This paper provides a comprehensive discussion of Mikhail Tugan-Baranovsky’s 1916 seminal study about the working of cooperatives in a capitalist environment, which, due to historical and linguistic circumstances, has left only a limited trace in the subsequent economic literature in the...

This short paper was written as a contribution to an ESHET roundtable about the links between the history of economic thought and economic policies. The history of the field of development economics illustrates, by its very nature as an essentially applied discipline, how ideas and policies...

The present paper reflects about Michael Woodford’s 2003 Interest & Prices, 20 years after its publication. The paper stresses its role (i) in the transition from a ‘neo-monetarist’ towards a ‘neo-Wicksellian’ framework within the New Keynesian - DSGE paradigm; (ii) in the widespread...

Geoffrey Colin Harcourt’s work on the interface between accountancy and economics is a part of his legacy that is less well known than his work on the capital controversies. This paper argues that the analytical findings of this research effort are an important and integral part of...

The paper discusses how early economists, sometimes informed by Alexander Humboldt’s pioneer detailed report on a tropical country (Mexico), interpreted the connections between natural resources, institutions and growth. The apparent paradox of a negative relation between natural wealth and...

The paper investigates the rise and fall of the disequilibrium approach in macroeconomics between the mid 1960s and the late 1970s. During that period macroeconomists became attracted to the interpretation of unemployment phenomena based on the notion that markets are not in equilibrium. It was...

The paper discusses the League of Nations's project to produce consensus in the interpretation of aggregate economic fluctuations in the 1930s. G. Haberler started working in 1934 at the League of Nations headquarters in Geneva on a broad enquiry that should lead to a synthesis of the several...