In 1955 the Accademia Nazionale dei Lincei awarded the inagural Internazionale “Antonio Feltrinelli” Premio per le Scienze Economiche e Sociali to Arthur Cecil Pigou. This paper provides some context to the episode and considers the establishment of the prize; the membership of the 1955...

This paper assesses Pigou's theories of industrial fluctuations and employment according to the orthodoxy prevailing in the 20's and 30's of the twentieth century. Firstly, we review the conceptions on the economic cycle prevailing during the inter-war years and their inner connections with the...

This paper provides evidence on how Keynes devised a mathematical framework for his system of probability, which he called «approximation», in A Treatise on Probability, 1921. Keynes used standard conditional, mathematical probability to duplicate Boole’s results in the Challenge problem. He...

This paper reconstructs how Keynes managed to formally develop the concept of aggregate supply in chapter 20 of the General Theory. As a preamble, the first section recaps Don Patinkin’s long struggle to devise the correct expression for the so-called Z curve while, at the same time, he...

O artigo examina as posições dos economistas clássicos no tocante à concorrência e às propostas socialistas da época. Após breve relato da evolução do ideário socialista na Inglaterra e França, apresentam-se as observações de Smith, Bentham, James Mill e Ricardo sobre a condição...

This paper deals with the debate which opposed Sismondi and the Ricardian economists, in the first half of the nineteenth century, on the equilibrium of markets, the role of competition and the effects of machinery in industrial societies. At the initial section, the main content of Sismondi?s...