Archive of papers

Proposals for Full-Reserve Banking: A Historical Survey from David Ricardo to Martin Wolf

Full-reserve banking, which prohibits private money creation, has not been implemented since the 19th century. Thereafter, bank deposits became the dominant means of payment and have retained their position until today. The specific contribution of this paper is to provide …

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Posted for review 16 Apr 2015
Published

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In defense of a non-newtonian economic analysis through an accounting paradigm

The double-entry bookkeeping promoted by Luca Pacioli in the fifteenth century could be considered a strong argument in behalf of the multiplicative calculus which can be developed from the Grossman and Katz non-newtonian calculus concept provided that one goes from …

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Posted for review 16 Feb 2015
Unpublished

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Political Economy in the Eighteenth Century: Popular or Despotic? The Physiocrats against the Right to Existence

Among the important works of Edward Palmer Thompson, “The Moral Economy of the English Crowd in the Eighteenth Century” published in 1971 occupies an especially important place. He severely critiqued the historiography of his era, because it no longer saw …

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Posted for review 1 Aug 2014
Published

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Reconciling Ricardo’s Comparative Advantage with Smith’s Productivity Theory

There are three main claims in this paper: First, there is sufficient evidence for affirming that Ricardo adhered to Smith’s productivity theory; second, Ricardo’s original demonstration of the comparative-advantage proposition is indeed compatible and complementary with respect to the latter; …

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Posted for review 5 Sep 2013

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6 comments