This article restates the essential link existing between Malthus' theory of prices and distribution, and his theory of effective demand. The first part of the article deals with his theory of prices and distribution, and shows that, although his contribution to this field has been largely...

Bayesian rationality is the paradigm of rational behavior in neoclassical economics. A rational agent in an economic model is one who maximizes her subjective expected utility and consistently revises her beliefs according to Bayes's rule. The paper raises the question of how, when and why this...

Prepared for the reissue of Frank Knight's <I>The Economic Organization</I> by Transaction Books, which includes both "The Economic Organization" and "Notes of Utility and Cost." The introduction covers the context of Knight's writing his little textbook, its place in the history of Chicago price...</i>

This paper examines Mark Blaug's position on the normative character of Paretian welfare economics: in general, and specifically with respect to his debate with Pieter Hennipman over this question during the 1990s. The paper also clarifies some of the confusions that emerged within the context...

Paolo Sylos Labini's Oligopoly Theory and Technical Progress (1957) is considered one of the major contributions to entry-prevention models, especially after Franco Modigliani's famous formalization. Nonetheless, Modigliani neglected Sylos Labini's major aim when reviewing his work (1958),...

In spite of the use of a utilitarian language in Rational Choice Theory, economists do not acknowledge any link to this current of moral philosophy, and have made great efforts to rid economics from its legacy. In this document we aim at assessing these efforts retracing their history from...

In spite of the use of a utilitarian language in Rational Choice Theory, economists do not acknowledge any link to this current of moral philosophy, and have made great efforts to rid economics from its legacy. In this document we aim at assessing these efforts retracing their history from...

This paper revives the seminal work of Jack Kenneth (J.K.) Eastham, an economist from the Dundee School of Economics, who in the 1930s wrote on the theoretical aspects of storable commodity markets. First, we present Eastham's contribution and show that despite using a graphical analysis,...

We study the effect of a move from joint to individual taxation system using 2,276 couple household living in Luxembourg. We estimate simultaneously labour supply and social assistance (RMG) participation, exploiting a discrete choice model. We focus on the distributional, work (extensive and...