This paper discusses Herbert A. Simon’s conception of rationality in two of its principal general definitions: bounded rationality and procedural rationality. It argues that the latter is the one that better synthesizes the author’s view about rational behavior and that the former fills...

Chapter 12 of Keynes´ General Theory has concepts and analytical links with strong identification with the ones used by the so-called institutional approaches. This essay emphasises what seems to have been anticipated by Keynes on the research core of institutional economics, mainly based on...

Our goal in this paper is to shed light on a forgotten contribution to Brazilian economic thought, that is Victor Viana's 1922 book Histórico da Formação Econômica do Brasil (Brazilian Economic Formation's Timeline). That book never got a second edition, and is rarely referenced among both...

Tomás António da Guarda Cabreira (1865-1918) stood out as an economist and politician, thanks to a large and diverse set of publications on economic and financial issues, in addition to his short political activity as member of parliament and senator after 1911 and as Minister of Finance from...

This paper proposes that, in spite of some fundamental invariant aspects, the way of exposition of the Minsky's work central concept - the so called Financial Instability Hypothesis - changed significantly throughout his academic productive period; furthermore it assesses the traditional way this...

This paper assesses Pigou's theories of industrial fluctuations and employment according to the orthodoxy prevailing in the 20's and 30's of the twentieth century. Firstly, we review the conceptions on the economic cycle prevailing during the inter-war years and their inner connections with the...

Este artigo apresenta um esboço da biografia de David Riazanov, discutindo sua participação na vida política e intelectual russa e, em especial, seu papel na descoberta e publicação do legado literário de Karl Marx e Friedrich Engels, que culminou na primeira tentativa de editar as obras...

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...

Darimon’s book - De la réforme des banques – is the starting point of Grundrisse. This paper presents its structure and discusses how Marx’s critiques are part of his elaboration on the role of credit in capitalism and in the transition towards socialism. Marx’s trajectory from...

This paper assesses Pigou’s theories of industrial fluctuations and employment according to the canons of the economic orthodoxy prevailing in the 1920’s and 1930’s. Firstly, we review the conceptions about the commercial cycle advanced during the inter-war years and their inner...