The most effective way to silence criticism is a justification on the very terms of the likely critique. When an action is rationally justified, how can reason deny its legitimacy? This paper concerns critical strategies that have been employed for addressing the resistance of rationality to...

The controversy over Ricardo's corn model has focused on the interpretation of his early writings. Here, Ricardo's later use of a corn model example in his dispute with Malthus over gluts is discussed. Malthus's own use of a corn model table in attempting to justify his use of a labour commanded...

The paper addresses Kliman`s criticisms of the observed correlations between prices and labour values. It argues that the notion of spurious correlation is not relevant in this case. It examines Kliman`s own simulations and shows that his statistical correction techniques involve dividing...

In this paper the Purchasing Power Parity (PPP) theory and its criticisms are analysed. The majority of studies show that in most cases, the PPP indicator is not a good predictor for nominal exchange rate changes, nor a good indicator of relative competitiveness between countries. Instead,...