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Journal Article
History of Political Economy (2020) 52 (2): 211–238.
Published: 01 April 2020
... upon archival evidence from Keynes and Wells’s own contemporary exchanges, we bring to light a largely unnoticed intellectual dialogue between the two authors that took place from roughly 1926 to 1934 through their published works, letters, and public and private conversations. The context provided...
Journal Article
History of Political Economy (2014) 46 (1): 55–83.
Published: 01 March 2014
... “love of system” (the fascination with well-crafted contrivances) as the main spur to material acquisitiveness; by using the empty formulation that “all the different ranks of life are nearly upon a level” without specifying which level they are “nearly upon”; and by introducing a contented beggar, who...
Journal Article
History of Political Economy (2012) 44 (1): 113–155.
Published: 01 March 2012
...Jean-Sébastien Lenfant The development of ordinalism was fostered by the idea of dispensing with external psychological arguments in utility theory and building the whole theory of the consumer upon indifference curves (and maps). Yet the pioneers of ordinalism, Fisher and Pareto, did not make...
Journal Article
History of Political Economy (2009) 41 (1): 109–141.
Published: 01 March 2009
... and that the still nascent sciences of society could explain and control the causes of economic ills; that the progressives believed that intellectuals should guide social and economic progress, a belief erected upon two subsidiary faiths, a faith in the disinterestedness and incorruptibility of the experts who...
Journal Article
History of Political Economy (2010) 42 (3): 495–519.
Published: 01 September 2010
... the theory's coherence; the relevant issue is that such a price theory would contain its own principle of intelligibility. Second, we will point out the role of this theory in preventing economic compulsion. This approach could help us to draw upon the moral and economic responsibility of human beings living...
Journal Article
History of Political Economy (2016) 48 (1): 35–64.
Published: 01 March 2016
... upon the isolated-individual paradigm. Correspondence may be addressed to Fritz Söllner, Ilmenau Technical University, Department of Public Finance, 98684 Ilmenau, Germany; e-mail: Fritz.Soellner@tu-ilmenau.de . The valuable comments of Kevin D. Hoover and two anonymous reviewers are gratefully...
Journal Article
History of Political Economy (2016) 48 (2): 191–223.
Published: 01 June 2016
... of Smith's and Plott's laboratory studies upon mechanism design. Third, the protagonists not only had keen interests in mechanism design, but shared the same conceptual scheme. Fourth, in the late 1970s and the 1980s, Smith and Plott believed that their laboratory studies were a useful complement...
Journal Article
History of Political Economy (2017) 49 (2): 177–206.
Published: 01 June 2017
... community who shared common goals and agreed upon a set of commercial “maxims.” This mercantile epistemology first attained its position of authority in British economic thinking following the heated debate over the Anglo-French Commerce Treaty in 1713–14. This mercantile epistemology maintained a strong...
Journal Article
History of Political Economy (2012) 44 (1): 69–95.
Published: 01 March 2012
..., they drew upon different perspectives. I argue that Dupuit was more pragmatic, using the concept of a “de facto monopoly,” while Walras was more ideological, arguing that the railroad industry was a public utility. In so doing, I underline that Dupuit did not oppose government intervention, counter to a few...
Journal Article
History of Political Economy (2010) 42 (2): 201–219.
Published: 01 June 2010
...Perry Mehrling Once upon a time, macroeconomics was a field organized around money and the equation of exchange, as in Fisher 1911. Today, the field is organized instead around finance and the intertemporal Euler equation. This article tells the story of how we moved from then to now, a story...
Journal Article
History of Political Economy (2011) 43 (4): 683–698.
Published: 01 November 2011
... writings on usury and that his argument for its immorality is not dependent upon the proposition. These facts, which differentiate Luther from the Scholastic writers, are consistent with his opposition to Aristotelian natural philosophy and the influence of nominalism on his thought. In order to establish...
Journal Article
History of Political Economy (2013) 45 (1): 61–97.
Published: 01 March 2013
...Shin Kubo This article considers the question of how and why political economy was accepted at English universities early in the nineteenth century, focusing on George Pryme (1781-1868), the first professor of the subject at Cambridge. The central argument is that he relied heavily upon Dugald...
Journal Article
History of Political Economy (2020) 52 (3): 519–538.
Published: 01 June 2020
... of the economics of inequality focusses upon the pivotal figure of Tony Atkinson, the most important British economic theorist of inequality, but also an important figure in policy debate since the 1970s. Correspondence may be addressed to James Tomlinson at jim.tomlinson@glasgow.ac.uk . Copyright © 2020...
Journal Article
History of Political Economy (2020) 52 (5): 925–946.
Published: 01 October 2020
...Guy Numa The common narrative about Jean-Baptiste Say’s treatment of money holdings is that he denied the possibility of hoarding. I show that this interpretation of Say’s thinking is erroneous. Drawing upon the various editions of Traité and Cours and other lesser-known texts, I provide...
Journal Article
History of Political Economy (2020) 52 (S1): 85–111.
Published: 01 December 2020
... Terman. We show that engineers drew upon economic theories of decision and allocation to improve practical industrial management decisions. Reciprocally, economists found in engineering the tools that they needed to rethink production and growth theory (including linear programming, optimal control...
Journal Article
History of Political Economy 799–832.
Published: 28 July 2021
...Cléo Chassonnery-Zaïgouche; Annie L. Cot This article describes the evolution of Edgeworth’s thought on women’s wages and on the principle of “equal pay for equal work.” We first document Edgeworth’s early works on “exact utilitarianism” as an epistemic basis for his reflections upon women’s wages...
Journal Article
History of Political Economy 833–856.
Published: 28 July 2021
... state of capital accumulation does not necessarily imply a stationary state of human improvement. However, he seemed to argue that, in China, these two types of stationary states have a mutual effect upon each other. Correspondence may be addressed to Yue Xiao by email: yuexiao1028@gmail.com...
Journal Article
History of Political Economy (2009) 41 (2): 271–295.
Published: 01 June 2009
...Rabah Benkemoune This article shows that Charles Dunoyer sought to reinterpret Sismondi's theory of crises in a manner that would render it compatible with Say's political economy. While Sismondi considered that crises of overproduction proved the dysfunctionality of an economy founded upon free...
Journal Article
History of Political Economy (2009) 41 (2): 297–309.
Published: 01 June 2009
...I. Grattan-Guinness An important part of Jevons's economic theory was his theory of exchange of commodities. For justification he drew upon several aspects of differential equations and their applications, especially a principle in mechanics associated with equilibrium. Unfortunately his use...
Journal Article
History of Political Economy (2011) 43 (1): 199–223.
Published: 01 March 2011
... years, a group of intellectual radicals drew inspiration from social psychology and gave their support to the controversial community action programs that drew criticism from the Senate, Congress, local governments, and Democratic Party insiders. Over time, a second community, built upon the values...