Population ageing has been seen as creating economic problems, which are often described as a worsening intergenerational conflict for resources. A rising demographic dependency ratio is said to increase the “burden” on the working population, by forcing sacrifices in their consumption. Such...

Considers two main strands of literature. The first deals with the tension between the falsificationist view of how economic know-ledge could or should be acquired, and the view that economics is a separate, deductive science. The second concerns the metaphors used in economic analysis, the main...

The focus of this paper is the economic theory of the plans for the European Monetary Union. Part 1 demonstrates that economists, bankers and policy makers know very little about monetary policy. Part 2 explains the errors of the common practice of defining money by its functions. Because any...

Reviews Milton and Rose D. Friedman’s, Two Lucky People: Memoirs, University of Chicago Press, Chicago, 1998, $35 (£24.95), ISBN 0-226-26414-9. Focuses on how the memoirs illuminate the main contributions Friedman has made to political economy and the economics literature.

Addresses the theory of capital and interest of Eucken. Explains how Eucken works out the temporal aspects of the economic process in different monetary systems, market structures and economic systems. The theory is critically evaluated. Eucken made essential contributions to the theory of...

Gives an overview of the reception of Eucken’s work abroad and the influences on the thinking of Eucken from outside the German language area. Further, points to the contribution of Eucken to monetary and capital theory and the theory of the centrally administered economy, the significance of...

Streissler considers Roscher's theory of crisis to be highly original and important. Schumpeter, on the other hand, considers it only a rehash of the ideas of others. Examines this contradiction, beginning with a reflection on the essential elements of the debates on Keynes, Say's law and...