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Edith Penrose's Legacy: Shaping Economics, Management and Political Economy (2025)
Book
Michie, J., & Oughton, C. (Eds.). (2025). Edith Penrose's Legacy: Shaping Economics, Management and Political Economy. Routledge. https://doi.org/10.4324/9781003587132

Edith Penrose is best known for The Theory of the Growth of the Firm, originally published in 1959, but she made major contributions in other fields, including patents, the oil industry, and development economics. This book explores her work and lega... Read More about Edith Penrose's Legacy: Shaping Economics, Management and Political Economy.

Hawala in Criminal Court: the Role of Law and Commercial Culture in Informal Financial Exchange (2024)
Journal Article
Ercanbrack, J. G. (in press). Hawala in Criminal Court: the Role of Law and Commercial Culture in Informal Financial Exchange. Crime, Law and Social Change, 82(3), 659-683. https://doi.org/10.1007/s10611-024-10162-w

A historically informed understanding of ḥawāla and other varieties of informal value transfer systems (IVTS) requires consideration of the normative and cultural elements which structure and facilitate transactions in globalized financial markets. T... Read More about Hawala in Criminal Court: the Role of Law and Commercial Culture in Informal Financial Exchange.

On the accommodation of the ecological question in the Sraffian tradition (2024)
Book Chapter
Dwarkasing, C. (2024). On the accommodation of the ecological question in the Sraffian tradition. In V. E. Schincariol (Ed.), Environment and Ecology in the History of Economic Thought Reassessing the Legacy of the Classics (49-66). Routledge. https://doi.org/10.4324/9781003375425-4

The Physiocrats and, in particular, Francois Quesnay’s tableau économique are often designated as common sources of influence for the classical economist Pierro Sraffa and Ecological Economics. This is particularly apparent in earlier contributions i... Read More about On the accommodation of the ecological question in the Sraffian tradition.

Politics in the Crevices: Urban Design and the Making of Property Markets in Cairo and Istanbul (2023)
Book
El-Kazaz, S. (2023). E. Ault (Ed.), Politics in the Crevices: Urban Design and the Making of Property Markets in Cairo and Istanbul. Duke University Press. https://doi.org/10.1215/9781478027386

In Politics in the Crevices, Sarah El-Kazaz takes readers into the world of urban planning and design practices in Istanbul and Cairo. In this transnational ethnography of neighborhoods undergoing contested rapid transformations, she reveals how the... Read More about Politics in the Crevices: Urban Design and the Making of Property Markets in Cairo and Istanbul.

Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist (2023)
Book Chapter
Imbriani, C., & Scaramozzino, P. (2023). Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist. In C. Imbriani, & P. Scaramozzino (Eds.), Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (31-48). Springer Nature. https://doi.org/10.1007/978-3-031-36518-8_3

In the current age of hyper-specialisation in the economic profession, the range of interests of Giancarlo Marini stands out for their breadth and originality. Marini gave significant contributions to monetary and fiscal policy and their interactions... Read More about Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist.

Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy (2023)
Book Chapter
Imbriani, C., & Scaramozzino, P. (2023). Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy. In C. Imbriani, & P. Scaramozzino (Eds.), Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (11-29). Springer Nature. https://doi.org/10.1007/978-3-031-36518-8_2

Monetary authorities have the advantage over the private sector because of the longevity of their institutions and their exclusive power to issue fiat money. These defining features of central banking have, however, been overlooked by much of the rec... Read More about Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy.

Introduction: Time and Economic Policy (2023)
Book Chapter
Imbriani, C., & Scaramozzino, P. (2023). Introduction: Time and Economic Policy. In C. Imbriani, & P. Scaramozzino (Eds.), Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (1-8). Springer Nature. https://doi.org/10.1007/978-3-031-36518-8_1

What is the role today of monetary and fiscal policy? The past few years have seen an intensification of the debate on the scope and rationale of economic policy, stimulated by the responses to the massive economic shocks which affected the global ec... Read More about Introduction: Time and Economic Policy.

Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (2023)
Book
Imbriani, C., & Scaramozzino, P. (Eds.). (2023). Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments. Springer Nature. https://doi.org/10.1007/978-3-031-36518-8

This volume presents state-of-the-art contributions to the theory and practice of economic policy. In light of the 2007/2008 financial crisis and the COVID-19 pandemic, it discusses the relevance and effectiveness of various traditional economic poli... Read More about Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments.

Joan Robinson: Early Endogenous Growth Theorist (2023)
Journal Article
Oughton, C., & Tobin, D. (2023). Joan Robinson: Early Endogenous Growth Theorist. Cambridge Journal of Economics, 47(5), 943-964. https://doi.org/10.1093/cje/bead032

We start from Robinson’s article on Harrod’s Dynamic Economics and her criticism that technological change was exogenous: ‘in Mr. Harrod’s world, technical progress falls like the gentle dew from heaven and is not susceptible to any economic influenc... Read More about Joan Robinson: Early Endogenous Growth Theorist.

Resolving the patents paradox in the era of COVID19 and climate change: Towards a patents taxonomy (2023)
Journal Article
Bustamante, J., Oughton, C., Pesque-Cela, V., & Tobin, D. (in press). Resolving the patents paradox in the era of COVID19 and climate change: Towards a patents taxonomy. Research Policy: Policy, management and economic studies of science, technology and innovation, 52(9), Article 104850. https://doi.org/10.1016/j.respol.2023.104850

This paper revisits the patents debate and considers the role of intellectual property rights and their impact on society in the context of inventions designed to protect global common pool resources (CPRs) such as public health and the environment.... Read More about Resolving the patents paradox in the era of COVID19 and climate change: Towards a patents taxonomy.

Weaknesses of MMT as a Guide to Development Policy (2023)
Journal Article
Aboobaker, A., & Ugurlu, E. N. (2023). Weaknesses of MMT as a Guide to Development Policy. Cambridge Journal of Economics, 47(3), 555-574. https://doi.org/10.1093/cje/bead009

This paper addresses the limitations of Modern Money Theory (MMT) as a guide to development policy. We explore two main questions on this topic: whether policies championed by MMT advocates (i) ought to be implemented in low- and middle-income econom... Read More about Weaknesses of MMT as a Guide to Development Policy.

Resolving Douglass C. North’s ‘puzzle’ concerning China’s household responsibility system (2021)
Journal Article
Deakin, S., & Meng, G. (2022). Resolving Douglass C. North’s ‘puzzle’ concerning China’s household responsibility system. Journal of Institutional Economics, 18(4), 521-535. https://doi.org/10.1017/S1744137421000746

This paper considers Douglass C. North's ‘puzzle’ concerning China's household responsibility system (HRS) and offers a possible solution. China's HRS, which has evolved over the past four decades to become its dominant form of rural land ownership,... Read More about Resolving Douglass C. North’s ‘puzzle’ concerning China’s household responsibility system.

A Dynamic Theory of Public Banks (and why it matters) (2021)
Journal Article
Marois, T. (2022). A Dynamic Theory of Public Banks (and why it matters). Review of Political Economy, 34(2), 356-371. https://doi.org/10.1080/09538259.2021.1898110

Public banks are pervasive, with more than 900 worldwide, and powerful, having assets nearing $49 trillion. Yet they are too often perceived as static financial institutions, based on economic theories that begin from fixed notions of what it is to b... Read More about A Dynamic Theory of Public Banks (and why it matters).

Una reinterpretación eco-marxista de la abstracción formal en Economía Ecológica (2021)
Journal Article
Dwarkasing, C. (2021). Una reinterpretación eco-marxista de la abstracción formal en Economía Ecológica. Relaciones Internacionales, 21-40. https://doi.org/10.15366/relacionesinternacionales2021.46.002

El capital natural es un concepto teórico muy conocido que se utiliza para tener en cuenta el papel de la naturaleza en la producción económica. Su popularización entre los economistas en la década de 1990 ha dado lugar a opiniones divergentes sobre... Read More about Una reinterpretación eco-marxista de la abstracción formal en Economía Ecológica.

Are We All Rational, Optimising Agents? (2020)
Book Chapter
Miyamura, S. (2020). Are We All Rational, Optimising Agents?. In K. Deane, & E. Van Waeyenberge (Eds.), Recharting the History of Economic Thought. Palgrave Macmillan

The Role of Complex Analysis in Modelling Economic Growth (2018)
Journal Article
Sbardella, A., Pugliese, E., Zaccaria, A., & Scaramozzino, P. (2018). The Role of Complex Analysis in Modelling Economic Growth. Entropy, 20(883), 1-17. https://doi.org/10.3390/e20110883

Development and growth are complex and tumultuous processes. Modern economic growth theories identify some key determinants of economic growth. However, the relative importance of the determinants remains unknown, and additional variables may help cl... Read More about The Role of Complex Analysis in Modelling Economic Growth.

The Role of Complex Analysis in Modeling Economic Growth (2018)
Preprint / Working Paper
Sbardella, A., Pugliese, E., Zaccaria, A., & Scaramozzino, P. The Role of Complex Analysis in Modeling Economic Growth. Ithaca, NY

Development and growth are complex and tumultuous processes. Modern economic growth theories identify some key determinants of economic growth. However, the relative importance of the determinants remains unknown, and additional variables may help cl... Read More about The Role of Complex Analysis in Modeling Economic Growth.

Intertemporal Consumption and the Measurement of Inflation: A Dynamic Inertial Price Index (2018)
Preprint / Working Paper
Fiaschetti, M., Marini, G., & Scaramozzino, P. Intertemporal Consumption and the Measurement of Inflation: A Dynamic Inertial Price Index. London

This paper develops a new price index (DIPI) and discusses its characteristics and dynamics. By allowing for habit formation and inertia, our model extends typical dynamic indexes that have a forward looking component, thus providing a more effective... Read More about Intertemporal Consumption and the Measurement of Inflation: A Dynamic Inertial Price Index.