The theoretical legacy of Carl Menger involves works on value, capital and the origin of social institutions. There is a huge literature on Menger, that has been growing since Schumpeter wrote his short article on the founding father of Austrian Economics in 1921. Reavaliations concerning the...

Paolo Sylos Labini’s Oligopoly Theory and Technical Progress (1957) is considered one of the major contributions to entry-prevention models, especially after Franco Modigliani’s famous formalization. Nonetheless, Modigliani neglected Sylos Labini’s major aim when reviewing his work (1958),...

The interest-rate controversies between Böhm-Bawerk and Fisher have attracted little attention and, in the opinion of most commentators, justifiably so. Böhm-Bawerk and Fisher argue over what appear to be two minor issues – Böhm-Bawerk's claims that his third cause of interest (productivity...

The present essay investigates F.A. Hayek’s epistemology and his methodology of sciences of complex phenomena for implications relevant to an explanation of Hayek’s own so- called “epistemic turn.” The thesis defended here is that Hayek’s dissatisfaction with his technical economics...

The collapse of USSR has stimulated a huge scholarly debate on socialist alternatives. This paper surveys four rounds of the debate on market and planning in the transition towards socialism: the socialist calculation debate (Barone, Mises, Lange and Hayek), market and plan in the Soviet...

F. A. Hayek took two trips to Chile, the first in 1977, the second in 1981. The visits were controversial. On the first trip he met with Genera l Augusto Pinochet, who had led a coup that overthrew Salvador Allende in 1973. During his 1981 visit, Ha yek gave interviews that were published in the...

Several authors have detected a paradigm shift in contemporary science: from a reductionist or mechanicist approach to a holistic or systemic one. This transition in paradigms should be perceptible in several disciplines, starting in biology and extending itself to others areas. In light of the...

This paper presents Notebook B113, one of Marx’s unpublished manuscripts, and suggests its importance for highlighting the monetary and financial issues which Marx was investigating after 1867. A combination of deciphering an index prepared by Marx and reading the 1868 editions of The...

The paper presents the history of the contribution of two American economists to a radical cause: the establishment of a socialist and politically united Africa. The setting is 1960s Ghana which under Kwame Nkrumah, the man who led the country to independence from British colonial rule, emerged...

Ben Bernanke researched monetary policy for over 25 years prior to becoming a policymaker, and his two-term career as Chairman of the Federal Reserve featured a severe recession coupled with a nancial crisis, a chief subject of Bernanke's research. His reaction to economic events is noteworthy...