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This article revisits the reasons why Leon Walras did not give enough consideration to the economic and social analysis of Adolphe Landry. Both were fervent defenders of socialism and their recommendations for social economics are based on thorough economic analysis. We show that Walras did not...
Persistent link: https://www.econbiz.de/10010584279
In his work Arbeit und Boden (Labor and Land) (1889) Otto Effertz outlined the foundations of a "Ponophysiocracy". This book which in its final, strongly modified version Les Antagonismes économiques was published in 1906, had a stronger impact on Adolphe Landry, who praises as well as...
Persistent link: https://www.econbiz.de/10010876308
The paper provides a critical assessment of Adolphe Landry’s contributions to the theory of capital and interest. His analysis represents one among several variants of marginal productivity theory. The distinguishing feature of his variant is that he considers entrepreneurship a scarce factor...
Persistent link: https://www.econbiz.de/10010584274
In the two decades before World War I, Irving Fisher and his French contemporary Adolphe Landry presented and extended Boehm-Bawerk’s theory capital and interest, although both of them criticized Boehm-Bawerk’s concept of an average period of production. They analyzed each other’s work on...
Persistent link: https://www.econbiz.de/10010584277
Classical economists - mainly Smith, Ricardo and J.S. Mill - abhorred public debts because of their interference with capital accumulation. J.S. Mill in particular envisaged that a rising public debt leads to higher interest rates and falling real wages, a combination which may be consistent...
Persistent link: https://www.econbiz.de/10010876311
It is not so much known that before being a famous demographer Landry first contributed to political economy. Several scholars such as Edmund Malinvaud emphasized that it is not in doubt that Landry "revealed himself as a gifted theoretician". Supporting this view, the objective of this paper is...
Persistent link: https://www.econbiz.de/10010584276
The paper focuses on Marshall’s ideas of the economic and socio-ethical progress, of the development of man’s higher faculties, and of people’s welfare and improvement of their quality of life. The studies on economic and social progress with prospects for the elimination of human poverty...
Persistent link: https://www.econbiz.de/10010535622
The introduction of new technology may have significant effects on the level of employment and the real wage rate; effects that have received considerable attention even from the economic thinkers of the classical period. This paper aims to analyze and evaluate the various views and arguments of...
Persistent link: https://www.econbiz.de/10010535628
The paper deals with the historical reconstruction of the relation between the Austrian economist Emil Sax and the Italian economists of his generation. It is focused on three episodes. The first concerns the introduction of marginal analysis in public finance, seeing the works of Maffeo...
Persistent link: https://www.econbiz.de/10009002832
The International Encyclopaedia of Unified Science, 1938-1969 (promoted, above all, by Otto Neurath in Vienna and Charles Morris in the United States) was based on the feasibility of building a "unified science" and it was carried on through the publication of a special "encyclopaedia" to show...
Persistent link: https://www.econbiz.de/10010700882