{"title":"Pox Romana: The plague that shook the Roman world By Colin Elliott, Princeton University Press. 2024. pp. 328. £28.00 (hbk). ISBN: 978-0691219158. £19.60 (ebk). ISBN: 978-0691220697","authors":"Mark Koyama","doi":"10.1111/ecaf.12639","DOIUrl":"https://doi.org/10.1111/ecaf.12639","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 2","pages":"426-428"},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488281","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Covid-19 and Sweden: What constitutes success? A response to Fredrik Andersson and Lars Jonung","authors":"David Goldsmith","doi":"10.1111/ecaf.12630","DOIUrl":"https://doi.org/10.1111/ecaf.12630","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 2","pages":"374-375"},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The ‘means’ and the ‘ends’ of economic calculation: The missing aspect of an epochal dispute","authors":"Dmitrii Trubnikov","doi":"10.1111/ecaf.12640","DOIUrl":"https://doi.org/10.1111/ecaf.12640","url":null,"abstract":"<p>Current technological advances have revived the old socialist calculation debate. While the arguments on the socialist side appear to be backed by exciting technological developments, the pro-market camp still mainly relies on the classical thinking of the Austrian school. A reasonable way to reinvigorate the free-market thesis is to look at the ends of economic calculations, intentionally overlooked during the classical period of the debate. A valuable supplement to the contemporary pro-market position could be found in the ordoliberal vision that emphasised the interdependence of various spheres and the power problem.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 2","pages":"281-293"},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488293","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Liberalism's last man: Hayek in the age of political capitalism By Vikash Yadav, University of Chicago Press. 2023. pp. 288. $35.00 (hbk). ISBN: 978-0226821474. $34.99 (ebk). ISBN: 978-0226827360","authors":"Joshua Bowden","doi":"10.1111/ecaf.12653","DOIUrl":"https://doi.org/10.1111/ecaf.12653","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 2","pages":"439-440"},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488318","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Economic Affairs Applied Research Workshop 2024 Advancing a Classical Liberal Understanding of the Agenda for a Free Society","authors":"","doi":"10.1111/ecaf.12658","DOIUrl":"https://doi.org/10.1111/ecaf.12658","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 2","pages":"203"},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488288","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The effect of economic uncertainty on remittance flows from developed countries","authors":"Sèna Kimm Gnangnon","doi":"10.1111/ecaf.12634","DOIUrl":"https://doi.org/10.1111/ecaf.12634","url":null,"abstract":"<p>This article investigates the effect of economic uncertainty on remittances sent by migrants residing in developed countries to their home countries. The analysis builds on the economic uncertainty index developed by Ahir et al. that reflects the uncertainty related to economic and political events, regarding both near-term and long-term concerns. Economic uncertainty has deleterious effects on remittance outflows from developed countries, especially when uncertainty reaches high levels. Developing countries would therefore suffer from reduced remittance inflows if the current fragmentation of the world were to become protracted, resulting in higher barriers to the movement of capital and people.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 2","pages":"267-280"},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The scholastic perspective on the time value of money and the contribution of Martín de Azpilcueta (1491–1586)","authors":"Mohammadhosein Bahmanpour-Khalesi, Mohammadjavad Sharifzadeh","doi":"10.1111/ecaf.12651","DOIUrl":"https://doi.org/10.1111/ecaf.12651","url":null,"abstract":"<p>This study explores the historical background of the time value of money theory developed within the Austrian School, focusing on the contributions of its Scholastic antecedents. Although the Scholastics had a different starting point from the Austrians in analysing the nature of the time value of money, they ultimately reached a similar understanding. We present a new interpretation of Martín de Azpilcueta's theory, demonstrating that while he cannot be considered the sole originator of the time value of money theory, the role of Scholastic thinkers in its development should not be ignored.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 2","pages":"320-337"},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ralph Hawtrey: A forgotten pioneer of macroeconomics","authors":"David Glasner","doi":"10.1111/ecaf.12647","DOIUrl":"https://doi.org/10.1111/ecaf.12647","url":null,"abstract":"<p>This article considers the contributions of Ralph Hawtrey to monetary theory and macroeconomics, focusing on his monetary business cycle theory and his monetary explanation of the Great Depression. Unlike Milton Friedman's US-centred explanation of the Great Depression, Hawtrey's was focused on the international gold standard that collapsed with the outset of World War I and the attempt to restore it. Hawtrey urged that, after restoration of the gold standard, increased monetary demand for gold be restrained to prevent gold appreciation and deflation. But deliberate French gold accumulation in 1928 and interest-rate increases by the Federal Reserve, led to the ruinous deflation foreseen by Hawtrey. The article then critically evaluates recent discussions of Hawtrey's contributions in books by Hetzel (2023) and Mattei (2022).</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 2","pages":"245-266"},"PeriodicalIF":1.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141488279","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}