O artigo examina as posições dos economistas clássicos no tocante à concorrência e às propostas socialistas da época. Após breve relato da evolução do ideário socialista na Inglaterra e França, apresentam-se as observações de Smith, Bentham, James Mill e Ricardo sobre a condição...

Cet article réexamine l'apport de Pellegrino Rossi à la loi de l'offre et de la demande par rapport aux contributions de Say, Ricardo ou Smith. Il montre que Rossi développe une théorie de la valeur originale qui emprunte à la fois à la pensée classique anglaise et à la pensée...

For almost a century, the famous C-K paradigm (formally known as Classics – Keynesian Paradigm) has been the apex of economic debate and research. The paradigm represents two schools of thoughts which, somehow, have prevailed till now. Economists who believe in either of the two schools have...

Provision of last resort facilities cannot be caracterized as temporary deviations from a non inflationary long term predefined growth rate of the money supply. We show that its analytical foundations lie in Thornton's banking theory as the latter introduces a link between credit and money. Bank...

This paper goes through the main classical authors’ positions on the virtues and the limitations of both competition and socialism. The first section retrieves the evolution of socialistic ideas in England until the first half of the nineteenth century, highlighting Owen’s thesis. After...

We suggest, in this paper, the investigation of Adam Smith and Francis Ysidro Edgeworth's utilitarianism conceptions. Both conceptions were used in order to develop Economics as science. However, they presented the limitations of the economic theory, which boundaries recommended.

In Chapter 3 of the General Theory, Keynes sketches out what he calls the essence of the General Theory of Employment. He introduces the Keynesian expenditure-based model, his aggregate demand function and also his aggregate supply function, a concept which spawned much debate among...

In Chapter 4 of the General Theory, Keynes discusses the units of measurement he will be using in the remainder of the book, in particular his reason for measuring in nominal rather than real terms, objection to aggregate measures of real output and physical capital stock, and his concept of...

Chapters 8, 9 and 10 set out Keynes’ theory of consumer behavior. Chapter 8 is entitled The Propensity to Consume: I. The Objective Factors, Chapter 9 is The Propensity to Consume: II. The Subjective Factors, and Chapter 10 is The Marginal Propensity to Consume and the Multiplier. Contrary to...

This paper puts John Maynard Keynes’ "The General Theory of Employment, Interest and Money" into its historical context, both in terms of economic history and in terms of the history of economics. It discusses the post-World War I period as background to the General Theory, looks at the...