<title>Abstract</title> This paper investigates the interpretation of the Phillips curve by Phillips himself. It will be shown that Phillips primarily understood his curve as a disequilibrium relation to be used in his models on stabilisation policies and not necessarily as a long-run ‘menu of choice’...

<title>Abstract</title> The development of economics since 1945 was marked by an increasing internationalization that was simultaneously in large part a process of Americanization. This article focuses on the role refugee economists from Continental Europe played in the rise of American economics. It focuses...

<title>Abstract</title> The paper deals with the abolition of the Ottoman university and the reopening of Istanbul University in 1933, and the dismissal of many scientists in Nazi Germany. This allowed the Turkish government to invite a large group of these scholars to the benefit of the academic endeavours of...

<title>Abstract</title> The paper focuses on the reception of Fisher's <italic>Purchasing Power of Money</italic> in the German language area. Despite widespread hostility of German economists to quantity theory, it was Germany where Wicksell's <italic>Interest and Prices</italic> was published in 1898, and the first foreign language...

The distinctive line of argument in Hayek' business cycle theory can be characterized as a combination of the Cantillon effect monetary expansion on the price structure and the Ricardo effect of a shortage of consumption goods on the production of investment goods. This paper compares the...