DOCSLIB.ORG

The Wages Fund Doctrine: a Lakatosian Analysis

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Wages Fund Doctrine: a Lakatosian Analysis Open Research Online The Open University’s repository of research publications and other research outputs The wages fund doctrine: a Lakatosian analysis Thesis How to cite: Vint, John (1992). The wages fund doctrine: a Lakatosian analysis. PhD thesis The Open University. For guidance on citations see FAQs. c 1991 The Author https://creativecommons.org/licenses/by-nc-nd/4.0/ Version: Version of Record Link(s) to article on publisher’s website: http://dx.doi.org/doi:10.21954/ou.ro.0000fda8 Copyright and Moral Rights for the articles on this site are retained by the individual authors and/or other copyright owners. For more information on Open Research Online’s data policy on reuse of materials please consult the policies page. oro.open.ac.uk THE WAGES FUND DOCTRINE: A LAKATOSIAN ANALYSIS by John Vint BA Hons MA Thesis submitted to The Open University for the degree of Doctor of Philosophy in Economics December 1991 o ^ ml&s liPfx I 2- 3 he.c.e^^^-r' I I ProQ uest Number: C401320 All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is dependent on the quality of the copy submitted. in the unlikely event that the author did not send a complete manuscript and there are missing pages, these will be noted. Also, if material had to be removed, a note will indicate the deletion. uest ProQuest C401320 Published by ProQuest LLC (2019). Copyright of the Dissertation is held by the Author. Ail Rights Reserved. This work is protected against unauthorized copying under Title 17, United States Code Microform Edition © ProQuest LLC. ProQuest LLC 789 East Eisenhower Parkway P.O. Box 1346 Ann Arbor, Ml 48106 - 1346 In a general combination of labourers to obtain higher wages, success Is Impossible^ because the capital out of which the Increased wages are to be drawn does not exist. In a partial combination no such Impossibility presents Itself, since the Increased wages secured for some merely absorbs a larger share of the capital, leaving less to be distributed among others. William Ellis, Lessons on the Phenomena of Industrial Life and the Conditions of Industrial Success 1854 The doctrine hitherto taught by all or most economists (Including myself), which denied It to be possible that trade combinations can raise wages, or which limited their operation In that respect to the somewhat Q9.rller attainment of a rise which the competition of the market would have produced without them, — this doctrine Is deprived of Its scientific foundation, and must be thrown aside. The right and wrong of the Proceedings of Trades' Unions becomes a common guestlon of prudence and social duty, not one which Is peremptorily decided by unbending necessities of political economy, John Stuart Mill, "Thornton on Labour and Its claims". Fortnightly Review, 1869 THE WAGES FUND DOCTRINE; A IiAKATOSIAN ANALYSIS ABSTRACT For almost a century the wages fund doctrine existed as an important part of Classical economic thought. It formed the theoretical basis of the Classical analysis of the labour market, and was employed by political economists and popularizers of political economy when discussing the role of trades unions, the impact of machinery, the effect of the Poor Laws and other policy issues. This thesis applies the ideas of Imre Lakatos to the history of the wages fund doctrine in order to analyze and appraise its development and decline. The theoretical framework employed is based on Lakatos' methodology of scientific research programmes and the methodology of historiographical research programmes. Various elements of this framework are then applied to the history of the wages fund doctrine. It is argued that the hard core of the wages fund research programme emerged gradually in the work of the early Classical writers and was fully formed by the 1820s. A major counterexample to the programme — the 'monster' of money wages — is analyzed using the concepts developed by Lakatos in his Proofs and Refutations [1976]. It is argued that the programme made theoretical progress at the hands of Ricardo, Senior and Mill but that this progress halted in the 1850s. The 1860s saw a major debate concerning the wages fund doctrine prompted the events of that decade, and this debate is analyzed in detail using the tools and concepts of the Lakatosian framework. The thesis rationally reconstructs the wages fund doctrine and the recantataion debate as 'scientific' and provides evidence that the methodology of historiographical research programmes continues to make theoretical progress. I would like to thank my supervisor Dr Vivienne Brown of the Faculty of Social Science at The Open University for all the critical advice, help and encouragement which she gave me in preparing this thesis. John Vint March 1992 Material contained in or relevant to the thesis previously published or presented at conferences: Vint J (1981) "A Two Sector Model of the Wages Fund: Mill's Recantation Revisited", British Review of Economic Issues, vol 3 No 9, Autumn. Contains arguments discussed in chapters four and seven. Vint J (1986) "Research Programmes and the classical Theory of Wages: A Case Study", presented to the Historv of Economics Societv Conference. Columbia University, New York. Contains material relevant to chapters one, two, three, four and five. Vint J (1990) "The 'Rigid' Wages Fund Doctrine: McCulloch, Mill and the 'Monster of Money", in w J Barber (ed) Perspectives in the Historv of Economic Thought. Edward Elgar, London. Contains material relevant to chapters four and seven. Vint J (1990) "Thornton and Mill on the supply and Demand of Commodities: a Lakatosian View", paper presented to the First Congress of the International Societv for the Intercommunication of Novel Ideas, University of Paris, Sorbonne, August. Vint J (1992) "Thornton and Mill on the supply and Demand of Commodities : a Lakatosian View", International Journal of New Ideas, vol I, forthcoming. Contains arguments and analysis presented in chapter six. THE WAGES FUND DOCTRINE: A LAKATOSIAN ANALYSIS CONTENTS page CH 1 Introduction: The Wages Fund Doctrine, Milles Recantation and the Historv of Economic Thought I CH 2 The Methodoloov of Scientific Research Programmes and Rational Reconstruction I Introduction 9 II MSRP: The Elements of the Framework 13 III Counterexamples and Theoretical Change 16 IV Progressive and Degenerative Problemshifts 22 V Rational Reconstruction and the History of Science: MSRP and MHRP (a) Rational Reconstruction and MHRP 29 (b) Internal and External History 31 (c) Appraisal and Advice 35 VI Conclusions: MSRP and Historical Analysis 38 CH 3 Classical Wage theory and the Emergence of the Hard Core; Smith, Malthus, Ricardo and Janifag Mill ” I Introduction 42 II The Wages Fund Doctrine as a Research Programme 4 3 III The Hard Core of the Wages Fund Research Programme 4 9 IV Elements of the Hard Core: Smithy Ricardo and James Mill: 57 (a) Adam Smith 5g (b) David Ricardo 67 (c) James Mill 76 V The Wages Fund Doctrine and Population Theory: the Malthusian Legacy 79 (a) Population Theory and Long Run Wage Theory 79 (b) Population Theory and the Short Run Wages Fund Doctrine 85 VI Conclusions 9 5 page CH 4 The Development of the Hard Core; Rigidity, Dichotomy and Criticism I Introduction 98 II Developing the Hard Core: McCulloch and Marcet 101 III Malthus, McCulloch and the 'Monster' of Money 207 IV The Hard Core at Work: McCulloch, Torrens and Mill 215 (a) Money Funds and Real Funds 115 (b) Wage Theory and the Trades Unions 123 (c) Torrens and Mill on the Long Run 136 V Wage Theory, Early Critics and Ricardian Socialists 244 VI Conclusions 257 CH 5 Theoretical Progress and Novel Facts; Ricardo Senior and Mill I Introduction 261 II The Nature of Novel Facts i64 m Classical Wage Theory, Novel Facts and Progress 269 1 The Wages Fund Doctrine: Short Run and Two Period Analyses i69 2 The Long Run Theory 214 IV Conclusions 222 CH 6 The Wages Fund Debate I; Longe, Thornton and Mill on Supply and Demand I Introduction 225 II Fawcett, Mill and Trade Union Developments in the 1860s 230 III Thornton and Mill on the Supply and Demand of Commodities 241 (a) The Thornton-Mill Debate 244 (b) The Fish Auction I Example: Coincidental Schedules and Implications for Mill's Recantation 247 (c) The Fish Auction II, Horse and Glove Examples; the Critique of Equilibrium and Mill's Defence 251 (d) Thornton as a Disequilibrium Theorist 257 IV Longe, Thornton and Mill on Labour Supply and Demand and the Wages Fund Doctrine 260 V Conclusions 268 CH 7 The Wages Fund Debate II; Refutation and Recantation I Introduction 272 II Wages From Capital 276 III The Nature of Labour Demand 281 IV The Money Fund, The Real Fund and Price Effects 297 V Restatement and Rebuttal 304 VI Conclusions 322 page CH 8 Conclusions I Introduction 321 II The History of the Wages Fund Doctrine Rationally Reconstructed 322 (a) The Development of the Hard Core 323 (b) The Rigid Wages Fund Doctrine: A Content Decreasing Response to a Counterexample 324 (c) Theoretical Progress and Decline 326 (d) The Recantation Debate Rationally Reconstructed 328 III The Role of External History 330 IV The Wages Fund Doctrine as a Historical Novel Fact 331 References 334 I.* Introduction 1 CHAPTER ONE INTRODUCTION: THE WAGES FUND DOCTRINE, MILL'S RECANTATION AND THE HISTORY OF ECONOMIC THOUGHT In 1867 W T Thornton wrote an article for the Fortnightly Review which began by quoting Proudhon's famous declaration, 'la propriété c'est le vol'[1867, p477], Thornton's piece was entitled "Stray Chapters From a Forthcoming Work On Labour" and in it he explored the wide question of a man's right to live by labour. In the book itself On Labour which appeared in 1869 Thornton presented a critique of supply and demand analysis, an appraisal of the union movement and a discussion of the future of 'labour and capital in alliance' which, he argued, lay in the development of industrial partnership and the cooperative movement.
Load more

Recommended publications
  • The Right to the Whole Produce of Labour
    1RNIA SAN DIEGO THE EIGHT TO THE WHOLE PRODUCE OF LABOUR THE EIGHT TO THE WHOLE PBODUCE OF LABOUK THE ORIGIN AND DEVELOPMENT OF THE THEORY OF LABOUR'S CLAIM TO THE WHOLE PRODUCT OF INDUSTRY BY DK. ANTON MENGEK PROFESSOR OF JURISPRUDENCE IN THE UNIVERSITY OF VIENNA TRANSLATED BY M. E. TANNER WITH AN INTRODUCTION AND BIBLIOGRAPHY BY H. S. FOXWELL, M.A. PROFESSOR OF ECONOMICS AT UNIVERSITY COLLEGE, LONDON ; LECTURER AND LATE FELLOW OF ST. JOHN'S COLLEGE, CAMBRIDGE Hontion MACMILLAN AND CO., LIMITED NEW YORK: THE MACMILLAN COMPANY 1899 A II rights reserved INTRODUCTION DR. ANTON MENGER'S remarkable study of the cardinal Dr doctrine of revolutionary socialism, now for the first W time published in English, has long enjoyed a wide reputation on the Continent; and English students of social philosophy, whether or not they are familiar with the original, will welcome its appearance in this trans- lation. The interest and importance of the subject will not be disputed, either by the opponents or the advocates of socialism ; and those who know how exceptionally Dr. Menger is qualified for work of this kind, by his juristic eminence, and his profound know- ledge of socialistic literature, will not need to be told that it has been executed with singular vigour and ability. Hitherto, perhaps because it was not generally accessible to English readers, the book has not received in this country the notice that it has met with elsewhere. Yet there are reasons why it should be of peculiar interest to English economists. The particular method of criticism adopted by Dr.
    [Show full text]
  • Downloaded from Elgar Online at 09/26/2021 10:10:51PM Via Free Access
    JOBNAME: EE3 Hodgson PAGE: 2 SESS: 3 OUTPUT: Thu Jun 27 12:00:07 2019 1. What does socialism mean? Under capitalism, man exploits his fellow man. Under socialism it is precisely the opposite. Eastern European joke from the Communist era1 The word socialism is modern, but the impulse behind it is ancient. The idea of holding property in common goes back to Ancient Greece and is found in the Bible.2 It has been harboured by some religions and it has been the call of radicals for centuries. In his 1516 book Utopia, Sir Thomas More imagined a system where everything was held in common ownership and internal trade was abolished. Unlike most other proposals for common ownership before the 1840s, More’s Utopia envisioned cities of between 60 000 and 100 000 adults. It is the first known proposal for what I call big socialism. Before the rise of Marxism, the predominant vision of common ownership was small-scale, rural and agricultural. It was often motivated by religious doctrine. In Germany in the 1520s the radical Protestant Thomas Müntzer proposed a Christian communism. From 1649 to 1650, during the English Civil War, the Diggers set up religious communes whose members worked together on the soil and shared its produce. There are other examples of socialism before the word was coined.3 This chapter is about the origins, meaning and evolution of the words socialism and communism. They are virtual synonyms, both largely referring to common ownership of the means of production and to the abolition of private property.
    [Show full text]
  • Socialism: a Historical Sketch
    University of Central Florida STARS PRISM: Political & Rights Issues & Social Movements 1-1-1916 Socialism: A historical sketch William J. Ghent Find similar works at: https://stars.library.ucf.edu/prism University of Central Florida Libraries http://library.ucf.edu This Book is brought to you for free and open access by STARS. It has been accepted for inclusion in PRISM: Political & Rights Issues & Social Movements by an authorized administrator of STARS. For more information, please contact [email protected]. Recommended Citation Ghent, William J., "Socialism: A historical sketch" (1916). PRISM: Political & Rights Issues & Social Movements. 218. https://stars.library.ucf.edu/prism/218 APPEAL SOCIALIST CLASSICS EDITED BY W. J. GHENT No. a Socialism: A Historical Sketch Copyright, 1916, by Appeal to Reason APPEAL TO REASON Cirnrd, Kansa THE SERIES The pamphlets in this series are composed, in the main, of selections from the publlshed work of Socialist writers, mostly of the present day. In some of them, particularly "Socialist Documents" and "Socialism and Government," the writings used are mainly of collective, rather than individual autborship; whlle the EUstorical Sketch is the composition of the editor. To the selections given, the editor has added explanatvry and connecting paragraphs weldin~ the fragments into a co­ herent whole. Too aim is the ma mg together in conci e and systematic form, of what has been most clearly and pertinently said, either by individual Socialist writers or by committees speaking Ior the party as a whole, on al1 of the main phases of Socialism. In their finished form bey might, with some appropriate­ ness, be termed mosaics: each pamphlet is an arrangement of parts from many sources according to a unitary design.
    [Show full text]
  • The Discreet Charm of the Petty Bourgeoisie: Marx, Proudhon, and the Critique of Political Economy
    The Discreet Charm of the Petty Bourgeoisie: Marx, Proudhon, and the Critique of Political Economy by Ryan Breeden B.A., Simon Fraser University, 2018 Associate of Arts, Douglas College, 2016 Thesis SuBmitted in Partial Fulfillment of the Requirements for the Degree of Master of Arts in the Department of History Faculty of Arts and Social Sciences © Ryan Breeden 2020 SIMON FRASER UNIVERSITY Fall 2020 Copyright in this work rests with the author. Please ensure that any reproduction or re-use is done in accordance with the relevant national copyright legislation. Declaration of Committee Name: Ryan Breeden Degree: Master of Arts Thesis title: The Discreet Charm of the Petty Bourgeoisie: Marx, Proudhon, and the Critique of Political Economy Committee: Chair: Thomas Kuehn Associate Professor, History Mark Leier Supervisor Professor, History Roxanne Panchasi Committee Member Associate Professor, History Stephen Collis Examiner Professor, English ii Abstract This thesis examines Marx and Engels’s concept of the petty Bourgeoisie and its application to the French socialist Pierre-Joseph Proudhon. Rather than treating the concept as purely derogatory, I show that for Marx and Engels, the petty bourgeoisie was crucial in their Broader critique of political economy By emBodying the contradiction between capital and labour. Because of their structural position between the bourgeoisie and the proletariat, the petty bourgeoisie are economically, politically, and socially pulled in two separate directions––identifying with either the owners of property, with propertyless workers, or with both simultaneously. This analysis is then extended by investigating Marx’s critique of Pierre-Joseph Proudhon. I argue that for Marx, Proudhon was not wrong Because he was a memBer of the petty Bourgeoisie.
    [Show full text]
  • Alternative York
    Within these pages you’ll find the story of the York “they” don’t want to tell you about. Music, poets, : football and beer along with fights RK for women’s rights and Gay YO Liberation – just the story of AWALK another Friday night in York in fact! ONTHEWILDSIDE tales of riot, rebellion and revolution Paul Furness In association with the York Alternative History Group 23 22 24 ate ierg 20 Coll 21 e at 25 rg The Minster te Pe w 19 Lo 13 12 et 18 Stre 14 Blake y 17 one 15 C t ree 16 St St at R io o n ad York: The route oss r F ive lly R 3 t di e a 2 e cc r Pi t 5 S Clifford’s 4 r e w Tower o 1 T 26 Finish Start e t a g e s u O h g i H 11 6 e gat River Ouse lder Ske 7 e t a r g io l en e ill S k oph c h i Bis M 8 10 9 Contents Different Cities, Different Stories 4 Stops on the walk: 1 A bloody, oppressive history… 6 2 Marching against ‘Yorkshire Slavery’ 9 3 Yorkshire’s Guantanamo 10 4 Scotland, the Luddites and Peterloo 12 5 The judicial murder of General Ludd 14 6 “Shoe Jews” and the Mystery Plays 16 7 Whatever happened to Moby Dick? 18 8 Sex and the City 19 9 The Feminist Fashionista! 21 10 The York Virtuosi 23 11 Gay’s the Word! 24 12 Poets Corner 27 13 Votes for Women! 29 14 Where there’s muck… 30 15 Doctor Slop and George Stubbs 32 16 Hey Hey Red Rhino! 33 17 It’s not all Baroque and Early Music! 35 18 A Clash of Arms 36 19 An Irish Poet and the Yorkshire Miners 37 20 Racism treads the boards 38 21 Lesbian wedding bells! 40 22 The World Turned Upside Down 43 23 William Baines and the Silent Screen 45 24 Chartism, football and beer…
    [Show full text]
  • Land Reform, Labor, and the Evolution of Antislavery Politics, 1790–1860
    City University of New York (CUNY) CUNY Academic Works All Dissertations, Theses, and Capstone Projects Dissertations, Theses, and Capstone Projects 2-2017 A Reformers' Union: Land Reform, Labor, and the Evolution of Antislavery Politics, 1790–1860 Sean G. Griffin The Graduate Center, City University of New York How does access to this work benefit ou?y Let us know! More information about this work at: https://academicworks.cuny.edu/gc_etds/1883 Discover additional works at: https://academicworks.cuny.edu This work is made publicly available by the City University of New York (CUNY). Contact: [email protected] A REFORMER’S UNION: LAND REFORM, LABOR, AND THE EVOLUTION OF ANTISLAVERY POLITICS, 1790–1860 by SEAN GRIFFIN A dissertation submitted to the Graduate Faculty in History in partial fulfillment of the requirements for the degree of Doctor of Philosophy, The City University of New York 2017 © 2017 SEAN GRIFFIN All Rights Reserved ii A Reformers’ Union: Land Reform, Labor, and the Evolution of Antislavery Politics, 1790–1860 by Sean Griffin This manuscript has been read and accepted for the Graduate Faculty in History in satisfaction of the dissertation requirement for the degree of Doctor of Philosophy. ___12/9/2016______ __James Oakes________________________ Date Chair of Examining Committee ___12/9/2016______ __Helena Rosenblatt_____________________ Date Executive Officer Supervisory Committee: Joshua Brown David Waldstreicher Manisha Sinha THE CITY UNIVERSITY OF NEW YORK iii ABSTRACT A Reformers’ Union: Land Reform, Labor, and the Evolution of Antislavery Politics, 1790–1860 by Sean Griffin Adviser: James Oakes “A Reformers’ Union: Land Reform, Labor, and the Evolution of Antislavery Politics, 1790– 1860” offers a critical revision of the existing literature on both the early labor and antislavery movements by examining the ideologies and organizational approaches that labor reformers and abolitionists used to challenge both the expansion of slavery and the spread of market relationships.
    [Show full text]
  • Marx for the 21St Century
    Marx for the 21st Century This collection surveys current research on Marx and Marxism from a diverse range of perspectives. Marx is rescued from ‘orientalism’, evaluated as a socialist thinker, revisited as a theorist of capitalist development, heralded as a necessary ethical corrective to modern economics, linked to ecologism, and claimed as an inspiration to ‘civil society’ theorists. There are also major scholarly revisions to the ‘standard’ historical accounts of Marx’s work on the Com- munist Manifesto, his relationship to the contemporary theories of Louis Blanc and P.-J. Proudhon, and new information about how he and Engels worked together. Hiroshi Uchida researches and teaches at Senshu University, Tokyo, Japan. Routledge frontiers of political economy 1 Equilibrium Versus 7 Markets, Unemployment and Understanding Economic Policy Towards the rehumanization Essays in honour of of economics within social Geoff Harcourt, volume two theory Edited by Philip Arestis, Mark Addleson Gabriel Palma and Malcolm Sawyer 2 Evolution, Order and Complexity 8 Social Economy Edited by Elias L. Khalil and The logic of capitalist Kenneth E. Boulding development Clark Everling 3 Interactions in Political Economy 9 New Keynesian Economics/ Malvern after ten years Post Keynesian Alternatives Edited by Steven Pressman Edited by Roy J. Rotheim 10 The Representative Agent in 4 The End of Economics Macroeconomics Michael Perelman James E. Hartley 5 Probability in Economics 11 Borderlands of Economics Omar F. Hamouda and Essays in honour of Robin Rowley Daniel R. Fusfeld Edited by Nahid Aslanbeigui 6 Capital Controversy, Post and Young Back Choi Keynesian Economics and the History of Economics 12 Value, Distribution and Essays in honour of Geoff Capital Harcourt, volume one Essays in honour of Edited by Philip Arestis, Pierangelo Garegnani Gabriel Palma and Edited by Gary Mongiovi and Malcolm Sawyer Fabio Petri 13 The Economics of Science 21 Subjectivism and Economic Methodology and epistemology Analysis as if economics really mattered Essays in memory of James R.
    [Show full text]
  • Socialism: a Historical Sketch
    THE NEW APPEAL SOCIALIST CLASSICS EDITED BY W. 1. GHENT No. 3 Socialism: A Historical Sketch Single Pamphlets, 25 Cents The Set of 12, $2.00 THE NEW APPEAL SOCIALIST CLASSICS EDITED BY W. 1. CHENT No. 3 Socialism: A Historical Sketch Copyright, 1916, by The New Appeal THE NEW APPEAL Girard, Kansas THE SERIES The pamphlets in this series are composed, in the main, of selections from the published work of Socialist writers, mostly of the present day. In some of them, particularly “Socialist Documents” and “Socialism and Government,” the writings used are mainly of collective, rather than individual authorship; while the Historical Sketch is the composition of the editor. To the selections given, the editor has added explanatory and connecting paragraphs, welding the fragments into a co- herent whole. The aim is the massing together in concise and systematic form, of what has been most clearly and pertinently said, either b individual Socialist writers or by committees speaking for t E e party as a whole, on all of the main phases of Socialism. In their finished form they might, with some appropriate- ness, be termed mosaics: each pamphlet is an arrangement of parts from many sources according to a unitary design. Most of the separate pieces are, however, in the best sense classics: they are expressions of Socialist thought which, by general ap- proval, have won authoritative rank. A classic, according to James Russell Lowell, is of itself “something neither ancient nor modern”; even the most recent writing may be considered classic if, for the mood it depicts or the thought it frames, it unites matter and style into an expression of approved merit.
    [Show full text]
  • The Formation of Marx's Critique of Political Economy
    The Formation of Marx’s Critique of Political Economy: From the Studies of 1843 to the Grundrisse Marcello Musto Introduction Despite the predictions that consigned it to eternal oblivion, Marx’s work has returned to the historical stage in recent years and a number of his texts have reappeared on bookshop shelves in many parts of the world. The rediscovery of Marx is based on the explanatory capacity still present in his writings. Faced with a new and deep crisis of capit- alism, many are again looking to an author who in the past was often wrongly associated with the Soviet Union, and who was too hastily dismissed after 1989. This renewed political focus was preceded by a revival of historical studies of his work. After the waning of interest in the 1980s and the “conspiracy of silence” in the 1990s, new or republished editions of his work became available almost everywhere (except in Russia and Eastern Europe, where the disasters of “actually existing socialism” are still too recent for a Marx revival to be on the agenda), and these have produced important and innovative results in many of the fields in which they blossomed.1 1. Innovative overall interpretations of Marx’s thought include Moishe Poistone, Time, Labour and Social Domination, Cambridge: Cambridge University Press (CUP), 1993; Daniel Bensaid, Marx l’intempestif, Paris: Fayard, 1996; Terrell Carver, The Postmodern Marx, Manchester: Manchester University Press, 1998; and Michael A. Lebowitz, Beyond Capital, 2nd ed., London: Palgrave, 2003. See also David Leopold, The Young Karl Marx: German Philosophy, Modern Politics, and Human Flourishing, CUP, 2007, and Marcello Musto, ed., Karl Marx’s Grundrisse.
    [Show full text]
  • DAVID RICARDO John E
    Great Thinkers in Economics Series Series Editor: A.P. Thirlwall is Professor of Applied Economics, University of Kent, UK. Great Thinkers in Economics is designed to illuminate the economics of some of the great historical and contemporary economists by exploring the interactions between their lives and work, and the events surrounding them. The books are brief and written in a style that makes them not only of interest to professional economists but also intelligible for students of economics and the interested lay person. Titles include: Esben Sloth Anderson JOSEPH A. SCHUMPETER William J. Barber GUNNAR MYRDAL Paul Davidson JOHN MAYNARD KEYNES Gordon Fletcher DENNIS ROBERTSON Peter D. Groenewegen ALFRED MARSHALL G.C. Harcourt and Prue Kerr JOAN ROBINSON Gavin Kennedy ADAM SMITH John E. King DAVID RICARDO John E. King NICHOLAS KALDOR Julio Lopez and Michaël Assous MICHAL KALECKI Paul Mosley and Barbara Ingham SIR ARTHUR LEWIS Alessandro Roncaglia PIERO SRAFFA James Ronald Stanfield and Jacqueline Bloom Stanfield JOHN KENNETH GALBRAITH Michael Szenberg and Lall Ramrattan FRANCO MODIGLIANI Forthcoming titles include: Nahid Aslanbeigui and Guy Oakes ARTHUR C.PIGOU Robert Dimand JAMES TOBIN Albert Jolink JAN TINBERGEN Warren Young and Esteban Perez ROY HARROD Great Thinkers in Economics Series Standing Order ISBN 978–1–403–98555–2 (Hardback) 978–1–403–98556–9 (Paperback) (outside North America only) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and one of the ISBNs quoted above.
    [Show full text]
  • U DLB Records of the Dictionary of Labour Biography 1816-1999
    Hull History Centre: Records of the Dictionary of Labour Biography U DLB Records of the Dictionary of Labour Biography 1816-1999 Accession number: 1999/15 2010/23 2011/16 Historical Background: The origins of the Dictionary of Labour Biography lie in the work of G. D. H. Cole (1889-1959), the socialist historian and political thinker. Upon Cole's death, John Saville (1916-2009), then lecturer in the Department of Economics at the University of Hull, acquired numerous manuscript volumes from his widow Margaret Cole that came to form the skeleton of the Dictionary. Each of the many hundreds of names that were listed, from the 1790s until the present day, had a brief biographical account attached. Funding to develop a biographical dictionary was initially received from the International Institute of Social History, Amsterdam in 1961. As well as the modest grant received from the Institute, Hull University provided a full time research assistant for an initial period of three years. Dr. Joyce Bellamy (1921-2002), then senior research officer in the newly formed Department of Social and Economic History, was employed to work with Saville in what proved to be a major long-term collaboration. More permanent funding was eventually secured from the Social Science Research Council as well as generous donations from various organisations. As well as Bellamy, Saville employed the services of a wide range of researchers. Barbara Nield, Margaret 'Espinasse, Ann Holt and David Martin all worked as research assistants in Hull. The project was not confined to Hull however, and Vivien Morton and Marion Kozack (wives of historians AL Morton and Ralph Miliband respectively) were commissioned to check London-based sources.
    [Show full text]
  • Ricardian Socialists
    History of Political Economy 15:3 0 1983 by Duke University Press Utopian or scientific? A reconsideration of the Ricardian Socialists J. E. King Most accounts of the development of Marx’s economic ideas emphasise the dual contributions of classical political economy and Hegelian philos- ophy, the former providing a systematic body of economic theory and the latter supplying the dialectical weapons with which it could be criticised. I The early English radical economists, ‘known collectively (but inappro- priately) as the Ricardian Socialists, are generally dismissed as incoherent utopians, or ignored. This article suggests, on the contrary, that they con- stituted a third-important though very largely neglected-influence on Marx’s thought. I Esther Lowenthal’s classic book of 191 1, The Ricardian Socialists (Lowenthal 1972) restricted itself to just four men: John Francis Bray, John Gray, Thomas Hodgskin, and William Thompson. Lowenthal passed over the claims of a number of lesser figures, some of whom had featured in the earlier denunciation of the school by Anton Menger (1899) and H. S. Foxwell ( 1899). For the purposes of the present article it is useful to adopt a broader definition, which indeed might have been given by Marx himself had he been called upon to offer one. Accordingly, all those British (and Irish) writers are regarded as Ricardian Socialists who were hostile to capitalism, sympathetic to the working class, and sufficiently prominent in the debates of the 1820s or 1830s to have been noticed by Marx. This permits the addition to Lowenthal’s list of (at least) the pseudonymous Piercy Ravenstone (1966a, 1966b);* an anonymous pamphleteer of the Correspondence may be addressed to J.
    [Show full text]