Keynes made harsh and repeated attacks on the work of Ricardo, blaming him particulary for what Keynes called the 'classical theory' of interest. Garegnani and others argue that Keynes' criticisms of the classical theory of interest apply to later neoclassical writers, but not to Ricardo. This...

Adam Smith's ‘natural price' has long been interpreted as a ‘normal price' or ‘centre of gravitation price' based on the famous gravitation metaphor of the Wealth of Nations I.vii, natural in the sense that it is the price that would result if competition were truly free,...

History suggests that once alliances have successfully accomplished their objectives, they quickly come to an end. The peaceful dissolution of the Soviet Union, however, did not lead in parallel fashion to the rapid demise of the anti-Soviet transatlantic alliance. The subject of this paper is...