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Journal Article
An Instrument Can Make a Science: Jevons's Balancing Acts in Economics
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History of Political Economy (2001) 33 (Suppl_1): 277–302.
Published: 01 December 2001
.... London: Macmillan. Johnston, Stephen. 1997 . Making the Arithmometer Count. Bulletin of the Scientific Instrument Society 52 : 12 -21. Katoh, Shoji. 1989 . Mechanics' Institutes in Great Britain to the 1850s. Journal of Educational Administration and History 21.2 : 1 -7. Kidd, A. J...
Journal Article
Instrumentalism in Schumpeter's Economic Methodology
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History of Political Economy (1990) 22 (2): 187–222.
Published: 01 June 1990
... of positive economics. In Essay in positive economics . Chicago. Giedymin , Jerzy . 1976 . Instrumentalism and its critique: a reappraisal. In Essays in memory of Imre Lakatos , 179 -207. Edited by R. S. Cohen, P. K. Feyerabend, and M. W. Wartofsky. Dordrecht. Giedymin , Jerzy . 1982...
Journal Article
Making Measuring Instruments
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History of Political Economy (2001) 33 (Suppl_1): 235–251.
Published: 01 December 2001
... . Making Things Qualitative. In Accounting and Science: Natural Inquiry and Commercial Reason , edited by M. Power, 36 -56. New York: Cambridge University Press. Perspective
Making Measuring Instruments
Mary S. Morgan
In the mid-nineteenth century, economists had many numbers but rela-
tively...
Journal Article
Fisher's Instrumental Approach to Index Numbers
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History of Political Economy (2001) 33 (Suppl_1): 313–344.
Published: 01 December 2001
.... 1960 . The Work of Ragnar Frisch,Econometrician. Econometrica 28.2 : 175 -92. Bracey, R. J. 1960 . The Technique of Optical Instrument Design . London: The English University Press. Bumstead, Henry Andrew. [1906] 1961 . Biographical Sketch. In The Scientific Papers of J. Willard Gibbs...
Journal Article
A History of Japanese Developments in Econometrics
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History of Political Economy (2011) 43 (suppl_1): 188–210.
Published: 01 December 2011
... members of the Econometric Society (established 1930) to Japan were instrumental in promoting statistical studies and inspiring Japanese students to study abroad. Eiichi Sugimoto was trained in Berlin and drew a shifting demand curve for rice over time in a three-dimensional space in 1935. After World War...
Journal Article
From Exploratory Modeling to Technical Expertise: Solow’s Growth Model as a Multipurpose Design
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History of Political Economy (2014) 46 (suppl_1): 229–251.
Published: 01 December 2014
..., it enabled experimentation with utopian long-run equilibrium growth. As an instrument of measurement, it was applied to time-series data. As a prototype, it was supposed to feed into larger-scale econometric models that were, in turn, thought of as technologies for policy advice. Used as a teaching device...
Journal Article
Ragnar Frisch's Conception of Econometrics
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History of Political Economy (2010) 42 (1): 21–73.
Published: 01 March 2010
... with the probabilistic nature of the real economic world. One can discern in these documents also that an essential part of Frisch's concept of econometrics as a science was its instrumental role in policy preparation for welfare and improvement of human conditions. Correspondence may be addressed to Olav Bjerkholt...
Journal Article
The Offer-Curve Approach to Labor Market Analysis: From Marshall-Pigou Over Robbins and Buchanan into Oblivion?
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History of Political Economy (2011) 43 (3): 537–551.
Published: 01 September 2011
... aspects as being superior to conventional approaches. The present contribution traces these episodes and investigates why there is continuing reluctance in labor market analysis to employ an otherwise well-established analytical instrument. The Offer-Curve Approach
to Labor Market Analysis:
From...
Journal Article
Credit Where Credit Is Due: Henry Thornton and the Evolution of the Theory of Fiduciary Money
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History of Political Economy (2012) 44 (3): 451–469.
Published: 01 September 2012
..., late in the eighteenth century Great Britain gave rise to a fiduciary monetary system in which the assets regularly used to make commercial payments were debt instruments issued not only by the Bank of England but also by a myriad of country banks. Furthermore, a variety of privately issued commercial...
Journal Article
Making Inferences from Index Numbers (1860–1914)
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History of Political Economy (2021) 53 (S1): 227–258.
Published: 01 December 2021
... this measuring instrument was rife with problems. Economists grappled with multiple “inferential gaps” in order to make inferences from index numbers. The extent to which these gaps could be bridged depended on the theoretical frameworks and measurement strategies used. However, it is also evident that some...
Journal Article
The Political Economy of a Modern Missionary: E. W. Kemmerer in the Philippines
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History of Political Economy (2022) 54 (3): 483–505.
Published: 01 June 2022
... with governors, bankers, and other trading interests. The network he built during his first trips to the Philippines, and well as his first publications, contributed to wide circulation of his ideas, which were then used as a lobbying instrument to disseminate a simple but multipurpose design for monetary reform...
Journal Article
How the Phillips Curve Shaped Full Employment Policy in the 1970s: The Debates on the Humphrey-Hawkins Act
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History of Political Economy (2022) 54 (4): 619–653.
Published: 01 August 2022
... eventually put on equal footing inflation and unemployment. This article argues that the economists in the Carter administration, and notably the Council of Economic Advisers, were instrumental, even if unintentionally, in favoring the integration of an inflation target and such an interpretation of the bill...
Journal Article
A Note on the Early Versions of the Tableau économique
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History of Political Economy (2023) 55 (1): 145–172.
Published: 01 February 2023
... and circulation of the three early versions of the Tableau . One of the points the authors make is that Madame de Pailly, Mirabeau's lover, acted as a go-between for the two men at that time and was instrumental in convincing Quesnay to share the Tableau with the marquis and to publish it in the sequel...
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Journal Article
Economists as Storytellers: Scenario Drafting at the International Monetary Fund
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History of Political Economy (2023) 55 (3): 577–608.
Published: 01 June 2023
.... They provided alternative versions of a hypothetical future, derived from the research staff's narrative reasoning by which the IMF researchers stitched together qualitative and quantitative assessments, macroeconomic theories, and policy preferences, and presented an instrument to guide policymaking in member...
FIGURES
Journal Article
Empirical Macroeconomics in a Policy Context: The Fed-MIT-Penn Model versus the St. Louis Model, 1965–75
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History of Political Economy (2019) 51 (3): 449–470.
Published: 01 June 2019
... reduced-form model. The models’ empirical results were instrumental to theoretical and policy discussions, while the use of different statistical approaches involved methodological dispute and partly anticipated most of the issues central in the late 1970s. References Acosta Juan Pinzón-Fuchs...
Journal Article
“Exceptional and Unimportant”?: Externalities, Competitive Equilibrium, and the Myth of a Pigovian Tradition
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History of Political Economy (2020) 52 (1): 135–170.
Published: 01 February 2020
... real-world phenomena that required addressing via “Pigovian” policy instruments. It was only in the late 1950s and 1960s, with the growing social and political concern about large-scale pollution, that externality analysis came to capture the attention of economists, but even this early work...
Journal Article
Hotelling and Wilson on Statistical Inference: Local Attitudes and Universal Dreams
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History of Political Economy (2024) 56 (3): 561–586.
Published: 01 June 2024
...Juan Carvajalino; Thomas Michael Mueller Abstract During the early 1920s, a scattered group of American scholars, among whom were Harold Hotelling and E. B. Wilson, started a joint effort to develop statistical instruments in economics. They became interested in disparate topics...
Journal Article
Staatswissenschaften and the Mathematical Policy Science of Jan Tinbergen
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History of Political Economy (2024) 56 (3): 489–512.
Published: 01 June 2024
... that developed control over new instruments of macroeconomic management. As such it can be and has been analyzed as an important contribution to economics as an engineering science. But this article demonstrates that Tinbergen also explicitly depicted the economy from the perspective of the policymaker...
Journal Article
Charles Bettelheim and World War II, or The Making of a Planning Doctor
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History of Political Economy (2024) 56 (S1): 283–304.
Published: 01 December 2024
..., and his works on Soviet statistics. It is shown how World War II affected Bettelheim from an intellectual point of view, with his study of the German economy at war, and from an institutional point of view, as his encounters during the war proved instrumental for the setting of his postwar career...
Journal Article
Wartime Economics in Italy: National Accounting and Economic Planning
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History of Political Economy (2024) 56 (S1): 259–282.
Published: 01 December 2024
... that will prevail after the war, which was instrumental for a planning policy. Both the development of an accounting system and attempts to implement economic planning contributed to the establishment of economic expertise and to the transformation of the language of economics. 16. “In a powerful, well-ordered...
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