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    De Viti de Marco vs. Ricardo on public debt: self-extinction or default?

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    The most prominent Italian theorist of the late 19th and early 20th centuries, Antonio de Viti de Marco, accepted David Ricardo’s proposition that an extraordinary tax and a public loan are equivalent. Despite this common point of analytical departure, their theories of public debt diverged sharply. In this divergence, moreover, lies a fundamental gulf between two distinct analytical schemes for connecting the micro and macro levels of analysis. Ricardo treated macro aggregates as analytical primitives, with individual action being induced from those aggregates. In sharp contrast, de Viti took individual variables as primitive, with aggregate conditions being induced from interaction among those individual variables. Within de Viti’s framework of a fully cooperative state, public debt would be self-extinguishing. De Viti also recognized that democracies were never exclusively cooperative, as continuing competition among elites striving for power would enable politically dominant groups to pass cost onto the remainder of society, thereby operating as a de facto form of default

    Fluid dynamics video of domains with spiral dislocations formed in the wake of an enslaved phase-separation front

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    Enslaved phase-separation fronts that move with a speed just smaller than that of a free front will leave in their wake a morphology of alternating domains that are roughly aligned with the front. However, these alternating domains will typically not be in phase initially. Instead there are defects. Here we present novel phase-separation morphologies that are formed in such systems where the defects are reminiscent of spiral dislocations in crystal growth.Comment: 1 pag

    Conditions and reactions defining dye bacteriostasis

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    The continued study of bacterial cells from the point of view which assumes that they behave as conjugated proteins (Stearn and Stearn, 1924a and b) has led to an intensive study of the action of both basic and acid dyes in their bacteriostatic and staining reactions
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