The author argues that the doctrine of state supremacy in Africa suffered a crushing defeat at the hands of the collapse of export prices of African commodities in the late seventies, which undermined the ability of governments to support their expanded public sector. The author observes that...

Hebrew Bible offers alternative Economic utopia for building Theocratic society. In this paper, various economic concepts and themes are presented, as found in the Hebrew Bible. These economic concepts include taxation, property rights, labor market, social policy, banking, years of Sabbath and...

The paper aims at: presenting the origins and the recent developments of Experimental Economics; describing the first experiments and the discussions they raised; proposing a picture of the current state of the art in the discipline, also from a methodological point of view, individuating a new...

The paper describes an attempt to use the British Input Output tables and other computer readable British Economic statistics to test hypotheses about the labour theory of value. Inversion of the I/O matrices is used to obtain estimates of values for commodity groups and the correlations between...

There is evidence that people do not fully take into account how other people’s actions are contingent on these others’ information. This paper defines and applies a new equilibrium concept in games with private information, "cursed equilibrium", which assumes that each player correctly...

This paper contrasts the German and English traditions of "Historical Economics" and explains their differences by positioning these two traditions in the specific institutional contexts in which they developed.

This paper constructs the probability space underlying the random variable of any time dependent econometric specification. The construction links concrete economic activity, both perceived and recorded, and econometric formulations. Furthermore, it is argued that the probability events...

This paper consists of the page proofs of W. A. Barnett's interview of Paul A. Samuelson, to appear in print in the journal, Macroeconomic Dynamics, in September 2004. To our knowledge, this is the first and only interview of Paul A. Samuelson published in a professional economics journal. In...

En este trabajo se presenta la Teoría de los Modos de Pensamiento desarrollada por Sheila Dow y se emplea la misma para realizar un recorrido por cuatro corrientes de pensamiento diferentes en Economía. En concreto, se pone de manifiesto como uno de los elementos diferenciales entre las mismas...

This paper is based on the traditional Austrian Theory of Capital which deals with expected values of future returns of investments over various periods of time. The longer the time period that elapses between the beginning of a production process and its end, the higher the (expected)...