This paper aims at contributing to the discussion of the theoretical construction of the neo-Schumpeterian approach to technical and economic change. First, the fundamentals of this approach, based on analogies to evolutionary concepts of the biological sciences, are presented. Second, we show...

The paper analyzes the historic origin of Central Banks, from three basic processes: the evolution and convergence of the free banking system to a hierarchical and centralized system in the Central Bank; the transformation of Clearing Houses in Central Banks, and finally, the processes by which...

What we show is this article is that there is a link between Post- Keynesian theory and Institutional Economy. This link can help us (i) to understand the instability of the monetary economies and (ii) to oberve the relevance of the institutions in the coordenation process of the monetary economies.