In this article, Alessandro Roncaglia renders a careful and detailed intellectual tribute to the memory of Paolo Sylos Labini. Roncaglia’s contribution provides at once a biographical account and recounts the intellectual trajectory of his Italian colleague. While Sylos Labini’s theory of...

The economic crisis unleashed criticism of the economics profession in the popular press and raised discussions about the adequacy of traditional economics education to new levels. This paper considers how the criticism of traditional economics and economics education, highlighted by the crisis,...

The Traverse refers to the movement of the economy outside equilibrium. It requires a consideration of how an economy may achieve equilibrium, and how it may navigate towards a new one if conditions change. Analysis of these themes, from the classical economists onwards, leads to the conclusion...

In this Introduction, we discuss the main themes of post-Keynesian economics, and the manner in which they are dealt with by the contributors to the Handbook. In particular, the important aspects of post-Keynesian analysis are identified, and their main critiques of mainstream theory are...

The demand for money is the key element uniting major structural models of exchange rate determination. The author analyzes the history of money demand theorizing in connection with the development of structural models of exchange rate determination. The author demonstrates that the evolution of...

J.E. Stiglitz claims that the state should intervene only in cases when it has possibility to reduce market failure. He postulates government and market co-operation, what can result in their reinforcement and effective solutions for social problems. Whereas, B.S. Frey notices that only a...

John Law and Richard Cantillon are two economists whose lives and works are intrinsically related. They were at one moment close collaborators and at a later moment bitter enemies. On the one hand, John Law significantly shaped the institutional and policy framework of the French financial...

As history, institutions, social and political forces specific to any economy have a profound effect on that economy’s dynamics, it is important to understand how these have evolved with the development of capitalism. The classical economists analysed economies with labour surpluses, which...