This article deals with Walras? writings on money before the Eléments (1860-1871). The central idea is to point out the progressive appearance of a first explanation of crises within a monetary framework still under construction. From the 1860s onwards, Walras always considered crises as the...

From the 1930s to the 1970s many economists debated the classification of technological progress into neutral, labour- or capital-saving inventions. One of them was R.F. Harrod, who defined neutral inventions as those in which the capital-output ratio remains unaffected at a certain rate of...

From the 1930s to the 1970s many economists debated the classification of technological progress into neutral, labour- or capital-saving inventions. One of them was R.F. Harrod, who defined neutral inventions as those in which the capital-output ratio remains unaffected at a certain rate of...

John Wade formulated, in 1826 and 1833, two models of cyclical fluctuations most likely to be the first in the literature. They are fully endogenous, based on a cobweb-like mechanism affecting not agricultural production, as was customary at the time, but manufacture. Wade's earlier model relies...

The influence of political developments on the evolution of economic thought is the main theme behind this book. As the authors reveal throughout the book, history has shown many times that political events can trigger the formulation of new economic conceptions that in turn influence the future...

Cet article étudie la théorie des crises développée par Louis-Amable Petit (1868) relativement aux autres théories semblables alors présentes dans la seconde moitié du XIX^e siècle. Adversaire de la loi de Say, Petit propose une explication endogène des crises fondée sur les...

Clément Juglar is widely perceived nowadays as the pioneer of the theory of the business cycle, the one who developed in the early 1860s the view that economic life follows a rhythmic pattern and thereby lay the main bricks for the evolution of the older theories of crises into a theory of the...