Skip Nav Destination
Search Results for explanation
1-20 of 1548 Search Results for
History of Political Economy (1978) 10 (3): 495–498.
Published: 01 September 1978
... E. ELLIOTT Causal Explanation and Model Building in History, Economics, and the New Economic History. By Peter D. McClelland, Ithaca, New York: Cor- nell University Press, 1975. Pp. 290. $12.50. Despite sporadic forays into methodological disputation, economists have...
History of Political Economy (1996) 28 (3): 513–523.
Published: 01 September 1996
... : 438 -48. The Role of Joint Products in Adam Smith’s Explanation of the “Vent-for-Surplus” Doctrine Bruce T. Elmslie Introduction Professor Heinz D. Kurz (1992) recently uncovered an interesting and innovative explanation concerning Adam Smith’s development of the so-called vent...
History of Political Economy (1986) 18 (2): 325–333.
Published: 01 June 1986
... hour’: suggested explanation of a famous blunder J. Bradford DeLong I In 1837 Nassau Senior-Drummond Professor of Political Economy at Oxford-published his Letters on the Factory Act. These were an exercise in applied economics: Senior tried to show...
History of Political Economy (1988) 20 (4): 694–696.
Published: 01 November 1988
... overstated his case. On net, my sympathies lie with Keynes’ conclusion, but I welcome Bridel’s future attempts to continue to make his case. Certainly this first round was enjoyable and thought-provoking reading. University of North Carolina at Chapel Hill WILLIAMDARITY JR. Explanation...
History of Political Economy (2006) 38 (Suppl_1): 246–280.
Published: 01 December 2006
... Explanation to Introspection, a Journey down the Wrong Road Alan Kirman Gerard Debreu symbolizes the use of a new mathematical apparatus, an apparatus comprehended by most economists only abstractly. Nevertheless, his work has given us an improved...
History of Political Economy (2009) 41 (4): 737–747.
Published: 01 November 2009
... Explanation Joan O’Connell I In developing his two-class model of income distribution, Nicholas Kal- dor (1955–56) suggested that, although small in relation to that of the capi- talists, the marginal propensity to save of the wage earners was, in general, positive. Saving connotes wealth...
History of Political Economy (2013) 45 (4): 693–746.
Published: 01 November 2013
...Mark Aldrich After decades of decline, US prices rose about 2.5 percent a year from 1897 to World War I and then more than doubled between 1914 and 1920. Popular explanations for these events can be studied via editorials and editorial cartoons, which reflected and contributed to an outpouring...
History of Political Economy (2011) 43 (1): 161–198.
Published: 01 March 2011
...Robert A. Cord Various explanations have been put forward as to why the Keynesian revolution occurred. Some of these point to the temporal relevance of the General Theory while others highlight the importance of more anecdotal evidence, such as Keynes's relations with the Cambridge Circus. However...
History of Political Economy (2014) 46 (1): 117–148.
Published: 01 March 2014
...John H. Wood It is not generally realized how little changed monetary theory and the theory and practice of monetary policy are from the time before Keynes’s General Theory . Explanations of business fluctuations by Keynes’s predecessors closely resemble the current literature, notwithstanding...
History of Political Economy (2015) 47 (4): 631–664.
Published: 01 December 2015
...Nikolay Nenovsky; Pencho Penchev This article deals with the explanation and reconstruction of the theoretical and methodological eclecticism typical of Bulgarian economic and social thought. This eclecticism brings together extremely opposite and mutually exclusive theoretical and methodological...
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...
History of Political Economy (2016) 48 (4): 733–740.
Published: 01 December 2016
... to voluntary ones. Finally, we show that Mises considers cases beyond their strict monetary results and refers to entrepreneurial profits as being primarily psychic in nature. As a result, Mises is able to offer an explanation for why forced transactions create no net benefit, but voluntary ones cannot...
History of Political Economy (2020) 52 (1): 77–99.
Published: 01 February 2020
...David Stack This article explores the basis for the well-known hostility of William Stanley Jevons toward John Stuart Mill, and offers an alternative explanation to those which have hitherto dominated discussion. After reviewing the importance of disagreements over economic doctrine and questions...
History of Political Economy (2011) 43 (4): 625–648.
Published: 01 November 2011
... and the concept of rationality) to offer economically grounded explanations for conflicts. We explain how, through his interactions with sociobiologists and game theorists, he reduced self-interest to mere selfishness and redefined rationality to encompass emotions and feelings. The final result...
History of Political Economy (2010) 42 (Suppl_1): 105–130.
Published: 01 December 2010
... revolutions from two different traditions: the systems analysis perspective of the RAND Corporation and the rational choice analysis from the public choice school of Virginia. We situate their views with reference to explanations offered by other social scientists, especially modernization and relative...
History of Political Economy (2013) 45 (2): 223–254.
Published: 01 June 2013
...Alain Marciano This article describes the intellectual trajectory James Buchanan followed from the early 1950s, when he started to work on ``spillover effects,'' to the mid-1960s, when he had completed a consistent explanation of the efficiency of market mechanisms and private arrangements...
History of Political Economy (2017) 49 (Supplement): 78–102.
Published: 01 December 2017
... with some of the ensuing methodological disputes. The history of AGE analysis reveals how a number of developments, including computerization, have profoundly shaped applied economics. We examine the forces that came together to produce the early growth of AGE analysis, and we consider possible explanations...
History of Political Economy (2018) 50 (1): 191–219.
Published: 01 March 2018
... thus find an explanation. The permanence and evolution of Liberatore’s hostility toward political economy among the church’s present authorities is also analyzed. Correspondence may be addressed to Giacomo Costa, Facoltà di Scienze Politiche, Università di Pisa, Via Serafini 3, 56121 Italia; e-mail...
History of Political Economy (2009) 41 (2): 219–247.
Published: 01 June 2009
...Mark Blaug Piero Sraffa published Production of Commodities by Means of Commodities in 1960, and this enigmatic little book invited explanations of its meaning, particularly as its subtitle, Prelude to a Critique of Economic Theory , held out hopes of an ambitious research program. In the almost...
History of Political Economy (2009) 41 (Suppl_1): 88–106.
Published: 01 December 2009
... had led to its failure to produce a unified theoretical explanation of economic dynamics. The way out was seen in the adoption of the general equilibrium research agenda, shifting thus the focus on existence and stability issues. This, however, has implied the acceptance of the divorce of the theory...