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Fragment of Marshall's large chronological plate of events, showing Marshal...
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in Marking Time: Marshall's Search for Narrative Explanatory Coherence
> History of Political Economy
Published: 01 June 2023
Figure 5. Fragment of Marshall's large chronological plate of events, showing Marshall's categories in red and a sequence of events in black, such as the first railway in England, the Poor Law, or the invention of lucifer matches, but also generic and recurring labels such as “crisis.”
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The First Translator in English of Turgot’s Réflexions Sur La Formation Et La Distribution Des Richesses : Benjamin Vaughan
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History of Political Economy (2015) 47 (1): 185–199.
Published: 01 March 2015
... of Benjamin Franklin’s works in 1779. Vaughan deserves to be better known for many reasons: he was also an economist, influenced both by the Wealth of Nations and by the physiocrats, who wrote his own book on free trade (1788), which he also translated into French. He founded two London periodicals, supported...
Journal Article
Balbach and Brunner: A Missing Stop on the Road from Warburton to Friedman-Meiselman and St. Louis
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History of Political Economy (2023) 55 (2): 279–316.
Published: 01 April 2023
... whether autonomous expenditures or the quantity of money was the dominant influence on aggregate spending. It also provided the foundation for the better-known St. Louis equation that followed. Missing from this evolution, however, are important precedents by Karl Brunner and Anatol Balbach that also...
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Journal Article
Testing Measures: Decolonization and Economic Power in 1960s India
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History of Political Economy (2020) 52 (3): 473–497.
Published: 01 June 2020
.... C. Mahalanobis, who also served as the director of the Second Five- Year Plan and who was the chief architect of India’s experiments in largescale household sampling, headed the panel. The debates and controversies surrounding the work of the Mahalanobis Committee (as it came to be called) expose...
Journal Article
Realities of Formalization: How Soviet Scholars Moved from Control Engineering to the General Theory of Choice
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History of Political Economy (2020) 52 (S1): 270–293.
Published: 01 December 2020
... of mechanical or biological systems to the abstract theory of choice and rationality, and demonstrates how the group was related to—and communicated with—the scholars doing work in social choice, mechanism design, and formal political theory. It also speculates on one missed research opportunity of doing...
Journal Article
Capitalism, Cameralism, and the Discovery of the Future, 1300s–2000s: Europe’s Road to Wealth
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History of Political Economy (2021) 53 (3): 443–460.
Published: 01 June 2021
...Philipp Robinson Rössner Modern models of economic growth and capitalist modernity rest on capital accumulation, inclusive institutions, and various often unquantifiable aspects of “culture” (to which institutions belong). Scholars have also pinpointed the ability, or rather illusion, of human...
Journal Article
From Depreciation to Exhaustible Resources: On Harold Hotelling’s First Steps in Economics
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History of Political Economy (2022) 54 (1): 109–135.
Published: 01 February 2022
... contributions dealing with conservation issues. It has also been connected to his earlier work on depreciation, published in 1925, for using the same kind of mathematical formalism. This article further explores this second research direction on the basis of new archival materials, showing that Hotelling...
Journal Article
Classical and Catholic Political Economy: A Re-examination of Matteo Liberatore’s Principii di Economia Politica
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History of Political Economy (2018) 50 (1): 191–219.
Published: 01 March 2018
... on its own ground, which is the fascinating and unique aspect of the book. In the discussion he also works out some principles of social philosophy. Capital is underplayed: the only original all-important production factor is land. The importance given to the right of private property in land...
Journal Article
The Cultural Decline of the Chilean Model: The Aftermath of the 2019 Social Uprising
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History of Political Economy (2023) 55 (S1): 227–254.
Published: 01 December 2023
... drastically with the optimistic narrative of Chile as a “model” country in Latin America. The 2019 social uprising also marked a critical shift in both the ways in which the economy is discussed and who is authorized to legitimately debate economic issues in the public sphere, thus constituting a break from...
Journal Article
Political Economy for Hispanic America: José Joaquín de Mora as a Bridge between Continents (1825–43)
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History of Political Economy (2024) 56 (1): 109–137.
Published: 01 February 2024
... achievement was an institutional and economic agenda for the Republic of Chile based on classical political economy and adapted to the new republic's economic, political, and social environment. The primary economic growth process, which Mora also considered appropriate for the rest of the newly created...
Journal Article
The Challenge in 2000−2009 to Phillips-Curve-Based Accounts of UK Economic Policy: Comment on Cristiano
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History of Political Economy (2024) 56 (4): 713–727.
Published: 01 August 2024
...-off analysis, but it also meant that they misjudged the importance of monetary policy in inflation control, thereby compounding the country's inflation problem. When this series of papers began to appear at the start of the 2000s, the trade-off-centered interpretation of the US Great Inflation...
Journal Article
Were Jevons, Menger, and Walras Really Cardinalists? On the Notion of Measurement in Utility Theory, Psychology, Mathematics, and Other Disciplines, 1870-1910
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History of Political Economy (2013) 45 (3): 373–414.
Published: 01 September 2013
... to utility measurement; therefore, they were not cardinalists in the current sense of the term, which is associated with the ranking of utility differences. We also analyze the argumentative strategies adopted by Jevons and Walras to address the conflict between the scientific importance they attributed...
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Journal Article
From Ancients and Moderns to Geography and Anthropology: The Meaning of History in the Thought of Adam Smith, Karl Marx, and Alfred Marshall
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History of Political Economy (2013) 45 (2): 311–343.
Published: 01 June 2013
... their earlier historical accounts but also their conceptions of the relationship between the historical and the economic. While the discovery of prehistory can be seen as returning Smith's ``primitives'' to the historiographical stage, it also played an important part in fostering the twentieth-century...
View articletitled, From Ancients and Moderns to Geography and Anthropology: The Meaning of History in the Thought of Adam Smith, Karl Marx, and Alfred Marshall
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Journal Article
Paul Samuelson and Revealed Preference Theory
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History of Political Economy (2014) 46 (1): 85–116.
Published: 01 March 2014
..., but there are also sharp differences. The diversity of revealed preference theory is not well understood, and one purpose of this article is to improve our historical understanding of the field by examining this historical diversity. This history is valuable for its own sake, but also because it is relevant...
Journal Article
Lucas's Research in the Late 1960s and the Natural Rate of Unemployment
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History of Political Economy (2017) 49 (1): 137–159.
Published: 01 March 2017
... expectations to rational expectations in the modeling and testing of this hypothesis. I argue that Phelps criticized the predominance of the regressive effect in price expectations in Lucas and Rapping's (1969a) labor market model as the explanation to the tradeoff between inflation and unemployment and also...
Journal Article
Religion and Political Economy in Early-Nineteenth-Century France
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History of Political Economy (2008) 40 (5): 26–61.
Published: 01 December 2008
.... This point of departure is important not only because Say's thought became a major reference for the different conceptions of industrialisme but also because it provided a utilitarian evaluation of religious institutions and feelings. Some other conceptions of industrialisme can be found in the leading...
Journal Article
“Perhaps I’m a Don Quixote but I’m Trying to Be a Paul Revere”: Irving Fisher as a Public Intellectual
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History of Political Economy (2013) 45 (suppl_1): 20–37.
Published: 01 December 2013
... speaking tours and his writings in the popular press, Fisher also provided much advice (much of it unsolicited, and not all of it welcome) to US and foreign governments on monetary reform, stabilization, public health, and world peace, and dabbled in politics. He also proposed a world map projection, a new...
Journal Article
The Early Years of the MIT PhD Program in Industrial Economics
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History of Political Economy (2014) 46 (suppl_1): 81–108.
Published: 01 December 2014
...Pedro Garcia Duarte The immediate postwar period witnessed not only a considerable expansion of economics graduate education in the United States but also its reformulation. Graduate education at MIT became more technical, with shorter theses on narrowly defined problems. This occurred as economics...
Journal Article
Say's Second Visit to Britain: A Career Turning Point
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History of Political Economy (2022) 54 (3): 393–414.
Published: 01 June 2022
... the economic life of a different country and to deepen his knowledge of the economic consequences of parliamentarism or the Corn Laws. He also developed a specific understanding of the changes occurring in Britain stressing economies of scale, the role of coal for steam, and the horrific situation...
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Journal Article
The Emergence of “Emergence” In the Work of F. A. Hayek: A Historical Analysis
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History of Political Economy (2016) 48 (1): 111–150.
Published: 01 March 2016
... of the price mechanism as an emergent property of the social system that is formed when people's (inter)actions are governed by a set of norms that includes both the formal rules of property and tort and contract law, and also informal norms of honesty and promise keeping. However, while several scholars have...
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