Money as organization, Gustavo Del Vecchio's theory

Can money improve economic organization? Between 1909 and 1917, Gustavo Del Vecchio, an Italian economist, developed a 'theory of circulation'. In a series of articles he set out his thoughts on the utility and value of money, credit, discount rates, banking and international payments. Tusset ...

Beyond the systemic crisis and capital-led chaos

theoretical and applied studies

The current crisis is the expression of the struggle of a dominant ‘fictitious capital’ over real capital to redistribute the global mass of wealth. It is translated into an expansion of assets in financial markets sustained by an inverted pyramid of credits without being backed ...

Karl Marx

a nineteenth-century life

For nearly a century, Karl Marx has been imprisoned by "isms", misinterpreted through the writings of Engels and the totalitarian aspirations of Lenin and Stalin. Challenging this antiquated portrait, Jonathan Sperber demonstrates that Marx had more in common with Robespierre than with twentieth-century Communists. Using ...

The zero marginal cost society

the internet of things, the collaborative commons, and the eclipse of capitalism

The capitalist era is passing - not quickly, but inevitably. Rising in its wake is a new global collaborative Commons that will fundamentally transform our way of life. Ironically, capitalism's demise is not coming at the hands of hostile external forces. Rather, The Zero Marginal ...

Qué hacemos contra la pobreza

¿Qué hacemos para construir una sociedad más igualitaria y contra el aumento de la exclusión social y la pobreza? La crisis y las políticas de la crisis están aumentando las desigualdades y extendiendo la pobreza y las situaciones de exclusión social. La población en riesgo ...

El Liberalismo

una herencia disputada

Está de moda definirse como liberal, pero dejando en el aire el contenido real de la etiqueta. Frente a esa ambigüedad inconsciente o buscada, este libro ofrece varias definiciones de lo que se ha entendido por liberalismo en distintas épocas, y lo hace siguiendo con ...

Austerity

the great failure

Austerity is at the centre of political debates today. Its defenders praise it as a panacea that will prepare the ground for future growth and stability. Critics insist it will precipitate a vicious cycle of economic decline, possibly leading to political collapse. But the notion ...

Capital in the twenty-first century

What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find ...

La economía desenmascarada

del poder y la codicia

El sistema económico en el que vivimos no sólo obliga a la mayoría de la humanidad a vivir sus vidas en la indignidad y la pobreza, sino que además amenaza a todas las formas de vida del planeta. La economía desenmascarada ofrece una convincente crítica ...

Guía de El Capital de Marx

Libro Primero

«Mi propósito es guiarle en la lectura de un libro de Karl Marx titulado El Capital (libro primero), y leerlo en los propios términos de Marx...» La mayor crisis financiera desde la Gran Depresión ha despertado un tremendo interés por la obra del gran pensador ...

Philosophy of economics

What is economics fundamentally about? Some say 'money'. But that only applies, at a stretch, to macroeconomics. Others say 'incentivised choices'. Through a review of the history and methodology of economics, with special concentration on the past 60 years, the book shows why the second ...

La obra de Kenneth Arrow

una selección

Esta recoge una cuidadosa selección, traducida al castellano, de trabajos del Premio Nobel de Economía en 1972 Kenneth Arrow. Arrow es considerado como el fundador de la moderna teoría económica de la elección social. Sus principales contribuciones han sido en el campo de la teoría ...

La ética protestante y el espíritu del capitalismo

La presente edición crítica y anotada por Francisco Gil Villegas M. de 'La ética protestante y el espíritu del capitalismo' se adelanta a la que actualmente se prepara en Alemania dentro del programa de la edición crítico-integral de las obras completas de Max Weber. En ...

Notes and recollections

with the historical setting of the Austrian School of Economics

Published for the first time together in one volume is Ludwig von Misess Notes and Recollections with The Historical Setting of the Austrian School of Economics. Written between 1940 and 1941, shortly after he arrived in the United States, Notes and Recollections is in effect ...

Si no se cumplen mis teorías, tengo otras

el estrepitoso fracaso de los economistas ante la crisis

Xavier Horcajo analiza con detalle la historia de una crisis anunciada cuyos erráticos diagnósticos han agravado la percepción exacta del problema y dificultan el camino hacia posibles soluciones. La reciente concesión del premio Nobel de Economía a tres economistas que enfocan el problema desde perspectivas ...

The battle of Bretton Woods

John Maynard Keynes, Harry Dexter White, and the making of a New Wolrd Order

When turmoil strikes world monetary and financial markets, leaders invariably call for 'a new Bretton Woods' to prevent catastrophic economic disorder and defuse political conflict. The name of the remote New Hampshire town where representatives of forty-four nations gathered in July 1944, in the midst ...

Institutional diversity and political economy

the Ostroms and beyond

Elinor Ostrom, co-recipient of the 2009 Nobel Prize in economics, argues that in studying social order, we should not be limited to only the conceptions of order derived from the work of Adam Smith and Thomas Hobbes. To be precise, we should not limit ourselves ...

Discurso sobre el origen de la desigualdad entre los hombres

Este ensayo, una crítica no del individuo, sino de toda la sociedad, se divide en dos partes: la primera, dedicada al hombre natural, se hace cargo de su constitución física, de sus capacidades naturales y psicológicas, del lenguaje y de sus rasgos presociales. La segunda ...

John Maynard Keynes

free trader or protectionist?

Over the course of his professional life, John Maynard Keynes altered his views from free trade in the classical tradition to restricted trade. At the end of his career, his position on the issue was still not categorically resolved even though the evidence seems to ...

Utopia or bust

a guide to the present crisis

"The deepest economic crisis in eighty years prompted a shallow revival of Marxism," writes Benjamin Kunkel of the 2008 recession--and the shallowness was undoubtedly a result of the complex, sometimes difficult nature of contemporary Marxist thought. Enter Kunkel's Utopia or Bust, which leads the ...