45th Annual Meetings of the History of Economics Society

Conference Program

Loyola University Chicago, Illinois June 14 - 17, 2018

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History of Economics Society Executive Committee

President Evelyn Forget, University of Manitoba

Vice-President Marcel Boumans, Utrecht University

Secretary Marianne Johnson, University of Wisconsin Oshkosh

Treasurer Spencer Banzhaf, Georgia State University

Past-President Mauro Boianovsky, Universidade de Brasilia

Elected Executive Officers Tiago Mata, University College London

Carlos Eduardo Suprinyak, Cedeplar/UFMG

David Andrews, SUNY Oswego

Scott Scheall, Arizona State University

Editor Stephen Meardon, Bowdoin College Journal of the History of Economic Thought

SHOE List Moderator Humberto Barreto, DePauw University

Digital Information Manager Rebeca Gomez Betancourt, University of Lyon 2

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Prizes and Honors

Distinguished Fellow of the History of Economics Society Israel Kirzner,

Craufurd Goodwin Best Article in the History of Economics Prize Beatrice Cherrier, CNRS & THEMA, University of Cergy Pontoise “Classifying Economics: A History of the JEL Codes” Journal of Economic Literature 55 (2), 2017

Joseph Dorfman Best Dissertation Prize Adam Leeds, University of Pennsylvania “Spectral : on the Subjects of Political Economy in Moscow”

Joseph J. Spengler Best Book Prize Roger E Backhouse, University of Birmingham Founder of Modern Economics: Paul A. Samuelson , 2017

Ian Kumekawa, The First Serious Optimist: A. C. Pigou and the Birth of Welfare Economics Princeton University Press, 2017

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Warren J. and Sylvia J. Samuels Young Scholars HES 2018

These awards are made possible thanks to the generous donation of Warren J. and Sylvia J. Samuels. Subsequent donors have allowed us to expand the offerings, and more contributions would be appreciated. The awards, sponsored by the History of Economics Society, honor the following young scholars for the promise if their research and writing.

Céline Bouillot, PHARE - Paris 1 Panthéon Sorbonne University Chung-Tang Cheng, London School of Economics Pierrick Dechaux, University Paris 1 Maxime Desmarais-Tremblay, Goldsmiths, University of London Kelley Goodman, Léon Guillot, PHARE - Paris 1 Panthéon Sorbonne University Monica Hernandez, New School for Social Research Anirban Karak, New York University, King of Center Tomas Kristofory, American University in Bulgaria Marius Kuster, University of Lausanne | Centre Walras-Pareto (CWP) Agnès Le Tollec, ENS Paris Saclay Mariusz Lukasiewicz, University of Leipzig, Institute for African Studies Viktorija Mano, Roehampton , London Julia Marchevsky, Universidade de São Paulo, Brazil Erik Matson, George Mason University Mark McAdam, Universität Witten-Herdecke David Philippy, University of Lausanne Anthony Rebours, University of Paris 8 Sofia Valeonti, PHARE - Paris 1 Panthéon Sorbonne University

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Conference Program Outline

Opening Reception will be held in Wintrust Hall, Schreiber Center, on the Loyola University Chicago’s Water Tower Campus. All Sessions and the Awards Banquet will be held in the Corby Law Center.

Thursday, June 14 12:00 - 4:00 pm Executive Board Meeting, 407 Baumhart 4:00 - 6:30 pm Conference registration opens - Wintrust Hall, Schreiber Center 7:00 - 9:00 pm Opening Reception - Wintrust Hall, Schreiber Center (Ticket Required)

Friday, June 15 7:30 am Registration table opens, Corby Law Center 8:30 – 8:45 Welcome - Kasbeer Hall, Corby Law Center 8:45-10:15 Plenary #1 - Kasbeer Hall, Corby Law Center 10:15 - 11:00 Coffee break with refreshments 11:00 - 12:30 Concurrent Sessions #1 12:30 - 2:00 Lunch on your own JHET Lunch (407 Baumhart - invitation only) 2:00 - 3:30 Concurrent Session #2 3:30 - 4:15 Coffee break with refreshments 4:15 - 5:45 Concurrent Session #3 6:00 HES Business Meeting - Kasbeer Hall, Corby Law Center

Saturday, June 16 7:00 am Registration table opens, Corby Law Center 7:30 - 8:30 Women’s Breakfast - 407 Baumhart (ticket required) 8:45 – 9:45 Concurrent Session #4 9:45 - 10:30 The Press sponsored coffee break with refreshments 10:30 - 12:00 Concurrent Session #5 12:00 - 1:30 Lunch on your own Neil Niman Young Scholars Lunch (407 Baumhart – Invitation only) 1:30 – 3:00 Concurrent Sessions #6 3:00 - 3:45 Coffee break with refreshments 3:45 - 4:45 Concurrent Session #7 5:00 - 6:30 Plenary Session #2 - Kasbeer Hall, Corby Law Center

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Sunday, Sunday 17 8:00 am Registration table opens, Corby Law Center Lobby 8:45 – 9:45 Concurrent Sessions #8 9:45 - 10:30 Coffee break with refreshments 10:30 - 12:00 Concurrent Session #9 12:00 - 1:30 Lunch on your own Oeconomia Meeting, Kasbeer Hall 1:30 - 3:00 Concurrent Session #10 3:00 - 3:45 Coffee break with refreshments 3:45 - 4:45 Concurrent Session #11 5:00 - 6:30 Presidential Address - Rogers Courtroom, Corby Law Center 6:30 Banquet bar opens - Kasbeer Hall, Corby Law Center (Ticket Required) 7:00 - 9:00 Awards Banquet - Kasbeer Hall, Corby Law Center (Ticket Required)

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TABLE OF CONTENTS Friday, June 15 FRI Plenary Session: Douglas Irwin, "The Rise and Fall of Import Substitution" ...... 9 FRI1A Session: “Smith and his Intellectual Milleu (IASS)” ...... 9 FRI1B Session: “Remembering Craufurd Goodwin” ...... 9 FRI1C Session: “American Political Economy” ...... 10 FRI1D Session: “Constitutional Economics” ...... 10 FRI1E Session: “European Issues" ...... 10 FRI1F Session: “Biology” ...... 11 FRI2A Session: “Smith and his Contemporary Issues (IASS)” ...... 11 FRI2B Session: “Archival Round Table” ...... 12 FRI2C Session: “French Economics in the Long 19th Century” ...... 12 FRI2D Session: "Methodology" ...... 13 FRI2E Session: “Influences in Communist Economics” ...... 13 FRI2F Session: “Hayek, Insitutions and Knowledge” ...... 13 FRI3A Session: “Eighteenth-Century French Political Economy (IASS)”...... 14 FRI3B Session: “The Natural Rate at 50” ...... 14 FRI3C Session: “German-American Interactions” ...... 14 FRI3D Session: “Public Finance” ...... 15 FRI3E Session: "Applied Economics" ...... 15 FRI3F Session: “Pedagogy” ...... 16

Saturday, June 16 SAT1A Session: “Keynes Post Keynes” ...... 17 SAT1C Session: “Macro after Keynes” ...... 17 SAT1D Session: “Home Economics" ...... 17 SAT1E Session: “Fisher and Tinbergen"...... 18 SAT2A Session: “Development” ...... 18 SAT2B Session: “Economics and Engineering: Institutions, Practices and Cultures” ...... 18 SAT2C Session: “Social Development” ...... 19 SAT2D Session: “Keynes, Econometrics, Risk and Growth” ...... 19 SAT2E Session: “Virtue” ...... 20 SAT2F Session: "Smith Across Time" ...... 20 SAT3A Session: “Smith the Polimath” ...... 20 SAT3B Session: “Methodological and Theoretical Foundations of Early Growth Models” ...... 21 SAT3C Session: “Conceptualizng Fairness” ...... 21 SAT3D Session: “Macro” ...... 21 SAT3E Session: "HES Award Winners" ...... 22 SAT3F Session: “Post War Institutions” ...... 22 SAT4A Session: “Marx 1” ...... 23 SAT4C Session: “German Historical School” ...... 23 SAT4D Session: “Institutional Economics” ...... 23 SAT Plenary Session: Anwar Shaikh "Constructing a Classical-Keynesian Paradigm in Economics" ...... 24

Sunday, June 17 SUN1A Session: “Before Smith” ...... 25 SUN1B Session: “Graduate Economics Training” ...... 25 SUN1C Session: “Interwar Crises" ...... 25 SUN1D Session: “Education” ...... 26 HES 2018 Conference Program 8

SUN1E Session: “Consumption” ...... 26 SUN2A Session: “Geography and Environment” ...... 26 SUN2B Session: “The MacLean Controversy A Year Later” ...... 27 SUN2C Session: “Late 19th Century Economics” ...... 27 SUN2D Session: “Finance and Risk” ...... 28 SUN2E Session: “Macro 2” ...... 28 SUN3A Session: “Smith Past and Present (IASS)” ...... 29 SUN3B Session: “Order, Power and Context in German-Language Neoliberalism” ...... 29 SUN3C Session: “Mid-20th Century” ...... 30 SUN3D Session: “Captial Competition Conflict Crisis: A Critial Discussion with the Author” ...... 30 SUN3E Session: “Macro 3” ...... 30 SUN3F Session: “Experimental and Behavioral” ...... 31 SUN4A Session: “Wicksell” ...... 31 SUN4B Session: “US Foreign Economic Policy” ...... 31 SUN4D Session: “Veblen” ...... 32 SUN4E Session: “Marx 2” ...... 32 SUN Presidential Address: Evelyn Forget "Folk Wisdom in Economics" ...... 32

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Thursday, June 14

12:00 – 4:00 pm HES Executive Committee Meeting

4:00 – 6:00 pm Registration Opens - Wintrust Hall, Schreiber Center

7:00 – 9:00 pm Opening Reception - Wintrust Hall, Schreiber Center (Ticket Required)

Friday, June 15

8:45 – 10:15 am Plenary Session, Kasbeer Hall Douglas Irwin, “The Rise and Fall of Import Substitution”

10:15 – 11:00 am Coffee Break

11:00 – 12:30 pm FRI1A Session (rm 306): “Smith and his Intellectual Milleu” Organized by the International Society (IASS)

CHAIR: Jimena Hurtado, University de los Andes

Erik W. Matson, George Mason University Understanding Smith’s Ethos of Acquisitiveness by Way of Hume’s Conclusion

J Kevin Quinn, Bowling Green State University Enlightenment and Economics: Smith and After

Jimena Hurtado, University de los Andes Adam Smith and Alexis de Tocqueville on the Division of Labor

Discussants: Jimena Hurtado Erik Matson J Kevin Quinn

FRI1B Session (rm 322): “Remembering Craufurd Goodwin”

Paul Dudenhefer, Managing Editor of Politics and Society Evelyn Forget, University of Manitoba HES 2018 Conference Program 10

Kevin Hoover, Tiago Mata, University College London FRI1C Session (rm 304): “American Political Economy”

CHAIR: Nicola Giocoli, University of Pisa

Melvin Cross, Dalhousie University Competition, Regulatory Policy, and Institutional Change in the late 19th Century: A.T. Hadley's Work.

Nicola Giocoli, University of Pisa Neither Populist Nor Neoclassical: the Classical Roots of the Principle of Competition in American Antitrust

Sofia Valeonti , PHARE, Université Paris I Panthéon-Sorbonne What Future for the Reconstructed US? The Gold Approach Reply in the Greenback Debate: Evidence from Hugh McCulloch’s and John Sherman’s Monetary and Tariff

Discussants: Nicola Giocoli Steve Medema Melvin Cross FRI1D Session (rm 305): “Constitutional Economics”

CHAIR: Paul Dragos Aligica, George Mason University

Paul Dragos Aligica, George Mason University Constructivism and the Realm of the Artifactual. The “Two Basic Articles of Faith” of James M. Buchanan and Vincent Ostrom’s Social Philosophy

David Coker, George Mason University and Contract: Idealism in the Work of James M. Buchanan.

Samuel Ferey, University of Lorraine Hayekian Constitution and

Discussants: Samuel Ferey Alain Marciano Scott Scheall FRI1E Session (rm 601): “European Issues"

CHAIR: Ivo Maes, National Bank of Belgium

Elisabeth Allgoewer, Universität Hamburg HES 2018 Conference Program 11

German Economics and Social Policy after World War I: Economists Between Historical-Ethical Economics and the Emerging Mainstream

Ivo Maes, National Bank of Belgium The E in EMU: A Short History of Proposals (1962- 1990)

Eric Scorsone, Michigan State University When Economies go to War: Economic Thinking during World War 2

Discussants: Eric Scorsone Elisabeth Allgoewer Ivo Maes FRI1F Session (rm 602): “Biology”

CHAIR: Jennifer Jhun, Lake Forest College

Marius Kuster, University of Lausanne - Centre Walras-Pareto (CWP) "Struggle for Existence" Between Wild Speculation and Masses of Unemployed: Albert Schäffle and the Social Consequences of Metaphors

Jennifer Jhun, Lake Forest College Economic Mechanism and Bodily Metaphor

Pierrick Dechaux, University Paris 1 Behavioral Economists as Marketers

Discussants: Jennifer Juhn Pierrick Dechaux Marius Kuster 12:30 - 2:00 pm Lunch on your own

JHET Lunch – 407 Baumhart - invitation only

2:00 – 3:30 pm FRI2A Session(rm 306): “Smith and his Contemporary Issues” Organized by the International Adam Smith Society (IASS)

CHAIR: Mauricio C. Coutinho, State University of Campinas

Rebeca Gomez Betancourt, University of Lyon 2, and John Berdell, DePaul University The Present and Past Relevance of Hume, Steuart and Smith’s Economics

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Mauricio C. Coutinho, State University of Campinas Smith on Money

Maria Pia Paganelli, Trinity University, and Reinhard Schumacher, Universität Potsdam Do Not Take Peace for Granted: Adam Smith’s Warning on the Relation between Commerce and War

Discussants: Reinhard Shumacher Rebeca Gomez Betancourt John Berdell FRI2B Session (rm 322): “Archival Round Table”

CHAIR: David Mitch, University of Maryland, Baltimore County

Roundtable Participants:

Bruce Caldwell, Duke University

Douglas Irwin, Dartmouth College

Sara Seten Berghausen, Duke University Library

Stephen Stigler, University of Chicago

FRI2C Session (rm 304): “French Economics in the Long 19th Century”

CHAIR: Guy Numa, University of Massachusetts

Javier San Julián Arrupe, University of Barcelona A Foreign Perspective on National Public Finance: Leroy Beaulieu on the Spanish Debt Troubles of the End of 19th Century

Guy Numa, University of Massachusetts Boston Money as a Store of Value: J.-B. Say on Hoarding and Idle Balances

Simon Hupfel, Université de Haute-Alsace, Mulhouse, The Economists and the Combination Laws: A Rejoinder

Discussants: Simon Hupfel Javier San Julián Arrupe Guy Numa

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FRI2D Session (rm 305): "Methodology"

CHAIR: John Davis, Marquette University and University of Amsterdam

John Davis, Marquette University and University of Amsterdam Specialization, Fragmentation, and Pluralism in Economics

Pavel Kuchar, UNAM Lachmann and Shackle: On the Joint Production of Interpretation Instruments

Discussants: Pavel Kuchar John Davis FRI2E Session (rm 601): “Influences in Communist Economics”

CHAIR: Anna Klimina, University of Saskatchewan

Ivan Boldyrev , Radboud University Nijmegen Slits in the Wall: Soviet Mathematical Economics Going International

Anna Klimina, University of Saskatchewan Role of Women-economists in Shaping Soviet Economic Discourse on and its “Bourgeois Economics”: 1920s - early 1960s

Till Düppe, Université du Québec à Montréal “Economic laws are there to be used, not to be ignored“: The and GDR Revisionism

Discussants: Till Düppe Ivan Boldyrev Anna Klimina FRI2F Session (rm 602): “Hayek, Insitutions and Knowledge”

CHAIR: Scott Scheall, Arizona State University

Emily Skarbek, Brown University, and Peter J. Boettke, George Mason University The Nature and Significance of a Priori Knowledge

Don Mathews, College of Coastal Georgia When the World is Falling to Pieces: Observations on the Political Economy of the 1930s and 1940s

Scott Scheall, Arizona State University HES 2018 Conference Program 14

Contextualizing Hayek as Theoretical Psychologist and Naturalistic Epistemologist

Discussants: David Levy or Sandra Peart Scott Scheall Emily Skarbek

3:30 – 4:15 pm Coffee Break

4:15 – 5:45 FRI3A Session (rm 306): “Eighteenth-Century French Political Economy” Organized by the International Adam Smith Society (IASS)

CHAIR: Loïc and Christine Théré, l'Université de Paris 8

Oliver Cussen, University of Chicago Vincent de Gournay: Organic Intellectual of Cadiz

Loïc Charles and Christine Théré, l'Université de Paris 8 The Empirical Economics of Physiocracy

Alexandra Hyard and Thierry Demals, Université de Lille Dugald Stewart, James Mill and the Evidence of Legal Despotism FRI3B Session (rm 322): “The Natural Rate at 50”

CHAIR: Robert W. Dimand, Brock University

Mauro Boianovsky, Universidade de Brasilia Cambridge Anticipations of the Natural Rate Hypothesis? Robertson and Champernowne Revisited.

James Forder and Kardin Sømme, Balliol College, Oxford How did Friedman’s Presidential Address Come to be Seen as Being About the Phillips curve?

Kevin Hoover, Duke University Phelps and the Phillips Curve

Sylvie Rivot, University of Mulhouse Moving Around the Natural Rate of Unemployment: Information and Expectations in Friedman’s Disequilibrium Economics FRI3C Session (rm 304): “German-American Interactions”

CHAIR: Charles Rose, King’s College London HES 2018 Conference Program 15

Guillaume Vallet, Université Grenoble Alpes A Noble (But Failed) Attempt: Explaining the Weak Influence of the German Historical School in Early 20th Century American Economic Ideas. A Focus on R.T. Ely and A.W. Small

Charles Rose, King’s College London American Origins of Ordoliberalism.

Matthias Störring, Universität Siegen and Nils Goldschmidt, Universität Siegen More than the Accumulation of Capital? An Analysis of the Genuine Nature of Entrepreneurs

Discussants: Matthias Störring Stefan Kolev Charles Rose FRI3D Session (rm 305): “Public Finance”

CHAIR: Marianne Johnson, University of Wisconsin Oshkosh

Alain Marciano, Université de Montpellier Drowned by Numbers: How Buchanan Came to His Views on Clubs

Marianne Johnson, University of Wisconsin Oshkosh Rules Versus Authorities: Buchanan and Simons and Fiscal Policy

Julien Grandjean, Université de Lorraine From Arrowian Stability to Downsian Dynamism

Discussants: Julien Grandjean Alain Marciano Marianne Johnson FRI3E Session (rm 601): "Applied Economics"

CHAIR: Jose Edwards, Universidad Adolfo Ibáñez

Jean-Baptiste Fleury, l'Université de Cergy-Pontoise From Opportunity Theory to Capital Punishment: the Emergence and Development of the Economics of Crime and Law Enforcement

Jose Edwards, Universidad Adolfo Ibáñez Becoming applied? Empirical? A History of Very Recent Economics

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Matthew Panhans, Federal Trade Commission Health Economics: Scientific Expertise and Policymaking

Discussants: Matthew Panhans Jean-Baptiste Fleury Jose Edwards FRI3F Session (rm 602): “Pedagogy”

CHAIR: Joseph Persky, University of Illinois

Ron Baiman, Roosevelt University Clara Mattei, New School for Social Research 6:00 pm HES Business Meeting - Kasbeer Hall, Corby Law Center

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Saturday, June 16

8:45 – 9:45 am SAT1A Session (rm 306): “Keynes Post Keynes”

CHAIR: Maria Cristina Marcuzzo, Sapienza, Universita di Roma

Hans-Michael Trautwein, Carl von Ossietzky Universität Oldenburg Leijonhufvud on New and the Economics of Keynes

Maria Cristina Marcuzzo, Sapienza, Universita di Roma Pets and favourites: Keynes's Investment Philosophy

Discussants: Maria Cristina Marcuzzo Hans-Michael Trautwein SAT1C Session (rm 304): “Macro after Keynes”

CHAIR: James C.W. Ahiakpor, California State University

Up Sira Nukulkit, University of Utah The Effect of Technical Progress Upon Distribution Along Kaldor-Kennedy Neutrality Line and the Measure of Value

James C.W. Ahiakpor, California State University Is the IS-MP Model a Better Alternative to the IS-LM Model?

Discussants: James C.W. Ahiakpor Up Sira Nukulkit

SAT1D Session (rm 305): “Home Economics”

CHAIR: Andrea Beller, University of Illinois at Urbana-Champaign

Agnès Le Tollec, ENS Paris Saclay The Rise of “Home Economics” Between the Late XIXth Century and the 1930s.

Andrea Beller, University of Illinois at Urbana-Champaign History of the Development of the New Home Economics

Discussants: Harro Maas Agnès Le Tollec HES 2018 Conference Program 18

SAT1E Session (rm 601): “Fisher and Tinbergen"

CHAIR: Peter Rodenburg, University of Amsterdam

Raven Hetzler, New School for Social Research The Evolving Thinking of Irving Fisher

Peter Rodenburg, University of Amsterdam Rationalization and the ‘Engineer-Economists’ in the Netherlands, 1920- 1940

Discussants: Peter Rodenburg Raven Hetzler

9:45 - 10:30 am Coffee Break sponsored by the University of Chicago Press

10:30 - 12:00 pm SAT2A Session (rm 306): “Development”

CHAIR: Carlos Eduardo Suprinyak, Cedeplar/UFMG

Anirban Karak, New York University, King Juan Carlos I of Spain Center From Indian Economics to Economics: Alfred Marshall and Economic Thought in Inter-War South Asia

Jimena Hurtado and Andrés Álvarez and Andrés M. Guiot-Isaac, Universidad de los Andes The Emergence of an Economic Technocracy in Colombia 1950 - 1970

Carlos Eduardo Suprinyak, Cedeplar/UFMG Nicholas Georgescu-Roegen, Development Economist Discussants: Carlos Eduardo Suprinyak Anirban Karak Jimena Hurtado SAT2B Session (rm 322): “Economics and Engineering: Institutions, Practices and Cultures”

CHAIR: Pedro G. Duarte, University of São Paulo, and Yann Giraud, University of Cergy-Pontoise

Thomas Stapleford, University of Notre-Dame Engineering, Managerial Science, and American Economics, 1900 – 1940

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Beatrice Cherrier, CNRS & THEMA, University of Cergy Pontoise, and Aurélien Saïdi, Université of Paris Ouest Nanterre Engineering and Economics at Stanford, 1950-1990

Guillaume Yon, Max Planck Institute for the History of Science Shaping Behaviors, Planning Investment: The Engineers-Economists of Électricité de France (EDF) and the Pricing of Electricity in Post-war France

Juan Pablo Pardo-Guerra, UC San Diego Computers, Tinkering, and the Imaginations of Finance SAT2C Session (rm 304): “Social Development”

CHAIR: Joe Blosser, High Point University

Viktorija Mano, Roehampton Business School, London The Role of Elites in the Support of Neo-Liberal Reforms in Transitional Economies

Joe Blosser, High Point University An Economics of Sufficiency: An Argument from Economic History

John Windie Ansah, University of Cape Coast Political Economy Theories and Issues in Social Entrepreneurship

Discussants: John Windie Ansah Viktorija Mano Joe Blosser SAT2D Session (rm 305): “Keynes, Econometrics, Risk and Growth”

CHAIR: Carlo Zappia, University of Siena

David Glasner, Federal Trade Comission Keynes and the Fisher Equation

Christian Walter, Collège d’Études Mondiales, Maison des Sciences de l’Homme, and Robert Dimand, Brock University An Overlooked Step in the History of Portfolio Theory: Dickson Leavens between Cowles and Markowitz

Carlo Zappia, University of Siena Uncertainties that are Not Risks: Contextualizing the Ellsberg Paradox

Discussants: James Forder/ Kardin Sømme Carlo Zappia HES 2018 Conference Program 20

Robert Dimand SAT2E Session (rm 601): “Virtue”

CHAIR: Ayman Reda, -Dearborn

Paolo Santori, Libera Università Maria Santissima Assunta (LUMSA), . Honouring Money, Monetizing Honour

Ayman Reda, University of Michigan-Dearborn Self-Interest and Rationality: An Islamic Perspective

Nicolas Aguila, New School for Social Research The Understanding of the Individual in the History of Economic Thought

Discussants: Nicolas Aguila Paolo Santori Ayman Reda SAT2F Session (rm 602): "Smith Across Time"

CHAIR: Amos Witztum, CPNSS, London School of Economics

Amos Witztum, CPNSS, London School of Economics The Political Economy of Property Rights: A view from Adam Smith and Henry Maine

Chris Wass, University of Waterloo Problems with Das Problem (Smith)

Robin Malloy, Syracuse University A Theory of Adam Smith’s Jurisprudence

Discussants: Chris Wass Robin Malloy Amos Witztum 12:00 - 1:30 pm Lunch on your own

Neil Niman Young Scholars Lunch – 407 Baumhart - invitation only

1:30 – 3:00 pm SAT3A Session (rm 306): “Smith the Polimath”

CHAIR: David Levy, George Mason University HES 2018 Conference Program 21

Paul Mueller, The King's College 18th Century Theology in the Theory of Moral Sentiments

Bry Martin, Shaftesbury’s Letters and Character in Adam Smith’s Lectures on Rhetoric and Belles Lettres

Julia Marchevsky, University of São Paulo, Brazil The Pleasure of Order: the Presence of an Esthetic Criterion in Adam Smith’s Work

Discussants: Julia Marchevsky David Levy Paul Mueller SAT3B Session (rm 322): “Methodological and Theoretical Foundations of Early Growth Models”

CHAIR: Harald Hagemann. Universität Hohenheim, Stuttgart

Esteban Pérez Caldentey, Economic Commission for Latin America and the Caribbean Roy Harrod’s Views on Statics and Dynamics in the History of Economic Thought

Michaël Assous, Université Lyon 2, CNRS TRIANGLE, and Muriel Dal Pont Legrand, Université Cote d’Azur, CNRS GREDEG Early Growth Models and Expectations

Mauro Boianovsky, Universidade de Brasilia Domar on Capital Accumulation and Growth Instability SAT3C Session (rm 304): “Conceptualizng Fairness”

CHAIR: Gerhard Michael Ambrosi

Gerhard Michael Ambrosi, Economic Reciprocity vs. Economic Equity - A re-reading of Aristotle's Analysis of Exchange

Robert Urquhart, University of Denver Metabolism, Process, Product: A Note on Marx’s Concept of Labour

Discussants: Robert Urquhart Gerhard Michael Ambrosi HES 2018 Conference Program 22

SAT3D Session (rm 305): “Macro”

CHAIR: George S. Tavlas, Bank of Greece

Jéssica Gesiene Nascimento, UFABC, and André Roncaglia de Carvalho, UNIFESP A Tale of Two Models: Phillips curve and Simonsen’s Inflation Feedback Model

George S. Tavlas, Bank of Greece The Dog that didn’t Bark: Lloyd Mints and the Development of the Chicago Monetary Tradition

Erwin Dekker , Erasmus School of Economics, Rotterdam Tinbergen’s Central Contribution: Policy Design, not Macro-econometric Modelling

Discussants: Erwin Dekker Jéssica Gesiene Nascimento George S. Tavlas SAT3E Session (rm 601): “HES Award Winners”

Ian Kumekawa, Harvard University The First Serious Optimist: A. C. Pigou and the Birth of Welfare Economics”

Beatrice Cherrier, CNRS & THEMA, University of Cergy Pontoise “Classifying Economics: A History of the JEL Codes”

Adam Leeds, University of Pennsylvania “Spectral Liberalism: on the Subjects of Political Economy in Moscow”

Discussants: Steven Medema Rebeca Gomez Betancourt Maxime Desmarais-Tremblay SAT3F Session (rm 602): “Post War Institutions”

CHAIR: Robert Dimand, Brock University

Juan Acosta and Eirch Pinzón-Fuchs Macro-econometric modeling at the SSRC’s Committee on Economic Stability

Robert Dimand, Brock University HES 2018 Conference Program 23

Changing Economics: Irving Fisher, the Cowles Commission, and the Econometric Society

David Levy, George Mason University, and Sandra Peart, The Role of the Earhart Foundation in Liberal Free Market Support

Discussants: David Levy/Sandra Peart Eirch Pinzón-Fuchs or Juan Acosta Robert Dimand

3:00 - 3:45 pm Coffee Break

3:45 – 4:45 pm SAT4A Session (rm 306): “Marx 1”

CHAIR: Yutaka Furuya, Tohoku University Ayse Y. Evrensel, Southern Illinois University Edwardsville Marx, Schumpeter and the Real Business Cycle Theory

Yutaka Furuya, Tohoku University, Marx on Steuart’s ‘Money of Account’

Discussants: Yutaka Furuya Ayse Y. Evrensel SAT4C Session (rm 304): “Röpke and Gramsci”

CHAIR: Kevin Christ, Rose-Hulman Institute of Technology

Kevin Christ, Rose-Hulman Institute of Technology A Measure of Judgements – Wilhelm Röpke’s Methodological Heresy

Clara Mattei, New School for Social Research Gramsci and Pure Economics

Discussants: Charles Rose Cristina Marcuzzo SAT4D Session (rm 305): “Institutional Economics”

CHAIR: Felipe Almeida, Federal University of Paraná, Brazil

Marcus Kantola, Turku School of Economics Blinded by Ideology: Institutional roots of John Kenneth Galbraith Criticism of Economic Ideas HES 2018 Conference Program 24

Felipe Almeida, Federal University of Paraná, Brazil The Impact of the Foundation and Early Years of the Association of Evolutionary Economics on Allan Gruchy’s Institutionalism

Discussants: Felipe Almeida Marcus Kantola

5:00 - 6:30 pm Plenary Session, Kasbeer Hall

Anwar Shaikh, The New School "Constructing a Classical-Keynesian Paradigm in Economics”

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Sunday, June 17

8:45 – 9:45 am SUN1A Session (rm 306): “Before Smith”

CHAIR: Céline Bouillot, PHARE - Paris 1 Panthéon Sorbonne University

Céline Bouillot, PHARE - Paris 1 Panthéon Sorbonne University Lockean Monetary Policies and Social Conflict

Patrick Higgins, University of Łódż A Tale of Two Enlightenments: The Interconnection of Scottish and Polish Institutions in the 15th-18th Centuries

Discussants: Patrick Higgins Céline Bouillot SUN1B Session (rm 321): “Graduate Economics Training”

CHAIR: Irwin Collier, John F. Kennedy Institute of Economics

Andrej Svorenčík, University of Mannheim The Doctoral Origins of Economics Faculty

Irwin Collier, John F. Kennedy Institute of Economics Graduate Economics Classes taught by Paul Samuelson at M.I.T. in 1943: The Elizabeth Fay Ringo Notes

Discussants: Irwin Collier Andrej Svorenčík SUN1C Session (rm 304): “Interwar Crises"

CHAIR: Elisabeth Allgoewer, Universität Hamburg

Elisabeth Allgoewer, Universität Hamburg German Economics and Social Policy after World War I: Economists Between Historical-Ethical Economics and the Emerging Mainstream

Jean-Sébastien Lenfant, University of Lille Early Debates on Quality, Market Coordination and Welfare in the U.S. in the 1930s

Discussants: Jean-Sébastien Lenfant HES 2018 Conference Program 26

Steven Medema SUN1D Session (rm 305): “Education”

CHAIR: Susumu Egashira, Otaru University of Commerce

Susumu Egashira and Masanobu Nakatsugawa, Otaru University of Commerce The Relationship Between the Policy of Education and Economic Thought: A case of JETs program in Japan

Roland Fritz, University of Siegen Learning by Liberty - Hayek on Education

Discussants: Susumu Egashira Roland Fritz SUN1E Session (rm 301): “Consumption”

CHAIR: Maxime Desmarais-Tremblay, Goldsmiths, University of London

David Philippy, University of Lausanne From Moralism to Rational Consumption: Behavioral Expertise and the Birth of the Economics of Consumption

Maxime Desmarais-Tremblay, Goldsmiths, University of London A Conceptual History of Consumer Sovereignty

Discussants: Joe Blosser Amos Wiztzim

9:45 – 10:30 am Coffee Break 10:30 – 12:00 pm SUN2A Session (rm 306): “Geography and Environment”

CHAIR: Harro Maas, Centre Walras-Pareto

Anthony Rebours, University of Paris 8 The Interactions Between Economics and Geography (1980-2015): A Bibliometric History

Harro Maas, Centre Walras-Pareto No Willingness to Compromise the Adversarial Nature of Economic Expertise on Environmental Harm Thomas Mueller, Marco Paulo, Vianna Franco, and Marion Gaspard, l'Université de Paris 8 HES 2018 Conference Program 27

Time Discounting in Harold Hotelling’s Approach to Natural Resource Economics: The Unsolved Ethical Question

Discussants: Thomas Mueller Anthony Rebours Harro Maas SUN2B Session (rm 321): “The MacLean Controversy A Year Later”

CHAIR: Andrew Farrant and Scott Scheall, Arizona State University

Roundtable Participants:

Peter Boettke, George Mason University

Marianne Johnson, University of Wisconsin Oshkosh

M. Ali Khan, Johns Hopkins University

Stefan Kolev, University of Applied Sciences Zwickau

David Levy, George Mason University

Phil Magness, George Mason University, Berry College

Alain Marciano, Université de Montpellier

Sandra Peart, University of Richmond

Vlad Tarko, Dickinson College SUN2C Session (rm 304): “Late 19th Century Economics”

CHAIR: Gonçalo L. Fonseca, INET

Gonçalo L. Fonseca, INET The Law of Distribution Reconsidered: Wicksteed's Completion of Jevons

Kelley Goodman, Yale University Bastiat’s Parables in the American Political Economy

Stephen Engelmann, University of Illinois at Chicago Mill’s Protagoras and Mill’s Political Economy

Discussants: Kelley Goodman HES 2018 Conference Program 28

Stephen Engelmann Gonçalo L. Fonseca SUN2D Session (rm 305): “Finance and Risk”

CHAIR: Franck Jovanovic, Université TÉLUQ

Franck Jovanovic, Université TÉLUQ, and Guy Numa, University of Massachusetts Boston The Re-introduction of Modern Finance Ideas in France Between the Mid- 1970 and the Mid-1980 and Some of its Paradoxes

Robert Kaminski, University of Chicago Risk, Uncertainty, and (Insurance) Profit before Knight

Thomas Delcey, University Paris 1, CES, RehPere The Random Character of the Financial Fluctuation, 1930 – 1960 Constitution and Polysemy of a Research Object

Discussants: Thomas Delcey Robert Kaminski Franck Jovanovic SUN2E Session (rm 301): “Macro 2”

CHAIR: Antonella Rancan, University of Molise

Antonella Rancan, University of Molise Modigliani and the New Keynesian Economics

Francesco Sergi, University of Bristol, Pierrick Dechaux and Aurélien Goutsmedt, Université Paris I A French-American Episode in the History of Macroeconomics. The Early Years of the “International Seminar on Macroeconomics

Matthieu Renault, University of São Paulo (FEA-USP), and University of Paris 1 Pantheon-Sorbonne Edmond Malinvaud’s Criticisms to New Classical Macroeconomics: Restoring the Rationale of the "Old Keynesians" Stance

Discussants: Francesco Sergi Matthieu Renault Antonella Rancan

12:00 - 1:30 pm Lunch on your own

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12:00 - 1:30 pm Oeconomia meeting, Kasbeer Hall

1:30 – 3:00 pm SUN3A Session (rm 306): “Smith Past and Present” Organized by the International Adam Smith Society (IASS)

CHAIR: Tomas Kristofory, American University in Bulgaria

Thomas Ruellou, University Paris 1 Classical Economics and the ‘Corruption’ of the Notion of Cost: an Overlooked Smithian Inheritance in Sraffa

Tomas Kristofory, American University in Bulgaria Göttingen Link and Dissemination of Adam Smith's Political Economy on the Continent

Discussants: Mauricio C. Coutinho Thomas Ruellou SUN3B Session (rm 321): “Order, Power and Context in German- Language Neoliberalism”

CHAIR: Bruce Caldwell, Duke University

Dagmar Schulze Heuling, University of Bonn, Germany Walter Eucken’s Concept of Power

Erwin Dekker , Erasmus School of Economics, Rotterdam, and Stefan Kolev University of Applied Sciences Zwickau, Germany Continental European Influences on F.A. Hayek

Lachezar Grudev, University of Freiburg, Germany The Freiburg School and the Genesis of F.A. Hayek’s “The Pure Theory of Capital”

Stefan Kolev, University of Applied Sciences Zwickau, Germany Max Weber’s Economic Sociology as Fertile Ground for German Neoliberalism

Discussants: Dagmar Schulze Heuling Erwin Dekker Lachezar Grudev Stefan Kolev

HES 2018 Conference Program 30

SUN3C Session (rm 304): “Mid-20th Century”

CHAIR: Jeff Biddle, Michigan State University

Hugo Chu, University of São Paulo and Unioeste-FB The Samuelson-Koopmans Thread and the Representative Agent in Economics

Jeff Biddle, Michigan State University Zvi Griliches and the Diffusion of the Cobb-Douglas Regression

Jonathan Cogliano, Dickinson College An Account of ‘the Core’ in General Equilibrium Theory

Discussants: Jonathan Cogliano Hugo Chu Jeff Biddle SUN3D Session (rm 305): “Capitalism Competition Conflict Crisis: A Critical Discussion with the Author, Anwar Shaikh”

CHAIR: Joseph Persky

Daniel Younessi, New school for Social Research Preliminary Steps toward a Multi-agent Simulation of the Classical- Keynesian Synthesis

Oriol Vallès Codina, New school for Social Research Real Competition within an Industry: An Evolutionary-Computational Approach

Discussant: Anwar Shaikh SUN3E Session (rm 301): “Macro 3”

CHAIR: Judge Glock, West Virginia University

Romain Plassard, Duke University Following in Patinkin and Clower’s footsteps: Barro, Grossman and the Development of Disequilibrium Macroeconomics

Yara Zeineddine, University of Paris 1 and PHARE SFC post-Keynesian Modeling: an Alternative Historical Time-Based Framework or "Another Box of Tricks"?

Judge Glock, West Virginia University HES 2018 Conference Program 31

The Missing Monetary Transmission Mechanism

Discussants: Judge Glock Romain Plassard Yara Zeineddine SUN3F Session (rm 302): “Experimental and Behavioral”

CHAIR: Annie L. Cot, University of Paris I Panthéon-Sorbonne

Annie L. Cot, University of Paris I Panthéon-Sorbonne The “Coming into Being” of Experimental Economics: A “Biography” of the Interwar Experimental Envy in North America

Chung-Tang Cheng, London School of Economics Guy Orcutt’s Microanalytics as the First Experimental Tradition in Empirical Economics?

Guillaume Noblet, University of Paris 1 Panthéon-Sorbonne Experiments in US Agricultural Economics: A History of Experimental Economics?

Discussants: Guillaume Noblet Chung-Tang Cheng Annie L. Cot

3:45 – 4:45 pm SUN4A Session (rm 306): “Wicksell”

CHAIR: Arie Arnon

Arie Arnon, Ben Gurion University of the Negev Wicksell's Studies of Monetary Theories and Real Cycles and Crises: An Assessment of his Impact on Keynes and Hayek

Léon Guillot, University Paris 1, PHARE Widening Wicksell’s conception of Political Economy: his 'Thoroughly Revolutionary Programme

Discussants: Léon Guillot Marianne Johnson SUN4B Session (rm 321): “US Foreign Economic Policy”

CHAIR: Stephen Meardon, Bowdoin College HES 2018 Conference Program 32

Stephen Meardon, Bowdoin College American Protectionism and the Paternity of

Mark McAdam, Universität Witten-Herdecke Why Liberalization Trumped Protectionism: Ideas, Agency, and Political Entrepreneurs in Kennedy’s Foreign Economic Policy

Discussants: Nicola Giocoli Stephen Meardon SUN4D Session (rm 305): “Veblen”

CHAIR: James Wible, University of New Hampshire

David L. Seim, University of Wisconsin-Stout As They Knew Him: Biographical Details, Protectively Provided by Veblen’s Family

James Wible, University of New Hampshire Why Economics is An Evolutionary Mathematical Science: How Could Veblen’s View of Economics been So Different than C. S. Peirce’s?

Discussants: James Wible David L. Seim SUN4E Session (rm 301): “Marx 2”

CHAIR: Jose Guillermo Pelaez Gramajo, UAM

Jose Guillermo Pelaez Gramajo, UAM Assessing Marx's Theory of Crisis

Ilker Aslantepe, New School Division of Labor and Specialization in Non-Convex Monetary Economies

Discussants: Ilker Aslantepe Jose Guillermo Pelaez Gramajo

5:00 – 6:30 pm

Presidential Address - Rogers Courtroom, Corby Law Center

Evelyn L Forget, University of Manitoba “Folk Wisdom in Economics”

HES 2018 Conference Program 33

6:30 Banquet bar opens (Ticket Required)

7:00 - 9:00 pm

Awards Banquet – Kasbeer Hall (Ticket Required)

HES 2018 Conference Program 34

HES 2018 Conference Program 35

HES 2018 Conference Program 36