Thorstein Veblen (1857-1929), considered the first institutionalist author, tried to formulate, in the passage of the 19th century to the 20th, an original system of political economy that was alternative to classical, neoclassical, historicist and marxist thoughts. In this paper, this system of...

This article verifies the occurrence of a real estate bubble in the Brazilian economy. Overall, our results suggest the existence of a bubble in the real estate sector of the economy. The Austrian School of economics provides a solid explanation to this phenomenon, which are reinforced by...

This article verifies the occurrence of a real estate bubble in the Brazilian economy. Overall, our results suggest the existence of a bubble in the real estate sector of the economy. The Austrian School of economics provides a solid explanation to this phenomenon, which are reinforced by...

The collapse of USSR has stimulated a huge scholarly debate on socialist alternatives. This paper surveys four rounds of the debate on market and planning in the transition towards socialism: the socialist calculation debate (Barone, Mises, Lange and Hayek), market and plan in the Soviet...

O presente artigo apresenta um modelo dinâmico não linear que gera um ciclo-limite a partir de duas equações diferenciais, onde uma dessas equações representa a dinâmica do ajustamento de preços e a outra o ajustamento das quantidades, em um contexto em que prevalecem preços e salários...

This paper explores the connections between the theories of the Stockhom School and the economic orthodoxy of the 1930’s. First, we reconstitute the classical, Cambridge and Wicksell’s conceptions on saving and its relations with investment. Next, we define the unifying principle behind the...

After the publication of The General Theory of Employment, Interest and Money (hereafter, GT), an intense debate about its main preposition – that the long-run equilibrium of the economy is a position of involuntary unemployment – was established. The consensus view that emerged from it,...