The role of mathematics in economic analysis is not yet a settled question. Smith, Ricardo, Mill and other eminent classical economists did not use mathematics in their economic theorizations. We have defined classical mathematical economics as the whole body of literature in mathematical treatment of economics originating mainly from the contributions of Cournot,  Jevons and Walras. There are ...

The triangle is an integral part of the history economic thought. It has been used by writers such as Jevons (1871), Taussig (1896), Wicksell (1934, 1969) to illustrate and help us understand capital theory. Since Hayek (1931) this geometrical figure a basic pedagogical device explain Austrian Business Cycle Theory (ABCT). purpose present paper argue that highly problematic, if not fatally flaw...

Introduction The sectoral structure of the leading industrial economies of Europe in the late 19 Century suggests that the agricultural sector was still central to macroeconomic performance. In Germany the agricultural sector accounted for approximately 40% of GDP in 1870, declining to 23% by 1913. In France the sector accounted for 43% of GDP in 1872, declining to 35% by 1909. In Britain the s...

The core of Ludwig von Mises’ thought is the theory of human action, or praxeology, the general science he seeks to articulate. Within this general science is included—embedded in it—catallactics, or the science of exchange (Mises [1949] 1996: 1–3; hereafter M). Consequently, to Mises everything we seek to study in economics stems ultimately from individual choice, the key to which is subjectiv...

We consider the problem of including the costs and value of the institutions that define money and support trade, within the framework of economic optimization.We comparemonetary systemsmediated by durable commodity monies, versus pure fiat monies, in order to understand the separation and eventual independence of the institutionally-created value ofmoney from the values of underlying traded go...

This paper describes the details of the identification and determination of tyrosine 0-sulphate in fibrinogen, fibrin and fibrinopeptide B, as already reported in preliminary communications by the author under his previous names (Bettelheim, 1954; Bettelheim-Jevons, 1958). The first indication of the presence of tyrosine in modified form came during work on the peptides liberated from bovine fi...

150 years ago, Stanley Jevons introduced the concept of energy rebound: that anticipated energy efficiency savings may be “taken back” by behavioural responses. This is an important issue today because, if energy rebound is significant, this would hamper the effectiveness of energy efficiency policies aimed at reducing energy use and associated carbon emissions. However, empirical studies which...

“Community-acquired Staphylococcus aureus bacteremia in children: A cohort study for 2010-2014” (page 508) describes the circulation of resistant microorganisms, in this case, Staphylococcus aureus. The study was very well designed, inclusion criteria were adequate, and the follow-up period was sufficient. It complied with its objectives: to describe antibiotic resistance observed in bacteremia...