Purpose – In speeches and testimonies, Alan Greenspan claimed intellectual links between his financial policies and the ideas of Milton Friedman and Joseph A. Schumpeter on banks, central banks, and financial crises. As the financial crisis deepened in 2008, Greenspan admitted that his...

Purpose – Because belief in a supernatural agent with extraordinary power is rooted in psychology, Veblen's instinct psychology was the essential basis for his evolutionary economics of religion. The innate behavioral traits that Veblen called instincts in human nature are now recognized in...

This vital new Handbook is an authoritative volume presenting key issues in finance that have been widely discussed in the financial markets but have been neglected in textbooks and the usual compilations of conventional academic wisdom.

Purpose – The purpose of the paper is further clarify Veblen's views on globalization with insights derived from international trade in the alternative socio-economic order envisioned in Bellamy's utopian novel Looking Backward. Design/methodology/approach – After reviewing the intellectual...

Joseph A. Schumpeter advocated a corporatist principle of economic organization enunciated by Pius XI in the encyclical Quadragesimo Anno . Schumpeter insisted that a corporatism of associations could provide social leadership and economic co‐ordination to ensure a stable, high employment...

Alan Greenspan claims that modern financial innovations, especially financial derivatives, were major contributors to a Schumpeterian process of 'creative destruction' which produced a high-growth 'New Economy' and opposes their regulation. A different perspective emerges when it is recognised...