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The “Whig Historian” on Adam Smith: Paul Samuelson's Canonical Classical Model “辉格党历史学家”论亚当·斯密:保罗·萨缪尔森的经典模型
History of Economics Society Bulletin Pub Date : 1988-03-01 DOI: 10.1017/S1042771600005433
Cigdem Kurdas
{"title":"The “Whig Historian” on Adam Smith: Paul Samuelson's Canonical Classical Model","authors":"Cigdem Kurdas","doi":"10.1017/S1042771600005433","DOIUrl":"https://doi.org/10.1017/S1042771600005433","url":null,"abstract":"Facts, the historian E.H. Carr argued, are like fish in a vast ocean: what one catches to a large extent depends on where one chooses to fish and on the kind of tackle one uses. Professor Paul Samuelson has offered (HES Bulletin, Fall 1987) a prescription for stimulating demand for history of economics. He proposes “that history of economics more purposefully reorient itself toward studying the past from the standpoint of the present state of economic science. To use a pejorative term unpejoratively, I am suggesting Whig Economic History of Economic Analysis.” (Samuelson 1987: 52) Samuelson promises that fishing with the tackle of present-day theory will catch commercially attractive historical fish and illustrates this approach with his own work in history of economics.","PeriodicalId":123974,"journal":{"name":"History of Economics Society Bulletin","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1988-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127637180","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}
引用次数: 12
History of Economics Society 15th Annual Meeting: Trinity College – University of Toronto June 19–21, 1988 经济学史学会第15届年会:多伦多大学三一学院，1988年6月19-21日
History of Economics Society Bulletin Pub Date : 1988-03-01 DOI: 10.1017/S1042771600005524
D. Moggridge
{"title":"History of Economics Society 15th Annual Meeting: Trinity College – University of Toronto June 19–21, 1988","authors":"D. Moggridge","doi":"10.1017/S1042771600005524","DOIUrl":"https://doi.org/10.1017/S1042771600005524","url":null,"abstract":"9 10:45 am SESSION A-l Marx and his Successors M.C. Howard (Waterloo) and J.E. King (Lanscaster), \"Russian Revisionism and the Development of Marxian Political Economy, 1890-1929\" Z.B. Orzech (Oregon State) and S. Groll (Haifa), \"Marx's Composition of Capital: A Critical Reexamination of some of the Theories\" B. Norton (Wellesley), \"The Marxian New Classicism: Accumulation and in the Theory of Monopoly Capitalism\" I. Steedman (Manchester), \"P. H. Wicksteed's Jevonian Critique of Marx\"","PeriodicalId":123974,"journal":{"name":"History of Economics Society Bulletin","volume":"94 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1988-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131773887","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}
引用次数: 0
Schumpeter's Treatment of Samuelson 熊彼特对萨缪尔森的论述
History of Economics Society Bulletin Pub Date : 1988-03-01 DOI: 10.1017/S1042771600005445
W. Samuels
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引用次数: 1
The Role of Money in Keynes' Treatise Credit Market Model 货币在凯恩斯论信贷市场模型中的作用
History of Economics Society Bulletin Pub Date : 1988-03-01 DOI: 10.1017/S1042771600005457
Michael J. Gootzeit
{"title":"The Role of Money in Keynes' Treatise Credit Market Model","authors":"Michael J. Gootzeit","doi":"10.1017/S1042771600005457","DOIUrl":"https://doi.org/10.1017/S1042771600005457","url":null,"abstract":"Keynes' Treatise on Money was used to describe his ideas on the credit market. This was the market where equilibrium determines the rate of interest. The supply of credit, or loanable funds, was set equal to the demand for credit; variations in the interest rate were explained by shifts in these functions. Most of Keynes' early interest theories were short run; they were developed in relation to his theory of the credit cycle; he was attempting to explain why the interest rate would vary during a “slump” or an “expansion” of the economy. Some of Keynes' interest theory was also developed in relation to his attempt to rationalize Gibson's Paradox (GP), that prices and interest rates move in the same direction over time. This was Keynes' long run theory of interest.","PeriodicalId":123974,"journal":{"name":"History of Economics Society Bulletin","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1988-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131181725","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}
引用次数: 0
Johann Heinrich von Thünen's Masterpiece: A Misleading Title on two Counts 约翰·海因里希·冯·塞内恩的杰作:两个误导性的标题
History of Economics Society Bulletin Pub Date : 1988-03-01 DOI: 10.1017/S1042771600005494
Horst Claus Recktenwald
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引用次数: 0
Royall Brandis on Marx's “Corollary” 罗亚尔·布兰迪斯论马克思的“推论”
History of Economics Society Bulletin Pub Date : 1987-12-01 DOI: 10.1017/S1042771600001320
J. Henry
{"title":"Royall Brandis on Marx's “Corollary”","authors":"J. Henry","doi":"10.1017/S1042771600001320","DOIUrl":"https://doi.org/10.1017/S1042771600001320","url":null,"abstract":"In the Winter. 1986 issue of Tlie Bulletin, Royall Brandis raises what he considers to be a fundamental criticism of Marx's theory of value which ostensibly invalidates the whole of Capital. The argument is comprised of two parts. First, in the determination of exchange values, Marx's corollary (Brandis' term) states that \" . . . two things which arc equal to each other must be equal to a third thing. But, of course, there is no necessity for a third thing even to exist in order that two things must be equal to each other.\" (Brandis, p. 53). Second, in the determination of the basis of exchange (the third \"thing\"), Marx proceeds through a process of elimination by which labor turns up as the preferred candidate, merely because Marx believes this to be the case (and. thus, left labor as the last item on the agenda of possible candidates to be considered). With regard to the first point, Professor Brandis would be correct if Marx were presenting a purely arithmetic argument: 2=1 + 1 . Obviously, in such an equation, one need not search for a common denominator into which both sides of the equation must be cast. But this is not the case. Marx is dealing with the determination of the exchange values of real commodities, not abstract numbers. And in the former, a third \"thing\" is required in order to reduce commodities to a common substance which can then serve to render intelligible the exchange relationship itself. Note that if one were to plug actual commodities into the above arithmetic equality, the resultant would make no sense whatsoever: 2 apples = I orange + 1 orange. To make sense of the statement, one requires a standard, a criterion, by which both apples and oranges can be reduced to a single unit of measurement: 8 ounces of apples = 4 ounces + 4 ounces of oranges, (or, 8 ounces = 8 ounces). That is, apples and oranges, to be equal to each other, must be equal to a third thing.","PeriodicalId":123974,"journal":{"name":"History of Economics Society Bulletin","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1987-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122791224","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}
引用次数: 0
“Poor Richard” on Money: Benjamin Franklin in Monetary History “穷理查德”论货币:本杰明·富兰克林在货币史上的地位
History of Economics Society Bulletin Pub Date : 1987-12-01 DOI: 10.1017/S1042771600001289
William F. Hixson
{"title":"“Poor Richard” on Money: Benjamin Franklin in Monetary History","authors":"William F. Hixson","doi":"10.1017/S1042771600001289","DOIUrl":"https://doi.org/10.1017/S1042771600001289","url":null,"abstract":"The Mercantilists recognized at an early date that a nation on a gold or silver money standard and without domestic mines necessarily had to have, as a prime objective, the achievement of a favorable balance of international trade. That is to say, they recognized that for the nation to be prosperous a necessary (not sufficient) condition was a steadily growing aggregate demand and that a prerequisite for growing aggregate demand was a steadily growing circulating medium. One might say the Mercantilists \"sensed\" these relationships rather than that they fully understood them, and, in fact, they never expressed them in this terminology.","PeriodicalId":123974,"journal":{"name":"History of Economics Society Bulletin","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1987-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122376681","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}
引用次数: 0
The Warburton Collection at George Mason 乔治梅森的沃伯顿收藏
History of Economics Society Bulletin Pub Date : 1987-12-01 DOI: 10.1017/S1042771600001290
J. Dorn
{"title":"The Warburton Collection at George Mason","authors":"J. Dorn","doi":"10.1017/S1042771600001290","DOIUrl":"https://doi.org/10.1017/S1042771600001290","url":null,"abstract":"Clark Warburton (1896-1976) was a pioneer in the field of monetary economics. His lifework is well preserved in the Warburton Collection at George Mason University. The collection is stored in 117 document boxes in the special collections room of Fenwick Library and is accessible by use of a locator index. After Warburton's death on 18 September 1979, Leland Yeager was asked by the family to make an initial listing of the materials that were to form the first deposit of some 80 boxes to the Warburton Collection. On 29 September and 2 October. Yeager visited Warburton's home in McLean, Virginia, and took an inventory of the many files and boxes of papers Clark Warburton left behind. And on 20 October 1979, Peter Warburton — after having discussed the matter with Bill Snavely, Karen Vaughn, and Jim Bennett of the economics department at GMU and other interested parties -wrote Yeager requesting that his father's papers be deposited at George Mason:","PeriodicalId":123974,"journal":{"name":"History of Economics Society Bulletin","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1987-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127378146","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}
引用次数: 0
Economics, History and HOPE 经济，历史和希望
History of Economics Society Bulletin Pub Date : 1987-12-01 DOI: 10.1017/S1042771600001253
A. Coats
{"title":"Economics, History and HOPE","authors":"A. Coats","doi":"10.1017/S1042771600001253","DOIUrl":"https://doi.org/10.1017/S1042771600001253","url":null,"abstract":"Though nominally an economic and social historian for most of my academic career the, history of economics has always been my real intellectual haven, and I cannot refrain from saying how privileged 1 feel to have been President of this Society — small though we are amid the great national and multinational conglomerates. Moreover, that sentiment is all the more pure and unalloyed now that the arduous task of organizing the annual meeting is well behind me.","PeriodicalId":123974,"journal":{"name":"History of Economics Society Bulletin","volume":"255 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1987-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114340424","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}
引用次数: 4
Is Mandeville Useful Today? A Comment 曼德维尔今天有用吗?一个评论
History of Economics Society Bulletin Pub Date : 1987-12-01 DOI: 10.1017/S1042771600001319
D. Levy
{"title":"Is Mandeville Useful Today? A Comment","authors":"D. Levy","doi":"10.1017/S1042771600001319","DOIUrl":"https://doi.org/10.1017/S1042771600001319","url":null,"abstract":"Art Diamond 1985 gives quantitative teeth to George Stigler's 1969 pessimism about learning much modern economics from the past. Let me set the issue up in a more general context where we might not be so emotionally involved. Seeking truth can be looked upon as an ore extraction problem where the miner has a choice of mines to explore. There are two important constraints in this setup: there are only 24 hours in a day and we do not know for certain what the quality of any mine will be until after we explore it. What signals in this problem can be used to guide us towards an optimal time use? Suppose we were faced with two old mines, one which could be employed without cost and one for which the owner charged a rental fee. If we assume that the mines are in competitive equilibrium then might not we be able to use the fact that access to one mine is free to be a signal that it is panned out? Conversely, the fact that others are willing to pay for access to another mine is a signal that it has valuable ore to be extracted.","PeriodicalId":123974,"journal":{"name":"History of Economics Society Bulletin","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1987-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116442907","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}
引用次数: 0
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