This paper considers the idea of informality in market exchange, as introduced into the economic development literature by Keith Hart in the 1970s. In addition to Hart (1971, 1973) it will discuss three writers who may be considered his intellectual forerunners. Each, to a greater or less...

Was the Keynesian message alive during the second half of the XXth Century, or was it betrayed by his followers? This article in the fields of the history of economic thought and methodology contrasts the Scientific Research Programmes (SRPs), a Lakatosian concept, of Keynes in The General...

Financial market crises with the threat of a subsequent debt-deflation depression have occurred with increasing regularity in the United States from 1980 through the present. Almost reflexively, when confronted with such circumstances, US institutions and the policymakers that run them have...

The article is part of the special issue of the journal on Charles P. Kindleberger (CPK). It is here reported one of CPK's articles published in Moneta e Credito (vol. 33 n. 131, settembre 1980, pp. 253-58). The article presents a short piece of scientific autobiography by Kindleberger, and it...

Although there are several variants of innovation economics at play in the current antitrust literature, the federal judiciary and enforcement agencies as well as a number of Chicago Schoolers have recognized the importance of policy they all associate with the economist Joseph Schumpeter,...

During his honours research on an index of industrial production at the University of Western Australia, Salter gained an understanding of the composite commodity theorem. The applied work on the index of industrial production provided him with the analytic foundations for his two famous...

This paper was presented as the Henry Hazlitt Memorial Lecture at the Austrian Economics Research Conference, Ludwig von Mises Institute Auburn, Alabama. In this lecture, I look at a debate in the 1960s between Frank H. Knight, the subject of my new book (2016) in Palgrave Macmillan's Great...

A genealogical investigation of Frank Knight's little textbook, lt;Igt;The Economic Organizationlt;/Igt; (lt;Igt;EOlt;/Igt;), which has a history separate from, and perhaps even in tension with, its author. Where did this text come from? What is its history? What essays and manuscripts are its...

This paper compares Milton Friedman with John Kenneth Galbraith and Paul Samuelson in order to understand the different reactions of the intellectual community to the three. The thesis is that Galbraith's and Samuelson's economic scholarship left more room to accomodate their policy views to the...

Neoclassical economists of the current era frequently pay lip service to Adam Smith's theories to certify the validity of natural-laws-based, laissez-faire policies. However, neoclassical theories are fundamentally disconnected from Adam Smith's notion of value, his understanding of the economic...