The aim of this paper is to assess to what extent Keynes, or any other speculator, could ever have used the theory of futures contracts he formulated in the 1920s as the guiding principle for their investment strategy and what light the theory can shed on speculative behaviour. To this end, we...

In spite of some disagreement with Neville Keynes on various methodological issues, from the second to the fourth editions of Principles, Marshall referred the reader to Keynes’s The Scope and Method of Political Economy «for a more full and detailed investigation of the subject». As time...

The idea of incomes policy as a necessary condition for economic planning is sometimes dated back to the La Malfa Note of May 1962, a view which finds confirmation in the papers of Pasquale Saraceno who co-authored the Note, chaired the Experts’ division of the cnpe (Commissione Nazionale per...

This is a unique and detailed book which surveys the diffusion and reception of Alfred Marshall’s ideas and the ways they have influenced the development of economic science up to the present day.

Keynes's work on India before the First World War concentrated on analysis of the gold exchange standard and the stabilization of the rupee external value. Indian monetary arrangements were framed into a plan for foreign investment, implemented by the India Office in London. This policy, which...