<disp-quote specific-use="block"> Scientific analysis is not merely a logically consistent process that starts with some primitive notions and then adds to the stock in a straight-line-fashion. It is not simply progressive discovery of an objective reality. (Schumpeter 1954, 4) </disp-quote> The paper discusses an important case of the...

[eng] The present paper discusses some long-run aspects of what Keynes called "the other point of view". In the interpretation given it is potential output or productive capacity that tends to adjust to actual output or effective demand, rather than the other way round. Early visions of the two...

[eng] In my answer to Christian Tutin's comment I make the following points : . (i) Keynes was concerned with establishing what he called "the other point of view", according to which effective demand has an impact on the performance of the economic system both in the short and in the long run....

A review essay on Alessandro Roncaglia, Piero Sraffa. His life, thought and cultural heritage, London and New York: Routledge, 2000 (Routledge Studiesin the History of Economics, 38), pp. 129.

This major work provides an assessment of Adolf Lowe’s work and explores areas for future research in relation to his important contribution to economics, in particular his belief that economics is inseparable from social inquiry.

It is generally acknowledged that Piero Sraffa was one of the most original and important economic theorists of the twentieth century. The significance of Sraffa’s contributions lies in the fact that he elaborated an alternative to the marginalist theory of value and distribution rooted in the...

Arguably one of the most important economists who has lived, Ricardo's impact on the economics profession is immense. This unique and comprehensive Companion elucidates his significance and continuing legacy. Ricardo made major contributions to all fields of the subject, from monetary issues to...