In fall 1935, Abraham Wald presented a fixed-point proof of a general equilibrium model to Karl Menger's Mathematical Colloquium in Vienna. Due to limited space, the paper could not be printed in the eighth proceedings of the Colloquium (the Ergebnisse) published in spring 1937 but was scheduled...

In 1973 Sir John Hicks published CAPITAL AND TIME: A NEO-AUSTRIAN THEORY. This was his third book with the word "capital" in its title, the first being his classic VALUE AND CAPITAL [1939] and the second being CAPITAL AND GROWTH [1965]. It departed significantly from his earlier work by assuming...

In fall 1935, Abraham Wald presented a fixed-point proof of a general equilibrium model to Karl Menger's Mathematical Colloquium in Vienna. Due to limited space, the paper could not be printed in the eighth proceedings of the Colloquium (the Ergebnisse) published in spring 1937 but was scheduled...

In fall 1935, Abraham Wald presented an existence proof for a general equilibrium of exchange model to Karl Menger's Mathematical Colloquium in Vienna. Due to limited space, the paper could not be printed in the eighth proceedings of the Colloquium (the Ergebnisse) published in spring 1937 but...

Dr. B. R. Ambedkar (April 14, 1891—Dec. 6,1956) was a leader, scholar and activist of the depressed classes known as untouchables, or Dalits (meaning the ‘oppressed’ or ‘crushed’). He appeared on the Indian socio-political scene in the early 1920s and remained in the forefront of all...

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...

The meaning is clear: The Student is submitting to the will of the higher authority, for the sake of making more money. Will that behavior also just as easily transfer to the political will of higher authority, to induce the Students to unthinkingly repeat the painful atrocities of the past,...

This article describes the argumentative structure of Hayek on the relationship between power to tax and the progressive tax. It is observed throughout its work giving special attention to two works: The Constitution of Liberty (1959) and Law, Legislation and Liberty, vol3; The Political Order of...

This is an unpublished document on the history of Italian economic planning in the 1970s: a letter of the Italian minister Ugo La Malfa to Claudio Napoleoni

Milton Friedman's longstanding advocacy in favor of floating exchange rates has contributed to a mistaken belief that he opposed currency board regimes or outright dollarization. Nothing could be further from the truth. Over a period of almost five decades Friedman consistently made it clear...