Innovation is novelty - it involves doing new things in new ways. So new products, new processes, new organizational methods, new services, and so on, are all part of innovation. Technological innovation transforms and improves the technical attributes and performance characteristics of products...

Abstract Ronald Coase was a founding father of modern law and economics. Yet, Coase distanced himself from the economic analysis of law, which today dominates the law and economics scholarship, and proposed an alternative research program, which is referred to here as “law and the economy”....

After briefly reconstructing the debate in Italy during the period of the marginalist revolution on the correct methodology for the history of economic thought, the article examines De Viti de Marco's position. A historical essay of his (De Viti 1891) on Antonio Serra (1613), becomes the first...

It is a commonly accepted view that the parity theory of forward exchange based on the law of one price was first formulated by Keynes. In this article we assess the preliminary shapes of the interest parity (IP) relation. After reviewing the early beginnings of the IP relation, we investigate...

This paper provides an encompassing portrayal of Thoreau's economic thought. It is analyzed against the background of the history of economic thought and the economic thinking of his time. Thoreau's economic thought is an extensive examination of the ideas of classical political economy, and...

This essay discusses the following two hypotheses. The first one is based on the epistemological proposal which we have named the principle of discontinuity. It asserts that certain developments in the history of economic thought involve theoretical breaks which can only be fully explained by...

Few eighteenth century practitioners of political economy have been as misunderstood or stereotyped as Benjamin Franklin. His economic essays which spanned a sixty-one year period (1729-1790), still create disagreement among scholars even on the doctrinal origins of Franklin's economic ideas. If...