On the occasion of the centennial of his mentor Alvin Hansen, Paul Samuelson published in 1988 a modified version of his seminal 1939 multiplier-accelerator model with the specific aim to address aspects of Hansen's secular stagnation hypothesis. The "Keynes-Hansen-Samuelson" model (or KHS, as...

The paper presents a survey of the complex relation between the production of primary commodities and economic growth throughout the history of economic thought. Some of the main topics investigated are: the apparent contrast between the theoretical advantages of natural wealth and the...

In 1912 Guillermo Subercaseaux (1872-1959), a professor of economics at the University of Chile, published El Papel Moneda, translated into French in 1920 as Le Papier-Monnaie. Subercaseaux's book was reviewed in North-American and European economic journals, and was regarded by Knut Wicksell...

This paper provides a comprehensive discussion of Mikhail Tugan-Baranovsky’s 1916 seminal study about the working of cooperatives in a capitalist environment, which, due to historical and linguistic circumstances, has left only a limited trace in the subsequent economic literature in the...

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...

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...

The article investigates Wicksell's change of mind about the machinery question between 1890 and 1900/1901. Wicksell at first sided with the so-called “compensation theory” that workers are not harmed by the introduction of machinery. In his lecture notes of April 1900, made available here...