Pub Date : 2021-05-04DOI: 10.1080/10370196.2021.1939293
D. Kuehn
Abstract James Buchanan, one of the founders of public choice theory and constitutional economics, began his career studying fiscal federalism in the doctoral program at the University of Chicago. This paper explores Buchanan’s early interest in Australian experiences with federation and intergovernmental grants as a guide to fiscal federalism in the United States. In his dissertation, Buchanan cited Australia in his arguments against the consolidation of the American states into larger regional governments. He also drew lessons from the early years of the Commonwealth Grants Commission for the intergovernmental grants that he proposed for the United States.
{"title":"Australian Federalism in James Buchanan’s Early Work on Fiscal Equity","authors":"D. Kuehn","doi":"10.1080/10370196.2021.1939293","DOIUrl":"https://doi.org/10.1080/10370196.2021.1939293","url":null,"abstract":"Abstract James Buchanan, one of the founders of public choice theory and constitutional economics, began his career studying fiscal federalism in the doctoral program at the University of Chicago. This paper explores Buchanan’s early interest in Australian experiences with federation and intergovernmental grants as a guide to fiscal federalism in the United States. In his dissertation, Buchanan cited Australia in his arguments against the consolidation of the American states into larger regional governments. He also drew lessons from the early years of the Commonwealth Grants Commission for the intergovernmental grants that he proposed for the United States.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121233371","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 : 2021-05-04DOI: 10.1080/10370196.2021.1945754
Alexander Tobón
Abstract This paper presents a new interpretation of Lindahl’s pricing problem. The methodology introduces a non-monetary economy, where consumer goods prices are determined endogenously, to show how the ex ante/ex post compatibility between supply and demand plans leads to situations of equilibrium and disequilibrium. Using a roundabout method of production where labour is the only input, I develop a model in two stages. In the first stage, labour, wages, and the interest rate are determined endogenously to establish an ex ante equilibrium. In the second stage, consumer goods prices are calculated to distinguish the ex post equilibrium/disequilibrium. This model aims to constitute a simplified reference to the pricing problem in the Stockholm School approach.
{"title":"Erik Lindahl’s Pricing Problem in a Two-Period Model","authors":"Alexander Tobón","doi":"10.1080/10370196.2021.1945754","DOIUrl":"https://doi.org/10.1080/10370196.2021.1945754","url":null,"abstract":"Abstract This paper presents a new interpretation of Lindahl’s pricing problem. The methodology introduces a non-monetary economy, where consumer goods prices are determined endogenously, to show how the ex ante/ex post compatibility between supply and demand plans leads to situations of equilibrium and disequilibrium. Using a roundabout method of production where labour is the only input, I develop a model in two stages. In the first stage, labour, wages, and the interest rate are determined endogenously to establish an ex ante equilibrium. In the second stage, consumer goods prices are calculated to distinguish the ex post equilibrium/disequilibrium. This model aims to constitute a simplified reference to the pricing problem in the Stockholm School approach.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114330546","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 : 2021-05-04DOI: 10.1080/10370196.2021.1939301
R. Chandra
Abstract This paper gives a fuller account of Allyn Young’s contribution to index numbers than given by Charles Blitch. It also examines Young’s claim in strengthening the logical foundations of Fisher’s ideal index number. Young entered into a lengthy correspondence with Wesley Mitchell and Irving Fisher on the subject and helped shape their works. His position on index numbers evolved over the years. Initially, he was fascinated by Fisher’s ideal index number because it was both an average of ratios and a ratio of averages, but he later gave up his predilection for the geometric average. He stated that any properly weighted and constructed index number was just as good. Although the harmonic mean gave results smaller than the geometric, and the geometric smaller than the arithmetic, for comparison purposes it made little difference which average was used. His conclusion was that a theoretically perfect index number was an impossibility, and the choice of the index depended on the problem at hand.
{"title":"Allyn Young and the Theory of Index Numbers","authors":"R. Chandra","doi":"10.1080/10370196.2021.1939301","DOIUrl":"https://doi.org/10.1080/10370196.2021.1939301","url":null,"abstract":"Abstract This paper gives a fuller account of Allyn Young’s contribution to index numbers than given by Charles Blitch. It also examines Young’s claim in strengthening the logical foundations of Fisher’s ideal index number. Young entered into a lengthy correspondence with Wesley Mitchell and Irving Fisher on the subject and helped shape their works. His position on index numbers evolved over the years. Initially, he was fascinated by Fisher’s ideal index number because it was both an average of ratios and a ratio of averages, but he later gave up his predilection for the geometric average. He stated that any properly weighted and constructed index number was just as good. Although the harmonic mean gave results smaller than the geometric, and the geometric smaller than the arithmetic, for comparison purposes it made little difference which average was used. His conclusion was that a theoretically perfect index number was an impossibility, and the choice of the index depended on the problem at hand.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"94 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115712785","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 : 2021-05-04DOI: 10.1080/10370196.2021.1926107
Gianfranco Tusset
{"title":"Manual of Political Economy: A Critical and Variorum Edition","authors":"Gianfranco Tusset","doi":"10.1080/10370196.2021.1926107","DOIUrl":"https://doi.org/10.1080/10370196.2021.1926107","url":null,"abstract":"","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129811647","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 : 2021-05-04DOI: 10.1080/10370196.2021.1946931
Franck Jovanovic, P. Le Gall
Abstract The influence of physics on economics has been largely analysed; the opposite influence also exists even if it has been less studied. In the last decades the relation between these two disciplines has increased. Economic models are more often used in physics (minority game, GARCH model, etc.). The aim of this paper is to explore the role of mathematical analogies in the evolution of the relation between physics and economics. We show how these analogies have contributed to make the disciplinary boundaries of economics and physics more permeable. We investigate three examples: Frisch’s PPIP model (1933); the use of the Ising model for creating econophysics in the 1990s; and the minority game, created by econophysicists in 1997 for solving an economic problem and nowadays used in physics.
{"title":"Mathematical Analogies: An Engine for Understanding the Transfers between Economics and Physics","authors":"Franck Jovanovic, P. Le Gall","doi":"10.1080/10370196.2021.1946931","DOIUrl":"https://doi.org/10.1080/10370196.2021.1946931","url":null,"abstract":"Abstract The influence of physics on economics has been largely analysed; the opposite influence also exists even if it has been less studied. In the last decades the relation between these two disciplines has increased. Economic models are more often used in physics (minority game, GARCH model, etc.). The aim of this paper is to explore the role of mathematical analogies in the evolution of the relation between physics and economics. We show how these analogies have contributed to make the disciplinary boundaries of economics and physics more permeable. We investigate three examples: Frisch’s PPIP model (1933); the use of the Ising model for creating econophysics in the 1990s; and the minority game, created by econophysicists in 1997 for solving an economic problem and nowadays used in physics.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134020969","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 : 2021-04-12DOI: 10.1080/10370196.2021.1904175
R. Petridis
This is a significant and important book because its author Toshihiro Tanaka and Tony Endres were the only international participants at the inaugural conference of the History of Economic Thought ...
{"title":"Japan and the Study of the History of Economic Thought: Collected English Essays","authors":"R. Petridis","doi":"10.1080/10370196.2021.1904175","DOIUrl":"https://doi.org/10.1080/10370196.2021.1904175","url":null,"abstract":"This is a significant and important book because its author Toshihiro Tanaka and Tony Endres were the only international participants at the inaugural conference of the History of Economic Thought ...","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"68 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129634803","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 : 2021-02-28DOI: 10.1080/10370196.2021.1885129
Courvisanos Jerry
{"title":"Pluralistic Economics and Its History","authors":"Courvisanos Jerry","doi":"10.1080/10370196.2021.1885129","DOIUrl":"https://doi.org/10.1080/10370196.2021.1885129","url":null,"abstract":"","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116997009","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 : 2021-02-11DOI: 10.1080/10370196.2021.1877931
Nathan Saunders
The aim of Steven Kates’s latest book – Classical Economic Theory and the Modern Economy – is for readers to appreciate John Stuart Mill’s deep and broad understanding of economics along with the w...
{"title":"Classical Economic Theory and the Modern Economy","authors":"Nathan Saunders","doi":"10.1080/10370196.2021.1877931","DOIUrl":"https://doi.org/10.1080/10370196.2021.1877931","url":null,"abstract":"The aim of Steven Kates’s latest book – Classical Economic Theory and the Modern Economy – is for readers to appreciate John Stuart Mill’s deep and broad understanding of economics along with the w...","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130970650","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 : 2021-02-09DOI: 10.1080/10370196.2021.1877073
J. Pullen
This work provides a very useful and fascinating account of reactions in various countries to Malthus’s publications. It contains an introduction by the three editors, followed by nine chapters dea...
{"title":"Malthus across Nations: The Reception of Thomas Robert Malthus in Europe, America and Japan","authors":"J. Pullen","doi":"10.1080/10370196.2021.1877073","DOIUrl":"https://doi.org/10.1080/10370196.2021.1877073","url":null,"abstract":"This work provides a very useful and fascinating account of reactions in various countries to Malthus’s publications. It contains an introduction by the three editors, followed by nine chapters dea...","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"93 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126391097","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}
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