This work analyzes the Argentinean financial system reform of 1977. Through this reform the militar government deepened the structural change that they have already started with the Coup D´etat in March 1976. The new scheme benefited strongly Capital in the functional income distribution,...

From ancient times to the modern world, "The Shortest History of Economics" (published in the United States as "How Economics Explains the World") discusses the hidden economic forces behind war, innovation and social transformation. It traces how capitalism and the market system emerged, and...

Chronic inflation is argued to be politically destabilizing. We examine data on inflation and political instability that goes as far back as 500 years. Although the behavior of both prices and political rebellion have changed over these five centuries, and enduring relationship between price and...

We present an empirical restatement of the classical economic theory of imperialism and the origins of World War I. Using recent data, we show 1) inequality was at historical highs in all the advanced belligerent countries at the turn of the century, 2) rich wealth holders invested more of their...

Michael D. Bordo has helped to define the modern field of monetary history, drawing from it important policy lessons for current practitioners. For his seventieth year, we survey his contributions to our understanding of the Great Depression, money and the economy in historical perspective,...

The development of economic thought in the Islamic tradition started since the beginning of the first century of the Hijrah. This period is a time when the scientific works about how to achieve economic progress and strengthen the country through foreign trade intangibles movements in the West,...

This paper discusses different meanings and ambiguities of “neoliberalism” as a concept. Three dimensions of this concept as an economic doctrine, principles of economic policies (Washington Consensus) and a particular type of accumulation regime (post-Fordism) are explored. It also explores...

The State Aid to Industries Act passed in 1923 seemed to epitomise the spirit of the Indian Industrial Commission that active promotion of industry was a legitimate function of the government. But 12 years later the Public Accounts Committee of the Madras legislature held that the act had not...

Credible analyses and evidence submitted by experts from universities, international organizations and independent think tanks show that the trends which led to the 2008 worldwide financial crisis remain intact. As a result, central for responsible leaderships should be the concern how to...

The world economy is still suffering the crisis, considered the most severe since the Great Depression, where economic downturn at historic magnitude and many countries across the globe, irrespective of their development level, are still under strain dealing with this crisis. The severe global...