{"title":"Note from the Editors","authors":"Geoffrey Brooke, Tony Endres","doi":"10.1080/10370196.2021.1996060","DOIUrl":"https://doi.org/10.1080/10370196.2021.1996060","url":null,"abstract":"","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133479994","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":"The Gypsy Economist. The Life and Times of Colin Clark","authors":"W. Coleman","doi":"10.1080/10370196.2021.1964192","DOIUrl":"https://doi.org/10.1080/10370196.2021.1964192","url":null,"abstract":"Colin Clark is one of the more puzzling – and frustrating! – figures in the history of twentieth-century economics. This perplexing figure’s life and works have now been the object of an assiduously researched study by Alex Millmow. This biographer acquits himself well, but the present reader is left only slightly less puzzled, and only somewhat more interested, in Colin Clark. Clark was born in 1905 to a Scottish jam manufacturer, who, although living in Plymouth, liked to dress young Colin in a kilt on Sundays. Schooled on a scholarship to Winchester College, Clark read chemistry at Brasenose College, Oxford. On graduation, politics beckoned keenly, and Clark stood as a Labour candidate in the general elections of 1929, 1931 and 1935. By then Keynes’s data man, and under the wing of Hugh Dalton, Clark was well-positioned to stand again for the House of Commons in 1945, win, and enjoy a career similar to that of his fellow Wykehamist-economist-Labourites Richard Crossman and Hugh Gaitskell. Instead, in 1937 he emigrated to Australia, denounced Fabianism as a ‘cranky religious movement’, became a Catholic, adopted an ‘agrarian’ and ‘natalist’ policy outlook, and devoted his time to wide-ranging statistical studies, which both stimulated by their contentiousness and irritated by their carelessness. In postwar Australia, no longer Keynes’s little Mercury winging the precious message to a distant satellite, but now the economic adjunct of B. A. Santamaria, Clark could not obtain academic employment. But thanks to the suggestion of Walter Oakeshott, the medievalist, he secured appointment as director of Oxford’s Agricultural Economics Research Institute. On his return to Oxford, ‘many of his old friends and mentors, Dalton, Jay, Gaitskell ... could not comprehend the enormous ideological change in him’ (214). Rather like Glanvill’s Gypsy Scholar three centuries before, his old ‘friends enquire[d] how he came to lead so odd a life as that was, and to join himself with such a cheating beggarly company’. Finding the Institute ‘intellectually stultifying’, Clark gladly became an honorary research fellow at Monash University, and there seemed to finally find a cheerful perch. Three questions loom.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123318841","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":"A. J. Brown and the US Phillips Curve: A Comment","authors":"K. Button","doi":"10.1080/10370196.2021.1950385","DOIUrl":"https://doi.org/10.1080/10370196.2021.1950385","url":null,"abstract":"Abstract Several recent papers have focused on Paul Samuelson and Robert Solow’s 1960 article applying the Phillips curve to the US. These interactions have been partly technical in nature, but have also involved discussion of the use of the curve in US policy making and its interpretation. The attention here is on the contribution of Samuelson and Solow’s work in light of prior analysis of the US situation by the English economist A. J. Brown. Much of what Samuelson and Solow argue was already understood by Brown, and his empirical analysis was at least as insightful as theirs.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"89 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133516299","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":"Marx’s Forgotten Transformation Solution: The Transformation of Values into Prices of Production in Marx’s Grundrisse and Maksakovsky’s The Capitalist Cycle","authors":"William Jefferies","doi":"10.1080/10370196.2021.1952004","DOIUrl":"https://doi.org/10.1080/10370196.2021.1952004","url":null,"abstract":"Abstract This article explains that in the Grundrisse Marx considered that the discontinuity in his transformation procedure was no logical inconsistency, but a necessary feature of the disproportionate transition to capitalist production dominated by the accumulation of fixed capital. Pavel Maksakovsky, a Soviet Red Professor in the 1920s, developed a theory of ‘conjuncture’ which probably discovered this discontinuity independently. Marx’s solution to the transformation problem in Capital III did not emphasize this discontinuity. It was criticized by von Bortkiewicz as mathematically flawed and so logically inconsistent and false. Marx and Maksakovsky showed that the discontinuity was a necessary part of the transition from values to prices of production. This explanation has been almost totally ignored in the debate on the transformation problem.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"62 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130400108","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":"New Perspectives on Political Economy and Its History","authors":"T. Aspromourgos","doi":"10.1007/978-3-030-42925-6","DOIUrl":"https://doi.org/10.1007/978-3-030-42925-6","url":null,"abstract":"","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117032870","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":"Piketty’s Law Is Pareto’s Law: ‘Bad Faith’ in the Analysis of Income Inequality?","authors":"Jill Trinh, M. McLure","doi":"10.1080/10370196.2021.1949171","DOIUrl":"https://doi.org/10.1080/10370196.2021.1949171","url":null,"abstract":"Abstract On the face of it, Pareto’s law and Piketty’s law are inconsistent, with Pareto arguing that real per capita economic growth is the solution to the problem of income inequality and Piketty arguing for redistribution to be funded from a wealth tax. In this paper we make three contributions. First, we establish that Piketty’s and Pareto’s laws are essentially the same economic law when the same definition of inequality is adopted by the two scholars. Second, in highlighting the relationship between Pareto’s α and Piketty’s is monotonic, we show that Piketty’s criticism of Pareto for assuming a constant α across the income range would also apply in similar measure to his own law. Third, given the essential equivalence of Pareto’s law and Piketty’s law, we reflect on Piketty’s curious accusation that Pareto undertook his analysis of the relationship between α and inequality in ‘bad faith’.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"116 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128074337","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":"Milton’s Paradise Lost and Malthus’s An Essay on the Principle of Population: A Neglected Intertextuality","authors":"Nobuhiko Nakazawa, Yoshifumi Ozawa","doi":"10.1080/10370196.2021.1948734","DOIUrl":"https://doi.org/10.1080/10370196.2021.1948734","url":null,"abstract":"Abstract In An Essay on the Principle of Population, Malthus quotes from Milton’s Paradise Lost, but since the quotation is merely a single line, and because there is neither explanation of its context nor mention of the sourced author or work, it has rarely attracted much scholarly attention. However, as this quotation was included in the first edition and persisted to the sixth edition of An Essay on the Principle of Population, it seems to be of some import. In this paper, with this citation as a clue, we will examine the intertextuality between Paradise Lost and An Essay on the Principle of Population and show the possibility that the former provided not insignificant inspiration for the latter.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129223219","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":"Ludwig Hamburger (1890–1968): From Relaxation Oscillations to Business Cycles","authors":"Franck Jovanovic","doi":"10.1080/10370196.2021.1949533","DOIUrl":"https://doi.org/10.1080/10370196.2021.1949533","url":null,"abstract":"Abstract Several authors have been interested in Ludwig Hamburger’s attempt to analyse business cycles with a nonlinear endogenous model in the early 1930s. Indeed, Hamburger was one of the first, if not the first, to suggest applying Van der Pol’s relaxation oscillations to business cycles. Ragnar Frisch was interested in his work when he was working on his 1933 seminal paper on a propagation-impulse model, in which we find some references to this suggestion. Despite the interest in Hamburger’s work, the breadth, scope and impact of his works remain unknown and misunderstood, for both historians of economics and sciences. Moreover, several errors, such as the reason why Hamburger did not continue his original work in economics, exist in the economic literature concerning this author and the diffusion of his work in economics. The present work provides a biography of Ludwig Hamburger and corrects the errors we find in the literature. It also sheds new light on the origins of his attempt to analyse business cycles with a nonlinear endogenous model.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"154 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115758960","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":"F.A. Hayek: Economics, Political Economy and Social Philosophy","authors":"J. King","doi":"10.1080/10370196.2021.1883367","DOIUrl":"https://doi.org/10.1080/10370196.2021.1883367","url":null,"abstract":"1910s, with the main focus being on his theory of population. His Essay was mentioned in the writings of some Japanese scholars in the 1880s. The earliest commentary in Japan on the Principles is thought to have been published in 1885, and a detailed study of the Principles was published in 1912 (412). Malthus’s ideas on population appeared in Japanese textbooks and novels in the late years of the nineteenth century. His ideas on population were used in support of internal and overseas migration designed to relieve population pressure in Japan due to its limited supply of land. There were ideological controversies between scholars who favoured Marxist policies and those who sought class harmony through social policy (440). Controversies persist today, as can be seen in the publications of Japanese scholars and in Japanese journals and conferences of societies specializing in the study of Malthus, Ricardo, and other areas of the history of economic thought. A necessarily brief review cannot possibly do justice to the wealth of information contained in a book that is a tribute to the immense research effort of its contributors. It will undoubtedly become a valuable source of information in the history of economic thought, and will surely stimulate discussion and controversy in the interpretation and assessment of Malthus’s economics.","PeriodicalId":143586,"journal":{"name":"History of Economics Review","volume":"5 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":"127312021","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}