Albert Einstein came to The California Institute of Technology in early 1933 and delivered a speech on the causes of the ongoing economic depression. Soon after that, Irving Fisher sent the German physicist his recent book Booms and Depressions, depicting the crisis as a monetary phenomenon. An...

This paper explores the connections between the theories of the Stockhom School and the economic orthodoxy of the 1930's. First, we reconstitute the classical, Cambridge and Wicksell's conceptions on saving and its relations with investment. Next, we define the unifying principle behind the...

In The Economics of Imperfect Competition Joan Robinson proved that unemployment was not due to market imperfections, because under different conditions imperfect markets are able to employ more than, less than or the same number of workers as perfect competition. Nevertheless, imperfections are...

The present paper is part of a not yet concluded research. It explores the hypothesis that the mathematical formalizations of The General Theory of Employment, Interest and Money (Keynes, 1936) developed by Roy Harrod, John Hicks, David Champernowne, Brian Reddaway and James Meade represent...