La scienza economica dell'ultimo tentennio, a causa di ripetute e in parte nuove difficoltà delle economie concrete che hanno coinvolto anche gli apparati teorici, si è trovata in difficoltà.

This article deals with Walras? writings on money before the Eléments (1860-1871). The central idea is to point out the progressive appearance of a first explanation of crises within a monetary framework still under construction. From the 1860s onwards, Walras always considered crises as the...

From the 1930s to the 1970s many economists debated the classification of technological progress into neutral, labour- or capital-saving inventions. One of them was R.F. Harrod, who defined neutral inventions as those in which the capital-output ratio remains unaffected at a certain rate of...

From the 1930s to the 1970s many economists debated the classification of technological progress into neutral, labour- or capital-saving inventions. One of them was R.F. Harrod, who defined neutral inventions as those in which the capital-output ratio remains unaffected at a certain rate of...

Clément Juglar is widely perceived nowadays as the pioneer of the theory of the business cycle, the one who developed in the early 1860s the view that economic life follows a rhythmic pattern and thereby lay the main bricks for the evolution of the older theories of crises into a theory of the...

In 1926 Adolf Löwe suggested that business cycle theories are fundamentally incompatible with the idea that the system tends towards equilibrium. Hayek, his disagreement with such a conclusion notwithstanding, recognised that the issue is central to business cycle theorizing, and agreed with...

This article compares the problems arising in the course of the editing of the Interwar Papers and Correspondence (1919-1939) of Roy Harrod and of the materials relating to the preparation (1934-1937) of Gottfried Haberler's inquiry on Prosperity and Depression led for the League of Nations. In...

Books reviewed: John E. King - A History of Post Keynesian Economics Since 1936 Christian Gourieroux And Joann Jasiak - Financial Econometrics: Problems, Models and Methods William Easterly - The Elusive Quest for Growth Mark Skousen - Making Modern Economics Alan D. Woodland - Economic Theory...