The article investigates Wicksell's change of mind about the machinery question between 1890 and 1900/1901. Wicksell at first sided with the so-called “compensation theory” that workers are not harmed by the introduction of machinery. In his lecture notes of April 1900, made available here...

In his work Arbeit und Boden (Labor and Land) (1889) Otto Effertz outlined the foundations of a "Ponophysiocracy". This book which in its final, strongly modified version Les Antagonismes économiques was published in 1906, had a stronger impact on Adolphe Landry, who praises as well as...

The publication of Miti e paradossi della giustizia tributaria in 1938 originated an important epistemological debate between Einaudi and Fasiani. In Miti e paradossi, "useful’projects are considered as part of the scientific approach, and science has an interest in good governance and in the...

The Austrian school of economics is generally considered an antiwar school. The Austrian view is not derived from a religious or class-based ideological view. Instead, it derives entirely from the school's fundamental economic tenets. This article applies the economic views of the Austrian...

The Austrian school of economics increasingly has become identified with antiwar groups. This is not due to religious or political views. Rather, the antiwar viewpoints of the Austrians come from the fundamental tenets of economics as expressed by the school’s founders and refined for 140...

One frequently quoted passage from the work of John Maynard Keynes is that "the best way to destroy the capitalist system [is] to debauch the currency." The passage, attributed to Vladimir Illyich Lenin, appears in Keynes' book <em>The Economic Consequences of the Peace</em>, which became an...

Irving Fisher's monograph Appreciation and Interest (1896) proposed his famous equation showing expected inflation as the difference between nominal interest and real interest rates. In addition, he drew attention to insightful remarks and numerical examples scattered through the earlier...

İlgi alanının sınırlarının dışıyla ilgisini kesmiş neoklasik iktisadın iktisadi düşünce üzerindeki belirleyiciliğini göz önüne aldığımızda iktisadi düşünceye dair yeni düşünceler geliştirme yolunda komşu sosyal bilim disiplinlerinin kaynaşmasının ne denli...

The paper provides a critical assessment of Adolphe Landry’s contributions to the theory of capital and interest. His analysis represents one among several variants of marginal productivity theory. The distinguishing feature of his variant is that he considers entrepreneurship a scarce factor...

In the two decades before World War I, Irving Fisher and his French contemporary Adolphe Landry presented and extended Boehm-Bawerk’s theory capital and interest, although both of them criticized Boehm-Bawerk’s concept of an average period of production. They analyzed each other’s work on...