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Journal Article
History of Political Economy (1975) 7 (4): 566–568.
Published: 01 November 1975
...Daniel R. Fusfeld Mark Blaug. London: Institute of Economic Affairs, 1974. Pp. xiii, 102. $6.95. Copyright © 1975 by Duke University Press 1975 [HOPE Vol. 7 (1975) No. 41 BOOK REVIEWS The Cambridge Revolution: Success or Failure...
Journal Article
History of Political Economy (2007) 39 (3): 331–358.
Published: 01 September 2007
...Steven G. Medema The Hesitant Hand: Mill, Sidgwick, and the Evolution of the Theory of Market Failure Steven G. Medema The theory of market failure brought analytical refi nement to a centuries- old concern with the impact of self-interested behavior on economic activity.1...
Journal Article
History of Political Economy (1998) 30 (Supplement): 108–133.
Published: 01 December 1998
... Economics: A Case of Reproductive Failure? Jeff Biddle Both historians and economists have speculated concerning the rea- sons for the decline in institutionalism in the second half of the twenti- eth century.1 Prominent noninstitutionalists, for example, have argued that institutionalists lacked...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 1–19.
Published: 01 December 2015
...Alain Marciano; Steven G. Medema Market failure, conceived of as the failure of the market to bring about results that are in the best interests of society as a whole, has a long lineage in the history of writings on matters economic. The goal of the present volume is to explore the contexts within...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 99–126.
Published: 01 December 2015
... theory of market failure in which depression stemmed from the failure of the financial machine to translate saving into investment. The article explores how these two views of market failure came together in the proceedings of the Temporary National Economic Committee, arguing that the ideas about...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 127–144.
Published: 01 December 2015
...Bradley W. Bateman There is very little literature that discusses the work of Adam Smith and John Maynard Keynes together. The two share, however, at least one aspect in their analysis of capitalist society that points to a common understanding of the potential for market failure. But because...
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 (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 (2015) 47 (suppl_1): 77–98.
Published: 01 December 2015
... of large-scale production techniques, methods of corporate finance, and salesmanship. Institutionalists do not use the terminology of market failure, and neither do they use the competitive model as a standard, as a way of judging departures from an ideal, but in the many references to the need for new...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 253–266.
Published: 01 December 2015
...David Colander Economists' current market failure policy frame provides a powerful lens through which to view the world and organize one's thoughts about policy. It is not the only, or most natural, frame through which to view policy, and it evolved from a broader classical policy frame...
Journal Article
History of Political Economy (2016) 48 (3): 423–447.
Published: 01 September 2016
... the difficulties Maclaurin encountered and the failure of the project to draw on the resources of MIT's scientists and engineers in the way he and Rockefeller officials had hoped and reflects on his marginalization in a department increasingly dominated by Paul Samuelson. Maclaurin's interdisciplinary approach...
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 (2019) 51 (S1): 231–252.
Published: 01 December 2019
... as the failures of third-world economic development—as well as some of the pathologies of the USSR’s own politics. Copyright © 2019 Duke University Press 2019 economic development corruption socialism bureaucracy References Andreev M. A. 1963 . “ Trudnosti razvitiia gosudarstvennogo...
Journal Article
History of Political Economy (2020) 52 (2): 239–273.
Published: 01 April 2020
... Bartley on the Turon goldfields, on which Coase based his claims of a deceitful and self-aggrandizing family, did not take place. Alfred did know where he was born and was happy to say so. Alfred’s grandfather, William, was not a forgotten business failure. Alfred’s father, also William, was neither...
Journal Article
History of Political Economy (2017) 49 (4): 575–606.
Published: 01 December 2017
... of theodicy which shaped his later view of political economy. Particular attention is paid to his earliest writing on the subject, an unpublished 1827 sermon in which he attacked the deductive and atheist political economy of Ricardo, and to a lesser extent Malthus’s principle of population. Whewell’s failure...
Journal Article
History of Political Economy (2018) 50 (1): 49–81.
Published: 01 March 2018
... to be evaluated with reference to the extent to which they promote the principles of the first. It is shown that whereas the early Marshall speaks highly of the explicitly ethical nature of cooperative organization, the later Marshall is increasingly attentive, first, to the failure of cooperative organization...
Journal Article
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...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 23–48.
Published: 01 December 2015
... the economic impact of the Poor Laws. And in Wealth and Welfare (1912), he generalized the framework, constructing a systematic analysis of market failures and the conditions under which they might be repaired. The British Tariff Reform Controversy and the Genesis of Pigou’s Wealth and Welfare, 1903...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 147–173.
Published: 01 December 2015
... pessimistic that he described it as nihilistic. This suggests that Samuelson's project of mathematizing and formalizing economic theory was a scientific failure. Paul Samuelson on Public Goods: The Road to Nihilism J. Daniel Hammond This article is an analytical history of Paul Samuelson’s writings...
Journal Article
History of Political Economy (2009) 41 (1): 57–88.
Published: 01 March 2009
... March, Corrado Gini, and other prominent economists of the time. The Harvard Economic Service, however, attracted criticism for its purely empirical approach, its failure to make consistently accurate predictions, and its pursuit of commercial objectives in a university setting. The Harvard group's...