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Journal Article
History of Political Economy (2012) 44 (suppl_1): 27–45.
Published: 01 December 2012
... of the twentieth century. We show that aggregating heterogeneous pieces of observation is necessary— even though it might seem paradoxical—and it requires the statistician be a very cunning observer. Copyright 2012 by Duke University Press 2012 This essay was supported by the French National Agency...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 60–77.
Published: 01 December 2014
.... Samuelson was then considered a narrow specialist in mathematical economics, a field in which there were few openings, and MIT made an attractive offer that contrasted with the uncertain future he faced were he to remain at Harvard. Significance is attached to the vision of what he might achieve at MIT held...
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. Correspondence may be addressed to Nahid Aslanbeigui, Department of Economics, Finance, and Real...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 127–144.
Published: 01 December 2015
... this shared aspect of their analytical systems lies far outside the contemporary modeling assumptions, it defines a form of “market failure” that does not exist in contemporary economics. It is, for both men, very definitely a failure of markets to work, but it might just as well be called a failure of market...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 253–266.
Published: 01 December 2015
... policy issues that the Walrasian general equilibrium model does not address can be addressed. These include issues such as toward which basin of attraction the economy will gravitate and how government policy might influence that gravitation. Similarly, new computational technology is allowing economists...
Journal Article
History of Political Economy (2009) 41 (4): 737–747.
Published: 01 November 2009
...Joan O'Connell In outlining his theory of economic growth and income distribution, Kaldor made a “logical slip”: while in his model, workers might save, workers' assets were accounted for. Kaldor acknowledged the strong influence of Kalecki and Keynes on his work. What is suggested here...
Journal Article
History of Political Economy (2014) 46 (3): 387–407.
Published: 01 September 2014
...C. Tyler DesRoches Among scholars of ancient economic thought, it is widely recognized that Aristotle established an upper limit to money-making. This “natural limit” has been variously construed, with some claiming that it might be settled independently of Aristotle’s ethical theory. This essay...
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 (2011) 43 (2): 317–337.
Published: 01 June 2011
...Vernon L. Smith This report summarizes some of the findings of an experimental investigation motivated by the question, How might exchange, specialization, and property—rules governing actions—emerge jointly in human economic betterment? Sparse experimental instructions in a virtual village...
Journal Article
History of Political Economy (2020) 52 (1): 135–170.
Published: 01 February 2020
... on environmental topics was less straightforwardly Pigovian than one might expect. Correspondence may be addressed to Steven Medema, Department of Economics, Duke University, Box 90097, Durham, NC, 27708-0097; email: steven.medema@duke.edu . Copyright © 2020 Duke University Press 2020 externalities...
Journal Article
History of Political Economy (2021) 53 (1): 1–34.
Published: 01 February 2021
.... Comparisons between the two authors show that they are closer than we might expect. Gilfillan rejected the hero and genius accounts of inventors and supported instead an anonymous view of the invention process. Nevertheless, as shown by previous literature, Gilfillan could not fully get rid of a genius...
Journal Article
History of Political Economy (2021) 53 (3): 425–441.
Published: 01 June 2021
... to transform nature into useable wealth. In his most famous publication, The Anatomized Spruce (1675), Kempe elaborated on the economic and medicinal benefits that a proper understanding of the spruce tree, its bark, branches, sap, roots, and needles might yield. In sharing the focus on the transformation...
Journal Article
History of Political Economy (2017) 49 (4): 667–707.
Published: 01 December 2017
... to highlight some of her choices of translation. Thus we supplement the existing interpretations of Grouchy’s choices of translation. We show that the self-interested basis of her system of sympathy might explain, at least in part, why she missed the important Smithian distinction between self-love...
Journal Article
History of Political Economy (2018) 50 (S1): 231–248.
Published: 01 December 2018
... analysis, respectively. Tinbergen, Chenery, and Adelman shared a common inductive methodology, which might rightly be called “measurement without theory,” in the sense that there was no economic theory that could help them in organizing the available messy and often unreliable data. Chenery saw a role...
Journal Article
History of Political Economy (1990) 22 (S1): 189–212.
Published: 01 December 1990
.... dissertation, "Law and economics in interwar Vienna." From Hayek to Menger 191 As a result, while there is a contrast between the work of Menger and that of Mises, Hayek, and later "Austrian" writers in this respect, the reader might well judge that it marks a move that was well made.7 Should not Menger's...
Journal Article
History of Political Economy (2010) 42 (3): 521–546.
Published: 01 September 2010
... methodology, though, also needs to be set in perspective. For example, one might well question whether, or to what extent, the practice of economics was changed by this heightened awareness of the place of language and literary form in it; that is, what, if anything, has been the broader impact...
Journal Article
History of Political Economy (1995) 27 (1): 167–171.
Published: 01 March 1995
... actually are.” To me, all this shows is that while the neglect of Marxian theory by late-nineteenth-century writers might be justified, neglect by a later generation might not be. Brewer allows even a more specific impact of Marxian theory on Sraffa and of Marxian reproduction schemes on Kalecki...
Journal Article
History of Political Economy (2001) 33 (1): 184–187.
Published: 01 March 2001
... might elicit when brought to bear in volume 2 on vital fun- damental methodological issues confronting economists in the aftermath of the for- malist revolution,or what that apparatus might elicit regarding what Perlman and McCann (hereafter PM) described as “the question of the scientific nature...
Journal Article
History of Political Economy (1992) 24 (1): 224–226.
Published: 01 March 1992
... of economics would, on looking more deeply at the question, wonder whether the grass was really that much greener on the other side. It is true that there would be greater com- munities of interest, particularly in the areas of method and concern. But comforting as these might be, would...
Journal Article
History of Political Economy (1999) 31 (4): 653–673.
Published: 01 November 1999
... a further explanation for Ricardo’s stance on this issue, one related to the state of the contemporary debate over public finance: were Ricardo to have conceded the short-run inapplicability of the Law of Markets, this might be interpreted as opening the floodgates of theoretical support for public...