This paper deals with A. Young`s approach to the explanation of increasing returns, devoting attention not only to his 1928 famous article, but also to other interesting indications which can be found in his previous works. It argues that the logic of Young`s analysis is based on a...

Although the notion of ‘crisis' was first subsumed under the idea of ‘cycle' and eventually expurgated from economic terminology, the term continues to exist and occasionally makes it to economic dictionaries. This chapter surveys its usage in post-war dictionaries, beginning from some...

In 1851 the French Social economist Auguste Ott discussed the problem of gluts and commercial crises, together with the issue of distributive justice between workers in co-operative societies. He did so by means of a ‘simple reproduction scheme' sharing some features with modern intersectoral...