It is often argued that what marks the difference between Keynesian macroeconomics and new classical macroeconomics (the first installment of dynamic stochastic general equilibrium models) is the presence of microfoundations. These are deemed to be absent in the Keynesian approach, but central...

Robert Lucas is rightfully credited with having changed the course of macroeconomic theory. The aim of this paper is to document his transformation from a potential contributor to Keynesian macroeconomics to the master builder of an alternative paradigm, equilibrium macroeconomics. I reconstruct...

Like any other scientific editor, the economist who intends to spread the writings of his predecessors is faced with constant problems, beyond the question of who he will publish: what he should publish and how he should publish it. In the field of our discipline, the difficulties raised by...

Facing the systemic crisis which originated in Mexico and in Asia, and spread to all financial centers, the objective of the new international financial architecture is to master the international financial instability; this means improving the transparency and the regulation of markets, as well...

This note is mainly based on a short interview with Thomas C. Schelling (TCS), who shared the Nobel Prize with Robert J. Aumann in 2005. The interview took place on 06.03.2001 at University of Maryland, College Park, USA. It consists of two parts. The first part is about his interpretation of...

This paper examines 'natural' mathematics--developed to counter perceived paradoxes in early twentieth-century set theory--as an internally consistent unifying factor in the arguments of several disciplines, including economics (Sraffa), physics (Einstein), biology (Kimura), and mathematics (Godel).

This paper examines 'natural' mathematics--developed to counter perceived paradoxes in early twentieth-century set theory--as an internally consistent unifying factor in the arguments of several disciplines, including economics (Sraffa), physics (Einstein), biology (Kimura), and mathematics (Godel).

This paper reassesses John Wheatley’s contribution to the development of monetary doctrine at the beginning of the nineteenth century. His contribution is still underrated, despite an advanced methodological approach and his radical refinement of bullionist arguments. His contributions to...

This paper was presented at the Belgrade conference for one hundred years anniversary of 'Das Kapital'. Marx himself said very little about the concrete organization of a socialist economy. His general remarks about socialism were 'elaborated' by his followers by inference from Marx's criticism...