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History of Political Economy (2023) 55 (1): 103–143.
Published: 01 February 2023
...Carlos García; Daniel Otero; Boris Salazar Abstract Hall's 1978 article titled “Stochastic Implications of the Life Cycle–Permanent Income Hypothesis” was meant to revolutionize consumption modeling. It indeed delivered, but not by becoming the dominant modeling strategy, but by unleashing...
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History of Political Economy (2019) 51 (3): 493–513.
Published: 01 June 2019
...Hsiang-Ke Chao Empirical tests in economics may not decisively confirm or disconfirm a theory. Three cases of studies of consumption function from the 1930s to the early 1970s discussed in this article show that we can interpret economists’ practices as inferences to derive the best model from...
History of Political Economy (2015) 47 (4): 547–575.
Published: 01 December 2015
...Marina Bianchi; Eleonora Sanfilippo This article analyzes an early and relatively little known debate on the role of social interdependencies in consumption and their implications for economic theory. The debate began in the pages of the Economic Journal when, in 1892, Alfred Marshall's student...
History of Political Economy (1992) 24 (1): 153–181.
Published: 01 March 1992
.... Copyright © 1992 by Duke University Press 1992 References Bassie , V. L. 1946 . Consumers' Expenditures in War and Transition. Review of Economic Statistics 28 . 3 ( August ): 121 -29. Blinder , A. S. 1975 . Distribution Effects and the Aggregate Consumption Function. Journal...
History of Political Economy (2011) 43 (4): 779–781.
Published: 01 November 2011
...Jim Thomas Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function . By Chao Hsiang-Ke . London : Routledge , 2009 . xiii; 161 pp. £65.00 . Copyright 2011 by Duke University Press 2011 References Malinvaud Edmond...
History of Political Economy (1997) 29 (suppl_1): 189–211.
Published: 01 January 1997
...Mary L. Hirschfeld Part 3 Social-Contextual Perspectives on How Economists Reason # Methodological Stance and Consumption Theory: A Lesson in Feminist Methodology Mary L. Hirschfeld Feminist analysis has come late to economics—the field of feminist eco nomics having taken...
History of Political Economy (1997) 29 (2): 295–326.
Published: 01 June 1997
...Cosimo Perrotta The Preclassical Theory of Development: Increased Consumption Raises Productivity Cosimo Perrotta 1. Introduction This article examines the relationship between consumption and produc- tion in the pre-Smithian economics literature, from the last decade...
History of Political Economy (2019) 51 (5): 867–900.
Published: 01 October 2019
...Antonella Rancan The paper discusses Modigliani, Brumberg, and Ando’s life cycle hypothesis and its difficult acceptance in Italy over the 1960s and 1970s. The increasing attention to the effects of income redistribution on consumption coupled with the strong influence that post-Keynesian economics...
History of Political Economy (1991) 23 (4): 731–744.
Published: 01 November 1991
... Literary Supplement 25 ( July ): 824 -25. Mair , Douglas 1990 . John Rae: Ugly Duckling or Black Swan? Scottish Journal of Political Economy 37 ( August ). Mason , Roger 1981 . Conspicuous Consumption: A Study of Exceptional Consumer Behaviour . Aldershot. Rae , John...
History of Political Economy (2022) 54 (S1): 43–68.
Published: 01 December 2022
...Jennifer Burns Abstract This article uses archival sources to reconstruct an alternate history of Milton Friedman's A Theory of the Consumption Function , spotlighting the contributions of his collaborators Margaret Reid, Dorothy Brady, and Rose Friedman. Although Milton Friedman offered public...
History of Political Economy (2021) 53 (S1): 81–110.
Published: 01 December 2021
... orientations. By analyzing the financial programming tool, the article shows that the treatment of basic national accounting identities neglects variables like household consumption even when alternative methods exist. Changes in methods may be discarded to ensure the legibility of economic works over...
History of Political Economy (2010) 42 (4): 679–721.
Published: 01 November 2010
... with understanding the consumption practices of collective social units; and an insistence that economics take as its subject matter the evolution of economic institutions. Correspondence may be addressed to Charles Camic, Department of Sociology, Northwestern University, 1810 Chicago Avenue, 1st Floor...
History of Political Economy (2009) 41 (3): 519–543.
Published: 01 September 2009
... to maintain an ironic distance from the inequality and greed that he saw around him while arguing that it did no harm, and allowed him to resolve, at least to his own satisfaction, an age-old debate about the ethical and political consequences of luxury consumption. Some of these themes were further developed...
History of Political Economy (2020) 52 (S1): 245–269.
Published: 01 December 2020
... and engineering nexus. Costs calculations were developed to design a nationwide integrated machine. Hydropower in the south was to be interconnected with thermal power in the north, in order to support a massive increase in consumption in the Paris basin, saving on coal and on the scarce funding of the Marshall...
History of Political Economy (2012) 44 (suppl_1): 137–159.
Published: 01 December 2012
... of the topics he worked on, including the study of aggregate consumption and the development of behavioral economics. This essay argues that such an absence is partly explained by the theoretical underpinnings of Katona’s project, which were incompatible with the economic views of consumer behavior...
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...
History of Political Economy (2008) 40 (2): 383–395.
Published: 01 June 2008
...- ble claim that there could be an economy-wide overconsumption con- current with increased investment or “overinvestment” right from the beginning of a credit inﬂ ation. Thus, instead of locating the distribution of an economy’s output (national income or GDP) away from consumption— and toward...
History of Political Economy (2003) 35 (1): 77–104.
Published: 01 March 2003
... Dividend of 1950 and Consumption: A Further Test of the “Strict” Permanent Income Hypothesis. Journal of Political Economy 73 : 499 -515. Blaug, Mark. 1998 . Great Economists since Keynes . Aldershot, U.K.: Edward Elgar. Bodkin, Ronald. 1960 . Windfall Income and Consumption. In vol. 2...
History of Political Economy (1996) 28 (3): 371–390.
Published: 01 September 1996
... . Cambridge: Harvard University Press. Foster , W. T. , and W. Catchings 1923 . Money . Boston and New York: Houghton Mifflin. Friedman , M. 1957 . A Theory of the Consumption Function . Princeton: Princeton University Press. Friedman , M. 1963 . Windfalls, the ‘Horizon...
History of Political Economy (2004) 36 (2): 323–349.
Published: 01 June 2004
... tensions in the market forces that guide consumption and investment decisions eventually precipitate a bust. This understanding ofthe market process that takes the economy through boom and bust has come piecemeal and in a leapfrog progres- sion in the writings ofMises and Hayek. Mises ﬁrst gave...