DOCSLIB.ORG

Henry Higgs Review By: Henry Higgs Source: the Economic Journal, Vol

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Henry Higgs Review By: Henry Higgs Source: the Economic Journal, Vol Review Author(s): Henry Higgs Review by: Henry Higgs Source: The Economic Journal, Vol. 6, No. 23 (Sep., 1896), pp. 452-454 Published by: Wiley on behalf of the Royal Economic Society Stable URL: http://www.jstor.org/stable/2957395 Accessed: 21-06-2016 17:56 UTC Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at http://about.jstor.org/terms JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]. Royal Economic Society, Wiley are collaborating with JSTOR to digitize, preserve and extend access to The Economic Journal This content downloaded from 128.223.86.31 on Tue, 21 Jun 2016 17:56:49 UTC All use subject to http://about.jstor.org/terms 452 THE ECQNOMIC JOURNAL The Science of Finance. By GUSTAV COHN. Tranislated by T. B. Veblen. (Chicago: the University of Chicago Press, 1895.) 800 pp. 8vo. No. I of the Economic Studies of the Un-iversity of Chicago. PROF. COHN bids- fair to become well known to a wider circle of English readers than any German economist has hitherto been. Articles from his pen are familiar to readers of the ECONOMIC JOURNAL and of the leading American reviews, and his History of Political Econaomy, translated by the American Academy of Political Science, is now followed by a translation of his Science of Finance, under the auspices of Chicago University. Prof. Cohn is an interesting writer, independent, vigorous, decisive and well-informed. These qualities are to be found in other German Professors of economics; but Prof. Cohn secures, we imagine, the preference of the translator by the merit, rare among his scientific compatriots, of compressing what he has to say within manageable compass. It is true that the present volume of 800 pages omits one of the four Books of the original System der Finanzwissenschaft; but even this book, dealing with the German Tax Legislation of the present time (and deemed to be out of date after a lapse of six years), would not have made the volume more than a small fraction of the size of Prof. Wagner's monumental and still unfinished Finanzwissenschaft. The omission of Book III. is, in some respects, to be regretted; and the cross references to the author's Political Economy tend still further to impair the ' unity within itself' which is desirable in such a volume. But we have no hesitation in welcoming the translation and in recommending it to the English student who has already a moderate acquaintance with the subject. It is not so well adapted to general use as Prof. Bastable's Public Finance. It does not cover the same ground. It does not deal in the same way with topics handled by both writers. But its point of view is ingenious and suggestive, and it stimulates reflection even where it fails to carry conviction. Comparison of theories is hardly less necessary or fruitful than comparison of facts in the science of Finance. The central idea of the book is patriotism. ' The word Fatherland probably is the one word that symbolises to the modern citizen all those higher interests which, apart from economic goods, aire what the national organisation conserves' (p. 152). The citizen must, if need be, shed his blood cheerfully in defence of his country. He must, at whatever inconvenience, render in kind to the State his services as a conscript in the army, and equally, within the limits of his ability, must contribute of his means to meet other requirements of the State. The same honourable alacrity should be shown, and the same stirring pride felt,.in the second case as in the first. Those who grudge their t.-xes or expect some material ieturn for them are lacking in the moral sense of duty to the community. Indeed, that the State's work should be ' done simply out of inclination for the work, from motives of This content downloaded from 128.223.86.31 on Tue, 21 Jun 2016 17:56:49 UTC All use subject to http://about.jstor.org/terms COHN: THE SCIENCE OF FINANCE 453 honour and patriotism, without regard to any economic return . .is the- ideal of a free commonwealth; it is the ancient ideal of a life spent in the service of the State and for the State's sake; it is the grand and undying conception handed down from antiquity of a freeman's work whose spirit instinctively recoils from the thought of a pecuniary motive ' (p. 256). Unfortunately there is now a ' wide divergence between this ideal and the reality,' for the modern bureaucratic State must needs pay its officers. Resistance to proposed taxation is too much pandered to. Statesmen 'proceed on the principle that the least possible offence must be given to the modern citizen's irritable spirit of resistance to all public demands' (p. 104). But if we are ever to reach a satisfactory basis of finance ' it will have. to come to this, that every public purpose must be pursued. only on the condition that the sacrifices necessarily involved are accepted as a matter of course by the body of citizens.. Every public activity that may require sacrifice should be enabled to pursue its end in all serenity, without being disturbed by any questions as to the raising of the necessary funds' (ib.). To which we would object that, however convenient this might prove to govern- ments, and however desirable it may be that the citizen should have an enlightened sense of his duty to the State and of the inmaterial benefits which he derives from its existence, principles like these are of little assistance in modern democracies. Indeed, the more public- spirited a man is, the more earnestly will he inquire precisely what, expenses it is desirable or necessary for the State to incur, in what, way they can be defrayed with the minimum of injury to the com- munity, and whether the resulting benefits are found to warrant the attendant expense. Upon these radical considerations Prof. Cohn is less explicit. Many interesting observations upon them are scattered throughout the book; but he would, we think, have been better advised to group them together in more orderly sequence and to dispense altogether with the very lengthy disquisition on the nature,. origin, and evolution of the State, whose existence, in its present form, it would, for his purpose, have been quite legitimate to take for granted. English and American readers will be surprised to learn that (apart from military reasons) the most cogent reason for the building of rail- ways by the State is the fact that ' there is a necessary period of transition, during which the receipts of the business cannot be ex- pected to cover the expenses' (p. 147), that University endowment is, part of the regular business of the organisation of the State (p. 170), that all nations have been 'constrained to follow' the example of conscription (p. 251), that the author condemns ' conversion' of debts. (p. 239), and that the French octroi is ' bound to seek and to find a foothold in other countries' (p. 422). Nationalism has its narrowness as well as its grandeur. After Prof. Cohn's bold claim that Germany is supreme in financial as in economic science (p. 32), we are not No. 23.-VOL. VI H H This content downloaded from 128.223.86.31 on Tue, 21 Jun 2016 17:56:49 UTC All use subject to http://about.jstor.org/terms 454 THE ECONOMIC JOURNAL surprised at his mean opinion of the French writers since, and except, the Physiocrats, nor at his denunciation of ' Adam Smith's pusillanimous theory of the income tax' (p. 419); but it must be our consolation to note that he is impartial enough to accuse Rau of being ignorant, superficial, and inconsistent, and compares some of Stein's views to fireworks, which dazzle for a moment 'only to leave us in a still profounder darkness' (p. 25). In' short, the volume is valuable because, the product of a Teutonic 'Mind of undoubted ability, it presents an old subject in a new way to English' readers; and it will be their own fault if they do not some- times by agreement, sometimes by reaction, derive much benefit from a careful study of its pages. HENRY HIGGS This content downloaded from 128.223.86.31 on Tue, 21 Jun 2016 17:56:49 UTC All use subject to http://about.jstor.org/terms.
Load more

Recommended publications
  • Review Author(S): Henry Higgs Review By: Henry Higgs Source: the Economic Journal, Vol
    Review Author(s): Henry Higgs Review by: Henry Higgs Source: The Economic Journal, Vol. 6, No. 24 (Dec., 1896), pp. 608-612 Published by: Wiley on behalf of the Royal Economic Society Stable URL: http://www.jstor.org/stable/2957203 Accessed: 27-06-2016 10:30 UTC Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at http://about.jstor.org/terms JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]. Wiley, Royal Economic Society are collaborating with JSTOR to digitize, preserve and extend access to The Economic Journal This content downloaded from 137.99.31.134 on Mon, 27 Jun 2016 10:30:22 UTC All use subject to http://about.jstor.org/terms 608 THE ECONOMIC JOURNAL had come to me, and I thenl determined to devote myself to the construction of a real science of Economics, on the model of the already established physical sciences. Even then, from the study of these works, I could discern from Adam Smith, Ricardo, and especially Whately,-that Economics is in reality the Science of Exchanges or of Commerce, or the Theory of Value.' In short, Air. MacLeod plunged into the middle of the subject, as an almost middle-aged lawyer consulted on a question of banking. Misled by the somewhat egotistical vein which may be traced in all his works, he immediately concluded that those parts of political economy in which he was not interested ought not to be included therein, and consequently proceeded to reject the whole of what is commonly called -production, distribution, and consumption.
    [Show full text]
  • 1. the Damnation of Economics
    Notes 1. The Damnation of Economics 1. One example of vice-regal patronage of anti-economics is Canada’s ‘Governor General’s Award for Non-Fiction’. In 1995 this honour was bestowed upon John Raulston Saul’s anti-economic polemic The Unconscious Civilization (published in 1996). A taste of Saul’s wisdom: ‘Over the last quarter-century economics has raised itself to the level of a scientific profession and more or less foisted a Nobel Prize in its own honour onto the Nobel committee thanks to annual financing from a bank. Yet over the same 25 years, economics has been spectacularly unsuc- cessful in its attempts to apply its models and theories to the reality of our civili- sation’ (Saul 1996, p. 4). See Pusey (1991) and Cox (1995) for examples of patronage of anti-economics by Research Councils and Broadcasting Corporations. 2. Another example of economists’ ‘stillness’: the economists of 1860 did not join the numerous editorial rebukes of Ruskin’s anti-economics tracts (Anthony, 1983). 3. The anti-economist is not to be contrasted with the economist. An economist (that is, a person with a specialist knowledge of economics) may be an anti- economist. The true obverse of anti-economist is ‘philo-economist’: someone who holds that economics is a boon. 4. One may think of economics as a disease (as the anti-economist does), or one may think of economics as diseased. Mark Blaug: ‘Modern economics is “sick” . To para- phrase the title of a popular British musical: “No Reality, Please. We’re Economists”’ (Blaug 1998, p.
    [Show full text]
  • A Farewell Letter from America Sir Angus Deaton Writes to Us One Last Time CONTENTS
    The RES is a learned society and membership organization founded in 1890 to promote economics. We publish two major journals and organise events including an annual conference. We encourage excellence, diversity and inclusion in all activities. Issue no. 193 April 2021 www.res.org.uk | @RoyalEconSoc A Farewell Letter from America Sir Angus Deaton writes to us one last time CONTENTS Inside this issue… APRIL 2021 | ISSUE NO. 193 major shocks to economic activity leave long shadows see page 12 01 THE EDITORIAL 12 THE COVID-19 RECESSION 20 THE WOMEN’S COMMITTEE AND HEALTH Endings and new beginnings: a brief How concrete steps on recruitment introduction to the redesigned April James Banks, Heidi Karjalainen, and could improve the representation of 2021 issue, from the new editor Dame Carol Propper consider how women in economics the Covid-19 recession will influence future health 02 LETTER FROM… 21 THE ECONOMIC JOURNAL The farewell Letter from America by An update on a year in the life of 15 AN UPDATE FROM THE Sir Angus Deaton, reflecting on past the Economic Journal, based on the ECONOMICS NETWORK Letters, and his life and times detailed report for 2020 Alvin Birdi and Caroline Elliott take stock on the pivot to 07 LETTER FROM… HIGHLIGHTS 22 OBITUARIES teaching online, and describe the Highlights from the Letters from ongoing response of the An obituary for Domenico Mario America, chosen by the editor, and Economics Network Nuti, prepared by Joseph Halevi an appreciation from Peter Howells and Peter Kriesler 18 COMMENT 10 PROFILE 23 NEWS
    [Show full text]
  • Newsletter July 2018
    Royal Economic Society Issue no. 182 Newsletter July 2018 ‘Go west (or east), young woman!’ Features Since the last Newsletter, much has been made in the print and broadcast media of the gender pay gap. Sadly, the latest Conference report p.3 Inomics Salary Report confirms that women economists are likely, as a general rule, to be paid less than their male coun- Inomics 2018 Salary Report p.8 terparts. This applies in both academia and the private sector. Like all general rules, however, this one has its exceptions. The Bank of England’s One Bank Report shows that female economists in senior academic posi- research agenda: update p.10 tions earn more than men in the region described as ‘Australia and Oceania’ — the difference is about nine per cent. For RES Strategy, 2018-23 p.13 female economists in the private sector, however, North Doing Economics p.16 America is the place to be. Here, senior level female econo- mists typically earn the same as or slightly more than their Women in the early days of the RES p.19 male equivalents. Elsewhere the conventional gap remains, The 50th History of though the data suggests that it may be very slowly closing. Economic Thought Conference p.22 Whatever the reason for the persistent gap may be, it cannot be that women have come late to the economics party. Ian Preston’s article shows that a number of women were very active in the founding of the British Economic Association, Comment the forerunner of the Royal Economic Society. The history Taxation, socialism and social justice p.23 theme is continued with Richard van den Berg’s account of the founding of the History of Economic Thought Conference.
    [Show full text]
  • Curriculum Vitae Professor HUW DAVID DIXON MA, M.Phil, D.Phil
    20/03/13 Huw Dixon: CV. Curriculum vitae Professor HUW DAVID DIXON MA, M.Phil, D.Phil (Oxon) Address: Cardiff Business School, Aberconwy Building, Cardiff CF10 3EU Email: [email protected] Current Post: Professor of Economics, Cardiff University (since 2006). History: Schools: 1970-71 Leeds Grammar 1971-74 Grimsby Wintringham G.S. 1974-77 Lawnswood School (Comprehensive) First degree: 1977-1980 Balliol College, University of Oxford. B.A., P.P.E (Phil/Econ) First class. Further degrees: 1980-1983 Studentship, Nuffield College, University of Oxford. (SSRC Funded). 1982 M.phil in economics. 1984 D.Phil, "Approximate Bertrand Equilibria in a Replicated Industry". Supervisor: Professor Sir James Mirrlees F.B.A. Prizes: College: Brackenbury Open scholarship (1977), Thomas Balogh Prize in Political Economy (1978) (for essay "A Critique of Profit Maximisation in Economic Theory"). Jenkyns Prize for Mock Schools (1980). University George Webb Medley Essay Prize (1978) ("The Role of Information in Economic Theory"). Others: P.W.S Andrews Memorial Essay Prize (1986). Awarded jointly by Lancaster University and the Journal of Industrial Economics for my paper "Strategic Investment and Consistent Conjectures". R.V.Tress Prize (1987). Awarded by Birkbeck College for best research by lecturer within three years of attaining tenure. Academic Posts: 1 20/03/13 Huw Dixon: CV. 1983-1984 Temporary Lecturer, Hertford College, Oxford. 1984-1987 Lectureship in economics, Birkbeck College, London. 1987-1991 Readership, Essex University. 1991-1992 Professor, University College Swansea, University of Wales. 1992- 2006 Professor, York University. 2006 - Professor, Cardiff Business School. Other Distinctions 1991-2001 Fellow, Centre for Economic Policy Research (U.K.) 1996-2001 Member, Council of Royal Economic Society.
    [Show full text]
  • Notes and Further Reading
    Notes and Further Reading The literature on the topics covered in this book and that which I consulted during the research for it is voluminous and, in the case of topics in modern economics, often quite technical. The references provided here include the relevant primary sources and important secondary sources, with the latter selected with a general audience in mind. General Reading The History of Economic Thought: A ———. “Pythagorean Mathematical Idealism Backhouse, Roger E. The Ordinary Business Reader, 2nd ed. London: Routledge, 2013. and the Framing of Economic and Political of Life. Princeton, NJ: Princeton University Theory.” Advances in Mathematical Press, 2002. (Outside the U.S., this book There are also several online sources that Economics, vol. 13: 177–199. Berlin: is available as The Penguin History of allow one to access many of the writings Springer, 2010. Economics.) noted in this book—and a wealth of others c. 380 bce, Plato, Aristotle, and the Backhouse, Roger E., and Keith Tribe. The beyond that: Golden Mean History of Economics: A Course for Students The Online Library of Liberty: Aristotle. c. 335 bce. Politics, 2nd ed. Trans. and Teachers. Newcastle Upon Tyne: oll.libertyfund.org Carnes Lord. Chicago: University of Agenda Publishing, 2017. The McMaster University Archive for Chicago Press, 2013. Blaug, Mark. Economic Theory in Retrospect, the History of Economic Thought: ———. c. 340 bce. Nicomachean Ethics. 5th ed. Cambridge: Cambridge University socialsciences.mcmaster.ca/econ/ Trans. Robert C. Bartlett and Susan D. Press, 1996. ugcm/3ll3/ Collins. Chicago: University of Chicago Heilbroner, Robert L. The Worldly JSTOR: jstor.org. Press, 2012.
    [Show full text]
  • Royal Economic Society
    Royal Economic Society Issue no. 179 Newsletter October 2017 Changes at the Society Correspondence Over the last year, there have been many changes in the organisation and management of the Society, Letter from America — beginning with the setting-up of a permanent adminis- Counting our losses p.3 trative office, through the appointment of a Chief Executive, Operations and Events Managers and their assistants. In September the Society’s Executive Features Committee held an awayday to begin the process of reviewing the Society’s strategy and plans for the Taking the Society forward p. 5 future. Readers will be interested in the brief summary Great Britain's June 2017 preferences on Brexit of these discussions provided by the Chief Executive. options p. 6 Needless to say, Brexit remains a major preoccupa- MMF Annual Conference — Report p. 9 tion. Thomas Colignatus provides more evidence (if such were needed) that the referendum as it was con- Improving economic information for free-trade ducted in June last year provides anything but a agreements p. 12 coherent message as to voters’ preferences. Andy Brexit and the City p. 15 Mullineux describes the deliberations of a sympo- sium in Paris on the likely effect of Brexit on the City British Science Association (BSA) Festival of Science and we must all regret the way in which the BBC p. 17 has, once again, treated an eccentric and minority The BBC — at it again? p. 19 view as though it deserved equal status with the over- whelming consensus amongst economists on Impacts of Trump Tax Reforms on Growth, Brexit’s likely effects.
    [Show full text]
  • RES Newsletter January 2021.Pdf
    Newsletter Issue no. 192 January 2021 Happy New Year Is it? It’s certainly not what we hoped for. There are some positive signs but they rely heavily on vaccines and govern- Correspondence ment competence in delivering them. The development of vaccines so quickly has been a remarkable achievement — Letter from France — worthy of celebrating when the opportunity arises. But what When will they ever learn? p.3 price government competence? Not much if we follow Alan Kirman’s view of events. Features Back in October, a survey of new economics undergraduates by the Economics Network reminded us that ‘inequality’ was The Public’s Understanding still seen as the principle economic problem. It dominated the work of the late Tony Atkinson and Sir Angus Deaton has of Economic Statistics p.6 recently warned of dire consequences if nothing is done to The IFS Deaton Review of Inequalities p.8 halt widening divisions in society. Their views find expression Publish (and be saved?) p. 11 in two of our features — the IFS Deaton Review of Inequalities by Robert Joyce and Brian Nolan’s article on the Society of Professional Economists Intergenerational Transmission of Wealth and, to a lesser Salaries Report 2020 p.13 degree in arguments over income tax reform. The first of these Rediscovering the history also stresses the dramatic and wide-reaching contribution to of economic thought p.16 inequality that is being made by the covid pandemic as we discover that while we may all be in the same storm we most The Case for Income Tax Reform assuredly not all in the same boat.
    [Show full text]
  • The Society's Newsletter
    Royal Economic Society Issue no. 174 Newsletter July 2016 The conference issue Before we turn to more recent matters, let’s note that Correspondence this is the conference issue, the issue in which we publish a report of the Society’s Annual Conference. Letter from Germany p.3 This heroic task was taken on this year by Ferdinando Giugliano. The excellent results can be read starting on page nine. Features But there have, of course, been other events too, some of them foreshadowed at the Conference on which Europe after Brexit p.5 Ferdinando reports. This included a plenary session at Conference Report p.9 which the presenters were in broad agreement that the UK’s exit from the EU would involve substantial The public trusts academic economists but the media costs and a show of hands that showed overwhelming are losing interest p.13 support for this view from the audience. We all know the result and there are interesting issues for econo- Reforming the Society’s constitution p.15 mists to ponder, in addition to the outcome itself. This includes the unwillingness of the media to report the The productivity fallacy p.16 widespread consensus amongst academic economists Exploring economics at University College London p.20 and the denigration of ‘experts’ by a man who, until recently, had been Secretary of State for Education! Simon Wren-Lewis reflects on the declining status of academic economists in media circles and offers Obituaries some explanations. By chance, an economist who was at the forefront of Maurice Peston p.22 macro-policy debates in an era when academic econ- omists were frequently called upon by radio and tele- vision to elucidate for listeners, died in April.
    [Show full text]
  • The Paradox of Competition: Power, Markets, and Money - Who Gets What, When, How?
    Yale University EliScholar – A Digital Platform for Scholarly Publishing at Yale Cowles Foundation Discussion Papers Cowles Foundation 1-1-2018 The Paradox of Competition: Power, Markets, and Money - Who Gets What, When, How? Martin Shubik Follow this and additional works at: https://elischolar.library.yale.edu/cowles-discussion-paper-series Part of the Economics Commons Recommended Citation Shubik, Martin, "The Paradox of Competition: Power, Markets, and Money - Who Gets What, When, How?" (2018). Cowles Foundation Discussion Papers. 157. https://elischolar.library.yale.edu/cowles-discussion-paper-series/157 This Discussion Paper is brought to you for free and open access by the Cowles Foundation at EliScholar – A Digital Platform for Scholarly Publishing at Yale. It has been accepted for inclusion in Cowles Foundation Discussion Papers by an authorized administrator of EliScholar – A Digital Platform for Scholarly Publishing at Yale. For more information, please contact [email protected]. THE PARADOX OF COMPETITION: POWER, MARKETS AND MONEY WHO GETS WHAT, WHEN, HOW? By Martin Shubik January 2018 Revised March 2018 COWLES FOUNDATION DISCUSSION PAPER NO. 2118R COWLES FOUNDATION FOR RESEARCH IN ECONOMICS YALE UNIVERSITY Box 208281 New Haven, Connecticut 06520-8281 http://cowles.yale.edu/ THE PARADOX OF COMPETITION: POWER, MARKETS AND MONEY Who Gets What, When, How? Martin Shubik 12/11/2017 © Copyright Martin Shubik, 2017 1 Contents Preface Acknowledgments PART 1: THE EMERGENCE OF POLITICAL AND FINANCIAL CONTROL 1 The Emergence of Civilization
    [Show full text]
  • MODES for Windows Print
    Marshall Library of Economics James Bonar Papers Identity code Bonar Papers Description level 1 Content Summary The collection has been re-catalogued onto Modesplus following the organisation into sections by an unidentified cataloguer sometime after 1976. The five letters from Foxwell to Bonar which make up section 1 were sent by Bonar to J.M. Keynes in 1938. He presumably presented them to the Marshall Library at a later date. The means of acquisition of the remainder of the collection is unknown. Section 5 was added in August 1998, having been previously uncatalogued and stored in the reception area of the Library. Summary Section 1 - correspondence re British Economic Association, later Royal Economic Society. Section 2 - papers relating to Indian Civil Service examinations in economics, correspondence with J.N. Keynes, ICS publications. Section 3 - correspondence and papers re syllabus and funding of economics teaching at London University, fund for advanced university education and research at University College London. Section 4 - British Institute of International Affairs membership papers and press cutting concerning import of newsprint paper. Section 5 - translation of Chapter IV onwards of Knapp's "Staatliche Theorie des Geldes" annotated by Bonar for publication. Summary BIOGRAPHY James Bonar was born in Collace, Perthshire, Scotland on 27th September 1852. He was the son of Rev. Dr Andrew A Bonar and his wife Isabella (nee Dickson) of Edinburgh. He studied at Glasgow University and Balliol College Oxford. He began lecturing on Economics in East London in 1877 as a pioneer of the University Extension Movement, founding an Adam Smith discussion club. Summary Bonar joined the Civil Service in 1881 as a Junior Examiner in the Civil Service Commission.
    [Show full text]
  • Royal Economic Society
    Royal Economic Society Issue no. 168 Newsletter January 2015 The New Year issue Readers will be familiar with the old adage that the Correspondence performance of national economies is linked, inversely, to the number of professionally trained Letter from France p.3 economists it produces. Alan Kirman’s latest ‘Letter from France’ gives this old joke a new twist by pointing out that there may be a similar relationship Features between performance and the quality of its econo- mists. If its economy has been dismal over the last Economic Journal - annual report p.5 two years, French economics can pride itself on the Econometrics Journal - annual report p.11 achievements of Thomas Piketty, Jean Tirole and Money, macro, finance research group — others. 2014 annual conference p.15 In addition to our regular January items: editors’ Economics as a pluralist, liberal education p.16 reports, Society news, conference diary, we have an interesting article from Kathy Crocker, reflecting on Kathy Crocker retires p.21 an extraordinary career of 34 years, working for the RES. In that time, she has worked in most areas of the Society’s administration. She retires, finally, in Obituaries the role of membership secretary. We all wish her well. She will be sadly missed (and nowhere more George Zis p.23 than in the office of this Newsletter). Derek Robinson p.24 The other major item in this issue sets out the views of the ‘Post-Crash Economics Society’ on desirable aspects of curriculum reform. This is the third of the RES News p. 25 major contributions that we promised on this theme: the INET-CORE project and the proposals from the Association of Heterodox Economists appeared in earlier issues.
    [Show full text]