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Journal Article
History of Political Economy (2020) 52 (1): 135–170.
Published: 01 February 2020
...Steven G. Medema The notion of a Pigovian tradition in externality theory, against which Ronald Coase and others reacted beginning in the 1960s, has a long history. This article, though, suggests that the literature of economics evidences no such tradition, and that the discussion of externalities...
Journal Article
History of Political Economy (2013) 45 (2): 223–254.
Published: 01 June 2013
... in the presence of externalities. We show that, in contrast with what most economists admit, Buchanan argued that, even if externalities are a cause of ``market failures,'' this cannot be used to legitimate the intervention of the state, because individuals tend to pay for the external effects their actions...
Journal Article
History of Political Economy (1989) 21 (4): 635–639.
Published: 01 November 1989
...: are they really conclusive? Economic Notes , forthcoming. History of Political Economy 2 I :4 0 1989 by Duke University Press CCC 00 18-2702/89/$1.50 Distinguishing “internal” from “external...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 1–19.
Published: 01 December 2015
... of Political Economy. Copyright 2015 by Duke University Press 2015 This content is made freely available by the publisher. It may not be redistributed or altered. All rights reserved. market failure externalities welfare economics References Akerlof G. A. 1970 . “The Market...
Journal Article
History of Political Economy (2015) 47 (4): 547–575.
Published: 01 December 2015
... Henry Cunynghame addressed the consequences that an increase in the supply of goods might have for individual utility when this includes external effects such as a desire for display and distinction. Such interdependencies in consumption were also taken very seriously by A. C. Pigou who, in successive...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 174–198.
Published: 01 December 2015
...Marianne Johnson The core of public economics traditionally addresses two situations of market failure: externalities and public goods. While externalities fit neatly into neoclassical economics, public goods proved substantially more difficult to pin down. An interesting thread in the story...
Journal Article
History of Political Economy (2020) 52 (4): 741–772.
Published: 01 August 2020
... texts, during his period as director in Madrid of the economics section of the Publishing Aguilar (1945–60). With his work, Torres provided a guide to those responsible for economic policy to introduce the urgent changes needed by the Spanish economy, due to its problems of external deficit, inflation...
Journal Article
History of Political Economy (2018) 50 (S1): 152–171.
Published: 01 December 2018
...Joseph L. Love Latin American structuralism, first promulgated in 1949 by the Argentine economist Raúl Prebisch, held that Latin American economies were characterized by heterogeneous technologies, structural unemployment, external disequilibrium, and secularly deteriorating terms of trade...
Journal Article
History of Political Economy (2019) 51 (4): 703–729.
Published: 01 August 2019
... trade. In this connection, the paper investigates Genovesi’s idea that the maintenance of a country’s “trading fund” should be the fundamental objective for its internal and external trade policies. These policies, according to Genovesi, should be consistent with the context of the body politic under...
Journal Article
History of Political Economy (2012) 44 (1): 113–155.
Published: 01 March 2012
...Jean-Sébastien Lenfant The development of ordinalism was fostered by the idea of dispensing with external psychological arguments in utility theory and building the whole theory of the consumer upon indifference curves (and maps). Yet the pioneers of ordinalism, Fisher and Pareto, did not make...
Journal Article
History of Political Economy (2011) 43 (2): 317–337.
Published: 01 June 2011
..., and exchange. There is no external enforcement of contracts and (in one series) no rules preventing “theft.” Group performance—either in success or in failure—well illustrates Hume's notion of rules as conventions that arise, or not, through common experience and by consent. In shaming or praising each other's...
Journal Article
History of Political Economy (2012) 44 (2): 277–330.
Published: 01 June 2012
... between external disequilibrium and inflation. Furtado formulated and tried to implement in 1962–63 the first structuralist stabilization plan—called the Three-Year Plan—in a Latin American country, based on “gradualism” and regarded as an alternative to stabilization policies sponsored by the IMF...
Journal Article
History of Political Economy (2014) 46 (1): 33–54.
Published: 01 March 2014
... was to build a model of consumer choice, drawing on Gossen, to address what he saw as essential theoretical issues. The completion of the book project took almost twenty years (it was not published until 1983), during which external circumstances and analytical difficulties gradually eroded the initial...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 153–174.
Published: 01 December 2014
... internally (within MIT) and externally (among other economics departments). We analyze the contribution of economists associated with MIT to the production of textbooks in economics and identify certain characteristics that help us to better understand the perceptions about this department and its role...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 272–294.
Published: 01 December 2014
... in the 1940s to come over to Chicago, which Schultz persistently repeated over three years and despite strong Chicago faculty resistance. A contrast between Schultz’s own experiences as an economic expert at Iowa State, Samuelson’s work as an external consultant for the National Resources Planning Board during...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 188–210.
Published: 01 December 2011
...Aiko Ikeo In Japan the systematic collection of economic data, including the prices of such commodities as rice, started for policy purposes in the sixteenth century. Yet such external impacts as the Tokyo meeting of the International Statistical Institute (1930) and the visit of two founding...
Journal Article
History of Political Economy (2011) 43 (1): 199–223.
Published: 01 March 2011
... and insights associated with the Office of Research, Plans, Programs, Evaluation, brought the evaluation perspective of RAND to government spending and gradually began to dominate. This essay examines the internal and external pressures of the period and uses the insights of Randall Collins, Michael Farrell...
Journal Article
History of Political Economy (2009) 41 (1): 143–162.
Published: 01 March 2009
... are necessary for inferring complex probabilities, as the ones defined by Bayes's theorem—an enlargement of the frequentist tradition as defined by Venn. The notion of probability is objective; the passage from the objective sphere to the epistemic one requires rules external to the theory of probability...
Journal Article
History of Political Economy (2013) 45 (suppl_1): 166–190.
Published: 01 December 2013
... the economic situation—in the framework of their economic worldviews—to the public at large, that is to say, both communicating their views externally and disturbing the internal status quo of economic thinking at the Federal Reserve. Federal Reserve Bank Presidents as Public Intellectuals Rob Roy McGregor...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 15–44.
Published: 01 December 2014
... of Samuelson and Robert Solow, worked to make their graduate program the most appealing in the country, and gained wide public visibility as policy-oriented scientists. Yet, beginning in the midsixties, MIT’s apparently flourishing community was increasingly challenged, internally and externally. By the early...