The purpose of this chapter is to assess what can still be learnt from Sraffa's study of a surplus economy. Since the 1960s, drastic changes have occurred in our real economic system and in the meaning of what can be still called the global reproduction of this system. Today it is therefore...

While a great power in the eighteenth century, France fell behind Britain's lead in modernizing her macroeconomic institutions. This paper examines the development of French macroeconomic institutions from the middle ages to the eighteenth century in a comparative framework. Theories of optimal...

This paper argues that corruption in Russia is systemic in nature. Low wage levels of public officials provide strong incentives to engage in corruption. As corruption is illegal, corrupt officials can be exposed any time, which enforces loyalty towards the powers that be; thus corruption is a...