Search

Charles William Macfarlane (1852-1931) represents an almost unique and completely forgotten economist during the Progressive Era: although he was outside Academis, he was able to take an active part in the theoretical debate of the time by proposing a peculiar version of marginalism far away from the Austrian school version and close the classical approach. This paper deals with Macfarlane’s theory of value and distribution, by discussing its influence in the discipline, and it presents an archival appendix which reproduces an unpublished response by Clark to Macfarlane which provides further evidence on the reception of Macfarlane’s work among his contemporaries.

Being the major figure within the school of economics, which has been developed in Torino between the end of XIX century and World War II, Luigi Einaudi was a master amongst intellectuals and economists in the history of Italian classical liberalism. The aim of this paper is to highlight the peculiar feature of his political liberalism, to be intended as the most important consequence of economic liberalism, as it has been emphasized by the well- known querelle Einaudi-Croce as well as by the influence Pareto and neoclassical economics had on him.