"'Keynes' Chapter 3 on 'The Principle of Effective Demand'", schreibt Patinkin (1979a, S. 155), "is at one and the same time the most important and the most obscure chapter in the General Theory: most important, because it contains the major innovation of the book…". Und obskur ist es in der...

In 1913 – following a 40-year period during which prices steadily declined for the first 25 years and then rose by 50 percent in the remaining 15 – Irving Fisher presented his compensated dollar plan for stabilizing the price level. This presentation had many puzzling features, starting with...

The paper is a contribution to a series of recollections and reflections on the professional experiences of distinguished economists which the BNL Quarterly Review started in 1979. The economic and social problems associated with the depression in the 1930s were prevalent in Don...

The paper is a contribution to a series of recollections and reflections on the professional experiences of distinguished economists which the Banca Nazionale del Lavoro Quarterly Review started in 1979. The economic and social problems associated with the depression in the 1930s were prevalent...