This is an essay on the philosophy of science and the methodology and historiography of political economy. It deals with theory appraisal and with the question of which rules, if any, should deal with the search for progress in economic knowledge. (Here is the portion of the essay written by...

In this article the debate between Prof. Augusto Graziani and the author on the monetary theory of production is carried further on. The main purpose of the paper is to delineate - along Keynesian lines and in opposition to the theory of the credit money circuit - a consistent and realistic view...

The article is concerned with the critical assessment of the theoretical work of the late Italian economist Claudio Napoleoni (1924-1988). The author reviews some recent works on the subject and underlines his points of consent and dissent from them. The latter relate with the interpretation of...

This article deals with a theoretical point: the alleged consistency of the Marxian notion of exploitation with the Sraffian theory of prices. The problem is examined in a historico-critical perspective. The discussion is centred on the idea that in a circular model of production with vertically...

This essay provides a simple, non-technical reformulation of Marx’s theoretical treatment of value and capital. It implies the abandonment of the ‘pure’ labour theory of value and of the ‘new value’ equality between the net product of the economy and the living labour employed in...

This is a review-article on a book on the history of political economy in Italy from the 16th century up today, written by Riccardo Faucci, a known Italian historian of economic thought.

This is a theoretical analysis of the role of money and other less liquid financial assets in the financing of the private sector of a market economy. It is concerned, basically, with the functional relations between households, firms, banks and other financial institutions, and with those...

This is a review-article of a book by Roberto Romani on the economic thought of Italian Risorgimento. The article deals with methodological and historical aspects concerning the economic literature of the period.

Marshall's theory of capital was designed to serve two main purposes: an integration of the theory of income distribution into a general theory of value and the closing of the gap between economic theory and business practice. For the first purpose, capital was considered the reward for the...

This is a review-article of a collection of essays written by monetary circuit theorists in honour of Augusto Graziani, edited in 2005 by G. Fontana and R. Realfonzo with the title "The Monetary Theory of Production: Tradition and Perspectives", for Palgrave Macmillan.