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The purpose of this article is to investigate the problem of international income inequality and the growth rates of different income classes. The Myrdal thesis of the cumulative process of the international mechanism of inequality is challenged. Countries which have reached a certain level of...
The revival of the quantity theory of money which was advanced by M. Friedman and the Chicago School in the 1960s led me to an investigation of the contributions of Greek economists during the twentieth century, to this indisputably longlived theory.
Context and Relevance Censorship conjures images of despotic governments strangulating the expression of political convictions. Censorship is the violation of a basic human right. But censorship appears in many forms, and the most effective approach may not be the most imposing. Hence, I look at...
That these two passages can appear in the same work, separated by only two paragraphs, confirms a tension latent in Marxian thought. After offering an appealing vision of a society in which the individual and community have been reconciled, Marx almost immediately denies any reliance on ethical...
Economic theories are integrally related to the social and historical processes from which they emerge. They evolve from, reflect, and seek to communicate explanations of the ongoing phenomena in which they participate. While, therefore, economic theories are mostly the product of the...
Since the postStalin thaw of the mid1950s, economic reform has been a constant theme in academic discussion and policy implementation in the countries of Eastern Europe. In Poland, major reform programmes accompanied the fiveyear plans beginning in 1956, 1966, and 1969. The current economic...
As these essays are in honor of Professor Anghel Rugina, I begin with a quote from his recent essay on Walras 1982, p. 4
This article examines relationships between capitalism and democracy as perceived by contending perspectives within the liberal capitalistliberal democratic traditions. Bentham and the Mills are taken as initiating both this tradition and the core elements of the debate within it. PreBenthamite...
The founders of modern economic thought in Italy are Francesco Ferrara 18101900, Luigi Cossa 18311896 and Angelo Messedaglia 18201901.
Keynes, with his heretical contribution to the family of the neoclassics, was as profound as the heresies of Luther against the Pope. He accepted the institution of profit, private initiative, personal ownership of the means of production, the price mechanism of the market in the production and...
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