Pub Date : 2020-09-01DOI: 10.1080/10370196.2020.1827759
John Hawkins
Abstract While Arthur Cecil Pigou has slipped from the ‘first eleven’ of economics, his ideas have never been more relevant. His most important work was The Economics of Welfare, published in 1920. The book was well reviewed in contemporary economic journals. It is not, by the author’s own admission, a light read. But it lives up to Pigou’s ideal of offering ‘instruments for the bettering of human life’. The most influential idea developed in it is the ‘externality’ which can be corrected by what was later termed a ‘Pigouvian tax’. Nicholas Stern, in his eponymous report on the diabolical economics of climate change, referred to Pigou’s writings and a carbon price is an example of a Pigouvian tax. Pigou foreshadowed some of the insights of behavioural and environmental economics, noting how excessive discounting of the future caused environmental degradation. Among other areas covered in this extensive book are business cycles and many policy issues such as taxation, monopolies and industrial relations. Pigou famously would tell his students ‘it’s all in Marshall’. For many aspects of economics, it could be said ‘it’s all in Pigou’. On its centenary, this is a book deserving of more recognition.
{"title":"One Hundred Years Ago. The Book That Inspired the Carbon Price: Pigou’s The Economics of Welfare","authors":"John Hawkins","doi":"10.1080/10370196.2020.1827759","DOIUrl":"https://doi.org/10.1080/10370196.2020.1827759","url":null,"abstract":"Abstract While Arthur Cecil Pigou has slipped from the ‘first eleven’ of economics, his ideas have never been more relevant. His most important work was The Economics of Welfare, published in 1920. The book was well reviewed in contemporary economic journals. It is not, by the author’s own admission, a light read. But it lives up to Pigou’s ideal of offering ‘instruments for the bettering of human life’. The most influential idea developed in it is the ‘externality’ which can be corrected by what was later termed a ‘Pigouvian tax’. Nicholas Stern, in his eponymous report on the diabolical economics of climate change, referred to Pigou’s writings and a carbon price is an example of a Pigouvian tax. Pigou foreshadowed some of the insights of behavioural and environmental economics, noting how excessive discounting of the future caused environmental degradation. Among other areas covered in this extensive book are business cycles and many policy issues such as taxation, monopolies and industrial relations. Pigou famously would tell his students ‘it’s all in Marshall’. For many aspects of economics, it could be said ‘it’s all in Pigou’. On its centenary, this is a book deserving of more recognition.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123308971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-08-27DOI: 10.1080/10370196.2020.1808310
Paul Oslington
{"title":"A Philosopher’s Economist: Hume and the Rise of Capitalism","authors":"Paul Oslington","doi":"10.1080/10370196.2020.1808310","DOIUrl":"https://doi.org/10.1080/10370196.2020.1808310","url":null,"abstract":"","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129278378","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-08-13DOI: 10.1080/10370196.2020.1794559
M. Donoghue
Abstract The East India Company emerged as the ultimate sovereign body in India in the second half of the eighteenth century. This development sparked intense interest in ‘Indian affairs’ among politicians, pamphleteers and political economists who commented variously upon the transformation of a private corporation into imperial ruler. Adam Smith opposed the East India Company’s territorial expansion in India, but refrained from recommending nationalization of the Company’s possessions. His attention was diverted towards the abolition of the Company’s special trading privileges that delivered it from competition in the East Indies trade. At the same time, Smith highlighted the ‘three duties of the sovereign’ that a joint-stock operation without an exclusive privilege could ‘very successfully’ perform, namely, defence, justice, and public works. The provision of ‘public works and public institutions’ that ‘facilitate commerce in general’ and promote long-term economic growth was consistent with the ‘perfect system of natural liberty and justice’, Smith avowed. The East India Company continued to discharge these responsibilities until the Indian territories were transferred in 1858 to the British crown.
{"title":"Adam Smith and the Honourable East India Company","authors":"M. Donoghue","doi":"10.1080/10370196.2020.1794559","DOIUrl":"https://doi.org/10.1080/10370196.2020.1794559","url":null,"abstract":"Abstract The East India Company emerged as the ultimate sovereign body in India in the second half of the eighteenth century. This development sparked intense interest in ‘Indian affairs’ among politicians, pamphleteers and political economists who commented variously upon the transformation of a private corporation into imperial ruler. Adam Smith opposed the East India Company’s territorial expansion in India, but refrained from recommending nationalization of the Company’s possessions. His attention was diverted towards the abolition of the Company’s special trading privileges that delivered it from competition in the East Indies trade. At the same time, Smith highlighted the ‘three duties of the sovereign’ that a joint-stock operation without an exclusive privilege could ‘very successfully’ perform, namely, defence, justice, and public works. The provision of ‘public works and public institutions’ that ‘facilitate commerce in general’ and promote long-term economic growth was consistent with the ‘perfect system of natural liberty and justice’, Smith avowed. The East India Company continued to discharge these responsibilities until the Indian territories were transferred in 1858 to the British crown.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"109 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131919039","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-08-12DOI: 10.1080/10370196.2020.1801958
V. M. Isidro Luna
In The Moral Economists, R.H. Tawney, Karl Polanyi, E.P. Thom p son, and the Critique of Capitalism, Tim Rogan critiques utilitarian principles. First, he distinguishes three: self-interested indiv...
{"title":"The Moral Economists, R.H. Tawney, Karl Polanyi, E.P. Thompson, and the Critique of Capitalism","authors":"V. M. Isidro Luna","doi":"10.1080/10370196.2020.1801958","DOIUrl":"https://doi.org/10.1080/10370196.2020.1801958","url":null,"abstract":"In The Moral Economists, R.H. Tawney, Karl Polanyi, E.P. Thom p son, and the Critique of Capitalism, Tim Rogan critiques utilitarian principles. First, he distinguishes three: self-interested indiv...","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134277776","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-08-11DOI: 10.1080/10370196.2020.1784649
James C. W. Ahiakpor
Abstract Steven Kates recently has been interpreting Say’s law of markets as equivalent to John Stuart Mill’s declaration in his fourth fundamental theorem respecting capital that ‘Demand for commodities is not demand for labour’. Kates’s interpretation distorts both Say’s own statement of the law of markets and the meaning of Mill’s fourth theorem. Roy Grieve correctly disputes Kates’s denial of Mill’s having employed the wages fund to illustrate the meaning of his controversial declaration. Citing some criticisms of the wages-fund doctrine, Grieve believes he has shown the error of Say’s Law. Both Grieve and Kates are mistaken in their principal arguments.
{"title":"Disputing the Correct Interpretation of Say’s Law: A Comment on Roy Grieve’s and Steven Kates’s Arguments","authors":"James C. W. Ahiakpor","doi":"10.1080/10370196.2020.1784649","DOIUrl":"https://doi.org/10.1080/10370196.2020.1784649","url":null,"abstract":"Abstract Steven Kates recently has been interpreting Say’s law of markets as equivalent to John Stuart Mill’s declaration in his fourth fundamental theorem respecting capital that ‘Demand for commodities is not demand for labour’. Kates’s interpretation distorts both Say’s own statement of the law of markets and the meaning of Mill’s fourth theorem. Roy Grieve correctly disputes Kates’s denial of Mill’s having employed the wages fund to illustrate the meaning of his controversial declaration. Citing some criticisms of the wages-fund doctrine, Grieve believes he has shown the error of Say’s Law. Both Grieve and Kates are mistaken in their principal arguments.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121907398","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-07-14DOI: 10.1080/10370196.2020.1784660
S. Kates
{"title":"A Note on My Missing Reply to Roy Grieve","authors":"S. Kates","doi":"10.1080/10370196.2020.1784660","DOIUrl":"https://doi.org/10.1080/10370196.2020.1784660","url":null,"abstract":"","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116836843","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-07-08DOI: 10.1080/10370196.2020.1777700
John Hawkins
Paul Tilley’s book is a ‘non-commissioned history’ of Treasury, the equivalent for an institution of an ‘unauthorized biography’ of an individual. It differs from the earlier history of Treasury by...
{"title":"Changing Fortunes: A History of the Australian Treasury","authors":"John Hawkins","doi":"10.1080/10370196.2020.1777700","DOIUrl":"https://doi.org/10.1080/10370196.2020.1777700","url":null,"abstract":"Paul Tilley’s book is a ‘non-commissioned history’ of Treasury, the equivalent for an institution of an ‘unauthorized biography’ of an individual. It differs from the earlier history of Treasury by...","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123005747","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-06-16DOI: 10.1080/10370196.2020.1773059
A. Millmow
{"title":"Ajit Singh of Cambridge and Chandigarh: An Intellectual Biography of the Radical Sikh Economist","authors":"A. Millmow","doi":"10.1080/10370196.2020.1773059","DOIUrl":"https://doi.org/10.1080/10370196.2020.1773059","url":null,"abstract":"","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133301694","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-03DOI: 10.1080/10370196.2020.1767930
M. Marcuzzo
Abstract This is an account of aspects of Richard Kahn’s life, activities and economic thinking, as told by him and assembled by Maria Cristina Marcuzzo, from extensive taped interviews with Kahn. The only form in which it has previously been published is as a 1988 Università di Modena discussion paper. In light of this inaccessibility, the Editors of the History of Economics Review welcomed the opportunity to make it readily available to interested intellectual communities, via publication in this journal. Topics covered by Kahn include his academic engagements (notably with J. M. Keynes), his service in government and international organisations, and his views on inflation, unemployment and the roles of monetary and fiscal policy.
{"title":"Richard F. Kahn: A Disciple of Keynes","authors":"M. Marcuzzo","doi":"10.1080/10370196.2020.1767930","DOIUrl":"https://doi.org/10.1080/10370196.2020.1767930","url":null,"abstract":"Abstract This is an account of aspects of Richard Kahn’s life, activities and economic thinking, as told by him and assembled by Maria Cristina Marcuzzo, from extensive taped interviews with Kahn. The only form in which it has previously been published is as a 1988 Università di Modena discussion paper. In light of this inaccessibility, the Editors of the History of Economics Review welcomed the opportunity to make it readily available to interested intellectual communities, via publication in this journal. Topics covered by Kahn include his academic engagements (notably with J. M. Keynes), his service in government and international organisations, and his views on inflation, unemployment and the roles of monetary and fiscal policy.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116754649","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：