Pub Date : 2023-09-27DOI: 10.1215/00182702-10956544
Juan Acosta, Beatrice Cherrier, François Claveau, Clément Fontan, Aurélien Goutsmedt, Francesco Sergi
Abstract This paper discusses the transformation of the content, role, and status of economic research at the Bank of England in the past sixty years. We show how three factors (the policy functions and missions of the Bank, the attitude of its executives toward economics, and its organizational structure) shaped the evolution of in-house economic research at the Bank during three distinctive periods (1960–91; 1992–2007; 2007–14). Our account relies on a broad set of sources and methods (the Bank's publications, archives, interviews with current and former Bank economists, citation analysis, prosopography, and topic modeling).
{"title":"Six Decades of Economic Research at the Bank of England","authors":"Juan Acosta, Beatrice Cherrier, François Claveau, Clément Fontan, Aurélien Goutsmedt, Francesco Sergi","doi":"10.1215/00182702-10956544","DOIUrl":"https://doi.org/10.1215/00182702-10956544","url":null,"abstract":"Abstract This paper discusses the transformation of the content, role, and status of economic research at the Bank of England in the past sixty years. We show how three factors (the policy functions and missions of the Bank, the attitude of its executives toward economics, and its organizational structure) shaped the evolution of in-house economic research at the Bank during three distinctive periods (1960–91; 1992–2007; 2007–14). Our account relies on a broad set of sources and methods (the Bank's publications, archives, interviews with current and former Bank economists, citation analysis, prosopography, and topic modeling).","PeriodicalId":47043,"journal":{"name":"History of Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135471803","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-27DOI: 10.1215/00182702-10956570
Alain Béraud, Guy Numa
Abstract Cournot's views on the effects of international trade on social income have received little attention. Drawing upon a comprehensive analysis of Cournot's writings, this article shows that Cournot distinguished between variations in nominal income and variations in real income. He introduced the principle of compensation of demands: if the price of a commodity changes, the value of the total demand for other commodities remains unchanged. He relied on this principle to demonstrate that a unilateral removal of trade restrictions can cause real income to fall. Under specific circumstances, protective tariffs may be warranted. Cournot thus endorsed the infant-industry argument without being a die-hard protectionist. The article discusses the arguments of his critics and concludes that many commentators have misrepresented his thinking.
{"title":"Cournot on the Communication of Markets: The Principle of Compensation of Demands and the Effects of International Trade on Social Income","authors":"Alain Béraud, Guy Numa","doi":"10.1215/00182702-10956570","DOIUrl":"https://doi.org/10.1215/00182702-10956570","url":null,"abstract":"Abstract Cournot's views on the effects of international trade on social income have received little attention. Drawing upon a comprehensive analysis of Cournot's writings, this article shows that Cournot distinguished between variations in nominal income and variations in real income. He introduced the principle of compensation of demands: if the price of a commodity changes, the value of the total demand for other commodities remains unchanged. He relied on this principle to demonstrate that a unilateral removal of trade restrictions can cause real income to fall. Under specific circumstances, protective tariffs may be warranted. Cournot thus endorsed the infant-industry argument without being a die-hard protectionist. The article discusses the arguments of his critics and concludes that many commentators have misrepresented his thinking.","PeriodicalId":47043,"journal":{"name":"History of Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135535754","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-27DOI: 10.1215/00182702-10956648
Alain Marciano
{"title":"The Marketizers: Public Choice and the Origins of the Neoliberal Order","authors":"Alain Marciano","doi":"10.1215/00182702-10956648","DOIUrl":"https://doi.org/10.1215/00182702-10956648","url":null,"abstract":"","PeriodicalId":47043,"journal":{"name":"History of Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135535967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-27DOI: 10.1215/00182702-10956622
Vincent Carret
{"title":"Communist Planning versus Rationality: Mathematical Economics and the Central Plan in Eastern Europe and China","authors":"Vincent Carret","doi":"10.1215/00182702-10956622","DOIUrl":"https://doi.org/10.1215/00182702-10956622","url":null,"abstract":"","PeriodicalId":47043,"journal":{"name":"History of Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135536135","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-27DOI: 10.1215/00182702-10956609
H. Spencer Banzhaf
Higher education professionals, both faculty and administrative staff, must have at minimum a basic understanding of how U.S. policy influences their institution, their field, and education generally. For some, grasping frequently convoluted processes and concepts of policymaking may seem a daunting task; yet, policy formation is the foundation of higher education and therefore must be understood, even if only at the most fundamental levels. Elizabeth Popp Berman’s Thinking Like an Economist provides an in-depth view into the role of economics in U.S. policymaking and its applicability to higher education and beyond. While she goes into the trenches of economic reasoning in policymaking, the average non-economically minded higher education professional will be able to glean meaningful takeaways.
{"title":"Thinking Like an Economist: How Efficiency Replaced Equality in U.S. Public Policy","authors":"H. Spencer Banzhaf","doi":"10.1215/00182702-10956609","DOIUrl":"https://doi.org/10.1215/00182702-10956609","url":null,"abstract":"Higher education professionals, both faculty and administrative staff, must have at minimum a basic understanding of how U.S. policy influences their institution, their field, and education generally. For some, grasping frequently convoluted processes and concepts of policymaking may seem a daunting task; yet, policy formation is the foundation of higher education and therefore must be understood, even if only at the most fundamental levels. Elizabeth Popp Berman’s Thinking Like an Economist provides an in-depth view into the role of economics in U.S. policymaking and its applicability to higher education and beyond. While she goes into the trenches of economic reasoning in policymaking, the average non-economically minded higher education professional will be able to glean meaningful takeaways.","PeriodicalId":47043,"journal":{"name":"History of Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135536156","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-27DOI: 10.1215/00182702-10956557
Lachezar Grudev
Abstract This article reconstructs the path of the German economist Friedrich A. Lutz (1901–75) to American economics. The correspondence with his former teacher Walter Eucken, the founder of the Freiburg school, constitutes a crucial yet unexplored source for the article. Through Lutz's case, this article demonstrates the growing gulf between German and Anglo-Saxon economics during the late 1930s. In his native Germany, Lutz was trained in methodologically and institutionally focused economics, which differed fundamentally from the mathematical economics dominating Anglo-Saxon academia. He realized that an academic career in the United States would be impossible if he did not adapt to the new methods and if he did not abandon the methods of the German tradition. This gave rise to his internal Methodenstreit. After his emigration in 1938, he constantly experienced doubts and tensions because he was convinced that without considering institutions, mathematical economics could never explain the occurrence and essence of macroeconomic phenomena. Despite his stellar career at Princeton, it was only after his move to Zurich in 1953, where he taught history and theory of socioeconomics for the rest of his life, that Lutz could reconcile this internal Methodenstreit.
{"title":"Emigration with a Pulled Handbrake: Friedrich A. Lutz's Internal <i>Methodenstreit</i>","authors":"Lachezar Grudev","doi":"10.1215/00182702-10956557","DOIUrl":"https://doi.org/10.1215/00182702-10956557","url":null,"abstract":"Abstract This article reconstructs the path of the German economist Friedrich A. Lutz (1901–75) to American economics. The correspondence with his former teacher Walter Eucken, the founder of the Freiburg school, constitutes a crucial yet unexplored source for the article. Through Lutz's case, this article demonstrates the growing gulf between German and Anglo-Saxon economics during the late 1930s. In his native Germany, Lutz was trained in methodologically and institutionally focused economics, which differed fundamentally from the mathematical economics dominating Anglo-Saxon academia. He realized that an academic career in the United States would be impossible if he did not adapt to the new methods and if he did not abandon the methods of the German tradition. This gave rise to his internal Methodenstreit. After his emigration in 1938, he constantly experienced doubts and tensions because he was convinced that without considering institutions, mathematical economics could never explain the occurrence and essence of macroeconomic phenomena. Despite his stellar career at Princeton, it was only after his move to Zurich in 1953, where he taught history and theory of socioeconomics for the rest of his life, that Lutz could reconcile this internal Methodenstreit.","PeriodicalId":47043,"journal":{"name":"History of Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135535946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-27DOI: 10.1215/00182702-10956596
Manolis Manioudis
Abstract Thomas Edward Cliffe Leslie was one of the founders of British historical economics. He was an important figure in the history of economic thought of the nineteenth century, as he contributed to the critique of Ricardian political economy while at the same time being one of the founders of the British historical school. Cliffe Leslie was influenced by classical economists, such as Adam Smith and J. S. Mill, in calling for a historically and institutionally informed political economy. This article attempts to delineate the evolution of his economic thought by presenting the first phase of his intellectual development, which is marked by his frequent journeys in continental Europe. This phase, which is characterized by his applied political economy, is of considerable importance for understanding the emergence of British historical economics.
{"title":"Thomas Edward Cliffe Leslie's Enthralling Journeys and His Critique of Ricardianism: From Inductive Political Economy to the Emergence of British Historical Economics","authors":"Manolis Manioudis","doi":"10.1215/00182702-10956596","DOIUrl":"https://doi.org/10.1215/00182702-10956596","url":null,"abstract":"Abstract Thomas Edward Cliffe Leslie was one of the founders of British historical economics. He was an important figure in the history of economic thought of the nineteenth century, as he contributed to the critique of Ricardian political economy while at the same time being one of the founders of the British historical school. Cliffe Leslie was influenced by classical economists, such as Adam Smith and J. S. Mill, in calling for a historically and institutionally informed political economy. This article attempts to delineate the evolution of his economic thought by presenting the first phase of his intellectual development, which is marked by his frequent journeys in continental Europe. This phase, which is characterized by his applied political economy, is of considerable importance for understanding the emergence of British historical economics.","PeriodicalId":47043,"journal":{"name":"History of Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135535950","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-27DOI: 10.1215/00182702-10956583
Jesús Astigarraga, Javier Usoz, Juan Zabalza
Abstract In the early nineteenth century, the gradual transformation of Spain's former American territories into new independent republics required redefining their political and economic frameworks. This process demanded economic reforms, policies, and institutional changes based on the ideas of the Enlightenment and liberalism that fueled a transatlantic flow of political and economic ideas from Europe to the new republics. This article examines the crucial contribution of the Spanish economist José Joaquín de Mora to this migration of ideas. His main achievement was an institutional and economic agenda for the Republic of Chile based on classical political economy and adapted to the new republic's economic, political, and social environment. The primary economic growth process, which Mora also considered appropriate for the rest of the newly created American republics, was the result of a long and successive building process, which the research also tackles.
在19世纪早期，西班牙的前美洲领土逐渐转变为新的独立共和国，需要重新定义其政治和经济框架。这一进程要求以启蒙运动和自由主义思想为基础的经济改革、政策和制度变革，这些思想推动了政治和经济思想从欧洲向新兴共和国的跨大西洋流动。本文考察了西班牙经济学家joss Joaquín de Mora对这一思想迁移的重要贡献。他的主要成就是在古典政治经济学的基础上为智利共和国制定了制度和经济议程，并适应了新共和国的经济、政治和社会环境。Mora认为，主要的经济增长过程也适用于其他新成立的美国共和国，这是一个漫长而连续的建设过程的结果，该研究也涉及到这一点。
{"title":"Political Economy for Hispanic America: José Joaquín de Mora as a Bridge between Continents (1825–43)","authors":"Jesús Astigarraga, Javier Usoz, Juan Zabalza","doi":"10.1215/00182702-10956583","DOIUrl":"https://doi.org/10.1215/00182702-10956583","url":null,"abstract":"Abstract In the early nineteenth century, the gradual transformation of Spain's former American territories into new independent republics required redefining their political and economic frameworks. This process demanded economic reforms, policies, and institutional changes based on the ideas of the Enlightenment and liberalism that fueled a transatlantic flow of political and economic ideas from Europe to the new republics. This article examines the crucial contribution of the Spanish economist José Joaquín de Mora to this migration of ideas. His main achievement was an institutional and economic agenda for the Republic of Chile based on classical political economy and adapted to the new republic's economic, political, and social environment. The primary economic growth process, which Mora also considered appropriate for the rest of the newly created American republics, was the result of a long and successive building process, which the research also tackles.","PeriodicalId":47043,"journal":{"name":"History of Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135536150","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-27DOI: 10.1215/00182702-10956635
Sergio Cremaschi
{"title":"The Anthem Companion to David Ricardo","authors":"Sergio Cremaschi","doi":"10.1215/00182702-10956635","DOIUrl":"https://doi.org/10.1215/00182702-10956635","url":null,"abstract":"","PeriodicalId":47043,"journal":{"name":"History of Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135536136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-17DOI: 10.1215/00182702-10875073
Christopher Giles
{"title":"Writing about Economics","authors":"Christopher Giles","doi":"10.1215/00182702-10875073","DOIUrl":"https://doi.org/10.1215/00182702-10875073","url":null,"abstract":"","PeriodicalId":47043,"journal":{"name":"History of Political Economy","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2023-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41708851","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","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：