Skidelsky’s last work « The Return of the Master” gives a new perspective to his previous studies about J.M. Keynes. In this new light, he studies the Keynesian theories, no longer in the historical context in which they were developed, but using them to explain and to try to find a...

the relationship between ethics economy was born with the same economy, from the lessons of A. Sen shows the importance of this relationship. And it is precisely the history of this source can give a new way to new ethical applicazini that can create new economic development

Amartya Sen (1933-) is one of the greatest scholars who studied the relationship between ethics and economics and was held the Nobel Economics Prize thanks to this. At the awarding of the Nobel prize, while talking about his studies, the motive was: “...has been highly instrumental in...

Georg Wilhelm Friedrich Hegel (1770-1831) and Karl Marx (1818-1883) showed future generations the principles to understand industrialization as the birth of cultural and social phenomena connected to the division of labour. Furthermore, these authors combined contrasting elements such as...

Amartya Sen (1933-) is one of the greatest scholars who studied the relationship between ethics and economics and was held the Nobel Economics Prize thanks to this. At the awarding of the Nobel prize, while talking about his studies, the motive was: “...has been highly instrumental in...

While in Germany I. Kant’s ethics rose and accrued, in England utilitarianism matured. This line of thinking which developed between the end of the seventeenth century and the end of the eighteenth century, will be defined classic utilitarianism. This wording is important to be able to...

Adam Smith has always been considered as the founder of political economy, while his contribution as a philosopher has been rediscovered only after many decades. Consider that the integral translation of his work “Theory of moral sentiments” (TMS) was made only in 1990 in Italy. One can draw...

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...

We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the...

This paper reports data from a laboratory experiment on two-period moral hazard problems. The findings corroborate the contract-theoretic insight that even though the periods are technologically unrelated, due to incentive considerations principals can benefit from offering long-term contracts...