Despite Böhm Bawerk early hints, few contributions deal with the fact that production takes time –so that in each period a share of workers is allocated to build the capacity that will feed the future production of consumption goods- and its consequences, which are relevant, in terms of cost...

The debate on the financial crisis risks to hide the black holes which are nested in accepted theories and policy guidelines. Among such black holes there are important issues: how money is created in a growing economy, which is the role of wealth assets not linked with current production, which...