The article examines the early reception of Knight's and Keynes' accounts of uncertainty and
their overlooked role in the development of financial economics. Knight's famous distinction …

John Maynard Keynes consistently offered qualified endorsement of Abba Lerner's
“functional finance” doctrine—the qualifications particularly turning on Keynes's …

Using as a test the drawn-out liquidity preference vs loanable funds debate between 1936
and 1956, this paper pursues two lines of inquiries: to illustrate first the progressive conquest …

The purpose of this chapter is to portray a mode of inquiry into expectations by three
Cambridge authors in which the expectations are not conceptualized or modelled on the …

This survey briefly comments on a selection of the papers published during 2014-2015 in
the main international journals in the history of economic thought (het henceforth)–the …

The purpose of the paper is to rescue Irving Fisher's theorizing of the yield curve (1896,
1907, 1930) from relative obscurity and to contrast it with the better known and equally …

The concept of 'liquidity trap'has recently seen a revival in macroeconomics. Its definition,
however, is not univocal. It may be useful, therefore, to turn back to the original meaning of …

The central problem for contemporary monetary theory, as Hicks came to see it, was that
what had come to pass as Keynesian economics were also in effect much more Ricardo …

While criticism of the post-colonial character of the CFA franc zone is intensifying, little
research has yet been done on the concrete implications of this currency regime for the …

This paper deals with a debate between Hawtrey, Hicks and Keynes concerning the
capacity of the central bank to influence the short-term and the long-term rates of interest …