This paper discusses the legacy of the institutionalist thought in the face of Veblen, Commons and Mitchell contributions. The remarkable complexity and scope of these contributions, despite being characterized by a still incipient theoretical content, is an important source of interaction with...

This paper proposes that, in spite of some fundamental invariant aspects, the way of exposition of the Minsky's work central concept - the so called Financial Instability Hypothesis - changed significantly throughout his academic productive period; furthermore it assesses the traditional way this...

The paper investigates the rise and fall of the disequilibrium approach in macroeconomics between the mid 1960s and the late 1970s. During that period macroeconomists became attracted to the interpretation of unemployment phenomena based on the notion that markets are not in equilibrium. It was...

This paper discusses Albert Hirschman's writings that resulted from his professional experience in Colombia, Brazil, Chile and other Latin American countries during the 1950s and 1960s. The focus is on the trilogy written by Hirschman in the field of development economics, which comprises: The...

This paper assesses Pigou's theories of industrial fluctuations and employment according to the orthodoxy prevailing in the 20's and 30's of the twentieth century. Firstly, we review the conceptions on the economic cycle prevailing during the inter-war years and their inner connections with the...

This paper tries to identify some points of touch between the Treatise on Money and the General Theory of Keynes, since a detailed analysis of some passages of the Treatise.

The work of Douglass North represents today an important reference for those studying issues related to growth and institutional economics. After the book Institutions, Institutional Change and Economic Performance (1990) and the Nobel prize in 1993, his contributions seem to have been...

This paper contemplates the evolution of Pigou's stance towards the Keynesian Revolution. Preliminarily, a brief contrast between his and Keynes's approach to the problem of unemployment is made. After that, Pigou's first reactions to The General Theory are presented, along with the rejoinder...

The paper investigates Dennis Robertson's effort to defend the Cambridge utilitarian tradition against the so-called "new welfare economics" in the 1950s. Robertson's sustained and isolated endeavor to rescue Marshallian cardinal utility attracted the attention of economists at the time....

This work studies the evolution of Getulio Vargas' ideas, mainly the economic ones, during the First Republic, that is, before he became president. Therefore its approach begins when he affiliates himself with positivism and goes on until he clearly assumes the developmentism ideology which will...