According to Marshall, Cournot did not realize that competition was incompatible with increasing returns. This critique, later reasserted by Sraffa, is groundless. These pages explain why.

These days, deep as we are in a depression similar to that of 1929, it is worth looking again at Say’s law as interpreted by Jenkin, Pareto and Einaudi. What they have in common is the idea that the development of production is closely linked to the growth and fickleness of human wants. It...

In his 1896-1897 Cours, Pareto had generalized Ricardo’s comparative costs theory by adding the traders’ ophelimity. In the 1906 Manuale and the 1909 Manuel he used his more general theory to contrast Bastable’s thesis according to which all traders always gain from international trade...

A review essay of Ivo Maes, Half a Century of European Financial Integration. From the Rome Treaty to the 21st Century, Brussels, Mercatorfonds, 2007, pp. 128.