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Cambridge University Press 978-1-107-17533-4 — A Brief History of Economic Thought Alessandro Roncaglia Table of Contents More Information Contents Preface page ix 1 Introduction: The History of Economic Thought and Its Role 1 1.1 Why the History of Economic Thought Is Considered Useless: The Cumulative View 1 1.2 The Competitive View 3 1.3 The Stages of Economic Theorising: Conceptualisation and Model-building 7 1.4 Economics and the History of Economic Thought 8 2 The Prehistory of Political Economy 10 2.1 Why We Call It Prehistory 10 2.2 Classical Antiquity 14 2.3 Patristic Thought 16 2.4 The Scholastics 17 2.5 Usury and Just Price 19 2.6 Bullionists and Mercantilists 22 2.7 The Naissance of Economic Thought in Italy: Antonio Serra 23 3 William Petty and the Origins of Political Economy 27 3.1 Life and Writings 27 3.2 Political Arithmetic and the Method of Economic Science 28 3.3 National State and the Economic System 31 3.4 Commodity and Market 33 3.5 Surplus, Distribution, Prices 35 4 From Body Politic to Economic Tables 39 4.1 The Debates of the Time 39 4.2 John Locke 40 4.3 The Motivations and Consequences of Human Actions 42 4.4 Bernard de Mandeville 43 4.5 Richard Cantillon 45 4.6 François Quesnay and the Physiocrats 48 4.7 The Political Economy of the Enlightenment; Turgot 51 4.8 The Italian Enlightenment: the Abbé Galiani 53 4.9 The Scottish Enlightenment: Francis Hutcheson and David Hume 55 v © in this web service Cambridge University Press www.cambridge.org Cambridge University Press 978-1-107-17533-4 — A Brief History of -
HISTORY of ECONOMIC THOUGHT a Selected Bibliography John F
HISTORY OF ECONOMIC THOUGHT A Selected Bibliography John F. Henry Department of Economics California State University, Sacramento A. Texts and Commentaries of a General Nature (The following list is not meant to be exhaustive, but does represent general accounts from varying points of view. The student should also examine the bibliographies in these works, particularly that in Spiegel. There are also a number of series studies now available, notably from Edward Elgar publisher: Perspectives in the History of Economic Thought which features papers presented at the annual History of Economics Society meeting (9 vols); Pioneers in Economics, Marc Blaug, ed., which contains papers on particular economists (currently at 46 titles); Schools of Thought in Economics, Marc Blaug, general ed. which contains (currently 11) volumes of essays on particular general approaches in economics. Routledge is publishing a Critical Assessments series, edited by John Wood featuring articles written on specific economists: currently, volumes on Joan Robinson, Leontief, Say, and Pareto are published. Routledge also publishes a “Library of 20th Century Economists,” organized around themes–The Chicago Tradition, Socialism and the Market, Origins of Macroeconomics, etc. And, the firm has a “Critical Reviews” and Critical Responses” series. Macmillan has a new series on Contemporary Economists, edited by John Pheby. Finally, Pickering and Chatto (UK) is publishing series on various topics that collect articles written over a several hundred year period: Hageman, H., ed., Business Cycle Theory (4 vols); Emmett, R., Reactions to the South Sea Bubble, the Mississippi Scheme, and the Tulip Mania Affair (3 vols); White, L, ed., The History of Gold and Silver (3vols); O’Brien, D., The History of Taxation (8 vols); Bridel, P., The Foundations of Price Theory (6 vols); Barber, W., et al., eds, Early American Thought (6 vols); Samuels, W., ed., Law and Economics (2 vols); Capie, F., ed., History of Banking, 1650-1850 (10 vols); Ross, D., History of Banking II, 1844-1959 (10 vols). -
6. Classical Economics from Smith to Malthus Robert L
Section XIV: The ndusI trial Revolution, Classical Contemporary Civilization (Ideas and Institutions Economics, and Economic Liberalism of Western Man) 1958 6. Classical Economics from Smith to Malthus Robert L. Bloom Gettysburg College Basil L. Crapster Gettysburg College Harold L. Dunkelberger Gettysburg College See next page for additional authors Follow this and additional works at: https://cupola.gettysburg.edu/contemporary_sec14 Part of the Economic History Commons, and the Economic Theory Commons Share feedback about the accessibility of this item. Bloom, Robert L. et al. "6. Classical Economics from Smith to Malthus. Pt XIV: The ndusI trial Revolution, Classical Economics, and Economic Liberalism." Ideas and Institutions of Western Man (Gettysburg College, 1958), 16-20. This is the publisher's version of the work. This publication appears in Gettysburg College's institutional repository by permission of the copyright owner for personal use, not for redistribution. Cupola permanent link: https://cupola.gettysburg.edu/ contemporary_sec14/6 This open access book chapter is brought to you by The uC pola: Scholarship at Gettysburg College. It has been accepted for inclusion by an authorized administrator of The uC pola. For more information, please contact [email protected]. 6. Classical Economics from Smith to Malthus Abstract In 1776, several years after his good friend James Watt ah d obtained the first patent covering the steam engine and several years before the process for making wrought iron was devised, Adam Smith (1723-1790), a retired professor of moral philosophy at the University of Glasgow, published An Inquiry into the Nature and Causes of the Wealth of Nations. This book was immediately popular. -
The Routledge Handbook of Heterodox Economics Theorizing, Analyzing, and Transforming Capitalism Tae-Hee Jo, Lynne Chester, Carlo D'ippoliti
This article was downloaded by: 10.3.98.104 On: 27 Sep 2021 Access details: subscription number Publisher: Routledge Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: 5 Howick Place, London SW1P 1WG, UK The Routledge Handbook of Heterodox Economics Theorizing, Analyzing, and Transforming Capitalism Tae-Hee Jo, Lynne Chester, Carlo D'Ippoliti The social surplus approach Publication details https://www.routledgehandbooks.com/doi/10.4324/9781315707587.ch3 Nuno Ornelas Martins Published online on: 28 Jul 2017 How to cite :- Nuno Ornelas Martins. 28 Jul 2017, The social surplus approach from: The Routledge Handbook of Heterodox Economics, Theorizing, Analyzing, and Transforming Capitalism Routledge Accessed on: 27 Sep 2021 https://www.routledgehandbooks.com/doi/10.4324/9781315707587.ch3 PLEASE SCROLL DOWN FOR DOCUMENT Full terms and conditions of use: https://www.routledgehandbooks.com/legal-notices/terms This Document PDF may be used for research, teaching and private study purposes. Any substantial or systematic reproductions, re-distribution, re-selling, loan or sub-licensing, systematic supply or distribution in any form to anyone is expressly forbidden. The publisher does not give any warranty express or implied or make any representation that the contents will be complete or accurate or up to date. The publisher shall not be liable for an loss, actions, claims, proceedings, demand or costs or damages whatsoever or howsoever caused arising directly or indirectly in connection with or arising out of the use of this material. 3 The social surplus approach Historical origins and present state Nuno Ornelas Martins Introduction For classical political economists, the social surplus is the part of production that is not necessary for the reproduction of the existing social system. -
The Pure Logic of Value, Profit, Interest
Munich Personal RePEc Archive The pure logic of value, profit, interest Kakarot-Handtke, Egmont 11 May 2011 Online at https://mpra.ub.uni-muenchen.de/33257/ MPRA Paper No. 33257, posted 09 Sep 2011 11:24 UTC The Pure Logic of Value, Profit, Interest Egmont Kakarot-Handtke* Abstract Standard economic models are based on axioms that epitomize the fundamen- tal behavioral assumptions. This approach is not conductive to convincing results. The suggested change of perspective is guided by the question: what is the minimum set of propositions for the consistent reconstruction of the evolving money economy? We start with three structural axioms and deter- mine their real world implications. The claim of generality entails that it should be possible to demonstrate that well-understood parts of theoretical economics fit consistently into the structural axiomatic framework. We focus in the following on the classical theory of value. JEL B12, B41, D00, E43 Keywords New framework of concepts, Structure-centric, Axiom set, Labour theory of value, Structural value theorem, Profit, Distributed profit, Rate of interest, Reproducibility *Affiliation: University of Stuttgart, Institute of Economics and Law, Keplerstrasse 17, D-70174 Stuttgart. Correspondence address: AXEC, Egmont Kakarot-Handtke, Hohenzollernstraße 11, D- 80801 München, Germany, e-mail: [email protected] 1 J. S. Mill clearly enunciated the question than stands at the beginning of any and every scientific inquiry: What are the propositions which may reasonably be received without proof? That there must be some such propositions all are agreed, since there cannot be an infinite series of proof, a chain suspended from nothing. But to determine what these propositions are, is the opus magnum of the more recondite mental philosophy. -
History of Economic Thought
FOURTH EDITION -------------------- History of Economic Thought FOURTH EDITION -------------------- History of Economic Thought Harry Landreth Centre College David C. Colander Middlebury College Houghton Mifflin Company Boston Toronto Contents 1 Introduction 1 The Central Focus of Modern Economic Thought 1 Divisions of Modern Economic Theory 3 Terminology and Classification 3 Our Approach to the History of Economic Thought 4 Relativist and Absolutist Approaches 4 Orthodox and Heterodox Economists 5 The Role of Heterodox Economists 6 Defining Heterodoxy 7 How dissenting Economists Influence Economic Thought 7 and the Profession Problems of Heterodox Economists 8 The problem of Presenting Diversity 8 Methodological Issues 10 Economics as an Art and as a Science 11 The Importance of Empirical Verification 11 Benefits to Be Gained from the Study of the History 12 of Economic Thought Key Terms 14 Questions for Review and Discussion 14 Suggested Readings 15 Appendix for Chapter 1 16 The Profession of Economics and Its Methodology 16 The Spread of Economic Ideas 17 The Evolution of Methodological Thought 18 iv Contents The Rise of Logical Positivism 18 The Logical Positivism to Falsificationism 18 From Falsificationism to Paradigms 19 From Paradigms to Research Programs 20 From Research Programs to Sociological and Rhetorical 20 Approaches to Method 21 Postrhetorical Methodology 22 PART ONE PRECLASSICAL ECONOMICS 22 2 Early Preclassical Economic Thought 27 Important Writers 27 Some Broad Generalizations 28 Non-Western Economic Thought 29 Greek Thought 31 Hesiod and Xemophone 31 Aristotle 32 Arab-Islamic Thought 33 Abu Hamid al-Ghazali 34 Ibn Khaldun 35 Scholasticism 35 The Feudal Foundation of Scholastic Thought 35 St. -
Freiburger Diskussionspapiere Freiburg Discussionpapers
Individual Choice and Social Welfare. Theoretical Foundations of Political Economy Viktor J. Vanberg 18/03 Freiburger Diskussionspapiere zur Ordnungsökonomik Freiburg Discussionpapers on Constitutional Economics Institut für allgemeine Wirtschaftsforschung Abteilung Wirtschaftspolitik und Ordnungsökonomik ISSN 1437-1510 Albert-Ludwigs-Universität Freiburg Individual Choice and Social Welfare Theoretical Foundations of Political Economy by Viktor J. Vanberg 1. Political Economy as Applied Economics What we call an economy, i.e. the nexus of economic activities and relations within some defined regional limits – e.g. a local, a national or the world economy –, has always been subject to measures taken, or constraints imposed by political authorities. How economies work is inevitably, and to a significant extent, contingent on the political environment within which they operate. It is not surprising that economists studying the working principles of economic systems have rarely been content with confining their work to describing and explaining the economic realities they observe. Their ambitions always extended to passing judgments on the policies that shaped these realities and to providing guidance for what politics ought to do to improve economic matters.1 In economics explanations of what is and judgments on what politics should do are often not only more closely intertwined than in most other fields of scientific inquiry, and more than from practitioners in other fields the general public expects economists to pass such policy judgments. -
Nassau William Senior Manuscripts (GB 0210 MSSENIOR)
Llyfrgell Genedlaethol Cymru = The National Library of Wales Cymorth chwilio | Finding Aid - Nassau William Senior manuscripts (GB 0210 MSSENIOR) Cynhyrchir gan Generated by Access to Memory (AtoM) 2.4.0 Argraffwyd: Medi 22, 2021 Printed: September 22, 2021 Wrth lunio'r disgrifiad hwn dilynwyd canllawiau ANW a seiliwyd ar ISAD(G) Ail Argraffiad; rheolau AACR2; ac LCSH Description follows NLW guidelines based on ISAD(G) 2nd ed.; AACR2; and LCSH https://archifau.llyfrgell.cymru/index.php/nassau-william-senior-manuscripts https://archives.library.wales/index.php/nassau-william-senior-manuscripts Llyfrgell Genedlaethol Cymru = The National Library of Wales Allt Penglais Aberystwyth Ceredigion United Kingdom SY23 3BU 01970 632 800 01970 615 709 [email protected] www.llyfrgell.cymru Nassau William Senior manuscripts Tabl cynnwys | Table of contents Gwybodaeth grynodeb | Summary information .............................................................................................. 3 Hanes gweinyddol / Braslun bywgraffyddol | Administrative history | Biographical sketch ......................... 3 Natur a chynnwys | Scope and content .......................................................................................................... 4 Trefniant | Arrangement .................................................................................................................................. 4 Nodiadau | Notes ............................................................................................................................................ -
Interim Report IR-02-037 the Role of Land in Economic Theory
International Institute for Tel: +43 2236 807 342 Applied Systems Analysis Fax: +43 2236 71313 Schlossplatz 1 E-mail: [email protected] A-2361 Laxenburg, Austria Web: www.iiasa.ac.at Interim Report IR-02-037 The Role of Land in Economic Theory Klaus Hubacek, (Klaus [email protected]) Jeroen C.J.M. van den Bergh, ([email protected]) Approved by Günther Fischer Leader, Land Use Change Project May, 2002 Interim Reports on work of the International Institute for Applied Systems Analysis receive only limited review. Views or opinions expressed herein do not necessarily represent those of the Institute, its National Member Organizations, or other organizations supporting the work. Contents Abstract iii Acknowledgements iv About the Authors v 1. Introduction 1 2. Pre-Classical Economics 2 3. Classical School 4 4. Neoclassical Economics 16 5. Treatment of Land in Specialized Sub-disciplines in Economics 23 5.1 Agricultural and Land Economics 23 5.2 From Resource and Environmental Economics to Ecological Economics 25 5.3 Land in Spatial Economics and Spatial Modeling 31 6. Conclusions 36 References 38 Abstract Changes in land use and land cover are among the issues central to the study of global environmental change. In addition to their cumulative long-term global dimensions, such changes can have profound regional environmental implications during the life span of current generations. A better understanding of the dynamics in land and water use is thus critical for an informed debate of sustainability. Land use represents a critical intersection of economic and ecological systems. Land- use changes are most often directly linked with economic decisions. -
Senior's 'Last Hour': Suggested Explanation of a Famous Blunder
History of Political Economy History of Political Economy 18:2 0 1986 by Duke University Press CCC 00 18-2702/86/$1.50 Senior’s ‘last hour’: suggested explanation of a famous blunder J. Bradford DeLong I In 1837 Nassau Senior-Drummond Professor of Political Economy at Oxford-published his Letters on the Factory Act. These were an exercise in applied economics: Senior tried to show that the effects of the then- existing Child Labour Law were bad and that the effects of the proposed Ten Hours Act would be worse.’ Not only would the regulation of working hours interfere with the workers’ freedom to make whatever contracts they wished with employers, but the regulation of working hours would also destroy substantial parts of the British cotton textile industry. In his analysis Senior commits an analytical blunder. By failing to rec- ognize that a reduction in total labor input (hours worked) will in general entail a reduction in the total amount of working capital, he concludes that all of the profits of British cotton mills are produced “in the last hour’’ of the workday. Therefore, according to Senior, a reduction in the length of the working day from the then-current 11Vi hours to 10 hours would either bankrupt the industry or else reduce the wages of workers to “the Irish standard .” * A decade later the Ten Hours Act passed. The British cotton textile industry did not go bankrupt. Senior’s pamphlet, written for the particular occasion, dropped into obscurity-although not without providing Marx an opportunity to rage against the Vulgar Economist Seni~r.~But Senior’s Letters on the Factory Act remain interesting for the magnitude and appar- ent obviousness of the analytical blunder committed. -
A Brief History of Economic Thought
A Brief History of Economic Thought Alessandro Roncaglia Sapienza University of Rome j§!g Cambridge UNIVERSITY PRESS Contents Preface page ix 1 Introduction: The History of Economic Thought and Its Role 1 1.1 Why the History of Economic Thought Is Considered Useless: The Cumulative View 1 1.2 The Competitive View 3 1.3 The Stages of Economic Theorising: Conceptualisation and Model-building 7 1.4 Economics and the History of Economic Thought 8 2 The Prehistory of Political Economy 10 2.1 Why We Call It Prehistory 10 2.2 Classical Antiquity 14 2.3 Patristic Thought 16 2.4 The Scholastics 17 2.5 Usury and Just Price 19 2.6 Bullionists and Mercantilists 22 2.7 The Naissance of Economic Thought in Italy: Antonio Serra 23 3 William Petty and the Origins of Political Economy 27 3.1 Life and Writings 27 3.2 Political Arithmetic and the Method of Economic Science 28 3.3 National State and the Economic System 31 3.4 Commodity and Market 33 3.5 Surplus, Distribution, Prices 35 4 From Body Politic to Economic Tables 39 4.1 The Debates of the Time 39 4.2 John Locke 40 4.3 The Motivations and Consequences of Human Actions 42 4.4 Bernard de Mandeville 43 4.5 Richard Cantillon 45 4.6 Francois Quesnay and the Physiocrats 48 4.7 The Political Economy of the Enlightenment; Turgot 51 4.8 The Italian Enlightenment: the Abbe Galiani 53 4.9 The Scottish Enlightenment: Francis Hutcheson and David Hume 55 v VI Contents 5 Adam Smith 58 5.1 Life and Writings 58 5.2 Method 59 5.3 The Moral Principle of Sympathy 61 5.4 The Wealth of Nations 63 5.5 Value and Prices -
Classical Economic Theory and Policy During the Great Irish Famine
Meiji Journal of Political Science and Economics Volume 5, 2017 Classical Economic Theory and Policy during the Great Irish Famine Hiroyuki Furuya Associate Professor of the History of Economic Thought, Tokushima Bunri University, Japan Abstract This paper aims to clarify the relationship between classical political economy and the Irish policy of the Whig government, including the former’s influence on the latter, during the Great Irish Famine. The paper focuses on the political economy of Nassau William Senior (1790–1864) and John Stuart Mill (1806–1873). Classical political economy of the time is often accused of utterly failing to prevent mass starvation in Ireland. The paper argues that, in order to assess this assertion during the Great Famine, it is crucial not to oversimplify as one unified group of Whigs the statesmen and mandarins in the Whig government who planned and managed the relief measures, and the classical political economists who offered broad-scale ideas and advised on policy. Mandarins were not always able to grasp precisely and practice effectively what political economists prescribed, nor did they necessarily intend to do so. The paper concludes that, concerning the Irish relief measures, the influence of classical political economy has been overestimated. Keywords: Classical Political Economy, Great Irish Famine, The Russell Government, Nassau William Senior, John Stuart Mill This paper is part of research funded by a Grant-in-Aid for Scientific Research by the Japan Society for the Promotion of Science (JSPS),