In a recent paper ( Fiorito & Vernengo, 2009 ), the present writers have dealt with John Maurice Clark's contribution to macroeconomics in the 1930s with a special, but not exclusive, emphasis on its relationship to the Keynesian revolution. The general framework of Clark's aggregate analysis...

The notion that asset diversification reduces risk is ancient and can be traced as far back as the Talmud which states, “A man should always keep his wealth in three forms: one-third in real estate, another in merchandise, and the remainder in liquid assets” ( Baba Metzia , verse 42a)....

Professor Dewey's pragmatism always strikes me as fundamentally ambiguous, oscillating between a conception of knowledge as “technique,” essentially a biological function, and some vague mystical conception of it in terms of “shared life” or “shared experience.”( Knight, 1936, p. 230 )

The first Poor Laws date back to the 16th century. One would have to go back to 1495 and 1531 to locate the first legislation (displaying above all a repressive character), in which vagabonds were punished, all public begging was outlawed and the poor were required to participate in public...

George Loewenstein, a prominent behavioral economist, recalls thatIn 1994, when Thaler, Camerer, Rabin, Prelec and I spent the year at the Center for Advanced Study in the Behavioral Sciences, we had a meeting to make a kind of final decision about what to call what we were doing. Remarkably, at...

The relationship between the economy and wider social structures and the extent to which these could be studied independently were important issues for both Marshall and Schumpeter. Marshall had clear views on the issue. As noted in the chapters by Arena, Hodgson, and Nishizawa, for Marshall,...

The memorial is an account of Smith's personality and work by a former and favored student. It is a sustained personal reminiscence backed by the reminiscences of others who admired Smith together with an account of Smith's working practices and of his main texts. It is in this sense subjective...