Pub Date : 2023-08-16DOI: 10.1017/s1053837223000172
Lachezar Grudev
{"title":"Bruce Caldwell and Hansjoerg Klausinger, Hayek: A Life, 1899–1950 (Chicago: The University of Chicago Press, 2022), pp. 824, $50 (hardcover). ISBN: 9780226816821.","authors":"Lachezar Grudev","doi":"10.1017/s1053837223000172","DOIUrl":"https://doi.org/10.1017/s1053837223000172","url":null,"abstract":"","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43516567","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-16DOI: 10.1017/s1053837223000123
Steven G. Medema
Though the Chicago school has been the subject of no small amount of research over the past several decades, that scholarship has focused largely on persons, ideas, and influence—in short, on the school itself. No attention has been paid to the origins of that label and the avenues via which the notion of a “Chicago school” of economics came to be. This paper attempts to address that lacuna, drawing on both published and archival resources. What emerges is a story of a label of uncertain origin but wrapped up in competing agendas, the first stage in the history of which culminates in 1962 with its rejection by two of the very people who helped birth it.
{"title":"IDENTIFYING A “CHICAGO SCHOOL” OF ECONOMICS: ON THE ORIGINS, DIFFUSION, AND EVOLVING MEANINGS OF A FAMOUS NAME BRAND","authors":"Steven G. Medema","doi":"10.1017/s1053837223000123","DOIUrl":"https://doi.org/10.1017/s1053837223000123","url":null,"abstract":"Though the Chicago school has been the subject of no small amount of research over the past several decades, that scholarship has focused largely on persons, ideas, and influence—in short, on the school itself. No attention has been paid to the origins of that label and the avenues via which the notion of a “Chicago school” of economics came to be. This paper attempts to address that lacuna, drawing on both published and archival resources. What emerges is a story of a label of uncertain origin but wrapped up in competing agendas, the first stage in the history of which culminates in 1962 with its rejection by two of the very people who helped birth it.","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48802518","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-10DOI: 10.1017/s1053837223000226
Fabio Barbieri, Marcelo Lourenço Filho
This article explores a debate on the theory of cost that occurred in the 1890s between economist Silas MacVane and Austrian economists. MacVane defended the idea of objective “real cost” and the Austrians argued for subjective opportunity cost. Although this debate is rarely mentioned, it represents a noteworthy episode of active contrast between ideas on value and on cost, with implications that are relevant for contemporary economists. By highlighting the incompatibility of the objective and subjective conceptions of cost, this debate sheds light on the evolution of economic theory. The contributions of relatively unknown authors, such as MacVane and David Green, are also discussed. We interpret the debate in terms of the contrast between research programs based on wealth and on exchange, and note that the gradual shift in the period regarding the fundamental problem that informs economic theory is key to understanding the modern concept of cost.
{"title":"FROM “TIRED MUSCLES” TO “MIGHT-HAVE-BEENS”: A DEBATE ON THE NATURE OF COSTS IN THE LATE NINETEENTH CENTURY","authors":"Fabio Barbieri, Marcelo Lourenço Filho","doi":"10.1017/s1053837223000226","DOIUrl":"https://doi.org/10.1017/s1053837223000226","url":null,"abstract":"This article explores a debate on the theory of cost that occurred in the 1890s between economist Silas MacVane and Austrian economists. MacVane defended the idea of objective “real cost” and the Austrians argued for subjective opportunity cost. Although this debate is rarely mentioned, it represents a noteworthy episode of active contrast between ideas on value and on cost, with implications that are relevant for contemporary economists. By highlighting the incompatibility of the objective and subjective conceptions of cost, this debate sheds light on the evolution of economic theory. The contributions of relatively unknown authors, such as MacVane and David Green, are also discussed. We interpret the debate in terms of the contrast between research programs based on wealth and on exchange, and note that the gradual shift in the period regarding the fundamental problem that informs economic theory is key to understanding the modern concept of cost.","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46852638","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-10DOI: 10.1017/s1053837223000196
Samuel Demeulemeester
This paper aims to show how the 100% money proposal, which Irving Fisher came to support in 1935, connects to the rest of his work on monetary instability—in particular, to his credit cycle analysis of 1911 and his debt-deflation theory of 1932–33. Behind these respective analyses, we identify a common explanatory pattern of monetary fluctuations, the “debt–money–prices” triangle, which we use to show how Fisher’s explanations evolved over time, and how his advocacy of 100% money came as a logical conclusion.
{"title":"INVESTIGATING THE “DEBT–MONEY–PRICES” TRIANGLE: IRVING FISHER’S THEORETICAL JOURNEY TOWARD THE 100% MONEY PROPOSAL","authors":"Samuel Demeulemeester","doi":"10.1017/s1053837223000196","DOIUrl":"https://doi.org/10.1017/s1053837223000196","url":null,"abstract":"This paper aims to show how the 100% money proposal, which Irving Fisher came to support in 1935, connects to the rest of his work on monetary instability—in particular, to his credit cycle analysis of 1911 and his debt-deflation theory of 1932–33. Behind these respective analyses, we identify a common explanatory pattern of monetary fluctuations, the “debt–money–prices” triangle, which we use to show how Fisher’s explanations evolved over time, and how his advocacy of 100% money came as a logical conclusion.","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41383241","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-08DOI: 10.1017/s1053837223000251
Perry Mehrling
{"title":"Arie Arnon, Debates in Macroeconomics from the Great Depression to the Long Recession: Cycles, Crises and Policy Responses (Cham: Springer Nature, 2022), pp. xxvi + 318, $109.99 (hardcover). ISBN: 9783030977023.","authors":"Perry Mehrling","doi":"10.1017/s1053837223000251","DOIUrl":"https://doi.org/10.1017/s1053837223000251","url":null,"abstract":"","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48095255","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-07DOI: 10.1017/s1053837223000202
M. Boianovsky
{"title":"Roberto Baranzini and Daniele Besomi, eds., Metaphors in the History of Economic Thought: Crises, Business Cycles and Equilibrium (London: Routledge, 2023), pp. viii + 290, $136 (hardcover). ISBN: 9780367701062.","authors":"M. Boianovsky","doi":"10.1017/s1053837223000202","DOIUrl":"https://doi.org/10.1017/s1053837223000202","url":null,"abstract":"","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44781159","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-07DOI: 10.1017/s1053837222000803
Virginie Gouverneur
Evelyn Forget is among the “women of value” working in the economics profession. Her work has always been on the interface between theory and policy. It focuses on how economic tools and language can be mobilized to ensure that all members of society have access to the resources and services that allow us to live with dignity. Her contributions on the issue fall into two areas: history of economics, and health and social policy research. Her work in the latter area has earned her the titles of Officer of the Order of Canada and Fellow of the Royal Society of Canada. Her most recent research focuses on the issue of basic income, which in Canada really means a form of targeted guaranteed income. Her 2018 book Basic Income for Canadians was shortlisted for the 2018–19 Donner Prize. In 2020, she updated the book to focus on the impact of the COVID-19 pandemic. Her latest book, Radical Trust: Basic Income for Complicated Lives, co-written with Hannah Owczar, was published in 2021.
{"title":"JHET INTERVIEWS: EVELYN FORGET","authors":"Virginie Gouverneur","doi":"10.1017/s1053837222000803","DOIUrl":"https://doi.org/10.1017/s1053837222000803","url":null,"abstract":"Evelyn Forget is among the “women of value” working in the economics profession. Her work has always been on the interface between theory and policy. It focuses on how economic tools and language can be mobilized to ensure that all members of society have access to the resources and services that allow us to live with dignity. Her contributions on the issue fall into two areas: history of economics, and health and social policy research. Her work in the latter area has earned her the titles of Officer of the Order of Canada and Fellow of the Royal Society of Canada. Her most recent research focuses on the issue of basic income, which in Canada really means a form of targeted guaranteed income. Her 2018 book Basic Income for Canadians was shortlisted for the 2018–19 Donner Prize. In 2020, she updated the book to focus on the impact of the COVID-19 pandemic. Her latest book, Radical Trust: Basic Income for Complicated Lives, co-written with Hannah Owczar, was published in 2021.","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49366080","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-02DOI: 10.1017/s1053837223000184
C. DesRoches
{"title":"Marco P. Vianna Franco and Antoine Missemer, A History of Ecological Economic Thought (Oxfordshire: Routledge, 2022), pp. 200, 120£ (hardcover). ISBN: 9780367363925.","authors":"C. DesRoches","doi":"10.1017/s1053837223000184","DOIUrl":"https://doi.org/10.1017/s1053837223000184","url":null,"abstract":"","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49546321","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-03DOI: 10.1017/s1053837223000160
Alexandre Mendes Cunha
{"title":"Juan Odisio and Marcelo Rougier, eds., El desafío del desarrollo: Trayectorias de los grandes economistas latinoamericanos del siglo XX (Santander: Editorial Universidad de Cantabria, 2022), pp. 404, 21€ (paperback). ISBN: 9788417888985.","authors":"Alexandre Mendes Cunha","doi":"10.1017/s1053837223000160","DOIUrl":"https://doi.org/10.1017/s1053837223000160","url":null,"abstract":"","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":"1 1","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"57109283","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-28DOI: 10.1017/s1053837223000317
Y. Elazar
{"title":"ADAM SMITH AND THE WEALTH-WORSHIPPING SPECTATOR — ERRATUM","authors":"Y. Elazar","doi":"10.1017/s1053837223000317","DOIUrl":"https://doi.org/10.1017/s1053837223000317","url":null,"abstract":"","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45816762","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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