Although Gerolamo Boccardo did not contribute an original theory of crises in his own Dizionario della economia politica (1857) - he relied, in fact, on the one formulated a few years earlier by Charles Coquelin - he introduced some interesting innovations. In particular, he examined the...

This paper honors Don Lavoie's work on the relationship between theory and history in Austrian economics by using the current recession as an example of many of the ideas found in his paper on the “Interpretive Dimension of Economics.” More specifically, I start from the premise that all...

This paper is a contribution to the elaboration of a narrative of the international economic disorder that followed the demise of the Bretton Woods regime. It therefore revisits some key episodes of the recent history of the world economy – the Washington Consensus saga and the widening of...

Economists have occasionally noticed the appearance of economists in cartoons produced for public amusement during crises. Yet the message behind such images has been less than fully appreciated. This paper provides evidence of such inattention in the context of the eighteenth century...

John Maynard Keynes became world famous with the publication of The Economic Consequences of the Peace in 1919, a harsh critique of the Versailles peace treaty. As a consequence, Keynes was nominated by German professors in economics for the Nobel Peace Prize three years in a row, 1922, 1923 and...

Warum steigt ein Land zur Wirtschaftsmacht auf? Sind Freihandel und Globalisierung Allheilmittel? Was ist die Ursache für die europäische Währungskrise? Bei seiner Reise durch die Wirtschaftsgeschichte von den mächtigen Stadtstaaten der Renaissance bis zum aktuellen Aufstieg Chinas und...

The global economy has built a tangled and tortuous financial system model at a pace arduous to manage. After the financial crisis which was widely recognized in 2008, the International Monetary Fund (IMF) made several attempts to create an effective financial system. However, the organization...

There has been considerable research into dynamic global tactical asset allocation (GTAA) strategies driven by simple measures of Valuation and Momentum applied to a baseline balanced portfolio of equities and fixed income (see Blitz and van Vliet 2008, Wang and Kochard 2011, Gnedenko and Yelnik...

Ireland on the eve of the Great Famine was a poor and backward economy. The Great Irish Famine of the 1840s is accordingly often considered the classic example of Malthusian population economics in action. However, unlike most historical famines, the Great Famine was not the product of a harvest...