In the 17th Century, the importance of Turkish and Persian increased because of being languages of rulers and receiving official patronage. Thus, along with writing on socio-economic problems in Arabic language, many works of economic interest appeared in those languages. While the focus of the...

The term “Institutional Economics” has been applied to some of capitalism’s strongest critics as well as its most ardent apologists. This paradox in terms has bred contradictory literature in development economics, some declaring the death of this line of thought while others herald its...

This paper argues that despite a growing body of scholarly literature on Sir James Steuart, his theory of history and influence on Marxian political economy has been largely ignored. The approach of this paper is motivated, in part, by Marx’s sympathetic treatment of Steuart found in the...

This paper analyzes Raúl Prebisch’s less familiar contributions to economic theory, related to the business cycle, and heavily informed by the Argentinean experience. His views of the cycle emphasize the common nature of the cycle in the center and the periphery as one unified phenomenon....

This is Chapter 7 from Social Economics: An Alternative Theory (St. Martin's Press, 1991) Since Alfred Marshall's time, it has become ever more difficult to draw attention to the need for something besides technique to bridge the gap between the world that (presumably) exists outside our heads...

Economists have long recognized that in free markets, incentives to innovate will be diluted unless some factors grant innovators with a temporary monopoly. Patenting is the most cited factor in the economic literature. This survey concentrates on another factor that confers innovators with...

Mathematics’ use in economics is of a far greater extent than is logically admissible. Cardinal value, the possibility of interpersonal comparisons of utility, the continuity of economic functions, indifference, Pareto optimality as welfare criterion, and the possibility of general...

L'objet de cet article est de faire apparaître la singularité des liens qui unissent l'histoire de la pensée économique et la théorie économique. Une première partie met en évidence ce qui est susceptible d'expliquer la pérennité de la recherche historique. L'accent se trouve ainsi...

One of the most enduring relationships in economics is that proposed by Ernst Engel in 1857: “The poorer is a family, the greater is the proportion of the total outgo [family expenditures] which must be used for food. … The proportion of the outgo used for food, other things being equal is...