The article, written shortly after the departure of the sterling pound from the Gold Standard in September 1931, gives an extremely critical viewpoint on British monetary and economic policies in the Twenties, substantially agreeing with the views expressed by Keynes during the previous decade....

The article amends the theses supported by Tagliabue and recalls those advanced in the article written, again by Francesco Vito, in 1931 (‘‘The Question of High Wages and a Proposal by J.M. Keynes’’, RISS, pp. 194-203). The author maintains that the English crisis regarded the conditions...

The article amends the theses supported by Tagliabue and recalls those advanced in the article written, again by Francesco Vito, in 1931 (‘‘The Question of High Wages and a Proposal by J.M. Keynes’’, RISS, pp. 194-203). The author maintains that the English crisis regarded the conditions...

Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...

This article was written following the Gold Standard suspension by the United States in March 1933. The author discusses the correlation between the sharp decrease drop in the price of goods and the parallel increase in the price of gold, suggesting that the these processes are rooted both in...

This article was written following the Gold Standard suspension by the United States in March 1933. The author discusses the correlation between the sharp decrease drop in the price of goods and the parallel increase in the price of gold, suggesting that the these processes are rooted both in...

This paper deals with the rift between the nominal economy and the evolution of the real economy, which represented the main structural cause for the international crisis (since 2007/2008), followed by a prolonged recession and a stagnant growth rate. Analysing the causality and implications of...

The paper considers three methods for eliminating the zero lower bound on nominal interest rates and thus for restoring symmetry to domain over which the central bank can vary its policy rate. They are: (1) abolishing currency (which would also be a useful crime-fighting measure); (2) paying...

This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...

This paper surveys the monetarist position on various aspects of American monetary policy in an informal way and provides the personal reactions of a participant observer in this debate. It emphasizes the intellectual milieu in which monetarism emerged, the background factors that facilitated...