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Journal Article
History of Political Economy (2010) 42 (Suppl_1): 315–342.
Published: 01 December 2010
...Jean-Baptiste Fleury This article investigates the expansion of the scope of economics in the 1960s. We show that the public policy problems raised by the issue of poverty reinforced the expansion, as economists became progressively involved in the social issues of the day. Until the early 1960s...
Journal Article
History of Political Economy (2012) 44 (suppl_1): 206–225.
Published: 01 December 2012
... aspects of the economy as background for their storytelling. This essay looks at the work of two realist novelists who observed economic circumstances in their time with unusual subtlety and perception. Frank Norris in The Octopus , influenced perhaps by Thorstein Veblen, described western expansion...
Journal Article
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
History of Political Economy (2009) 41 (3): 575–604.
Published: 01 September 2009
... description of the prolonged debate over the origins and nature of the so called “Chicago Monetary Tradition”, we examine Viner's analyses and policy proposals drawing particular attention to: his analysis of the Great depression; his proposals for monetary expansion and banking reform; his shift of emphasis...
Journal Article
History of Political Economy (2017) 49 (Supplement): 187–212.
Published: 01 December 2017
... of such regulations. In the process, its efforts became linked with the legacy of systems analysis, leading to legal requirements for cost-benefit analysis of regulation and the expansion of executive-branch offices oriented toward economics—changes that opened doors to the future exchange of ideas between academe...
Journal Article
History of Political Economy (2019) 51 (2): 259–296.
Published: 01 April 2019
..., the Chicagoans advocated the use of the federal government’s fiscal operations to conduct monetary policy—entailing an expansion of the size of the Fed’s balance sheet—to combat the Great Depression, the abandonment of the gold standard in favor of exchange-rate flexibility, one-hundred- percent reserve...
Journal Article
History of Political Economy (2018) 50 (S1): 152–171.
Published: 01 December 2018
.... The crisis of structuralism in the latter 1960s, following the exhaustion of “easy” import substitution, ultimately resulted in “neostructuralism” in 1990, a reformed version of the doctrine that emphasized greater equity in income distribution, expansion of export markets, aggressive pursuit...
Journal Article
History of Political Economy (2021) 53 (S1): 259–292.
Published: 01 December 2021
..., and the “structural method,” relying on direct measures from cross-sectional data and controlled experiments, Leontief engaged in the latter in an ambitious project of “expansion of the field of direct observation.” This laid the statistical foundations of what he called the “direct induction” approach to empirical...
Journal Article
History of Political Economy (2014) 46 (4): 641–675.
Published: 01 November 2014
... an expansive, liberal public sphere, in order to argue for the central role of the family in containing the “egoism” of individual male economic actors and to link its moral status with the protection of private property. Rather than the reorganization of society proposed by their socialist competitors...
Journal Article
History of Political Economy (2024) 56 (3): 417–440.
Published: 01 June 2024
... in the 1950s made economics a viable alternative to applied mathematics in an institute mostly dedicated to research in pure mathematics. The article examines how interests in mathematical economics remained active during IMPA's expansion beginning in the late 1960s. This process culminated with the creation...
Journal Article
History of Political Economy (2020) 52 (S1): 221–244.
Published: 01 December 2020
... formalized by a group of engineers and economists associated with the engineering professor Fred Schweppe, at MIT. From his position as a leading control theorist, well known in the industry, Schweppe proposed an expansion of control theory that he argued would help break the deadlock in regulatory politics...
Journal Article
History of Political Economy (2024) 56 (S1): 53–77.
Published: 01 December 2024
...Michele Alacevich Abstract Germany's expansion in Central and Eastern Europe was not just one among many aggressive moves by the Third Reich but the central strategy of the Nazi imperial project on the continent. Prominent economists, politicians, and think tanks agreed that crucial to this project...
Journal Article
History of Political Economy 11773500.
Published: 12 February 2025
... advocating for the expansion of welfare programs often held that state control or ownership of the means of production was necessary to fund social redistribution. Our findings bolster the interpretation of Hayek's central hypothesis in The Road to Serfdom as being limited to economic planning under state...
Journal Article
History of Political Economy (2025) 57 (1): 79–106.
Published: 01 February 2025
...Ross B. Emmett Abstract Examination of the second and subsequent editions of T. Robert Malthus's Essay on the Principle of Population shows that the author created a more expansive examination of his political economy of population than that of the simple model in the Essay 's first edition...
FIGURES
Journal Article
History of Political Economy (2002) 34 (1): 31–53.
Published: 01 March 2002
...Elmus Wicker Correspondence may be addressed to Elmus Wicker, Department of Economics,Indiana University, Wylie Hall 105, 100 South Woodlawn, Bloomington, IN 47405-5301. Duke University Press 2002 Angell, J. W., and K. F. Ficek. 1933a . The Expansion of Bank Credit. I. Journal...
Journal Article
History of Political Economy (2004) 36 (2): 323–349.
Published: 01 June 2004
..., “forcing” behavior that is at odds with intertemporal preferences. Forced Saving or Overconsumption? The boom-bust cycle, in the Austrian view, is an instance in which the interest rate is lowered by a centrally directed credit expansion rather than by a change in intertemporal preferences...
Journal Article
History of Political Economy (1988) 20 (2): 207–234.
Published: 01 June 1988
... does not constitute a “policy” in the new classicist view. Further, Friedman’s treatment of expectations creates a certain internal tension in his own view if his analysis is to explain more than a single episode of monetary expansion: Market partic- ipants have adaptive expectations (about...
Journal Article
History of Political Economy (1996) 28 (1): 27–55.
Published: 01 March 1996
... of economic speculation” (Kaldor 1942,363). Hayek (1984b; [ 1931 J 1967) had attempted to model the business cycle as an outcome of rational reactions to monetary expansion and subsequent distortions of the price structure. This approach and, especially, his classical view of the crisis...
Journal Article
History of Political Economy (2008) 40 (2): 397–405.
Published: 01 June 2008
..., the plausibility of the mar- ket mechanisms illuminated by my analytical framework, and my inter- pretation of Ludwig von Mises’s notions of forced saving in connection with business cycles. According to the Austrian theory, a credit expansion orchestrated by the central bank gives rise...
Journal Article
History of Political Economy (1992) 24 (2): 477–491.
Published: 01 June 1992
... a cumulative impact. In setting Austrian capital theory within this dynamic framework, Hayek’s unique contribution was to explain how monetary expansion sets in motion incentives which ini- tiate a boom, but which steadily disrupt the balance between produc- tion methods. The inevitable outcome...