It is a commonly accepted view that the parity theory of forward exchange based on the law of one price was first formulated by Keynes. In this article we assess the preliminary shapes of the interest parity (IP) relation. After reviewing the early beginnings of the IP relation, we investigate...

This paper provides an encompassing portrayal of Thoreau's economic thought. It is analyzed against the background of the history of economic thought and the economic thinking of his time. Thoreau's economic thought is an extensive examination of the ideas of classical political economy, and...

This essay discusses the following two hypotheses. The first one is based on the epistemological proposal which we have named the principle of discontinuity. It asserts that certain developments in the history of economic thought involve theoretical breaks which can only be fully explained by...

When Jacob Mincer and Gary Becker started the New Home Economics (NHE) at Columbia University in the early 1960s, they expanded on the field of family and consumption economics that Hazel Kirk and Margaret Reid began in the early 1920s. This paper studies forty years of household economics, the...

En Angleterre, au début du XVIIe siècle, une crise monétaire et commerciale sévère mobilise les esprits. Divers remèdes sont proposés. Selon Gerard de Malynes, la monnaie est avant tout la mesure des valeurs, et les manipulations financières pervertissent l'instrument monétaire. Le...

Robert Lowe, later Viscount Sherbrooke, played an important role in the late-Victorian methodological debate between the orthodox and historical economists known as the English Methodenstreit. Lowe adhered to a particularly narrow and immoderate version of the orthodox conceptual framework, and...

In the analysis of 'justice' in market exchanges, the scholastic doctors made some contributions to the theories of prices and money. But probably the most important (and neglected) contribution lies in the domain of anthropology, i.e. in the explanation of human nature and human behaviour. In...

The paper argues that economics is not a perfect selection mechanism that preserves each and every economic idea that is valid and useful and jettisons all ideas that are not. The teleological view of the subject cannot be sustained. Therefore the task of the history of economic thought cannot...

Few eighteenth century practitioners of political economy have been as misunderstood or stereotyped as Benjamin Franklin. His economic essays which spanned a sixty-one year period (1729-1790), still create disagreement among scholars even on the doctrinal origins of Franklin's economic ideas. If...

Bruce Caldwell (2004) “Hayek’s Challenge” tells the story of the evolution of Hayek’s methodological standpoint. In Caldwell’s account, Hayek is driven by the desire to identify a truly scientific approach to the study of society as a complex adaptive order which at the same time will...