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History of Political Economy 81–110.
Published: 26 August 2021
... of numbers than on the formal conformity of data and economic programs with expectations of the IMF bureaucracy. For programs and statistics to be considered consistent , tables of estimates must be filled out, even when data are missing, and the economic diagnosis must comply with monetarist-dominant...
History of Political Economy (2014) 46 (1): 55–83.
Published: 01 March 2014
..., with his identity as Diogenes the Cynic cloaked in anonymity, could be tendentiously misconstrued as a representative of the poor and lowly. It is concluded that Smith’s commitment to what I call “optimistic deism” must be regarded as deeply suspect and more probably nonexistent, and that as far as “real...
History of Political Economy (2011) 43 (2): 375–378.
Published: 01 June 2011
...Philip Bennett Why is economics a field where mainstream journalism generally follows and seldom leads? Why is there so little independent, original journalistic inquiry, and as a result so few earth-shaking scoops or must-read revelations? Economics confounds many journalists assigned to cover...
History of Political Economy (2018) 50 (S1): 41–58.
Published: 01 December 2018
... are characterized by their ingenuity; second, that a nation of such people, with such abundant land and separated from the institutions and antagonisms of Europe, needs a different system of economic ideas for understanding its development prospects; third, that any apt system of ideas must spotlight the role...
History of Political Economy (2009) 41 (Suppl_1): 304–314.
Published: 01 December 2009
... suppression of such complicating details in order to permit a better grasp of the overall workings of the economic machine. Such details are the task of the microeconomist, whose work must supplement the macro insights so that, together, we will obtain a fuller understanding of the growth process and how...
History of Political Economy (2012) 44 (suppl_1): 226–249.
Published: 01 December 2012
... of shocks shows that James Bogen and James Woodward’s distinction between data and phenomena must be substantially relativized if it is to be at all plausible. Observing Shocks Pedro Garcia Duarte and Kevin D. Hoover 1. The Rise of Shocks Macroeconomists have observed business cycle fluctuations...
History of Political Economy (2013) 45 (suppl_1): 1–19.
Published: 01 December 2013
... then and now have been occupants of the public sphere, and to understand their encounters with the public we must appreciate the expectations they bring to the meeting and the institutional contexts that enable the encounters. The unifying claim of our collection is that economists’ public interventions have...
History of Political Economy (1992) 24 (1): 204–207.
Published: 01 March 1992
... on the implicit assumption that a hard-and-fast line of distinction can and must be drawn between the history of economic thought and economics proper. I have the impression that Schabas views the history of economics as the study of the path along which, in a line of continuous development from certain...
History of Political Economy (1972) 4 (2): 587–602.
Published: 01 June 1972
...*, since then solmeone would have actudly given much labor to lacquire them and must hiave thought the effort worthwhile. In &he cost-of-produetion theory od value, valw is ex post (as indeed it is in the revealed preference theory of value: economics has a remarkable cyclicdity). We have to ask...
History of Political Economy (1986) 18 (1): 87–110.
Published: 01 March 1986
... was a ‘transitional necessity’ also for Russia; whether, as the Zapadniki (‘Westernisers’) believed, Russia too must accept the economic, social and political institutions of western and central Europe or whether, as the Slavophiles thought, she could preserve her national individuality and originality. Put...
History of Political Economy (1984) 16 (1): 107–134.
Published: 01 March 1984
...): 381-405, esp. n. 31, p. 390. Following Soudek and Spengler, Barry Gordon agreed that utility was a determinant of value in Aris- totle’s model of exchange, but pointed out that Aristotle’s distinction between fine and useful arts implied that labor cost must also be taken...
History of Political Economy (1975) 7 (1): 36–42.
Published: 01 March 1975
... is arrived at by allowing for leakages only through saving and imports. In the case where saving is taken to be the only leakage, the additional saving must be equal to the original net expenditure. Similarly, the increase in saving, in imports, and in payments to the public sector must...
History of Political Economy (1987) 19 (2): 207–215.
Published: 01 June 1987
... of consumption spending by landlords-must , at each moment, enter as an essential determinant of the relative price and of the profit rate. Related views have more recently been expressed in Hollander 1979, Ran- kin 1980, and Eygelshoven & Kuipers 1981. The purpose of the present article...
History of Political Economy (2009) 41 (2): 383–406.
Published: 01 June 2009
... must part company with O’Donnell on virtually every aspect of his interpretation, I can agree with him to an extent on the fur- ther point he makes regarding Smith’s “real measure of exchangeable value,” which, he claims, was designed to identify changes in value result- ing from changes...
History of Political Economy (1991) 23 (4): 625–643.
Published: 01 November 1991
... market rate towards the natural rate. Keynes of the Treatise, being more impressed with the powers of the Exchange than the powers of the banks, saw this as a stock-flow problem. The interest rate must clear the market for the existing stock of outstanding securities, even if the ultimate...
History of Political Economy (1988) 20 (2): 173–190.
Published: 01 June 1988
... CCC 0018-2702/88/$1.50 Marx, Malthus, and wages Allin Cottrell and William A. Darity Jr. I Did Marx hold that under mature capitalism the wages of the mass of the working class must be subject to a secular downward tendency? If so, did he have a coherent...
History of Political Economy (1979) 11 (2): 199–212.
Published: 01 June 1979
... of the invester in not spending his capital; such a reward must clearly increase as its period of fruition is deferred, and the in- creased amount of investment must also be a factor in its con- 7. This letter (Darwin to Jevons, 27 Sept. 1873) was not printed in Jevons (1886...
History of Political Economy (1985) 17 (2): 187–197.
Published: 01 June 1985
....” Socrates is afraid that the dealer in the food of the soul is like the dealer in fruits who must be watched for the exaggerated claims he might make about his product: We must take care my friend, that the sophist does not deceive us when he praises what he sells, like the dealers wholesale...
History of Political Economy (1986) 18 (3): 479–484.
Published: 01 September 1986
...- tographed text of his Lectures (1928-29) on the Advanced Theory of Value. Then I also proceed to the more general conclusion that Sraffa must be taken on what he does say; on what he does not say, he is simply silent. I hint at some of the difficulties besetting those who occasionally appear...
History of Political Economy (1988) 20 (1): 1–14.
Published: 01 March 1988
... of Sraffa’s (1960) distinction between basic and non-basic goods. Brewer Cantillon and theory of value 3 In a market economy they will be governed by the choices of the class of landowners, each spending their own rent income. Land must be allocated according to the amount...