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Journal Article
History of Political Economy (2008) 40 (2): 243–263.
Published: 01 June 2008
.... Despite its importance in that work, En glish classical economists merely paraphrased Smith’s argument, rather than developed it. This article is concerned with the sole fundamental contribu- tion made during the classical period to an understanding of this process. It presents the work...
Journal Article
History of Political Economy (1980) 12 (2): 161–173.
Published: 01 June 1980
... in a static general equilibrium fkamework satisfactorily, the results were far less impressive with respect to a growing economy.2 It is the latter case where Bickerdike’s contribu- tion is to be found.3 Bickerdike’s restatement of Cassel’s theory of interest Bickerdike (p. 41 1) begins...
Journal Article
History of Political Economy (1975) 7 (2): 209–226.
Published: 01 June 1975
... of the priority of his colleagues, to have made an original discovery of the principle of marginal utility. While Jevons and Menger were mainly involved in the general exposi- tion of the new method and in applying its basic principles to the theory of exchange, and while Walras devoted most of his...
Journal Article
History of Political Economy (1994) 26 (1): 1–19.
Published: 01 March 1994
... in certain Latin American economies. This nonmonetary theory of infla- tion stimulated a great number of econometric studies attempting to settle (or prolong) the monetarist-structuralist debate, and this econo- metric work, although heavily concentrated on Latin American infla- tion, has spilled...
Journal Article
History of Political Economy (1979) 11 (2): 286–302.
Published: 01 June 1979
... as the formula- tion of the distinction between labour and labour power and the con- sequent development of the theory of surplus value.5 These two ideas were first formalised in the Grundrisse. We shall argue that in the Grundrisse Marx outlined the principles of his newly formulated theory...
Journal Article
History of Political Economy (1982) 14 (4): 564–582.
Published: 01 November 1982
.... A perspective such as this allows, we believe, a very different judgment of Marx’s handling of value-price transformation, since that transforma- tion itself cannot in this context be regarded as simply an extension of Ricardo’s problems and concerns. Our approach to these issues represents...
Journal Article
History of Political Economy (2010) 42 (1): 75–110.
Published: 01 March 2010
... discussed in Haavelmo’s paper “The Problem of Testing Economic Theories by Means of Passive Observa- tions,” which he presented at the Cowles Commission’s 1940 Research Conference: Can we measure economic structure relations (e.g., individual indif- ference surfaces or other “behavioristic...
Journal Article
History of Political Economy (1994) 26 (1): 167–169.
Published: 01 March 1994
... of verification in the social sciences, Hamouda and Price have taken an important step toward a non-natural law economic theory. In many ways, this book is two separate essays: one that deals with the verifica- tion issue, and one that presents a sketch of what a non-natural law social theory would look...
Journal Article
History of Political Economy (1982) 14 (2): 178–198.
Published: 01 June 1982
...,” Economic His- tory Review, April 1959; and R. M. Hartwell, “Adam Smith and the Industrial Revolu- tion,” in F. Glahe, ed., Adam Smith and the Wealth of Nations (Boulder, Colo., 1978). Mirowski Profit in 18th-century England 179 aware of the shape of an intellectual construct...
Journal Article
History of Political Economy (1970) 2 (1): 152–176.
Published: 01 March 1970
... socioeconomic order. By pluralist is meant a wide diffusion of participation in the decision-making process func- tioning toward the resolution of the basic economic prob1ems.l For Samuels, the pluralist character of the decision-making process includes the state as a “part of a larger...
Journal Article
History of Political Economy (1988) 20 (1): 145–147.
Published: 01 March 1988
...- tions and post-Keynesian arguments. The instability of the income velocity of money due to financial innovation renders traditional monetary policy obsolete. The Federal Reserve can no longer hope to fight inflation by tightening the money supply because it cannot control what acts...
Journal Article
History of Political Economy (2020) 52 (4): 621–652.
Published: 01 August 2020
... first learned of the constant elasticity of substi- tution (CES) production function from the paper Capital-Labor Substitu- tion and Economic Efficiency, written by Kenneth Arrow, Hollis Chen- ery, Bagicha Minhas, and Robert Solow, and published in the August 1961 issue of The Review of Economics...
Journal Article
History of Political Economy (2000) 32 (1): 166.
Published: 01 March 2000
... in date from 1776 (in the case of Smith’s own comments on taxes on malt and inhabited houses) to 1800; and selec- tions on the early reception of The Wealth of Nations in Germany, France, Italy, and the United States (by Alexander Hamilton). Some...
Journal Article
History of Political Economy (1991) 23 (3): 552–555.
Published: 01 September 1991
... of Book Reviews 553 view than about the subject matter of Smith and public choice. Smith is seen as a precursor of public choice theory, and public choice theory is seen as a realiza- tion of the message of Smith. While the story is very suggestive, it nonetheless remains true...
Journal Article
History of Political Economy (1982) 14 (2): 228–241.
Published: 01 June 1982
... Or again: “Every individual capital, forms however, but an individualised frac- tion, a fraction endowed with individual life, as it were, of the aggre- gate social capital, just as every individual capitalist is but an individual element of the capitalist class (Similarly, Marx uses...
Journal Article
History of Political Economy (2014) 46 (2): 345–346.
Published: 01 June 2014
..., engaging, and remarkably inexpensive hardback is a transla- tion (a good one, by Bernard Heise) of a book first published in German in 2009. There are four parts. “Ideas” (49 pages) deals with the intellectual and political devel- opment of the young Marx, and “Deeds” (65 pages) covers his life after...
Journal Article
History of Political Economy (1980) 12 (1): 131–135.
Published: 01 March 1980
...” we must be “flexible in our interpretation of his key concepts and make correc- tions or alterations in the parts of his model where we find them desirable” (p. 128). MM thus goes far beyond the bounds of interpretation and elucida- tion of LW’s system, presenting a “revised and generalized...
Journal Article
History of Political Economy (1979) 11 (2): 192–198.
Published: 01 June 1979
... It is not surprising that we accord such importance to these last fifty years, for they have witnessed the birth, or at least the matura- tion, of nearly everything we think of as “economics.” Of course there is the central achievement of Keynes to which I will return later. But much more than this can...
Journal Article
History of Political Economy (1990) 22 (2): 359–379.
Published: 01 June 1990
... political system, the American electorate, and the condi- tion of the American economy. Keynes argued in Probability that the degree of belief in such a proposition was determined by a logical relationship between the proposition and one’s information. Different people might have different...
Journal Article
History of Political Economy (1981) 13 (4): 745–771.
Published: 01 November 1981
... - Schumpeter’s corporatist views 749 ties competing for the gains to be obtained by virtue of the power of the office. Anthony Downs credits Schumpeter with providing the founda- tion for his own economic theory of democracy.IO Corporatism is a particularly contentious, oftentimes emotion- laden...