Abstract This essay reviews Stefan Eich’s book, The Currency of Politics: The Political Theory of Money from Aristotle to Keynes, Princeton, New Jersey, Princeton University Press, 2022. Eich reveals the political interventions, both theoretical and practical, that have led to the appearance that money is not to be politicized or subject to democratic control. Although mildly critical of Eich’s book, the review above all serves the constructive purpose of building upon Eich’s insights by selectively examining the theories of money and episodes from monetary history in and through which the politics of money has been contested.
{"title":"The Art of Not Being Seen: The Politics of Money","authors":"Mark Peacock","doi":"10.1093/cpe/bzad017","DOIUrl":"https://doi.org/10.1093/cpe/bzad017","url":null,"abstract":"Abstract This essay reviews Stefan Eich’s book, The Currency of Politics: The Political Theory of Money from Aristotle to Keynes, Princeton, New Jersey, Princeton University Press, 2022. Eich reveals the political interventions, both theoretical and practical, that have led to the appearance that money is not to be politicized or subject to democratic control. Although mildly critical of Eich’s book, the review above all serves the constructive purpose of building upon Eich’s insights by selectively examining the theories of money and episodes from monetary history in and through which the politics of money has been contested.","PeriodicalId":38730,"journal":{"name":"Contributions to Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134981714","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}
{"title":"Adam Smith Reconsidered: History, Liberty, and the Foundations of Modern Politics","authors":"L. Montes","doi":"10.1093/cpe/bzad011","DOIUrl":"https://doi.org/10.1093/cpe/bzad011","url":null,"abstract":"","PeriodicalId":38730,"journal":{"name":"Contributions to Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46086277","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}
Abstract The paper discusses concepts of economic value via a review of Dave Elder-Vass’s book Inventing Value. Setting the review in the context of the need to re-evaluate theories of economic value in light of the environmental crisis, it outlines and assesses the book’s critical realist approach to the subject, its critiques of existing value theories, the alternative offered by the author—‘the social construction of monetary worth’—and its application to the valuation of financial assets. It goes on to discuss whether economic value can be said to be ‘invented’, the relation between positive and normative theories of value, and what can be salvaged from existing theories of value. It ends by briefly summarising where value theory in the context of the wider economy might go from here.
{"title":"Back to Basics on Economic Value: Review Article of Dave Elder-Vass’s <i>Inventing Value: The Social Construction of Monetary Worth</i>, Cambridge University Press, 2022","authors":"Andrew Sayer","doi":"10.1093/cpe/bzad016","DOIUrl":"https://doi.org/10.1093/cpe/bzad016","url":null,"abstract":"Abstract The paper discusses concepts of economic value via a review of Dave Elder-Vass’s book Inventing Value. Setting the review in the context of the need to re-evaluate theories of economic value in light of the environmental crisis, it outlines and assesses the book’s critical realist approach to the subject, its critiques of existing value theories, the alternative offered by the author—‘the social construction of monetary worth’—and its application to the valuation of financial assets. It goes on to discuss whether economic value can be said to be ‘invented’, the relation between positive and normative theories of value, and what can be salvaged from existing theories of value. It ends by briefly summarising where value theory in the context of the wider economy might go from here.","PeriodicalId":38730,"journal":{"name":"Contributions to Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135159198","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}
The book Cambridge Economics in the Post-Keynesian Era: The Eclipse of Heterodox Traditions, by Ashwani Saith, explains how various approaches to the study of economics at Cambridge, UK, were replaced by mainstream economics, as practiced in leading North American universities. This article reviews the book, while also connecting the narrative provided in the book to central questions regarding the Cambridge economic tradition, and the various approaches that constitute it. The differences between the type of applied economics developed at Cambridge and in contemporary mainstream economics are also discussed. To do so, a distinction between Marshallian realism and Walrasian formalism is made here. Albeit this distinction is not emphasised in Saith’s book, it helps to supplement and understand the persuasive and important narrative provided by Saith.
阿什瓦尼·赛斯（Ashwani Saith）的《后凯恩斯主义时代的剑桥经济学：异质传统的衰落》（Cambridge Economics in The Post Keynes Era:The Eclipse of Heterodox Traditions）一书解释了英国剑桥大学的各种经济学研究方法是如何被主流经济学所取代的，正如北美顶尖大学所实践的那样。这篇文章回顾了这本书，同时也将书中提供的叙述与剑桥经济传统的核心问题以及构成它的各种方法联系起来。还讨论了剑桥发展起来的应用经济学类型与当代主流经济学之间的差异。为了做到这一点，这里对马歇尔现实主义和瓦尔拉斯形式主义进行了区分。尽管赛斯的书中没有强调这一区别，但它有助于补充和理解赛斯提供的具有说服力的重要叙事。
{"title":"Cambridge Economics in the Post-Keynesian Era: How Mainstream Economics Replaced Cambridge Economics","authors":"N. Martins","doi":"10.1093/cpe/bzad014","DOIUrl":"https://doi.org/10.1093/cpe/bzad014","url":null,"abstract":"\u0000 The book Cambridge Economics in the Post-Keynesian Era: The Eclipse of Heterodox Traditions, by Ashwani Saith, explains how various approaches to the study of economics at Cambridge, UK, were replaced by mainstream economics, as practiced in leading North American universities. This article reviews the book, while also connecting the narrative provided in the book to central questions regarding the Cambridge economic tradition, and the various approaches that constitute it. The differences between the type of applied economics developed at Cambridge and in contemporary mainstream economics are also discussed. To do so, a distinction between Marshallian realism and Walrasian formalism is made here. Albeit this distinction is not emphasised in Saith’s book, it helps to supplement and understand the persuasive and important narrative provided by Saith.","PeriodicalId":38730,"journal":{"name":"Contributions to Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47121912","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}
Abstract This article is a review essay of Karl Mittermaier’s ‘The Hand Behind the Invisible Hand’, first written as a PhD thesis that was submitted in 1987 and finally published in 2020. The essay examines the main question upon which Mittermaier focuses, namely, whether the institutional framework required for spontaneous market order to arise itself also arises spontaneously, via an invisible hand process, or whether it must instead be deliberately created by the visible hand of the state. The essay considers Mittermaier’s analysis of how this issue is addressed in the work of Adam Smith, James Buchanan, Walter Eucken, Friedrich Hayek, and Henry Simons. It also adds some reflections about the issue arising from the work of Elinor Ostrom.
本文是对Karl Mittermaier的《看不见的手背后的手》(The Hand Behind The Invisible Hand)的一篇综述文章，该论文最初是作为博士论文撰写的，于1987年提交，最终于2020年发表。本文考察了密特迈尔关注的主要问题，即自发市场秩序自身产生所需的制度框架是否也通过看不见的手过程自发产生，或者它是否必须由国家这只看得见的手故意创造。本文考虑了密特迈尔对亚当·斯密、詹姆斯·布坎南、沃尔特·欧肯、弗里德里希·哈耶克和亨利·西蒙斯的作品中如何解决这个问题的分析。它还增加了对埃莉诺·奥斯特罗姆(Elinor Ostrom)作品中出现的问题的一些思考。
{"title":"The Hand Behind the Invisible Hand: Reflections on a Recurring Theme in Classical Liberal Political Economy","authors":"Paul Lewis","doi":"10.1093/cpe/bzad010","DOIUrl":"https://doi.org/10.1093/cpe/bzad010","url":null,"abstract":"Abstract This article is a review essay of Karl Mittermaier’s ‘The Hand Behind the Invisible Hand’, first written as a PhD thesis that was submitted in 1987 and finally published in 2020. The essay examines the main question upon which Mittermaier focuses, namely, whether the institutional framework required for spontaneous market order to arise itself also arises spontaneously, via an invisible hand process, or whether it must instead be deliberately created by the visible hand of the state. The essay considers Mittermaier’s analysis of how this issue is addressed in the work of Adam Smith, James Buchanan, Walter Eucken, Friedrich Hayek, and Henry Simons. It also adds some reflections about the issue arising from the work of Elinor Ostrom.","PeriodicalId":38730,"journal":{"name":"Contributions to Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136041492","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}
{"title":"Correction to: Universal Basic Income in Historical Perspective","authors":"","doi":"10.1093/cpe/bzad013","DOIUrl":"https://doi.org/10.1093/cpe/bzad013","url":null,"abstract":"","PeriodicalId":38730,"journal":{"name":"Contributions to Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42878982","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}
{"title":"Correction to: Growth for Good: Reshaping Capitalism to Save Humanity from Climate Catastrophe","authors":"","doi":"10.1093/cpe/bzad012","DOIUrl":"https://doi.org/10.1093/cpe/bzad012","url":null,"abstract":"","PeriodicalId":38730,"journal":{"name":"Contributions to Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41659714","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}
{"title":"EDITORIALANNOUNCEMENT","authors":"","doi":"10.1093/cpe/bzad009","DOIUrl":"https://doi.org/10.1093/cpe/bzad009","url":null,"abstract":"","PeriodicalId":38730,"journal":{"name":"Contributions to Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45539870","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}
{"title":"LUIGI PASINETTI 1930–2023","authors":"Murray Milgate, J. Eatwell, G. de Vivo","doi":"10.1093/cpe/bzad008","DOIUrl":"https://doi.org/10.1093/cpe/bzad008","url":null,"abstract":"","PeriodicalId":38730,"journal":{"name":"Contributions to Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43902350","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}
Journal Article Growth for Good: Reshaping Capitalism to Save Humanity from Climate Catastrophe Get access Alessio Terzi. Growth for Good: Reshaping Capitalism to Save Humanity from Climate Catastrophe. Harvard University Press, 2022. pp. 368. ISBN: 9780674258426. Jonathan Aldred Jonathan Aldred University of Cambridge, Cambridge, UK Email: jsa1001@cam.ac.uk Search for other works by this author on: Oxford Academic Google Scholar Contributions to Political Economy, bzad004, https://doi.org/10.1093/cpe/bzad004 Published: 16 March 2023 Article history Received: 14 September 2022 Published: 16 March 2023
{"title":"Growth for Good: Reshaping Capitalism to Save Humanity from Climate Catastrophe","authors":"Jonathan Aldred","doi":"10.1093/cpe/bzad004","DOIUrl":"https://doi.org/10.1093/cpe/bzad004","url":null,"abstract":"Journal Article Growth for Good: Reshaping Capitalism to Save Humanity from Climate Catastrophe Get access Alessio Terzi. Growth for Good: Reshaping Capitalism to Save Humanity from Climate Catastrophe. Harvard University Press, 2022. pp. 368. ISBN: 9780674258426. Jonathan Aldred Jonathan Aldred University of Cambridge, Cambridge, UK Email: jsa1001@cam.ac.uk Search for other works by this author on: Oxford Academic Google Scholar Contributions to Political Economy, bzad004, https://doi.org/10.1093/cpe/bzad004 Published: 16 March 2023 Article history Received: 14 September 2022 Published: 16 March 2023","PeriodicalId":38730,"journal":{"name":"Contributions to Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135488571","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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