We point out that the two and half years of negotiation (1692-1694) between a group of investors and the English government, who led to the establishment of the Bank of England, aimed to guarantee the liquidity of a new public debt and not to establish a bank. We analyze the evolution of the...

The methods England took to restructure its public debt during the British Financial Revolution consisted of improving liquidity. Accordingly, the State sought to reestablish its solvability by basing its debt on tax revenues as well as to homogenize it, reduce its cost and improve the operation...

The methods England took to restructure its public debt during the British Financial Revolution consisted of improving liquidity. Accordingly, the State sought to reestablish its solvability by basing its debt on tax revenues as well as to homogenize it, reduce its cost and improve the...

The paper is a survey of the Aumann's and Schelling's main contributions to game theory. For Aumann, a distinction is made between his works devoted to cooperative and non cooperative games. As for Schelling, pure coordination games and focal points are underlined on one hand, and the collective...

J.S. Mill is generally considered to be the theorist who gave birth to the concept of natural monopoly in its modern sense. Yet, no author has specified that Mill distinguishes two types of monopoly, the “natural monopoly” and the “practical monopoly”. I show that Mill's notion of...

This comment deals with Lipietz's presentation of a solution which had been proposed to the transformation problem. Lipietz's account can be criticized in two respects. First, his attempt to integrate the familiar Morishima-type approach with the newer one is based on a confusion between the...

Hayek draws the general lines of an analysis of economic knowledge in taking up two different directions. On the one hand he draws his attention on the knowledge used by the agents in the course of the economic process; on the other one he seeks for the theoretical knowledge required to explain...

Considers the contribution of Attilio da Empoli to the theory of value and distribution and especially his contribution to the theory of monopolistic competition. During the 1920s a lively discussion developed about the link between the cost structure of the individual firm and the degree of...