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1 Joseph Agassi, the Mt Seminar
JOSEPH AGASSI, THE M2T SEMINAR, AND HIS INFLUENCE ON MY WORK Forthcoming in Critical Rationalism at Work: Essays for Joseph Agassi on the occasion of his 90th birthday, Springer International 1 ABSTRACT This paper discusses the influence on my research and writings of several methodological principles that we, the members of the LSE Staff Seminar on Methodology, Measurement and Testing learned directly from Joseph Agassi and indirectly from Karl Popper. It begins with the origins of the seminar and my text book, An Introduction to Positive Economics. It goes on to cover methodological issues that arose in my subsequent papers including: the importance of having empirical content in economic theories, the poverty of theories that are built only to pass sunrise tests, why non-robust assumptions need to be tested, the concept of refutability, the fussy distinction between normative and positive statements, the impossibility of giving purely positive policy advice, the testing of existential statements, fallacious attempts to deduce empirical propositions from definitional identities, the distinction between internally and externally driven research programs, the poverty of modern welfare economics as a guide to policy and the possibility of deriving policy advice without such guidance. It concludes with a short discussion of the revolutionary implications of accepting technological change as being generated endogenously under conditions of genuine uncertainty rather than measurable risk. 2 I am a professional economist with only a rudimentary knowledge of some basic methodological principles. Most of these I learned from Joseph Agassi, either directly or through his friend and my colleague, Kurt Klappholz. I never met Karl Popper but, through Joseph, we were also introduced to many of Popper’s ideas. -
Price Stability Versus Full Employment: the Phillips Curve Dilemma Reconsidered
Price Stability versus Full Employment: The Phillips Curve Dilemma Reconsidered Dipl. oec. Johannes A. Schwarzer 15. Mai 2016 Kumulative Dissertation zur Erlangung des akademischen Grades Dr. oec. Eingereicht an der Fakultät Wirtschafts- und Sozialwissenschaften der Universität Hohenheim am 4. Dezember 2015 Institut für Volkswirtschaftslehre (520H) Datum der mündlichen Promotionsleistung (Kolloquium): 23. März 2016 Erstgutachter: Prof. Dr. Harald Hagemann (Universität Hohenheim) Zweitgutachter: Prof. Dr. Hans-Michael Trautwein (Carl von Ossietzky Universität Oldenburg) Vorsitzender der Prüfungskommission: Prof. Dr. Heinz-Peter Spahn (Universität Hohenheim) Dekan der Fakultät Wirtschafts- und Sozialwissenschaften der Universität Hohenheim: Prof. Dr. Dirk Hachmeister Kontakt: [email protected] Price Stability versus Full Employment: The Phillips Curve Dilemma Reconsidered To Amrei Acknowledgements Although each paper included in this thesis features a separate acknowledgements section, many people and organisations helped me in diUerent ways during the whole research process. I would like to take the opportunity and express my gratitude to all those who contributed to this thesis. First and foremost my wife supported me throughout all the years for which I am deeply grateful. The supervisor of my thesis, Harald Hagemann, provided excellent advice and guidance in any stage of this dissertation. He also put me in contact with Robert Solow, who commented on the Samuelson-Solow paper included in this thesis. Harald Hagemann also introduced me to David Laidler, who always had most valuable remarks and who shared many contemporary experiences with me which cannot be found anywhere else. David Laidler also put me in con- tact with Richard Lipsey, Edward Nelson and Grant Reuber. Edward Nelson commented on the paper on Friedman’s view about the “cruel dilemma”. -
Probing Leviathan an Investigation of Government in the Economy
Copyright the Fraser Institute www.fraserinstitute.org Copyright the Fraser Institute www.fraserinstitute.org Copyright the Fraser Institute www.fraserinstitute.org Probing Leviathan An Investigation of Government in the Economy Edited by: George Lermer Contributors: Thomas J. Courchene Herbert Grubel John L. Howard Richard G. Lipsey Rolf Mirus W T. Stanbury Copyright the Fraser Institute www.fraserinstitute.org Papers appearing in this volume were first presented at a conference sponsored by The School of Management, The University of Leth bridge, Lethbridge, Alberta, April 1 and 2, 1982. The School of Man agement gratefully acknowledges the financial support of the Burns Foods Endowment Fund. Canadian Cataloguing in Publication Data Main entry under title: Probing Leviathan Includes index. 1. Canada - Economic policy - 1971- 2. Canada - Economic condi tions - 1971- 3. Government spending policy - Canada. I. Lermer, George. II. Fraser Institute (Vancouver, B.C.) HC115.P762 1984 330.971 C84-091416-4 COPYRIGHT © 1984 by The Fraser Institute. All rights reserved. No part of this book may be reproduced in any manner whatsoever without written per mission except in the case of brief quotations embodied in critical articles and reviews. Printed in Canada. Copyright the Fraser Institute www.fraserinstitute.org CONTENTS FOREWORD, Michael A. Walker Vll PREFACE GOVERNMENT AND THE MARKET ECONOMY, George Lermer IX PART I Chapter 1 CAN THE MARKET ECONOMY SURVIVE? Richard G. Lipsey 3 I. What the Market Economy Does 3 II. The Case for the Market Economy 9 III. The Case for Intervention 13 IV. The Erosion of the Free Market 19 V. The Future of the Market Economy 28 Notes 35 References 36 Chapter 2 THE CITIZEN AND THE STATE: A MARKET PERSPECTIVE, Thomas J. -
27 . Richard G. Lipsey,.Pdf
ECONOMIC TRANSFORMATIONS This page intentionally left blank Economic Transformations General Purpose Technologies and Long-Term Economic Growth RICHARD G. LIPSEY KENNETH I. CARLAW CLIFFORD T. BEKAR 1 3 Great Clarendon Street, Oxford ox2 6dp Oxford University Press is a department of the University of Oxford. It furthers the University’s objective of excellence in research, scholarship, and education by publishing worldwide in Oxford New York Auckland Cape Town Dar es Salaam Hong Kong Karachi Kuala Lumpur Madrid Melbourne Mexico City Nairobi New Delhi Shanghai Taipei Toronto With offices in Argentina Austria Brazil Chile Czech Republic France Greece Guatemala Hungary Italy Japan Poland Portugal Singapore South Korea Switzerland Thailand Turkey Ukraine Vietnam Oxford is a registered trade mark of Oxford University Press in the UK and in certain other countries Published in the United States by Oxford University Press Inc., New York ß Richard G. Lipsey, Kenneth I. Carlaw, and Clifford T. Bekar The moral rights of the authors have been asserted Database right Oxford University Press (maker) First published 2005 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission in writing of Oxford University Press, or as expressly permitted by law, or under terms agreed with the appropriate reprographics rights organization. Enquiries concerning reproduction outside the scope of the above should be sent to the Rights Department, Oxford University Press, at the address above You must not circulate this book in any other binding or cover and you must impose the same condition on any acquirer British Library Cataloguing in Publication Data Data available Library of Congress Cataloging in Publication Data Data available Typeset by SPI Publisher Services, Pondicherry, India Printed in Great Britain on acid-free paper by Clays Ltd., St. -
Clearing the Wreckage, and Building Anew
Clearing the wreckage, and building anew A creative revolution spurred by new technology is the solution to Canada's industrial decay, argues economist Richard Lipsey GORDON PITTS GLOBE AND MAIL UPDATE JANUARY 12, 2009 AT 7:41 AM EST As one of Canada's iconic economists, Richard Lipsey wrote textbooks that unlocked the mysteries of the supply-demand curves for a generation of university students. As one of London's hottest TV directors, Matt Lipsey was part of the creative team behind the hilariously off- colour comedy hit, Little Britain. Matt is Richard's son - and one of the reasons the 80-year-old economist remains optimistic, despite the storms shaking the industrial core of the Canadian economy. Prof. Lipsey sees the dramatic decline in Canadian manufacturing as the onset of a potential 10-year restructuring similar to what hit Britain in the 1980s. "All the old manufacturing industries disappeared and it probably will happen in Ontario," he said from his home on Bowen Island, just off the coast from Vancouver. "It will be a profound change for the whole country." Yet Britain survived and so should Canada, he says. One phenomenon that replaced the decaying industrial foundation of Britain was the emergence of London as a financial, media and entertainment centre. That transition gave Matt Lipsey a stage to play on. And the creative revolution was spurred by technological change, which according to Richard Lipsey, is also the hope for Canada's future. "London has done [the transition] - and it was all technological," says Prof. Lipsey, who has another son working in the British music business.