This paper aims to understand the relationship between Radical Economics (RE) and Endogenous growth theory (EGT) based on a comparison of concepts and methods. Our findings include the existence of a set of common concepts, namely “power”, “conflict”, “technology” and...

This paper is a scientific revolution in motion. Pragmatic empirical work is combined with macroeconomic theory to provide a scientific analysis of the influence of Keynesian theories on the performance the US economy since the Second World War. Despite recent decades of apparent revival of...

Regardless of the fact that economics distinguishes itself from other social sciences by a high level of formal deductive modelling, it is a social science due to the essence of the economic process where a human is subject and object at the same time. In the recent years this issue has been...

Economic theory emerges through interaction among interested participants, with the content of those theories being a product of spontaneous ordering and not scientific planning. At any moment, it is reasonable to expect various theoretical formulations to be in play, some typically receiving...

David Ricardo’s key place in the history of economic thought is well established. However, both the understanding of his Principles of Political Economy and Taxation and its role in the development of economic analysis is much more controversial. Cambridge economists have contributed...

Schumpeter had a clear vision of the developing economy, but he did not formalize it. The quest for a germane formal basis is in the following guided by the general question: what is the minimum set of foundational propositions for a consistent reconstruction of the evolving money economy? We...

A system of thought allowed for the free market price of land to cyclically go down to zero. This is the economics of Moses. The economics of Jesus is a restatement of the economics of Moses. The first was applied during Biblical times and the latter, united with Aristotle’s thought and...