In their latest book (2008), Bruno Frey and the members of the research group he chairs at the University of Zurich announce that happiness research is leading a revolution in economics. More precisely, the revolutionary character of happiness economics would draw on measurement, on how people...

Behavioural Economics’ milestones, Endowment Effect and Loss Aversion, have been recognized as ‘well documented,’ ‘robust,’ and ‘important’ even by the critics. But well documented, robust, and important what? Are these stylized facts, theoretical constructs, or psychological...

In the paper, we revisit the focus and method of 'Indian Currency and Finance' (1913) and the rationale of Keynes's proposal for an international monetary system combining cheapness with stability. In particular, we centre on the management of exchange reserves and the pattern of relationships...

In one of the most famous passages of economic literature, John Maynard Keynes (1936, p.156) likens the stock market to a beauty contest in which the winners are those who anticipate the average opinion. Recently there have been attempts at investigating the BC experimentally (Nagel 1995, Duffy...

This note responds to Butos & Koppl's comment on Carabelli & De Vecchi (2001a). We acknowledge the many points of agreement between our own views on Keynes and Hayek and those of Butos & Koppl (especially as regards Hayek). Here we clarify some points of ours which have been challenged by Butos...

The paper provides a methodological reading of Keynes’s "The Economic Consequences of the Peace." Drawing on the close interdependence between theory and method in Keynes's economics, which he considered as a branch of logic, a correct way of reasoning about a complex economic material, we...

By stressing the substantial continuity of vision between John Maynard Keynes’s early unpublished essays and his more mature writings, the paper discusses Keynes’s ethics and focuses on his thoughts about happiness. In particular, we emphasize the anti-utilitarianism of Keynes’s vision and...

Since the second half of the 1990s the Italian economy has experienced a significant slowdown in the rate of economic growth. The “dwarfism” of its manufacturing firms, their specialization in traditional sectors and their organization in industrial districts have been identified by many...

The themes of this important new volume were chosen to mark the 75th anniversary of the publication of The General Theory of Employment, Interest and Money. The distinguished authors concentrate on the relevance of this seminal publication for macroeconomic theory, method and the politics of...

Offering a view of the other side of the liquidity-issue, the paper elaborates on the concept of “ fear of goods” in Keynes’s thought. It therefore illustrates numerous evidences of “fear of goods” in his economics , and aims to show that the notion might be considered as playing a...