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Journal Article
History of Political Economy (2010) 42 (3): 403–424.
Published: 01 September 2010
...Terry Peach Based on an appraisal of Smith's (nonutilitarian) understanding of happiness in The Theory of Moral Sentiments , this article considers the possible origin, meaning, and fate of the “real measure” qua index of social happiness/welfare. It is suggested that the original welfare usage...
Journal Article
History of Political Economy (1988) 20 (1): 43–63.
Published: 01 March 1988
....’ In D. Laidler, Essays in money and inflation (Chicago). Laidler , D. 1981 . ‘Adam Smith as monetary economist,’ Canadian Journal of Economics 14 ( May ). Laidler , D. 1984 . ‘Misconceptions about the real bills doctrine: a comment on Sargent and Wallace.’ Journal of Political...
Journal Article
History of Political Economy (1989) 21 (1): 77–90.
Published: 01 March 1989
.... Keynes , John M. 1936 . The general theory of employment, interest and money . New York. Laidler , David 1981 . ‘Adam Smith as a monetary economist.’ Canadian Journal of Economics 14 ( May ): 185 -200. Laidler , David 1984 . ‘Misconceptions about the Real Bills doctrine...
Journal Article
History of Political Economy (1982) 14 (4): 543–558.
Published: 01 November 1982
... as ‘the measure of value’ indicated neither caprice, inconsistency, ambivalence, nor analytical dichotomy. It constituted, instead, additional evidence of the inherent harmony among the elements in classical doctrine. The real and monetary measures of value were equivalent. They were rationalized...
Journal Article
History of Political Economy (1985) 17 (3): 355–366.
Published: 01 September 1985
...William Coleman History of Political Economy 17:3 0 1985 by Duke University ‘Press CCC 00 18-2702/85/$1.50 Wicksell on technical change and real wages William Coleman...
Journal Article
History of Political Economy (1992) 24 (4): 867–894.
Published: 01 November 1992
.... In Alternatives to Government Fiat Money , edited by James Dorn. Boston: Kluwer Academic. Green , Roy H. 1987 . Real Bills Doctrine. In New Palgrave: A Dictionary of Economics , edited by J. Eatwell, M. Milgate, and P. Newman. London: Macmillan. Hoover , Kevin. 1988 . Money, Prices and Finance...
Journal Article
History of Political Economy (2011) 43 (2): 295–302.
Published: 01 June 2011
...Neil De Marchi Roundtable Presentation Romantic versus Real-World Art-Making and Valuation Neil De Marchi Early on in his thoughtful reflection on Ruskin, the distinction between cultural and economic value arises, and David Throsby notes that mod- ern economic discourse has...
Journal Article
History of Political Economy (2009) 41 (2): 383–406.
Published: 01 June 2009
... that the lengths to which he went to obtain an association between the concepts of real price/real value and expended labor, ultimately to the point of abandoning his own declared choice of “real measure,” is compelling evidence of his commitment to an albeit rudimentary labor theory of exchangeable value...
Journal Article
History of Political Economy (2019) 51 (3): 579–599.
Published: 01 June 2019
... . Benhabib Jess Farmer Roger E. 1999 . “ Resuscitating Real Business Cycles .” In Handbook of Macroeconomics , vol. 1 , edited by Taylor John B. Woodford Michael , 387 – 448 . Amsterdam : Elsevier . Bernanke Ben S. Parkinson Martin L. 1990 . “ Procyclical Labor...
Journal Article
History of Political Economy (2021) 53 (1): 172–177.
Published: 01 February 2021
...George S. Tavlas Gold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922–1938 . By Humphrey Thomas M. Timberlake Richard H. . Washington, DC : Cato Institute , 2019 . xix ; 201 pp. $14.95 . Copyright © 2021 Duke University Press 2021 References...
Journal Article
History of Political Economy (2020) 52 (1): 171–190.
Published: 01 February 2020
...Terry Peach This article provides a rebuttal of Roy H. Grieve’s critique of Peach 2009, “Adam Smith and the Labor Theory of (Real) Value: A Reconsideration.” It is shown that Grieve cannot represent accurately the position he purports to criticize, that his criticisms are directed at phantom...
Journal Article
History of Political Economy (2014) 46 (1): 55–83.
Published: 01 March 2014
...Terry Peach This article questions Adam Smith’s commitment to the notion of a beneficent Deity, or “all-perfect Being,” whose purpose is to promote the “real happiness” of humankind. It is argued that Smith conceals his true position in The Theory of Moral Sentiments by emphasizing the deceptive...
Journal Article
History of Political Economy (2008) 40 (5): 88–113.
Published: 01 December 2008
...Daniela Parisi This essay focuses on Francesco Vito (1902–1968), one of the most important Italian economists and a contributor to an extensive, thorough debate in Catholic social thinking, a debate at times accompanied and followed by exacting and solid experience in the real world, in an effort...
Journal Article
History of Political Economy (2012) 44 (suppl_1): 137–159.
Published: 01 December 2012
... approach “required a real restructuring of thought—a genuine paradigm shift” (Simon 1979, 12). That such a shift was required gives interest to this historical episode. Copyright 2012 by Duke University Press 2012 I want to thank Harro Maas, Mary Morgan, Wade Hands, Annie Cot, and two anonymous...
Journal Article
History of Political Economy (2012) 44 (suppl_1): 226–249.
Published: 01 December 2012
... journal articles in economics and in nearly half in macroeconomics. Surprisingly, its rise as an essential element in the vocabulary of economists can be dated only to the early 1970s. We trace the history of shocks in macroeconomics from Ragnar Frisch and Eugen Slutsky in the 1920s and 1930s through real...
Journal Article
History of Political Economy (2010) 42 (1): 21–73.
Published: 01 March 2010
... with the probabilistic nature of the real economic world. One can discern in these documents also that an essential part of Frisch's concept of econometrics as a science was its instrumental role in policy preparation for welfare and improvement of human conditions. Correspondence may be addressed to Olav Bjerkholt...
Journal Article
History of Political Economy (2011) 43 (3): 513–536.
Published: 01 September 2011
...Claude d'Aspremont; Rodolphe Dos Santos Ferreira; Louis-André Gérard-Varet The cyclical behavior of wages and prices was a central topic in trade cycle analysis on the eve of the Second World War. Keynes and Harrod independently referred in the same year to the supposed countercyclicality of real...
Journal Article
History of Political Economy (2012) 44 (3): 451–469.
Published: 01 September 2012
... paper was regularly used to make commercial payments. While thinkers of the stature of David Hume and Adam Smith utilized the quantity theory of money or the real bills doctrine to explain the monetary system, Henry Thornton broke new ground by developing a theory that recognized the essential truth...
Journal Article
History of Political Economy (2012) 44 (4): 595–618.
Published: 01 November 2012
...Laurent Le Maux This article builds a “matrix of reflux” of all the channels of reflux of demand debts described by the banking school. It follows that the banking school’s law of reflux in general is different from the antibullionist real bills doctrine and more complete than a description...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 334–355.
Published: 01 December 2009
..., its borrowing by real business cycle theorists sought to establish it as a definitive representation of technology. As the claims of the New Classicals came under scrutiny, so did the status and meaning of the object residual. The integration of growth and cycle has since been shaped by the opening...