Pub Date : 2023-09-23DOI: 10.1080/10370196.2023.2243741
Matthew Smith
This paper is a contribution to the ‘Symposium: Perspectives on Adam Smith’, held at the University of Sydney on 26 May 2023 to mark the Tercentenary of Adam Smith’s birth. The paper provides a concise account of Smith’s analysis of growth and economic development in the Wealth of Nations. It shows that whilst the driving force of growth in Smith’s analysis is saving-cum-investment out of the net income of society, critical to achieving his policy objective of ‘universal opulence’, requiring higher wages for ‘common labour’, is technical progress and higher labour productivity stemming from the division of labour. From the perspective of the demand-led theory of growth, the paper identifies key insights from Smith’s analysis for understanding economic development in modern history, the most important being his notion that the division of labour is ‘limited by the extent of the market’.
{"title":"Adam Smith on Growth and Economic Development","authors":"Matthew Smith","doi":"10.1080/10370196.2023.2243741","DOIUrl":"https://doi.org/10.1080/10370196.2023.2243741","url":null,"abstract":"This paper is a contribution to the ‘Symposium: Perspectives on Adam Smith’, held at the University of Sydney on 26 May 2023 to mark the Tercentenary of Adam Smith’s birth. The paper provides a concise account of Smith’s analysis of growth and economic development in the Wealth of Nations. It shows that whilst the driving force of growth in Smith’s analysis is saving-cum-investment out of the net income of society, critical to achieving his policy objective of ‘universal opulence’, requiring higher wages for ‘common labour’, is technical progress and higher labour productivity stemming from the division of labour. From the perspective of the demand-led theory of growth, the paper identifies key insights from Smith’s analysis for understanding economic development in modern history, the most important being his notion that the division of labour is ‘limited by the extent of the market’.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135958020","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 : 2023-06-08DOI: 10.1080/10370196.2023.2198821
John Hawkins
"The Anthem Companion to David Ricardo." History of Economics Review, ahead-of-print(ahead-of-print), pp. 1–2 Notes1 The others are Adam Smith, Karl Marx, Michał Kalecki and Maynard Keynes.2 The others are Adam Smith’s Wealth of Nations, Karl Marx’s Das Kapital, Alfred Marshall’s Principles of Economics and Maynard Keynes’s General Theory.
{"title":"<b>The Anthem Companion to David Ricardo</b>","authors":"John Hawkins","doi":"10.1080/10370196.2023.2198821","DOIUrl":"https://doi.org/10.1080/10370196.2023.2198821","url":null,"abstract":"\"The Anthem Companion to David Ricardo.\" History of Economics Review, ahead-of-print(ahead-of-print), pp. 1–2 Notes1 The others are Adam Smith, Karl Marx, Michał Kalecki and Maynard Keynes.2 The others are Adam Smith’s Wealth of Nations, Karl Marx’s Das Kapital, Alfred Marshall’s Principles of Economics and Maynard Keynes’s General Theory.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"82 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135270135","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 : 2023-05-04DOI: 10.1080/10370196.2023.2233252
J. Courvisanos
{"title":"Bruce McFarlane and His Contribution to Radical History of Economics","authors":"J. Courvisanos","doi":"10.1080/10370196.2023.2233252","DOIUrl":"https://doi.org/10.1080/10370196.2023.2233252","url":null,"abstract":"","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133546212","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 : 2023-05-04DOI: 10.1080/10370196.2023.2230621
S. Cornish
{"title":"Harry White and the American Creed. How a Federal Bureaucrat Created the Modern Global Economy (and Failed to Get the Credit)","authors":"S. Cornish","doi":"10.1080/10370196.2023.2230621","DOIUrl":"https://doi.org/10.1080/10370196.2023.2230621","url":null,"abstract":"","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125843386","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 : 2023-05-04DOI: 10.1080/10370196.2023.2226837
S. Howson
economists
经济学家
{"title":"Australia and James Meade","authors":"S. Howson","doi":"10.1080/10370196.2023.2226837","DOIUrl":"https://doi.org/10.1080/10370196.2023.2226837","url":null,"abstract":"economists","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121529248","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 : 2023-05-04DOI: 10.1080/10370196.2023.2223016
John King
{"title":"Leonid Hurwicz: Intelligent Designer. How War and the Great Depression Inspired a Nobel Economist","authors":"John King","doi":"10.1080/10370196.2023.2223016","DOIUrl":"https://doi.org/10.1080/10370196.2023.2223016","url":null,"abstract":"","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121173122","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 : 2023-05-04DOI: 10.1080/10370196.2023.2203530
Tony Endres
A very able and devoted public servant, carrying an immense burden of responsibility and initiative, of high integrity and of clear-sighted idealistic international purpose, genuinely intending to do his best for the world. Moreover, his over-powering will combined with the fact that he has constructive ideas mean that he does get things done, which few else here do’ (179). At the conclusion of the Atlantic City negotiations which preceded the Bretton Woods Conference, Keynes wrote that White ‘has proved an altogether admirable chairman. His kindness to me personally has been extreme. And behind the scenes he has always been out to find a way of agreement except when his own political difficulties stood in the way’ (180). Keynes, in fact, lobbied for White to be nominated as the inaugural Managing Director of the IMF (347). There are fewer extant comments by White about Keynes. Roy Harrod, Keynes’s biographer, claimed that White ‘revered Keynes as the greatest living economist’ (177). In May 1944, just prior to the conference at Bretton Woods, Roosevelt, who had met Keynes in 1934 and 1941, asked White if Keynes was being ‘friendly’; White replied that ‘Keynes was an extremely able and tough negotiator with, of course, a thorough understanding of the problems that confronted us, but when not negotiating or discussing points of differences... he was quite friendly’ (178). White took Keynes to a baseball game in Washington, and to a volleyball game played between the US and Soviet delegations at Bretton Woods. When he heard of Keynes’s death in 1946, White wrote urgently to Keynes’s widow expressing his ‘deep personal loss’. Harry Dexter White was a brilliant policy adviser and public servant, the promoter of the most acclaimed economic conference ever staged, but whose reputation was impugned on the basis of ‘tainted’ evidence. James Broughton deserves praise for telling objectively the story of one of the twentieth century’s heroes. As for his alleged disloyalty to his country, White informed the House Un-American Activities Committee on 13 August 1948, three days before he died, that ‘My creed is the American Creed’ (320).
{"title":"Hayek. A Life 1899–1950","authors":"Tony Endres","doi":"10.1080/10370196.2023.2203530","DOIUrl":"https://doi.org/10.1080/10370196.2023.2203530","url":null,"abstract":"A very able and devoted public servant, carrying an immense burden of responsibility and initiative, of high integrity and of clear-sighted idealistic international purpose, genuinely intending to do his best for the world. Moreover, his over-powering will combined with the fact that he has constructive ideas mean that he does get things done, which few else here do’ (179). At the conclusion of the Atlantic City negotiations which preceded the Bretton Woods Conference, Keynes wrote that White ‘has proved an altogether admirable chairman. His kindness to me personally has been extreme. And behind the scenes he has always been out to find a way of agreement except when his own political difficulties stood in the way’ (180). Keynes, in fact, lobbied for White to be nominated as the inaugural Managing Director of the IMF (347). There are fewer extant comments by White about Keynes. Roy Harrod, Keynes’s biographer, claimed that White ‘revered Keynes as the greatest living economist’ (177). In May 1944, just prior to the conference at Bretton Woods, Roosevelt, who had met Keynes in 1934 and 1941, asked White if Keynes was being ‘friendly’; White replied that ‘Keynes was an extremely able and tough negotiator with, of course, a thorough understanding of the problems that confronted us, but when not negotiating or discussing points of differences... he was quite friendly’ (178). White took Keynes to a baseball game in Washington, and to a volleyball game played between the US and Soviet delegations at Bretton Woods. When he heard of Keynes’s death in 1946, White wrote urgently to Keynes’s widow expressing his ‘deep personal loss’. Harry Dexter White was a brilliant policy adviser and public servant, the promoter of the most acclaimed economic conference ever staged, but whose reputation was impugned on the basis of ‘tainted’ evidence. James Broughton deserves praise for telling objectively the story of one of the twentieth century’s heroes. As for his alleged disloyalty to his country, White informed the House Un-American Activities Committee on 13 August 1948, three days before he died, that ‘My creed is the American Creed’ (320).","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123115212","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 : 2023-05-04DOI: 10.1080/10370196.2023.2232524
R. Serrano
Abstract This is a comment on Nomidis' “Revisiting Cournot and Neoclassical Economics”. Using simple examples, the focus is on the conditions that lead to Cournot's competitive limit result, showcasing the connections between the Cournot model and competitive equilibrium. Citing original sources, it is argued that the Neoclassical economists did not misunderstand Cournot, as Nomidis asserts.
{"title":"The Neoclassical Economists Did Not Misinterpret Cournot on Competition: A Comment on Nomidis","authors":"R. Serrano","doi":"10.1080/10370196.2023.2232524","DOIUrl":"https://doi.org/10.1080/10370196.2023.2232524","url":null,"abstract":"Abstract This is a comment on Nomidis' “Revisiting Cournot and Neoclassical Economics”. Using simple examples, the focus is on the conditions that lead to Cournot's competitive limit result, showcasing the connections between the Cournot model and competitive equilibrium. Citing original sources, it is argued that the Neoclassical economists did not misunderstand Cournot, as Nomidis asserts.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130748613","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 : 2023-05-04DOI: 10.1080/10370196.2023.2219501
H. Bloch
{"title":"Principles of Institutional and Evolutionary Political Economy: Applied to Current World Problems","authors":"H. Bloch","doi":"10.1080/10370196.2023.2219501","DOIUrl":"https://doi.org/10.1080/10370196.2023.2219501","url":null,"abstract":"","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"122 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121518228","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 : 2023-05-04DOI: 10.1080/10370196.2023.2231190
J. Hawkins
Abstract Keynes’s General Theory is the basis of how we think about fiscal policy today, having displaced the Gladstonian view of what constituted sound finance. His earlier Tract on Monetary Reform, written a century ago, advocated what is now the standard form of monetary policy, varying interest rates to target domestic prices rather than a fixed exchange rate. But it was less influential at the time than was the General Theory. The Tract was also less theoretically innovative, being based on the Cambridge tradition of the quantity theory of money.
凯恩斯的《通论》取代了格莱斯顿关于什么是健全金融的观点，是我们今天思考财政政策的基础。他在一个世纪前撰写的《货币改革论》(Tract on Monetary Reform)中，倡导的是如今的标准货币政策形式，即根据国内物价目标调整利率，而不是固定汇率。但它在当时的影响力不及通论。《小册子》基于剑桥传统的货币数量理论，在理论上也缺乏创新。
{"title":"One Hundred Years Ago. Keynes’s A Tract on Monetary Reform","authors":"J. Hawkins","doi":"10.1080/10370196.2023.2231190","DOIUrl":"https://doi.org/10.1080/10370196.2023.2231190","url":null,"abstract":"Abstract Keynes’s General Theory is the basis of how we think about fiscal policy today, having displaced the Gladstonian view of what constituted sound finance. His earlier Tract on Monetary Reform, written a century ago, advocated what is now the standard form of monetary policy, varying interest rates to target domestic prices rather than a fixed exchange rate. But it was less influential at the time than was the General Theory. The Tract was also less theoretically innovative, being based on the Cambridge tradition of the quantity theory of money.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126580319","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：