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Journal Article
History of Political Economy (2006) 38 (2): 251–268.
Published: 01 June 2006
...Don Patinkin; Mauro Boianovsky Duke University Press 2006 Chapter Nine: Monetary Theory under
the Assumption of Unemployment
Don Patinkin
Edited by Mauro Boianovsky
1. The concept of involuntary unemployment. 2. The dynamics of unemployment: the
classical and neo-classical case...
Journal Article
History of Political Economy (2021) 53 (3): 371–387.
Published: 01 June 2021
... special issue, some basic assumptions, as well as the broad contributions made by subsequent papers to the study of Cameralism not only as a near pan-European economic discourse during the early modern period, but also how different authors from a Cameralist vantage point and spectrum contributed to rise...
Journal Article
History of Political Economy (2021) 53 (4): 595–631.
Published: 01 August 2021
...Juan Carvajalino In his famous “A Model of General Economic Equilibrium”, von Neumann wrote that it was “obvious to what kind of theoretical models [his] assumptions correspond.” To date, however, his sources of economic insights about the functioning of the continuously growing price-economy...
Journal Article
History of Political Economy (2021) 53 (4): 721–744.
Published: 01 August 2021
... often assign Stewart a rather indirect role on the formation of political economy as a distinct body of knowledge because he never published his innovative lectures. The article argues that the assumption that Stewart’s lectures were known only to a small group of students is mistaken. Between 1814...
Journal Article
History of Political Economy (2020) 52 (5): 827–861.
Published: 01 October 2020
.... In contrast, Solow advocated the use of a diversity of simple and partial models, which have practical utility, are realistic in their crucial assumptions, consider institutions and the evolving nature of the economy, and rely on common sense microfoundations. We conclude by suggesting that Solow can...
Journal Article
History of Political Economy (2011) 43 (4): 625–648.
Published: 01 November 2011
...Teresa Tomás Rangil The writings of the American economist Jack Hirshleifer (1925–2005) are considered some of the most influential contributions to the economics of conflict. This article examines how Hirshleifer transformed the behavioral assumptions of Homo economicus (the self-interest model...
Journal Article
History of Political Economy (2011) 43 (4): 649–681.
Published: 01 November 2011
...Floris Heukelom To understand the relationship between experimental and behavioral economics, we need to go back to the late 1970s and early 1980s. In the 1970s, psychologists began conducting new kinds of experiments, the results of which seemed to falsify the assumption of rational individual...
Journal Article
History of Political Economy (2008) 40 (1): 111–132.
Published: 01 March 2008
... theory of conflict that, without dismissing the assumption of rational behavior, points out some of its paradoxical consequences. Harsanyi's and Schelling's contrasting views on the axiom of symmetry, as postulated by Nash (1950), are then presented. This debate explains why, although in the early 1960s...
Journal Article
History of Political Economy (2008) 40 (1): 163–182.
Published: 01 March 2008
... method, pointing out that Kalecki's theoretical conclusions were based on the tacit assumption that the decisions of consumption and investment are “independent from” the levy. Keynes's criticism is fully coherent with the method of analysis he adopted in the General Theory and with his critique...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 127–144.
Published: 01 December 2015
... this shared aspect of their analytical systems lies far outside the contemporary modeling assumptions, it defines a form of “market failure” that does not exist in contemporary economics. It is, for both men, very definitely a failure of markets to work, but it might just as well be called a failure of market...
Journal Article
History of Political Economy (2023) 55 (1): 103–143.
Published: 01 February 2023
... the practice of consumption modeling drifted away from Hall's original proposal, suggesting the necessity of a more nuanced view of the notion of influence in contemporary macroeconomics. In this particular case, we found that drifting occurred within the bounds set by the Euler equation and the assumptions...
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Journal Article
History of Political Economy (2006) 38 (Suppl_1): 86–105.
Published: 01 December 2006
..., starting from hypotheses which, fundamentally, entail the exis-
tence of F, but which are more directly expressible as functions of data
obtainable from observation.”3 In fact, in the four assumptions he intro-
duces, he uses prices, quantities, and income exactly in the same way
Samuelson does...
Journal Article
History of Political Economy (1990) 22 (1): 49–63.
Published: 01 March 1990
...
Kalecki and Keynes: their correspondence
A. Asimakopulos
I. Introduction
Michal Kalecki’s theory of the business cycle (e.g., Kalecki 1935) and
John Maynard Keynes’s General Theory (Keynes 1936) are both based
on the assumption that investment is independent of saving...
Journal Article
History of Political Economy (1989) 21 (2): 299–312.
Published: 01 June 1989
..., with a reply by J. Bradford De Long, and
a rejoinder by Pullen
J. M.Pullen
The attempted disproof by J. B. De Long (1986) of Senior’s “last hour”
thesis involves a crucial assumption which, though plausible and appar-
ently justifiable in the context of the 1837 edition of Senior’s Letters...
Journal Article
History of Political Economy (2006) 38 (Suppl_1): 32–47.
Published: 01 December 2006
... with the assumptions on
which the theory is based. Section 2 briefly recounts the circumstances
surrounding Hicks and Allen’s collaboration, focusing on the seminar
held by Lionel Robbins at the London School of Economics (LSE) and the
participation of both coauthors at the 1933 Leyden meeting of the Econo...
Journal Article
History of Political Economy (1992) 24 (1): 260–263.
Published: 01 March 1992
... quite differently. Emphasis is placed on iden-
tifying the assumptions adopted during the development of each section of a
model, and then Weeks examines the relation between these assumptions and the
logical consistency of the entire model. Once the implicit assumptions are brought
out...
Journal Article
History of Political Economy (1984) 16 (2): 263–290.
Published: 01 June 1984
... of transformation
requires choices of assumptions, functions, variables, and so on. Econo-
mists rely on conventions for some of those choices. Conventions provide
continuity to theoretical discourse, but also a possibility of disagreement.6
4. See Section IV below.
5. The concept...
Journal Article
History of Political Economy (2001) 33 (1): 167–174.
Published: 01 March 2001
... by differentiating with respect to
quantities” (this issue, 162).
First note that systems (5) and (6) are no more than reformulations
of (1) and (2) when additional assumptions are made (a “limitation of
[the] productive powers” of the producers in (5), and the introduction
of production costs in (6 But more...
Journal Article
History of Political Economy (2000) 32 (3): 437–439.
Published: 01 September 2000
... estimates of demand and supply elasticities could be inserted into
the optimum tariff formula to determine the probable height of optimum
tariffs in the real world. These attempts ignored the assumptions nec-
essary to derive the formula. They also ignored the distinction between
partial and general...
Journal Article
History of Political Economy (1998) 30 (1): 43–50.
Published: 01 March 1998
..., that the validity of
this theorem would require auxiliary assumptions in the case of rela-
tive price changes. These auxiliary assumptions have so far remained
unnoticed in modern economic theory; this applies a fortiori to the
consequences of Gossen’s theory. In this article we discuss the restric...
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