The distinctive line of argument in Hayek' business cycle theory can be characterized as a combination of the Cantillon effect monetary expansion on the price structure and the Ricardo effect of a shortage of consumption goods on the production of investment goods. This paper compares the...

The article provides an account of the debate that took place between the late 1920s and the mid 1930s between the Scandinavian economists Johan Åkerman and Ragnar Frisch about the quantitative treatment of aggregate economic fluctuations. Although both interpreted the business cycle as an...

The 1920s and 1930s were years of intensive debate about economic dynamics and stabilisation policies. There was a large variety of explanations of cycles and depressions, and Keynes' <italic>General Theory of Employment, Interest and Money</italic> (1936) was pitched against them. In 1937, followed three...

<title>Abstract</title> The development of economics since 1945 was marked by an increasing internationalization that was simultaneously in large part a process of Americanization. This article focuses on the role refugee economists from Continental Europe played in the rise of American economics. It focuses...

<title>Abstract</title> The paper deals with the abolition of the Ottoman university and the reopening of Istanbul University in 1933, and the dismissal of many scientists in Nazi Germany. This allowed the Turkish government to invite a large group of these scholars to the benefit of the academic endeavours of...

<title>Abstract</title> The paper focuses on the reception of Fisher's <italic>Purchasing Power of Money</italic> in the German language area. Despite widespread hostility of German economists to quantity theory, it was Germany where Wicksell's <italic>Interest and Prices</italic> was published in 1898, and the first foreign language...