Schumpeter had a clear vision of the developing economy, but he did not formalize it. The quest for a germane formal basis is in the following guided by the general question: what is the minimum set of foundational propositions for a consistent reconstruction of the evolving money economy? We...

In this paper we try to elucidate the proper manner to evaluate economic theories and systems within the present financial crisis context. The main lines of argumentation are as follows: appeals to facts cannot settle the liberalism/etatism debate; the deadlock has an important...

Competition is an efficient alternative to regulation for the power transmission network only for peculiar investments in peculiar conditions. The competitive network investments are generally radial and/or create new commercial links in Direct Current between big markets with high and...

Theoretical and historical experience suggests a financial centre may either include a single, consolidated and loosely regulated stock exchange attracting all intermediaries and actors, or a variety of exchanges going from strictly regulated to completely unregulated and adapted to the needs of...

The infrastructure sector has the potential to generate wide differences in profits and economic outcomes. This paper examines financial returns and investment strategies for Britain’s turnpike roads in the early nineteenth century. There are three main findings. First, rates of return on...

At European level, Competition Law is to determine the interpenetration of economies of Member States, without substituting the regulations of the Member States. From the point of view of its application both the relevance to Member States and their economic operators is noticeable. Under...

This article aims to analyze the impact of technological innovation on the organization of the French gambling?s market, previously based on monopolies, through the example of betting. At the turn of the 2000?s, the proliferation of online bookmakers offering products more attractive to french...