"Modern economics tantalizes historians, promising them a set of simple verbal and mathematical formulas to explain and even retrospectively predict historical actions and choices. Colin P. Elliott challenges economic historians to rethink the way they use economic theory. Building upon the...

In 1986, Vietnam adopted a 'Doi Moi' ('new thinking') policy designed to encourage foreign investment, but U.S. trade embargos and sanctions stayed in place until 1994, effectively keeping U.S. investment out of Vietnam. Now, with embargos and sanctions lifted, Americans may be able to...

By analyzing the case of Athens during the Classical period (508-323 BCE) the main thesis of this paper is that under direct democracy procedures and the related institutional setup, a monetary system without a Central Bank may function relatively well. We focus on the following issues: (i) Τhe...