The conventional version of Austrian business cycle theory focuses on a temporary imbalance between natural and monetary rates of interest. When, because of the role of monetary authorities in defining the monetary rate, the two values are in a situation of imbalance, the resulting expansion...

While in the early 1930s Keynes and Hayek were the major figures in a heated academic debate about money and capital, in which Keynes also and especially involved the Italian Piero Sraffa, it might seem at first sight that the Austrian economist set aside an organic demolition of the ideas...

Italian Abstract: Questo articolo mostra l'influenza di Wesley N. Hohfeld sul pensiero di J.R. Commons, uno delle figure principali del Vecchio Istituzionalismo. Sia Hohfeld sia Commons offrono un contributo nella comprensione della natura rivale delle relazioni giuridiche. L'articolo tenta di...

The aim of this paper is to supply both a description and an interpretation-key of the recent developments in the Austrian Economics, with particular attention for the role played by the concept of «entrepreneurial discovery». Without knowing exactly «what» he is looking for and without...

Maffeo Pantaleoni’s concepts of “political prices” and “economic prices” explore institutional change and the dynamics of rent-seeking society. He distinguishes between “objective” discriminations, which conform to the reproductive logic of an institution, and those that are...

Maffeo Pantaleoni’s concepts of “political prices” and “economic prices” explore institutional change and the dynamics of rent-seeking society. He distinguishes between “objective” discriminations, which conform to the reproductive logic of an institution, and those that are...

This paper comments the content and methodology of an article published in 1907 by Rodolfo Benini, an Italian statistician active at the beginning o last century, that is credited by Carl F. Christ (A.E.R., 1985)to have been the first to use multiple regression as an instrument of applied demand...

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The paper examines the development over time of Marshall's theoretical position, with the purpose of assessing its place in the history of economic thought. Marshall's work, concerned with the theoretical implications of structural changes in the British economy after the industrial revolution,...

The aim of this paper is to call attention on some writings of the early 1930s by D.H. Robertson and J.R. Hicks. These writings present, with a clarity not easily found elsewhere, the two reasons why marginalist economist, who till the last three decades normally treated capital as a single...