History of Economic Thought and Policy最新文献_第7页

Finance, a New Old Science 金融，一门新旧的科学

History of Economic Thought and Policy Pub Date : 2019-01-01 DOI: 10.3280/SPE2018-002004

M. E. Mata, J. Costa, D. Justino

引用次数: 0

Why the Keynes-Hayek Macro Debate Cannot be won by either Side 为什么凯恩斯-哈耶克宏观辩论双方都无法获胜

History of Economic Thought and Policy Pub Date : 2019-01-01 DOI: 10.3280/SPE2018-002006

Alexandru Pătruți

引用次数: 1

Stateless Money and State Power: Europe as ordoliberal Ordnungsgefüge 无国籍货币与国家权力:作为自由主义秩序的欧洲

History of Economic Thought and Policy Pub Date : 2018-06-04 DOI: 10.3280/SPE2018-001001.

W. Bonefeld

引用次数: 4

Productivity: a history of its measurement 生产力:衡量生产力的历史

History of Economic Thought and Policy Pub Date : 2018-05-01 DOI: 10.3280/SPE2018-001003

M. Abbott

引用次数: 4

Between Enthusiasm and Skepticism: Bulgarian Economists and Europe (1878-1944) 在热情与怀疑之间:保加利亚经济学家与欧洲(1878-1944)

History of Economic Thought and Policy Pub Date : 2018-05-01 DOI: 10.3280/spe2018-001002

N. Nenovsky, Pencho D. Penchev

{"title":"Between Enthusiasm and Skepticism: Bulgarian Economists and Europe (1878-1944)","authors":"N. Nenovsky, Pencho D. Penchev","doi":"10.3280/spe2018-001002","DOIUrl":"https://doi.org/10.3280/spe2018-001002","url":null,"abstract":"In this article, we present the discussions of Bulgarian economists as regards the strategic development opportunities of the Balkans and Bulgaria in particular within Europe. We focus on the integration efforts of Bulgaria within an economic unit larger than national market during the decades of the so-called first Bulgarian capitalism. Those are the years since the Liberation of Bulgaria from the Ottoman rule in 1878 to the forced imposition of the Communist regime in 1944. The public expenditures on bureaucracy, army, foreign policy etc. increased after Bulgaria’s Liberation. The integration efforts on Bulgarian side were an attempt to ameliorate some negative consequences of the lost \"public goods\" of being part of the Ottoman Empire. This was the main source of the Bulgarian economists’ pro-European enthusiasm. However, the enthusiasm was combined with skepticism. The main fuel of skepticism came from the fear that industrially developed countries of Central and Western Europe would not allow the industrialization or modernization of the Bulgarian economy. The presentation follows the historical stages of development of the Bulgarian economy and society. It starts from the late pre-liberation era goes through the late 19th and early 20th-century ideas for Balkan economic integration, the World War I, and the Great Depression effects, and finishes with the Second World War.","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"1 1","pages":"27-55"},"PeriodicalIF":0.0,"publicationDate":"2018-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42982236","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

Between Ricardo and Wagner: A Case Study on the History of Banking Legislation (1876-1879) 李嘉图与瓦格纳之间:银行立法史个案研究(1876-1879)

History of Economic Thought and Policy Pub Date : 2018-05-01 DOI: 10.3280/SPE2018-001004

A. Bruna

{"title":"Between Ricardo and Wagner: A Case Study on the History of Banking Legislation (1876-1879)","authors":"A. Bruna","doi":"10.3280/SPE2018-001004","DOIUrl":"https://doi.org/10.3280/SPE2018-001004","url":null,"abstract":"This paper provides a case history of the attempt by the first Italian left-wing government to regulate the banks’ issue system in the second half of the 19th century. From the point of view of banking policy, behind the gradualist approach to institutional changes lay an \"eclectic\" theory on the value of money between Ricardo and Wagner, which also characterized the action of the Minister of Economy Majorana in the first three years of the left-wing Government. The \"middle way\" favored by the Minister for banking regulation was largely inspired by the financial policy developed by Chase, Secretary of the Treasury in President Lincoln’s cabinet, during the American Civil War. These measures formed a model of \"moderate\" free banking, in the balance between hard and soft money, between the money issued by the State and that produced by private banks, and indeed between decentralization and centralization of the monetary institutions. This policy proved able to unify the currency in the Union on a permanent basis, appropriate to control the very strong inflationary pressures triggered by military spending, also financed by issue of greenbacks, but, above all, opportune to create a market for government bonds. In the case of Italy, examined here, regulatory response proved ineffective due both to the many changes that had been made to the project during parliamentary approval, severely compromising the rationality and consistency of Majorana’s original project, and to the failure to implement it. The insufficient legislation introduced was not able to stem the banking crisis, which became systemic in the early1890s.","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"1 1","pages":"81-97"},"PeriodicalIF":0.0,"publicationDate":"2018-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43486283","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

Paul van Zeeland and the First Decade of the US Federal Reserve System: the Analysis from a European Central Banker who was a Student of Kemmerer Paul van Zeeland与美国联邦储备系统的第一个十年——来自凯默勒学生时期的欧洲央行行长的分析

History of Economic Thought and Policy Pub Date : 2018-03-01 DOI: 10.3280/SPE2018-002001

I. Maes, Rebeca Gomez Betancourt

{"title":"Paul van Zeeland and the First Decade of the US Federal Reserve System: the Analysis from a European Central Banker who was a Student of Kemmerer","authors":"I. Maes, Rebeca Gomez Betancourt","doi":"10.3280/SPE2018-002001","DOIUrl":"https://doi.org/10.3280/SPE2018-002001","url":null,"abstract":"The establishment of a central bank occurred at very different moments in the process of economic integration in the United States and the European Union. In this paper, we go into the first years of the Federal Reserve System through the lens of Paul van Zeeland’s PhD dissertation. Paul van Zeeland (1893-1973) became the first Head of the Economics Service of the National Bank of Belgium in 1921, after his studies in Princeton with Edwin Walter Kemmerer. There are clear similarities in their analyses of the Federal Reserve System, for instance in their adherence to the gold standard and the real bills doctrine as well as in their emphasis on the elasticity of the money supply. Moreover, they shared a view - with hindsight a rather naive view - that with the Fed in place, financial crises would be a distant memory. However, there were also important differences. So, van Zeeland, like several other economists as Warburg, accorded greater significance to the discount market (a key factor for the international role of the dollar) and to a stronger centralization of the Fed (which would be taken up in the 1935 Banking Act). Moreover, very specific for van Zeeland is the importance given to the Fed's independence from the State (an element related to his continental European background and Belgium's experience of monetary financing during the war).","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48831401","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: 6

Centro Europa Ricerche from its foundation to the end of the ‘First Republic’ 从它的建立到“第一共和国”的结束

History of Economic Thought and Policy Pub Date : 2017-10-01 DOI: 10.3280/SPE2017-002005

C. Cristiano

{"title":"Centro Europa Ricerche from its foundation to the end of the ‘First Republic’","authors":"C. Cristiano","doi":"10.3280/SPE2017-002005","DOIUrl":"https://doi.org/10.3280/SPE2017-002005","url":null,"abstract":"The Centro Europa Ricerche (CER) was created in Rome in 1981 by Giorgio Ruffolo in collaboration with Antonio Pedone, Luigi Spaventa and a few others. Although very close to the Partito Socialista Italiano (PSI), CER was frequently very critical of the governments in which the PSI took part. While supporting successive reforms of the scala mobile, CER was highly critical of the budgetary policy, with a rapid shift of emphasis from the insufficient and unequal revenues to the need for structural spending cuts from 1983 onwards. Parallel to this ran the analysis of Italian industries and their outlook. While pointing to slow growth of productivity and scant innovation as the main problems of Italian industry, CER lamented the lack of an industrial policy and did not share the Bank of Italy view on the effects of the central bank exchange rate management within the EMS. While the central bank considered it possible to stimulate organisational and technological innovation by means of an overvalued lira, CER denounced the negative effects of this policy on employment. At a later stage, CER also began to view the growing size of the tertiary sector with increasing concern. The situation emerging at the end of the 1980s was that workers laid off from the exporting sectors were finding employment in the less competitive tertiary sector, thus producing an upward pressure on prices which generated inflation and reduced the competitiveness of the entire economy. In response to this, CER proposed several reforms. The reforms proposed, and the arguments supporting them, to some extent anticipated the kind of reformism that would prevail at a later stage, when Italy decided to enter the EMU. However, the kind of reformism proposed at CER from 1982 to 1992 was not based on the idea that an external constraint ought to be imposed on a recalcitrant country. What CER was proposing was an autonomous process of reform, opposed to any external constraint a la Maastricht.","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"356 ","pages":"83-102"},"PeriodicalIF":0.0,"publicationDate":"2017-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41311886","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: 1

Economic expertise and policy beliefs - The think tanks of the Italian economy from the social conflict of the 1970s to the Maastricht Treaty 经济专业知识和政策信念-意大利经济智囊团从20世纪70年代的社会冲突到马斯特里赫特条约

History of Economic Thought and Policy Pub Date : 2017-10-01 DOI: 10.3280/SPE2017-002001

P. Bini

{"title":"Economic expertise and policy beliefs - The think tanks of the Italian economy from the social conflict of the 1970s to the Maastricht Treaty","authors":"P. Bini","doi":"10.3280/SPE2017-002001","DOIUrl":"https://doi.org/10.3280/SPE2017-002001","url":null,"abstract":"This paper explores the activities of five think tanks at work on the Italian economy during the 1970s and 1980s. They are: Cespe (Economic Policy Research Centre) and Csc (the research departement of the Confederation of Italian Industries) in the second half of the 1970s; Ceep (Economic Policy Study Center) from 1973 to 1992; Cer (Research Europe Center) from 1981 to 1992; Isel (Labour Economic Studies Institute) from 1981 to 1985. Based on the experience of these study centres, the paper considers some leading topics in the think tank’s literature, such as 1) the relationship between knowledge and power; 2) the challenging and problematic path between the economic expertise and the aspiration to influence the policy-making. In particular, the study-cases analysed show a variety of nexus between knowledge and policy, in some cases of a conflictual nature, in others of a dialectical nature, and in yet others legitimising one another. As a consequence of this focus on these 5 think tanks, some major issues of the Italian economy of that time are also brought to the attention of the reader: the ways then adopted to escape from inflation; the inability of the ruling powers to address the crisis of public finance and the soaring public debt; and the great uncertainty about the effectiveness of the quantitative parameters of the Maastricht Treaty in providing an appropriate solution for Italy. In general, the paper provides some reflections on the different guises in which economics seeks a place in public discourse.","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"1 1","pages":"5-23"},"PeriodicalIF":0.0,"publicationDate":"2017-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43311278","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: 2

Tough Times for an Italian Think Tank - The "Economic Policy Study Centre" (Ceep) from its foundation to the end of the First Republic (1973-1992) 意大利智库的艰难时期——从成立到第一共和国结束的“经济政策研究中心”（Ceep）（1973年至1992年）

History of Economic Thought and Policy Pub Date : 2017-10-01 DOI: 10.3280/SPE2017-002004

P. Bini

引用次数: 1