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Journal Article
History of Political Economy (2013) 45 (2): 287–309.
Published: 01 June 2013
...Joseph Persky The study of luck in moral and political philosophy has generated two camps: the ``luck egalitarians,'' who see justice as demanding aggressive efforts to reduce inequalities produced by luck broadly conceived, and the advocates of ``democratic equality,'' who emphasize traditional...
Journal Article
History of Political Economy (2022) 54 (5): 859–877.
Published: 01 October 2022
...Maria Pia Paganelli Abstract What are the causes of prosperity? In addition to the division of labor, saving, capital accumulation, and good institutions, Adam Smith explains opulence through vanity and luck, two variables we tend to forget today. For Smith, wealth comes from our propensity...
Journal Article
History of Political Economy (2003) 35 (Suppl_1): 309–337.
Published: 01 December 2003
..., and the Origins of Mathematical Probability Edith Dudley Sylla The origins of mathematical probability are usually traced to the 1654 correspondence of Blaise Pascal and Pierre de Fermat about games of luck,and then to Christiaan Huygens’s 1657 On Reckoning in Games of Luck,which was motivated...
Journal Article
History of Political Economy (2024) 56 (5): 947–949.
Published: 01 October 2024
... created around himself. If a generation later Smith had had the luck of a Zinzendorf who would produce translations that educate the public in a Smithian spirit, as it happened in Prussia very soon after the appearance of The Wealth of Nations , Austria might have been spared the fate of lagging behind...
Journal Article
History of Political Economy (2013) 45 (4): 761–763.
Published: 01 November 2013
... Theory, Psychology, Mathematics, and Other Disciplines, 1870–1910  373 Joseph Persky Utilitarianism and Luck  287 Antonella Rancan Modigliani’s and Simon’s Early Contributions to Uncertainty (1952–61)  1 Neri...
Journal Article
History of Political Economy (2024) 56 (5): 951–954.
Published: 01 October 2024
... evolution, emerging in tandem with the capitalist mode of production and its conditions of poverty, alienation, and degeneration. Socialism argued that structures of inequality and exploitation have produced artificial barriers of class, birth, luck, and inheritance. Radical change is necessary to transform...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 12–24.
Published: 01 December 2004
.... 2. On Keynesian Economics and the Economics of Keynes: A Study in Monetary Theory (New York, 1968). 14 Robert E. Lucas Jr. At Berkeley, I took economic history courses from Carlo Cipolla and David Landes, which in hindsight was amazing good luck. Landes taught a seminar course for first...
Journal Article
History of Political Economy (1981) 13 (4): 857–860.
Published: 01 November 1981
... will permit further growth in size and efficiency, depending on the entrepreneur’s ability and luck. The process can be interrupted at any time, and any firm can go broke; but failure is more likely to befall the small firm than the large. Book reviews...
Journal Article
History of Political Economy (2016) 48 (4): 681–704.
Published: 01 December 2016
... includes luck among its objects of defiance. Since she was not winning strikingly, the next best thing was to lose strikingly. She controlled her muscles, and showed no tremor of mouth or hands. Each time her stake was swept off she doubled it. Many were now watching her, but the sole...
Journal Article
History of Political Economy (1976) 8 (2): 297–302.
Published: 01 June 1976
... and the legitimist Frenchman of small ownership. Mr. Senior thinks that the small proprietor has neither security nor comfort, and that it is much better for him to be in the employ of a large proprietor and have nothing to fear from bad luck or bad seasons. M. Tocqueville refuted his argu...
Journal Article
History of Political Economy (2023) 55 (2): 205–213.
Published: 01 April 2023
...’ of Adam Smith's Theory of Value,” v. 51, no. 4, pp. 753–77 Terry Peach, “Adam Smith's Labor Theory of (Real) Value: The Case of a Misfiring Critique,” v. 52, no. 1, pp. 171–90 Maria Pia Paganelli, “Vanity and Luck in Adam Smith’s Economic Growth,” v. 54, no. 5, pp. 859–77 Jocelyn Hickey...
Journal Article
History of Political Economy (2023) 55 (S1): 55–74.
Published: 01 December 2023
... of the young girl selling walnuts, the much-too-worldly presentation of an eight-year-old coster-girl at a penny gaff, and the palpable fatigue of a young mother. We read about the physical challenges of the ingenious toymaker, and smell the inside of the pub where our subject's luck is running bad...
Journal Article
History of Political Economy (2004) 36 (1): 187–193.
Published: 01 March 2004
... on the NationalDebt Enquiry 191 Your memories of the “Wasps” are flattering.11 I wish it were not too late to give up Economics and try my luck on the stage, but I’m afraid it is! Show this to Lionelif you care. Yours ever [signed...
Journal Article
History of Political Economy (2000) 32 (1): 103–137.
Published: 01 March 2000
... of Marxism: The Political Concepts of Soviet Ideology, Maoism, and Humanist Marxism . Translated by Ewald Osers. New York: Holt, Rinehart, and Winston. Letter from Leipzig party representative to Behrens ,22 February. 1950 . BBAW Nachlass Behrens, file 177. Luck, Herbert. 1957 . Bemerkungen zum...
Journal Article
History of Political Economy (1993) 25 (3): 413–433.
Published: 01 September 1993
... was related to uncertainty; it consisted of luck, because unless the outcome was “un- predictable . . . there is no game” (63). When making an ethical comparison between competition and so- cialism as games, Knight believed that “it is absurd to speak of equal- 9. For those interested...
Journal Article
History of Political Economy (1985) 17 (4): 619–635.
Published: 01 November 1985
... be great luck if their collective appraisals caused them to hit precisely upon the value G (Harrod 1948, 86). In spite of this, Harrod refers to “a state of mind” which will keep the economy growing at a steady rate. “I define Gas that over-all rate of advance which, if executed...
Journal Article
History of Political Economy (2018) 50 (1): 221–227.
Published: 01 March 2018
... the putative reaction to two further features of the Marx-Mill relation that come to mind on reading Persky and which I believe should be taken into account to arrive at a complete picture. Firstly, consider the observation that Mill “saw no speedy transition to the institu- tions required by luck...
Journal Article
History of Political Economy (1997) 29 (4): 675–684.
Published: 01 November 1997
... conditions or simply bad luck-which do not involve any impropriety on the part of others unless a prior agreement to compensate at a given price had been entered into. Perhaps the proposition that the notion of injury is “similar” to or “parallels” the concept of cost means that although Smith...
Journal Article
History of Political Economy (2003) 35 (Suppl_1): 14–41.
Published: 01 December 2003
... in founding Bordeaux’s royal academy of sciences (Michaud and Michaud 1998, 27:588–89; Roche 1978, 1996, 131). Writing of the Dutch East India Company, he noted that its great successes are the result of luck that rendered [Holland] the sole Sovereign of trade in Cinnamon, Nutmeg, and Cloves...
Journal Article
History of Political Economy (1999) 31 (1): 29–52.
Published: 01 March 1999
... of financial responsibility, is the Entrepreneur’s income not a form of interest (see chaps. 10 and 11)? Can the Entre- preneur take any credit for profit, or is it sheer luck? Profit arises out of the inherent, absolute unpredictability of things, out of the sheer brute fact that the results of human...