Individual inferences and changes in evidential weight of beliefs and in the state of confidence are integrated with an analysis of...

Purpose – Unemployment is a systemic element of economic development which need not and “normally” does not give rise to full employment of labour regardless of the flexibility in labour markets. This paper aims to address these issues. Design/methodology/approach – The paper presents...

Dualism - the division of an object of study into separate, paired elements - is widespread in economic and social theorising: key examples are the divisions between agency and structure, the individual and society, mind and body, values and facts, and knowledge and practice. In recent years,...

This paper aims to show that economic theory has become ‘desocialised’ and separated from social theory through the adoption of individualistic methods and neglect of social relations and structures. A historical overview traces how the social content of economic theory has diminished,...