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Journal Article
The Puzzle of Marx’s Missing “Results”: A Tale of Two Theories
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History of Political Economy (2013) 45 (3): 475–504.
Published: 01 September 2013
... satisfactorily resolving it. This article addresses the question by linking Marx’s omission to a larger set of revisions made to arguments he developed in earlier drafts of Capital . It identifies two distinct theoretical accounts of the phenomenon of surplus value in these drafts, based respectively on Marx’s...
Journal Article
Adam Smith’s “Collateral” Inquiry: Fashion and Morality in The Theory of Moral Sentiments and The Wealth of Nations
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History of Political Economy (2013) 45 (3): 505–522.
Published: 01 September 2013
... and economic phenomenon, and that this analysis fits neatly within the boundaries set by his examination of morality in The Theory of Moral Sentiments and the political economy of The Wealth of Nations and Lectures on Jurisprudence . Moreover, the article will argue that an examination of this aspect...
Journal Article
Social Interdependencies in Consumption: An Early Economic Debate on Social Distinction, Emulation, and Fashion
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History of Political Economy (2015) 47 (4): 547–575.
Published: 01 December 2015
... to become problematic. Both Marshall and F. Y. Edgeworth remained skeptical toward the theoretical treatment of externalities in consumption, offering reasons of both practical and analytical relevance. In the same period in the Economic Journal , Caroline Foley (1893) analyzed the phenomenon of social...
Journal Article
Where Did John von Neumann's Mathematical Economics Come From?
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History of Political Economy (2022) 54 (5): 823–858.
Published: 01 October 2022
.... In the Earle seminar, an international community of historians and political and social scientists concerned with stability, strategy, and security issues investigated war as a social phenomenon from the perspectives of international relations and military history. In some of their discussions, homo ludens...
FIGURES
Journal Article
Allocating Airport Slots: The History of Early Applied Experimental Research
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History of Political Economy (2017) 49 (Supplement): 240–263.
Published: 01 December 2017
... the naturally occurring phenomenon to its study in a laboratory only to return back with a policy recommendation. This demonstrates that applied experimental economics research went hand in hand with the emergence and rise of experimental economics in the 1980s. Correspondence may be addressed to Andrej...
Journal Article
The Baffling New Inflation: How Cost-Push Inflation Theories Influenced Policy Debate in the Late-1950s United States
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History of Political Economy (2015) 47 (4): 605–629.
Published: 01 December 2015
... of this peculiar phenomenon. When the recession of 1958 was accompanied by a steady increase in general prices, some experts took this as further supporting evidence for cost-push inflation. Against the background of this atypical inflation, the US Congress, then ruled by the opposition Democratic Party, initiated...
Journal Article
History of Political Economy 11857050.
Published: 10 April 2025
.... The article shows how the sense of urgency generated by Cold War geopolitical considerations attracted the interest of the economics profession at large to the phenomenon of chronic inflation in Latin America. At the same time, it imposed the standards embraced by the mainstream onto a debate that had so far...
Journal Article
Replicability, Reproducibility, and Robustness: Comments on Harry Collins
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History of Political Economy (1991) 23 (1): 143–155.
Published: 01 March 1991
...)
routine checking of the implementation of a given study, (2) replication
of the results, and (3) reproduction of the phenomenon. I introduce the
extra level because, like Allan Franklin and Colin Howson, I wish to
separate replication, “where the replicator’s procedures are intended to
be very...
Journal Article
Economists’ Responses to Anomalies: Full-Cost Pricing versus Preference Reversals
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History of Political Economy (1997) 29 (suppl_1): 253–272.
Published: 01 January 1997
...’ reactions to the discovery
in the 1970s of the “preference reversal” phenomenon. These two case
studies suggest relevant conclusions about the evolution of economic
methodology.
1. The Full-Cost Pricing Controversy
In 1939 the Oxford economists R. L. Hall and C. J. Hitch published...
Journal Article
Vilfredo Pareto and Marginalism
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History of Political Economy (1972) 4 (2): 406–425.
Published: 01 June 1972
... in the economy; and (4) a counterblast
to socialism, particularly to Marxism. ”
3. Aside from the intrinsic complexities, there are complexities of another kind
which arise when a particular phenomenon is analyzed. There are many ways
in which to view the subject of analysis. For instance, the four...
Journal Article
The Austrian Subjectivist Theory of Interest: An Investigation into the History of Thought
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History of Political Economy (1999) 31 (4): 774–775.
Published: 01 November 1999
... it as a macroeconomic phenomenon. Menger distinguished between rates
of interest as a return on loanable funds and the concept of yield on physical assets,
but he did not clarify the difference between interest and profit.
It becomes clear how, in attempting to eschew productivity explanations for
interest...
Journal Article
Economics as a Moral Science: The Political Economy of Adam Smith
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History of Political Economy (1999) 31 (4): 775–776.
Published: 01 November 1999
..., that is,
treating it as a macroeconomic phenomenon. Menger distinguished between rates
of interest as a return on loanable funds and the concept of yield on physical assets,
but he did not clarify the difference between interest and profit.
It becomes clear how, in attempting to eschew productivity...
Journal Article
The kinked demand curve analysis of oligopoly
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History of Political Economy (1983) 15 (4): 621–622.
Published: 01 November 1983
... was developed, and the phenomenon it
was meant to explain, even granting for the moment that it was real and not
a statistical artifact, belongs to quite a distant period of economic history.
Yet the scripture continues to be repeated. Is the text book reader to gather
that the theory...
Journal Article
Measuring Inequality: Pareto's Ambiguous Contribution
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History of Political Economy (2009) 41 (1): 183–208.
Published: 01 March 2009
..., where preliminary defi nitions
are crucial.4 From this point of view, Pareto was particularly rigorous and
scrupulous. But this did not stop him from designating the term lesser
inequality to mean a phenomenon that does not correspond to any of the
commonly accepted meanings of the term, either...
Journal Article
Chapman on the Remuneration of Employers
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History of Political Economy (1971) 3 (2): 373–382.
Published: 01 June 1971
... of the change in paradigm.
The most hprtant key to an understanding of the phenomenon
is the rewgaition that in any a& of exchange .the individual partic-
ipates both as a demander and as a supplier. To dmand one thing
is to supply another. For example, consider an individual in a two-
good...
Journal Article
Georg Friedrich Knapp Was Not a “Chartalist”
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History of Political Economy (2020) 52 (4): 773–793.
Published: 01 August 2020
... cases money was a pre-market phenomenon (2006: 72; emphasis added). Neochartalist Randall Wray (1998: 18) expresses the same idea: In the Chartalist approach, money is a creature of the state; at least in the case of modern money, examples of stateless money are hard to come by. The state defines...
Journal Article
Methodological Individualism or Methodological Atomism: The Case of Friedrich Hayek
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History of Political Economy (2007) 39 (1): 47–80.
Published: 01 March 2007
... an exhaustive expla-
nation of the phenomenon it is applied to.5 Although Frank Hahn, another
prominent mainstream economist, tends to prefer the label of neoclassical
economist, it can be seen that he regards himself as a methodological indi-
vidualist. For example, he writes: “I am a reductionist...
Journal Article
Narrative Inference with and without Statistics: Making Sense of Economic Cycles with Malthus and Kondratiev
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History of Political Economy (2021) 53 (S1): 113–138.
Published: 01 December 2021
... of the internal relations of a phenomenon to suggest why and how it appears repetitive, rather than because it is a simple pat- tern of output response that can be matched to an input. Narrative forms used at such sites provide not just a means or method of communication like a piece of rhetoric, any more than...
Journal Article
Memoirs of an Unregulated Economist . By George J. Stigler. New York: Basic Books, 1988. xi, 228 pp. $17.95
Available to Purchase
History of Political Economy (1990) 22 (2): 408–409.
Published: 01 June 1990
... School itself, of which Stigler is, of course,
a major promoter, and that promotion continues without abatement in this
volume. Chicago is the home of most of the authors favorably cited: an in-group,
self-citation-group phenomenon (what Kenneth Boulding calls a co-citation
coterie). Other...
Journal Article
The Emergence of a Vision: The Development of Schumpeter's Theory of Entrepreneurship
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History of Political Economy (1990) 22 (4): 677–696.
Published: 01 November 1990
... not devi-
ate to any greater extent even in his years of maturity; and it is from
within this framework that we should approach Schumpeter’s thoughts
on the static and the dynamic analyses.*
6. “As soon as the phenomenon of development has appeared, there begins at the
microeconomic...
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