The paper is the second message (the first was called “Toward another economic science (and thus toward another institution of this science)”) of the author to the French heterodox economists (post-Keynesians, Marxists, regulationists, conventionalists, socio-economists) which has the aim to...

Put in terms of the two fundamental theorems of welfare economics, social or welfare liberalism is being defined as the tenet criticizing classical liberalism for neglecting the second theorem, having nothing to say about the “liberalism” of macroeconomic policymaking. This note claims that...

This is a review-article on a book on the history of political economy in Italy from the 16th century up today, written by Riccardo Faucci, a known Italian historian of economic thought.

Why would social science need the help from quantum mechanics? First, there are many unanswerable questions in social science. Are financial markets predictable? How to predict the financial markets? These important questions are not answerable in the existing framework of finance or economics....

In September 2009, the editors of this special issue organized at Lausanne University a Workshop on the History of Russian Political Economy and Statistics at the turn of the 20th century. When preparing a call for paper for this journal, the editors realized that papers presented at the...

Abstract: Recent heterodox economic literature makes reference to Hilferding’s “Finance Capital” and Lenin’s “Imperialism” as early insights on the phenomenon of Financialization of capital. In this regard ideas which became dominant in the left during the first decades of the...

For those who knew the behavioural rules of various participants in the U.S. housing market, it was quite easy to recognize the swelling bubble in this market and predict that it will inevitably burst. And the only ones who could know these rules, except those who directly apply them in...

The expression “Say’s Law” is used in the economics literature to represent the arguments set out by Say in Chapter XV, Des Débouchés, Book I, of his Traité d’Economie Politique (1st ed. 1803; 4th ed. 1819, 1st English trans. 1821). These arguments, later known and discussed under the...

In 1918 the Central Statistical Administration (TsSU) was founded with the support of Lenin. Pavel Illich Popov was its first director (1918-1926). TsSU proceeded to the merging and centralization of the former decentralized statistical system of the zemstva (local governments) inherited from...

This book contains twelve essays on some important Italian economists whose works were mostly published in the 20th century. The essays are written mostlty by non-Italian authors and deal with Vilfredo Pareto (by A. Kirman), Maffeo Pantaleoni (Peter Groenewegen), Enrico Barone (P. C. Dooley),...