Eralier this year, Mario Pomini published an interesting book titled The Paretian Tradition during the Interwar Period: From Dynamics to Growth (London: Routledge pp162, $140.00, ISBN: 978-0-415-66140-9). In this brief paper, prepared for the History of Economic Thought and Policy, I review...

We present cross-country evidence that a country’s macroeconomic volatility, measured either by the standard deviation of output growth or the occurrence of trend-growth breaks, is significantly affected by the country’s historical variables. In particular, countries with longer histories of...

As a large emerging economy, China is exploring to establish a carbon pricing system to mitigate greenhouse gas emissions. The electricity sector which generates the greatest amount of China's carbon dioxide (CO2) emissions should be covered by such a carbon pricing system. The review of the...

In this historical review we distinguish between two broad categories of value theories, objective and subjective, which focus respectively on the conditions of production and on the preferences of consumers. The objective approach to value theory is discussed with respect to classical political...

Interest in the political and economic consequences of transparency has grown significantly over the past decade. The literature, however, has been hampered by methodological issues over what actually constitutes ‘transparency’, as well as the lack of a quantitative indicator that has...

In 1955 the Accademia Nazionale dei Lincei awarded the inagural Internazionale “Antonio Feltrinelli” Premio per le Scienze Economiche e Sociali to Arthur Cecil Pigou. This paper provides some context to the episode and considers the establishment of the prize; the membership of the 1955...

The retreat from public ownership of service firms and industries has left behind numerous private monopolies and oligopolies supervised by regulatory agencies. Services industries in government and private ownership generate two-thirds of Australia’s value added, while the newly privatised...

Sustainable development encompasses achieving economic development while maintaining social solidarity and environmental stewardship. Present studies campaign for the agenda of women empowerment for sustainable development in Bangladesh since women are one of the largest disadvantaged groups in...

While there is much controversy over exchange rates, particularly between the large, advanced economic regions, arguably more important real exchange rates receive comparatively little attention. Traditionally, these are seen to be influenced in the long run by forces that return economies to...

Many scholars have argued that the huge increase in regional inequality in China can be attributed greatly to the disparity in industrialization. This paper contributes to the literature by providing empirical evidence on the transitional dynamics of industrial output by employing a new...