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Journal Article
History of Political Economy 11642396.
Published: 04 December 2024
... on an earl­ier draft. History of Political Economy 57:2 DOI 10.1215/00182702-11642396 Copyright 2025 by Duke University Press 308 History of Political Economy 57:2 (2025) strewn with con­ting­ ent actions and events that derail any sense of smooth prog­ res­ sion. If Henry Fawcett had not died unex­pecte­ dly...
Journal Article
History of Political Economy 11540270.
Published: 25 September 2024
... assis­tance prov­ ided in the post­war period by inter­na­tional orga­ni­za­tions, and in par­tic­u­lar by the Organization for Economic Co-opera­ ­tion and Development (OECD), infostering the devel­opm­ ent of the countries of the Global South; less evi­ dent, and thus overshadowed in the lite­ r­a­ture, has...
Journal Article
History of Political Economy 11540206.
Published: 25 September 2024
... of their contemporaries acknowl­ edged the debate such as Bowley (1934: 118) and Keynes ([1930] 1971: 72) and that Balk 2008 and Stapleford 2003 are rare cases of works in the hist­ory of econ­ om­ics lite­ r­at­ure that men­tion some of its ele­ments.3 Nonetheless, the fun­dam­ en­tals of the dis­agreem­ ent between...
Journal Article
History of Political Economy 11642412.
Published: 04 December 2024
... the beast : enacting an (unfunded) tax cut, thereby crea­ ti­ng a def­ic­ it that could then be used to just­ify defunding wel­fare prog­ rams (140). The chapt­er tells the story of how popu­ ­list sup­ply-siders allowed Reagan to break the New Deal coal­i­ tion by ral­lyi­ng segm­ ents of the work­ing...
Journal Article
History of Political Economy 11642420.
Published: 04 December 2024
... itself to ideal prec­ is­ ion. Tribe makes sev­eral sug­gest­ions on how it should be pur­sued, both on his website (keithtribecouk) and in the guidel­ines, warni­ ngs, and other interj­ ect­ ions and signp­ osts intro­duced as disc­ ont­ inu­ ­ous metanar­ rative comm­ ents in Constructing Economic...
Journal Article
History of Political Economy 11642372.
Published: 04 December 2024
... unprec­ed­ ented in the hist­ory of eco­nomic thought and hence worth invest­i­gat­ing. Naturally, there were dif­fer­ences between the Soviet Union, where sociali­sm had existed since 1917, and the countries that joined the world sociali­st sys­tem after World War II. I am not a spe­ciali­st in GDR his­tory...
Journal Article
History of Political Economy 11642404.
Published: 04 December 2024
... on polit­i­cal events. The Bundesbank itself comm­ is­sioned a proj­ect to research its his­tory and that of its pre­dec­ es­sors. The recently published results focus on eco­ nomic hist­ory and do not address the role of mone­ t­ary the­or­ies or eco­ nomic schools. The except­ion is the treatm­ ent of Karl...
Journal Article
History of Political Economy 11540278.
Published: 25 September 2024
... to the com­ mona­ l­i­ties between Menger and Aristotle. This study, on the other hand, returns to Menger s origi­n­ al argum­ ent with an eye on those ele­ments that cann­ ot be accounted for by the prev­al­ ent Arist­ ot­ el­ ian exeg­ es­ is. Specifically, we intend to com­pare sun­dry aspects of Menger s...
Journal Article
History of Political Economy 11540222.
Published: 25 September 2024
... as a thought experi­­ment. The thought exper­i­ment pro­vi­des the basic explic­ a­tion of the ecol­og­i­cal model so famili­ar to thous­ ands of stud­ ents when they first encount­er Malthus, followed by his use of that thought experi­m­ ent to crit­i­cize Robert Wallace s (1753) notion that pop­u­ lat­ion...
Journal Article
History of Political Economy 11540294.
Published: 25 September 2024
... ent on Chao Cuo s chartalist thought is par­ tic­ul­arly harsh: Although thinke­ rs in ancient times were more or less inclined to such a mon­e­tary theo­ ry of value, Chao Cuo was one of the earl­i­est and one of the most bare­faced nomi­­nal­ists in Chi­nese his­tory. All this undoubte­ dly proved...
Journal Article
History of Political Economy 11540254.
Published: 25 September 2024
..., thanks to the mode­ rn techn­ olo­ gy (233) of mar­kets. We may wond­ er whether mode­ rn mar­kets are capa­ble of pro­vid­ing them­ selves with the instru­ments of just­ice and fairn­ ess with­out referr­ ing to a trans­ cend­ ent just­ice, given that the ideal cond­ i­tions of the mar­ket (Cassel...
Journal Article
History of Political Economy 11540262.
Published: 25 September 2024
... ur­ated by Aristotle and comp­ leted by the econo­ ­mists of the first half of the twen­tie­ th cen­tury. According to the author, the emerg­ ence of the law of one price is linked to the develo­ pm­ ent of mode­ rn mar­kets and the mult­ip­ lic­ a­tion of financ­ ial prac­tices. It fol­lows...
Journal Article
History of Political Economy 11642380.
Published: 04 December 2024
... Janeiro Pontifical Catho­ l­ic University (PUCRio). It so hap­pened that this very period coin­cided with the end of the mili­­tary regime in power since 1964 and the start of the new phase of demo­ ­cratic gov­ernm­ ents in 1985. From then on, a suc­cess­ion of failed eco­nomic plans (or pack­ages...
Journal Article
History of Political Economy 11540302.
Published: 25 September 2024
... insti­tut­ional view pos­ited that econ­ om­ics is (or should be) the study of effi­cient admin­ist­ ra­tive mana­ gem­ ent. The ancient clas­sic­ al Greeks fully devel­oped this branch of knowle­ dge, which they called oikonomia and which has gene­ ra­ lly been trans­lated into English as the royal art...
Journal Article
History of Political Economy 11540286.
Published: 25 September 2024
... Stigler, Allen Wallis, Paul Samuelson, and Friedman s future wife, Rose Director) talked eco­nom­ ics and poli­­tics and tried their best to parse the opaque pron­ ouncem­ ents of Frank Knight (66 68). Burns rightly con­cludes that Room Seven was not just a break room, but rather the orig­ in point...
Journal Article
History of Political Economy 11540238.
Published: 25 September 2024
... that is not seri­ously questioned or defended in the book. This assumpt­ion is part­icu­ ­larly evid­ ent when the work of other, nonm­ ath­e­mat­ic­ al econ­om­ ists is represented as mere doc­tri­naire libe­ ral assert­ions (61). It remains for me an open ques­tion whether and how a form­ al approach makes Hurwicz...
Journal Article
History of Political Economy 11540214.
Published: 25 September 2024
... s standi­ng com­mitt­ee for the hist­ory of eco­nomi­cs, held in Jena. As the edit­or, Peter Spahn, writes in the introd­ uct­ion, The volu­ me does not rep­res­ ent an attempt at a comp­ re­ hen­sive appre­ci­at­ion of the 150-year hist­ory of the VfS, but the con­trib­ u­tions prov­ ide some...
Journal Article
History of Political Economy 11540246.
Published: 25 September 2024
... was and the pol­icy decis­ ions needed to do it. Hetzel divi­des the evo­lut­ion of US mone­ ­tary policymaking into three stages. The first stage cor­re­sponds to the period between the estab­lishm­ ent of the Fed and World War II. This period was domi­n­ ated by the real bills doct­rine and by Fed offic­ ials...
Journal Article
History of Political Economy 11642364.
Published: 04 December 2024
... implic­ a­tions for unders­tandi­ng Aquinas s eco­ nomic works.5 This text draws atten­tion to the many exchanges, addressed of Super Isaiam, 55, 1, these elem­ ents are (1) God s absol­ute desire, as a seller, for the transa­ c­ tion to take place, according to the nature of the good, the grace of God...
Journal Article
History of Political Economy (2024) 56 (S1): 311–325.
Published: 01 December 2024
... agreem­ ents, 6, 261, 266 nego­tia­ t­ ions, 3 Brit­ish Shipping Mission, 114, 116 Brit­ish Straits Settlements, 94 95 Buck, John Lossing, 141 43, 148 49 Bulgaria, 20, 156, 162n11, 163, 168n18, 171 74, 177 Bul­gar­ian National Bank (BNB), 169n20, 171 73, 176 Bunge, Alejandro, 190 Burma, 96, 135 cap­it­al...