Showing 1 - 10 of 15
The economic thought of Jean-Jacques Rousseau has often been reduced to some pieces on money, inequalities, luxury and autarky. Compared to contemporary writings of Quesnay, Smith or Hume, it has been considered for long as backward. Jean Mathiot has however shown that, far from being...
Persistent link: https://www.econbiz.de/10008578749
The Jean-Joseph Graslin?s Essai analytique sur la richesse et sur l?impôt [1767] is at the same time one of the most brilliant critical analysis of physiocracy and the synthesis of a systematic thought which announces the sensualist political economy of the end of the Ancien Régime. The...
Persistent link: https://www.econbiz.de/10008578865
The part of literature concerning monetary theory which focuses on payments system corresponds to a specific tradition. This article seeks to state the peculiar place held in it by James Steuart when, in the XVIII th century, cash payments and partial money keep on ruling. Among the very first...
Persistent link: https://www.econbiz.de/10008578653
The purpose of this paper is to investigate the reasons why interest loan was prohibited or strictly regulated in European History, by all three monotheisms as well as by the Aristotelian tradition, and the Roman, Canonical and Civil medieval laws. The hypothesis, which is the basis of this...
Persistent link: https://www.econbiz.de/10011187975
The paper is a brief account of Georges-Théodule Guilbaud?s (1912-2006) contributions to contemporary aggregative theories. An unnoticed precursor, Guilbaud anticipated on the algebraic conception of aggregation and on the more recent judgment aggregation theory, which generalizes social...
Persistent link: https://www.econbiz.de/10010854234
This paper analyzes how economic history and cliometrics can improve our understanding of the financial crises. We discuss the contributions of authors like Reinhart and Rogoff, Bordo and Eichengreen. According to Reinhart and Rogoff the recent crisis is similar in many aspects to former...
Persistent link: https://www.econbiz.de/10009386598
Hayek regards complexity as specific to spontaneous orders or self-organizing structures. These orders are characterized by the phenomena of irreducible ignorance and emergence (of new properties of the whole which its separate parts do not possess) and by the incapacity to handle them. Their...
Persistent link: https://www.econbiz.de/10008632709
J.S. Mill is generally considered to be the theorist who gave birth to the concept of natural monopoly in its modern sense. Yet, no author has specified that Mill distinguishes two types of monopoly, the ?natural monopoly? and the ?practical monopoly?. I show that Mill?s notion of ?practical...
Persistent link: https://www.econbiz.de/10008577541
In this article, we study the motives which drive an entrepreneur to innovate according to Jeremy Bentham [1748-1832]. We show that the innovator, called at this time the projector, can be considered through the prism of the theory of expected utility, but not as a risk-lover: it is not the game...
Persistent link: https://www.econbiz.de/10008578430
In a closely argued book, Patinkin [1982] has concluded that Michal Kalecki did not anticipate the General Theory. The three main arguments developed by Patinkin are discussed with reference to his interpretation of Keynes?'s General Theory. Focused on Kalecki?'s 1934, article, that Patinkin did...
Persistent link: https://www.econbiz.de/10008578748