Hicks on monetary theory and history: money as endogenous money

Article Abstract:

Hicks developed a particular chronological test, the study of what happens within a single period ('single-period theory') and the study of linkages between succession of those periods ('continuation theory'). This distinction provided a useful lesson for modern endogenous money theorists.

Monetary policy

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Straffa's legacy

Article Abstract:

Piero Straffa's legacy is reviewed and Straffa's work is related to the Marshallian tradition and neo-Walrasian general equilibrium theory. The impact of these traditions and theories on the role of demand, returns to scale and capital theory is examined.

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Smith and Newton: some methodological issues concerning general economic equilibrium theory

Article Abstract:

It is argued that Smith did not have an atomistic-mechanistic conception of the world. At the same time, Newton too, did not confirm to the axiomatic-deductive methodology emulated by the economic theory.

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