Search results for "History of economic thought"
showing 10 items of 33 documents
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.
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…
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 …
ECONOMIA POLITICA. UN'INTRODUZIONE STORICA
2009
Saggio interpretativo sulla storia del pensiero economico
Heilbroner: economista della storia
2006
Interpretazione di Robert Heilbroner come studioso del capitalismo moderno
Ragnar Frisch and the Postwar Norwegian Economy
2014
Published version of an article in the journal: Econ Journal Watch. Also available from the publisher at: http://econjwatch.org/articles/ragnar-frisch-and-the-norwegian-postwar-economy. Open Access In the story of Norwegian economics, and of Norwegian economic policy and performance during the postwar years, a central place must be given to Ragnar Frisch (1895-1973). In 1969 he was awarded the first Nobel Prize in economics, together with Jan Tinbergen (1903-1994). In our view, the brighter parts of the story come only in the later years, and they involve the overcoming of Frisch's influence and legacy. As professor, Frisch started a grand project to establish economics as a science based o…
A reply to Olav Bjerkholt on the postwar Norwegian economy
2014
Published version of an article in the journal: Econ Journal Watch. Also available from the publisher at: http://econjwatch.org/articles/a-reply-to-olav-bjerkholt-on-the-postwar-norwegian-economy Open Access Professor Olav Bjerkholt has provided a spirited critique of our 2014 article titled “Ragnar Frisch and the Postwar Norwegian Economy.” Here we reply briefly, noting that many of the quotations he provides actually support our interpretation, that it is naïve of him to play the ideology card, and that he offers no response whatsoever to our central point: that Norway’s postwar growth rates have to be understood in light of the country’s exceptionally high investment ratios, which meant …
La méthodologie de l'Economie Théorique et Appliquée aujourd'hui, ouvrage édité sous la direction de J. WOLFF avec P. SALMON, B. WALLISER, A. WOLFELS…
1990
International audience