The outburst of the 2008 global economic crisis sparked myriad criticism on mainstream neoclassical economic theory, which is blamed for not even have considered the possibility of the kind of collapse that the subprime mortgage meltdown unleashed. In this paper, it is argued that what happened...

"A century of macroeconomic and monetary thought at the National Bank of Belgium" traces the history of economic research at the National Bank of Belgium, from the early decades of the 20th century to its present functioning in the Eurosystem. The study also goes into the major economic policy...

"A century of macroeconomic and monetary thought at the National Bank of Belgium" traces the history of economic research at the National Bank of Belgium, from the early decades of the 20th century to its present functioning in the Eurosystem. The study also goes into the major economic policy...

This paper provides an overview of the political economy literature dealing with questions related to global governance, with a particular focus on its democratization. It further outlines an ambitious research agenda for bringing global governance and its structures within the political economy...

The Townshend–Keynes exchanges over decision making, weight of the argument (evidence), non numerical probabilities (Keynes’s term for Boole’s constituent probabilities, used in The Laws of Thought in 1854, that appears on page 163 of the A Treatise on Probability in chapter 15 on inexact...

This paper discusses the role played by NY Fed economist Robert Roosa and Paul Samuelson in the emergence of the literature on credit rationing at the beginning of the 1950s. I argue that, contrary to the story one can find in the technical surveys, an intermediate step between Roosa and the...

The editors of the Collected Writings of John Maynard Keynes made an unfortunate blunder when they assigned to Richard Braithwaite the task of writing an editorial foreword to Volume 8, A Treatise on Probability, of the Collected Writings of John Maynard Keynes. Braithwaite never read the A...

The origins of “capital fundamentalism” – the notion that physical capital accumulation is the primary determinant of economic growth – have been often ascribed to Harrod's and Domar's proposition that the rate of growth is the product of the saving rate and of the output-capital ratio....