Abstract This paper provides a critical analysis of the World Bank’s new thinking on industrial policy. After outlining the changing perspectives on industrial policy put forward by the World Bank over the last three decades, we argue that the bank’s economists have taken one step forward...

The paper aims to present the Islamic appraisal of established theories in academic literature of development economics, both in classical and neo-classical economics. The paper also explains the Islamic concept of human development and shows it to be more welfare maximizing to humans in their...

Prof. V.K.R.V. Rao falls in the line of great Indian leaders and scholars such as M.G. Ranade, Gandhiji, J.K. Mehta, who emphasised the human values and ethics in the discipline of economics. For him the nature and purpose of economic activity is different from what is prescribed in the...

The present paper studies and evaluates Dr. Ambedkar's pioneering contribution to the origin and development of provincial finance during the British period. It also discusses his opinion regarding different stages of decentralization, and compares it with that of M.G. Ranade, one of the...

This is an analysis of the personality of prof. Epicarmo Corbino (1890-1984), centered on his cultural identity, his vision of economic policy, his way of interpreting the relationship between theory and history and his important activity of politician and statesman. The portrait that emerges is...

This is a memorial article to celebrate the Italian journal "La Rivista Trimestrale", edited in Rome by two critical communist scholars, Claudio Napoleoni and Franco Rodano, in the period 1962-1970.

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The object of these pages is to revive a critical reflection on the significance of Sraffa's early theoretical work in the five-year period running between 1925 and 1930. After identifying the main interpretative issues, attention is focused on Sraffa's thought on the shape of cost curves and...

The paper discusses the main contributions of the Nobel prize in economics laureates for 2007 Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson "for having laid the foundations of mechanism design theory". The paper presents the main concepts and applications of the mechanism design theory.

The paper investigates two different approaches to the analysis of institutions using game theory and discusses their methodological and theoretical implications for further research. Starting from von Neumann and Morgenstern’s theory, we investigate how game theory has been applied to the...