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Journal Article
History of Political Economy (2014) 46 (2): 307–331.
Published: 01 June 2014
... possible government are unimodal: if the ideal, austere regime such as Sparta (with equal property for all, and focused on virtue-in-arms) is not achievable, one should prefer the given stratified society, partial and non-virtue-directed redistribution being the worst option. Correspondence may...
Journal Article
History of Political Economy (2015) 47 (1): 151–184.
Published: 01 March 2015
... and (trade-induced) opulence as two mutually alternative options and, if required to make a choice, he had no hesitation in choosing the former. By contrast, Ricardo excluded any such trade-off, arguing that even in the case of war or poor domestic harvest, foreign agricultural countries would be seriously...
Journal Article
History of Political Economy (2017) 49 (1): 1–30.
Published: 01 March 2017
..., neither Roosevelt nor his influential inner circle, a group known as the Brains Trust, had very strong views on gold or the dollar. They did believe in the need to experiment, and tinkering with the currency was a possible area for experimentation, but it was an option with a low priority...
Journal Article
History of Political Economy (2017) 49 (1): 113–136.
Published: 01 March 2017
... proposal in his 1815 pamphlet, Grounds of an Opinion . Malthus (1803) argued that the contemporary British unbalanced and manufacturing export–led growth pattern was not sustainable in the long term; accordingly, he proposed food self-sufficiency as a safer long-term policy option than free foreign corn...
Journal Article
History of Political Economy (2006) 38 (3): 531–545.
Published: 01 September 2006
...- fusion about algebra and probability as well as about options and futures or bonds. 1. The Diffi cult Distinction between “Vernacular” Economics and “Academic” Economics 1.1. “Vernacular” Economics and “Academic” Economics in Nineteenth-Century France Toward the end of the nineteenth century...
Journal Article
History of Political Economy (2004) 36 (2): 351–386.
Published: 01 June 2004
... Market Report . 1875 . New York: L.W. Hamilton & Co. Stocks and Stock-Jobbing in Wall-Street, with Sketches of the Brokers, and Fancy Stocks . 1848 . New York:New York Publishing Company. Sullivan Edward J., and Timothy M. Weithers. 1991 . Louis Bachelier: “The Father of Modern Option...
Journal Article
History of Political Economy (2021) 53 (2): 279–311.
Published: 01 April 2021
... la finance mathématique . Besançon : Presses Universitaires Franc-Comtoises . Cuoco Domenico Barone Eugenio . 1989 . “ The Italian Market for ‘Premium’ Contracts: An Application of Option Pricing Theory .” Journal of Banking & Finance 13 , no. 4 : 709 – 45 . Davis Mark...
Journal Article
History of Political Economy (1995) 27 (Supplement): 33–38.
Published: 01 December 1995
... of this kmd is to derive ad- ditional criteria by which options may be singled out as uniquely rational (Levi 1986 is an interesting exception who allows more than one option to be rationally choosable even though the decision maker may not be indifferent between them). One of the few formal analyses...
Journal Article
History of Political Economy (2006) 38 (3): 547–554.
Published: 01 September 2006
... between Options and Other Securities Regnault refers in his book to “opérations à terme,” which can be “au comptant ou à découvert” (1863, 58, 104–10), as well as to the “spécula- teur à découvert,” who buys and sells without having the means or the intention of delivering the securities. Moreover...
Journal Article
History of Political Economy (1994) 26 (3): 423–441.
Published: 01 September 1994
... at work but, in addition to denying that Smith held to real bills, he holds that Smith did not see reflux as either preventing or undoing the harm caused by overissue. Fetter (1969, Checkland (1975a; 1975b), and Santiago-Valiente (1988) do not explicitly discuss the topic. Option Clause...
Journal Article
History of Political Economy (2002) 34 (Suppl_1): 17–34.
Published: 01 December 2002
... departments; holding onto old curricula for inertial or conservative reasons simply is not an option in this scenario. It is true that they had the history of economics in their course lists fifty years ago, and that they have it there today; but this will have been the result of critical reflection...
Journal Article
History of Political Economy (1975) 7 (2): 252–260.
Published: 01 June 1975
... of Economic Thought as a compulsory course requirement, and many departments do not even offer it as an optional subje~t.~Those places that do “offer” the subject frequently provide “potted guide” type courses with the teacher often a non- or semi-specialist-the teacher himself sent out to graze...
Journal Article
History of Political Economy (2015) 47 (2): 335–341.
Published: 01 June 2015
... are interested in the dogma from an economic perspective. Now, if a person thinks that she needs a commodity to satisfy a need, what alternatives does she have? There are several ways to get it, one of which is to produce it. Another option is theft, that is, to take it away from another person either...
Journal Article
History of Political Economy (2012) 44 (1): 97–111.
Published: 01 March 2012
... of operation of the railroads was between government ownership and oper- ation on the one hand (the “public” option) and regulated cartel opera- tion on the other (the “private” option). Taken in this context, Dupuit’s dim view of the “private” option was not so much an endorsement of the “public” option...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 316–331.
Published: 01 December 2016
... the denominator and thus reduces Xi; a reward incre- ments the numerator proportionately more than the denominator and thus increases Xi. 3. Response tendencies compete to become active in winner-take-all fashion. This simple model behaves rationally in choosing between two options that pay...
Journal Article
History of Political Economy (1985) 17 (3): 419–454.
Published: 01 September 1985
Journal Article
History of Political Economy (2013) 45 (3): 443–474.
Published: 01 September 2013
... – 11 . Belkacem Lotfi . 1996 . Processus stables et applications en finance . Paris : Université Paris IX Dauphine . Black Fischer Scholes Myron . 1973 . “ The Pricing of Options and Corporate Liabilities .” Journal of Political Economy 81 ( 3 ): 637 – 54...
Journal Article
History of Political Economy (1997) 29 (suppl_1): 189–211.
Published: 01 January 1997
... this stance, at least as an option. J. Ron Stanfield (1983) calls it the cultural relevance function of the scientist, though he still subordinates it to the policy relevance function. In his sympathetic treatment of institutionalists, Allan Gruchy (1947) criticizes Thorstein Veblen...
Journal Article
History of Political Economy (1997) 29 (suppl_1): 172–188.
Published: 01 January 1997
... market also justifies the use of core assumptions and so makes the Modigliani and Miller results, as well as the arbitrage argument in the c a p m , stronger. Another example is the later Black-Scholes options pricing formula, which was derived in 1971 (although not published...
Journal Article
History of Political Economy (1995) 27 (Supplement): 53–60.
Published: 01 December 1995
... as, right now, we can only hope that the hy- potheses we accept are true, we can, right now, only hope that the choice we make is the best possible given our options and preferences5 Some claim that valid inductions and rational choices are things we can deliberately do, but that depends...