HET Volume 31 Issue 2 Cover and Front Matter

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VOLUME 31 • ISSUE 2 • JUNE 2009 • ISSN 1053-8372 JOURN JOURNAL OF THE HISTORY OF AL OF THE HIST ECONOMIC THOUGHT VOLUME 31 • ISSUE 2 • JUNE 2009 OR Y OF ECONOMIC THOUGHT JOURNAL OF THE ◆ OLIVI TO HUTCHESON: TRACING AN EARLY TRADITION IN VALUE THEORY 131–141 Odd Langholm HISTORY OF ◆ THE PHILLIPS CURVE ANALYSIS: AN ILLUSTRATION OF THE CLASSICAL FORCED-SAVING DOCTRINE 143–160 James C. W. Ahiakpor ECONOMIC THOUGHT

◆ GRADUATE EDUCTION IN ECONOMICS: MICROECONOMICS PUBLISHED FOR THE HISTORY OF ECONOMICS SOCIETY AT CHICAGO AND YALE IN THE 1960s 161–180 John F. McDonald

◆ THE THEORY OF [COMPETITIVE] PRICE ACCORDING TO VOLUME 31 • ISSUE 2 JUNE 2009 GEORGE J. STIGLER 181–200 David R. Kamerschen and Deepa J. Sridhar

◆ WHY FRIEDMAN’S METHODOLOGY DID NOT GENERATE CONSENSUS AMONG ECONOMISTS 201–214 David Teira

◆ POSNER, ECONOMICS AND THE LAW: FROM “LAW AND ECONOMICS” TO AN ECONOMIC ANALYSIS OF LAW 215–232 Sophie Harnay and Alain Marciano

◆ BOOK REVIEWS 233–255

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Bruna Ingrao, Università di Roma “La Sapienza” Michael White, Monash University 7. Endnotes should be embedded in the article, and their numbers should be indicated Philippe Le Gall, Université d’Angers Amos Witztum, London Metropolitan University by superscripts in the text. All notes should be collected together and placed, double- Those wishing to submit manuscripts for publication in JHET should email the paper to jhet@historyofeconomics. spaced and beginning with a new page, at the end of the paper as endnotes. org. All manuscripts that pass an initial screening are refereed. Books for review may be addressed to: 8. Symbolic letters are italicized, whether in an equation or in the text. Numbers in H. Spencer Banzhaf equations and in symbolic terms in the text are not italicized, even if they are subscripts or Department of Economics Andrew Young School of Policy Studies superscripts. PO Box 3992, Georgia State University 9. 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An annual index and title-page are bound in the December issue. Annual subscription 11. The references should appear immediately after the text of the paper, and in the fol- rates for Volume 31 (2009): Institutional subscription rates, print and online: US $450.00 in the USA, Canada, and Mexico; UK £270.00 + VAT elsewhere. Institutional subscription rates, online only: US $425.00 lowing format: in the USA, Canada, and Mexico; UK £256.00 + VAT elsewhere. Institutional subscription rates, print only: US $435.00 in the USA, Canada, and Mexico; UK £265.00 + VAT elsewhere. Individual subscription rates, REFERENCES print only: US $169.00 in the USA, Canada, and Mexico; UK £99.00 + VAT elsewhere. Blaug, Mark. 1990. “On the Historiography of Economics.” Journal of the History of Abstract and Indexing Services: Journal of the History of Economic Thought is currently noted in IBZ, Economic Thought 12 (Spring): 27–37. IBSS, Economic Literature Database, EBSCO (Business Source Corporate, Business Source Elite, Business Source Premier, TOC Premier), OCLC ArticleFirst Database, OCLC FirstSearch Electronic Collections Mirowski, Philip. 1990. “Smooth Operator: How Marshall’s Demand and Supply Curves Made Online, ABC-CLIO (America: History and Life, Historical Abstracts) Econlit. Neoclassicism Safe for Public Consumption But Unfit for Science.” In Rita McWilliams All rights reserved. No part of this publication may be reproduced, in any form or by any means, elec- Tullberg, ed., Alfred Marshall in Retrospect. Aldershot: Edward Elgar, pp. 61–90. tronic, photocopying, or otherwise, without permission in writing from Cambridge University Press. General Smith, Adam. 1776. An Inquiry into the Nature and Causes of the Wealth of Nations. 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IP address: 170.106.40.219, on 25 Sep 2021 at 11:43:28, subject to the Cambridge Core terms of use, available at https://www.cambridge.org/core/terms. https://doi.org/10.1017/S1053837209990010Copyright © 2009 The History of Economics Society JOURNAL OF THE HISTORY OF ECONOMIC THOUGHT

Volume 31 Number 2 June 2009

Articles Olivi to Hutcheson: Tracing an Early Tradition in Value Theory Odd Langholm 131

The Phillips Curve Analysis: An Illustration of the Classical Forced-Saving Doctrine James C. W. Ahiakpor 143

Graduate Education in Economics: Microeconomics at Chicago and Yale in the 1960s John F. McDonald 161

The Theory of [Competitive] Price According to George J. Stigler David R. Kamerschen and Deepa J. Sridhar 181

Why Friedman’s Methodology did not Generate Consensus Among Economists David Teira 201

Posner, Economics and the Law: from “Law and Economics” to an Economic Analysis of Law Sophie Harnay and Alain Marciano 215

Book Reviews Denis P. O’Brien, History of Economic Thought as an Intellectual Discipline Roger Middleton 233

William J. Barber, Gunnar Myrdal: An Intellectual Biography Paul Davidson, John Maynard Keynes Michael Szenberg and Lall Ramrattan, Franco Modigliani: A Mind that Never Rests Roger Backhouse 236

James R. Hackney, Jr., Under Cover of Science: American Legal-Economic Theory and the Quest for Objectivity Ejan Mackaay 240

Downloaded from https://www.cambridge.org/core. IP address: 170.106.40.219, on 25 Sep 2021 at 11:43:28, subject to the Cambridge Core terms of use, available at https://www.cambridge.org/core/terms. https://doi.org/10.1017/S1053837209990010 Henry W. de Jong and William G. Shepherd, eds., Pioneers of Industrial Organization: How the Economics of Competition and Monopoly Took Shape John Howard Brown 243

Alberto Giacomin and Maria Cristina Marcuzzo, eds., Money and Markets: A Doctrinal Approach, Routledge Studies in the History of Economics Jérôme de Boyer des Roches 244

Rick Tilman, Thorstein Veblen and the Enrichment of Evolutionary Naturalism Geoffrey M. Hodgson 247

Bert Mosselmans, William Stanley Jevons and the Cutting Edge of Economics Margaret Schabas 250

Leonidas Montes and Eric Schliesser, eds., New Voices on Adam Smith Glenn Hueckel 251

OFFICERS 2008–09 President Elected Members Avi Cohen, York University Philippe Fontaine, E´cole normale President Elect supérieure de Cachan (2011) Universidad Adolfo Steven G. Medema, University of Leonidas Montes, Colorado Denver Ibáñez (2011) Robert Dimand, Brock University (2009) Vice President Maria Cristina Marcuzzo, Universita di Mauro Boianovsky, University of Brasilia Roma (2009) Treasurer Editors of JHET Neil Niman, University New Hampshire Marcel Boumans, University of Secretary Amsterdam Thomas Leonard, Princeton University Evelyn L. Forget, University of Manitoba Past Presidents Bradley W. Bateman, Denison University Manager of Electronic Information Sandra Peart, University of Richmond Humberto Barreto, Wabash College