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History of Political Economy (2015) 47 (3): 449–479.
Published: 01 September 2015
... funded by the National Science Foundation, a project that enabled Arrow to develop a theoretical and macroeconomic theory of increasing returns. We then examine the influence of John Dewey's experiential approach to education on Arrow's use of the notion of “learning by doing” and its approximation...
History of Political Economy (1997) 29 (3): 413–443.
Published: 01 September 1997
... Studies 17 . 3 4 . Schultz , T. W. 1988 . On Investing in Specialized Human Capital to Attain Increasing Returns. In The State of Development Economics: Progress and Perspectives , edited by Gustav Panis and T. Paul Schultz. Oxford: Basil Blackwell. Scott , Maurice FG. 1989 . A New...
History of Political Economy (1999) 31 (3): 511–523.
Published: 01 September 1999
...James M. Buchanan; Yong J. Yoon Center for the Study of Public Choice, Buchanan House, MS1E6, George Mason University, 4400 University Drive, Fairfax, VA 22030-4444. Copyright © 1999 by Duke University Press 1999 References Arthur , Brian . 1994 . Increasing Returns and Path...
History of Political Economy (1983) 15 (4): 501–512.
Published: 01 November 1983
... in contemporary capitalism: the backward art of living.’ Journal of Economic Issues (June): 437 -51. History of Political Economy 15:4 0 1983 by Duke University Press Returning to the Aristotelian paradigm: Daly and Schumacher...
History of Political Economy (1984) 16 (4): 577–582.
Published: 01 November 1984
... by Duke University Press CCC 0018-2702/84/$1.50 Returns to scale and Wicksell’s missing equation: a note Larry Samuelson I. Introduction Bo Sandelin (1980) has recently provided fresh insights into the intricacies of Wicksell’s...
History of Political Economy (1987) 19 (1): 87–106.
Published: 01 March 1987
... growth model.’ Quarterly Journal of Economics 83 : 396 -414. Bator , F. M. 1957 . ‘The simple analytics of welfare maximization.’ American Economic Review 47 : 22 -59. Blitch , C. P. 1983 . ‘Allyn Young on increasing returns.’ Journal of Post Keynesian Economics 5 : 359 -72...
History of Political Economy (2009) 41 (Suppl_1): 285–303.
Published: 01 December 2009
... of macroeconomic increasing returns reveals the limitations of models that assume an aggregate production function exhibiting constant returns to scale while “augmented” by exogenous technical progress. His endogenously self-sustaining growth paradigm is also shown to differ in important respects (including in its...
History of Political Economy (2014) 46 (4): 609–640.
Published: 01 November 2014
... the Essai , formulations found in Malachy Postlethwayt’s Universal Dictionary sometimes go beyond what we find in the French text. One passage in particular shows that Cantillon was in a sense groping toward a notion of profit as a return on capital that was closer to the classical conception...
History of Political Economy (2015) 47 (3): 481–510.
Published: 01 September 2015
... and on the type of decision he is studying. Eventually he did propose a univocal analysis—an objectivist one—of the producer's decision between making and buying and the policy decision among institutional arrangements. This essay initiates a study of Coase's theory of decision. It returns to his subjectivist...
History of Political Economy (2009) 41 (3): 545–574.
Published: 01 September 2009
....” The Bullionists were critical of the Bank of England and supported a return to convertibility, whereas the anti-Bullionists defended both the Bank and inconvertibility. This paper re-evaluates Henry Thornton's seminal contribution to monetary theory and argues that Thornton's pathbreaking Paper Credit (1802...
History of Political Economy (2011) 43 (2): 363–368.
Published: 01 June 2011
...Louis Uchitelle Prodded by the Great Recession, journalists and economists are gradually altering their views of the economy, freeing themselves from the mainstream paradigm of the last thirty years: that the natural tendency of a market economy caught in a recession is to right itself, returning...
History of Political Economy (2008) 40 (4): 671–688.
Published: 01 November 2008
.... Scott Gordon presented in his seminal article on fisheries economics from 1954. Warming frequently returned to his model later in life. The reason for doing so was that the model not only dealt with an important aspect of fisheries management but also illustrated a more general problem relating...
History of Political Economy (2011) 43 (3): 591–605.
Published: 01 September 2011
...Pierangelo Garegnani Ten years on, Professor Blaug has returned to a subject on which his 1999 article, “Misunderstanding Classical Economics: The Sraffian Interpretation of the Surplus Approach,” stirred up lively debate. The subject is, as he puts it, “Sraffian economics,” and his 2009 paper...
History of Political Economy (2013) 45 (2): 311–343.
Published: 01 June 2013
... their earlier historical accounts but also their conceptions of the relationship between the historical and the economic. While the discovery of prehistory can be seen as returning Smith's ``primitives'' to the historiographical stage, it also played an important part in fostering the twentieth-century...
History of Political Economy (2017) 49 (4): 537–574.
Published: 01 December 2017
..., the new idea of public spending on education as a form of investment with a demonstrably high rate of return, and the capacity to contribute to the achievement of important national goals, was enthusiastically communicated to the public by opinion leaders, policymakers, and even a president. This paper...
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...
History of Political Economy (2018) 50 (3): 511–548.
Published: 01 September 2018
... with the opportunity to apply his ideas about constitutions and, in return, nurture his theoretical thinking. Two historical developments were of importance in the evolution of Buchanan's thinking: the Southern reactions to the Supreme Court's injunction to desegregate public schools in the late 1950s...
History of Political Economy (1970) 2 (2): 432–440.
Published: 01 June 1970
... gave the name instrument to anything that man creates to satisfy his materid wants. Instruments have three characteristics in common : (1) they are all directly or indirectly formed by human labor ; (2) they yield a return; and (3) they exist over a period of time, at the end of which...
History of Political Economy (2006) 38 (4): 733–774.
Published: 01 November 2006
... of Political Economy . London: Macmillan. Sraffa, Piero. 1925 . Sulle relazioni fra costo e quantità prodotta. Annali di economia 11 : 277 -88. ____. 1926 . The Laws of Returns under Competitive Conditions. Economic Journal 36 : 535 -50. ____. 1930 . Increasing Returns...
History of Political Economy (1975) 7 (1): 123–131.
Published: 01 March 1975
... of view probably emanates from Donald Dewey, who in his book of 1965 establishes that some economists “assume diminishing returns to investment and mistake the natural growth rate of the capital stock for the rate of interest, i.e., the discount rate. Even the great Wicksell can be charged...