António Oliveira Marreca was a Portuguese economist from the mid 19th century as well as a professor of political economy for a brief period. At a certain stage, his deviation from the prevailing liberal canon became apparent as he moved closer to the perspectives of a “national system of...

Our goal in this paper is to shed light on a forgotten contribution to Brazilian economic thought, that is Victor Viana's 1922 book Histórico da Formação Econômica do Brasil (Brazilian Economic Formation's Timeline). That book never got a second edition, and is rarely referenced among both...

Chapter 12 of Keynes´ General Theory has concepts and analytical links with strong identification with the ones used by the so-called institutional approaches. This essay emphasises what seems to have been anticipated by Keynes on the research core of institutional economics, mainly based on...

This paper discusses Herbert A. Simon’s conception of rationality in two of its principal general definitions: bounded rationality and procedural rationality. It argues that the latter is the one that better synthesizes the author’s view about rational behavior and that the former fills...

This paper proposes that, in spite of some fundamental invariant aspects, the way of exposition of the Minsky's work central concept - the so called Financial Instability Hypothesis - changed significantly throughout his academic productive period; furthermore it assesses the traditional way this...

This paper assesses Pigou's theories of industrial fluctuations and employment according to the orthodoxy prevailing in the 20's and 30's of the twentieth century. Firstly, we review the conceptions on the economic cycle prevailing during the inter-war years and their inner connections with the...

This paper contemplates the evolution of Pigou´s stance towards the Keynesian Revolution. Preliminarily, a brief contrast between his and Keynes´s approach to the problem of unemployment is made. After that, Pigou´s first reactions to The General Theory are presented, along with the rejoinder...