Search results for "Economic Thought"

Another "French paradox": explaining why interest rates to microenterprises dit not increase with the change in French usury legislation

2015

Conventional wisdom indicates that the growth of credit may not materialize if credit rates remain capped by usury laws, as had long been the case in France. France therefore abolished usury ceilings on loans to microenterprise in an effort to increase financing for microentrepreneurs. This should have led to an increase in interest rates and increase in microcredit. However, we do not find any increase in interest rates and this is therefore a paradox. The paper provides a brief literature review and the salient features of the legislative changes in France. It follows this up with a presentation of interest rate movements. The discussion of possible explanations of the paradox includes cl…

Remembrance of the historian Vicent Llombart

2017

Esta evocación muestra cómo la formación inicial que recibió Vicent Llombart en el Seminario de historia del pensamiento económico en la Universidad de Valencia fue decisiva, pero no suficiente, para entender una trayectoria rotunda por sus contribuciones. Su propósito decidido, su firme exigencia personal y su apertura intelectual permanente nos ayudan a comprender mejor a un gran historiador. This remembrance shows how the initial training that Vicent Llombart received at the Seminar on the History of Economic Thought at the University of Valencia was crucial, although not the only element, to understanding a prominent academic career with so relevant contributions. His determined purpose…

'Economy' in European History. Words, Contexts and Change over Time

2022

Starting from the Greek idea of the law of the household, Luigi Alonzi traces the different meaning assumed by the word ‘economy’ during the modern ages and the early modern era, highlighting the semantic richness of the word and its uses in various political and cultural contexts.

Recensione di Susumu Takenaga (ed) (2016). Ricardo and the Japanese Economic Thought. Selection of Ricardo studies in Japan during the interwar perio…

2017

EARLY DEVELOPMENT ECONOMICS DEBATES REVISITED

2007

Development economics in its early years created the image of a fierce fight between advocates of contrasting theories or approaches—“balanced growth” vs. “unbalanced growth,” or “program loans” vs. “project loans.” This view has the merit of highlighting such conflicts in great detail; yet, it fails to take into account the reality of development economics as it was practiced in the field. This paper reassesses these old conflicts by complementing the traditional focus on theoretical debates with an emphasis on the practice of development economics.A particularly interesting example is the debate between Albert Hirschman, one of the fathers of the “unbalanced growth” approach, and Lauchlin…

Women’s Approach to Economics and Firms

2011

Women and works by female economists appeared in the economic literature of the Classical and Neoclassical periods. While a portion of such literature popularized the approaches of male economists, others part criticized some established views, especially those dealing with wages, education, and the position of women in the family. The objective of this article is to analyze the main economic approaches held by women, starting with an analysis of the situation of women in the eighteenth and nineteenth centuries. The differences between women’s thoughts on economics and the classical and neoclassical economic approaches are considered, as well as women’s thoughts on productivity and firm’s a…

STAATSTÄTIGKEIT UND MULTIPLIKATOR IN DEN SCHRIFTEN LUDWIG GALLS-EINE DOGMENGESCHICHTLICHE ERGÄNZUNG ZUR BESCHÄFTIGUNGSTHEORIE

1969

SUMMARY The German author Heinrich Ludwig Lambert Gall (1794-1863) who is characterized as socialist by the authors of histories of economic thought proposed a policy for full employment, based on the multiplier-principle and public expenditures financed by taxes, since 1822. Not Rodbertus but Gall was the first one describing the multiplier scheme. The interpretation of Gall's publications shows his important ideas about interventionism similar to the modern theory of full employment and the activity of the state.

His Fate in the US

2016

Asso recounts the many difficulties De Viti de Marco met with over the translation of his book First Principles of Public Finance, the reviews expressing diametrically opposed opinions, from F.C. Benham on the German translation (1932) to H.C. Simons on the English translation (1936).

Are business cycles asymmetric? Some European evidence

1997

Economic thought has ofien regal'ded business cycles as asymmetric. This papel' examines the existence of asymmetries over the business cycle in three European countries: France, Germany and the United Kingdom. To analyze this issue, industrial production in these countries from 1957 to 1994 is examined, and quarterly contractions and expansions in this variable are compared. The results obtained with both parametric and nonparametric methods allow the existence of asymmetries in these countries to be questioned. El pensamiento económico ha considerado frecuentemente que los ciclos económicos son de naturaleza asimétrica. Este trabajo examina la existencia de asimetrías en los ciclos económ…

Economic utopia of the Torah. Economic concepts of the Hebrew Bible interpreted according to the Rabbinical Literature

2004

Hebrew Bible offers alternative Economic utopia for building Theocratic society. In this paper, various economic concepts and themes are presented, as found in the Hebrew Bible. These economic concepts include taxation, property rights, labor market, social policy, banking, years of Sabbath and Jubilee, and business cycles. Most economic issues of the Bible are found in the texts of Torah, also known as five Books of Moses. These texts are analyzed by using classical Rabbinical commentaries for better insight. Contrary to the modern Economic theory which is based on the assumptions of scarcity of resources and unlimited needs of consumers, Economics of the Torah is based on God’s resources …