Discusses the heritage of John Maynard Keynes in terms of application and results of his new economic philosophy over the last four decades. Compares the Keynesian school of thought with other classical and contemporary economists in relation to foundations of monetary and economic analysis, the...

The thesis that the institutional arrangements, social organizations, and ideology in Eastern Europe are not conducive to the establishment of capitalism, and certainly not the laissez‐faire variety, with Poland cited as the illustrative case. Karl Polanyi′s necessary conditions for...

Describes the fear of inflation which has frustrated European employment policies since the early 1970s. States that the concurrence of much unemployment with inflation did not elicit new ideas and that governments postulated that excessive spending, social security payments in particular, is...

The equation of unified knowledge says that S = f (A,P) which means that the practical solution to a given problem is a function of the existing, empirical, actual realities and the future, potential, best possible conditions of general stable equilibrium which both pure and practical reason,...

Argues that none of the basic problems in the science of economics and finance have been properly solved. Discusses the basic problems in theory and practice, in particular with the monetary system. Adds much to the teachings of Smith, Marx, Walras and Keynes and is even critical of Friedman....

In practice, monetary valuation of biotic resources by the concept of total economic value (TEV) is a powerful tool for a rational treatment of this fraction of natural capital and for its conservation. Beyond methodological limits to monetarisation with regard to its marginal character there...