Monetary-policy rules are attempts to cope with the implications of having a medium of exchange whose value exceeds its cost of production. Two classes of monetary rules can be identified: (1) price rules that target the value of money in terms of a real commodity, e.g., gold, or in terms of...

This paper analyzes the evolution of economic history in the last 65 years. It argues that economic history has followed a path that goes from the strictly use of standard economics applied to economic past (i.e. cliometrics), to a general formal reflection of social history based on more...