This paper deals with the debate which opposed Sismondi and the Ricardian economists, in the first half of the nineteenth century, on the equilibrium of markets, the role of competition and the effects of machinery in industrial societies. At the initial section, the main content of Sismondi?s...

This paper contemplates the evolution of Pigou´s stance towards the Keynesian Revolution. Preliminarily, a brief contrast between his and Keynes´s approach to the problem of unemployment is made. After that, Pigou´s first reactions to The General Theory are presented, along with the rejoinder...

In this paper we contemplate the debate, happened in Britain during the second decade of the eighteenth century, over the possibility of a general shortage of demand, in order to identify its common ground with the controversy that, a hundred years later, would give birth to the Law of Markets....