{"title":"A. C. Pigou and the ‘Real Purpose’ of the 1924-25 Committee on the Currency and Bank of England Note Issues","authors":"Rogério Arthmar, M. McLure","doi":"10.3280/SPE2016-001001","DOIUrl":"https://doi.org/10.3280/SPE2016-001001","url":null,"abstract":"Brian Reddaway has argued that the title for the Committee on the Currency and Bank Notes served as a smokescreen to hide its real purpose of advising the government on Britain’s return to gold. When A. C. Pigou was invited by Sir Otto Niemeyer to serve on that Committee, there was no mention of gold. Only the title of the Committee was mentioned in the letter. The objective of this study is to establish whether Pigou appreciated the real purpose of the Committee or whether he was misled by the title of the Committee that he was invited to serve on.","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"1 1","pages":"5-19"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70146728","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":"Political Economy in the Pseudo-Aristotelian Oeconomica II and the German Cameralist Klock","authors":"B. Schefold","doi":"10.3280/SPE2016-002004","DOIUrl":"https://doi.org/10.3280/SPE2016-002004","url":null,"abstract":"Montchretien was decidedly mercantilist. He praises the ancients, their honour and their self-discipline, but he notes, like Serra, that there was no concept of Political Economy in Antiquity. The words, however, appear for the first time in the pseudoaristotelian Oeconomica II, where the householding by a king, the householding of the governor of a province, the administration of a city (polis) and the household of a private citizen are distinguished; the term applies to the financing of a city economy. The book contains a multitude of prescriptions of how to finance a city by means of varying forms of taxation, gifts, forced loans and by means of manipulating the currency. Especially the latter schemes are of extreme interest for the historian of economic thought, as they reveal a remarkable understanding of metallist and nominalist conception of money. The paper tries to explain the contexts and then goes on to compare these doctrines with cameralism, using the comments published in 1651 by the German cameralist Klock on Oeconomica II. He treats the proposals as if they were made by contemporaries, assessing them from practical and moral points of view in a way that suggests a parallelism of institutions and ideas.","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"1 1","pages":"59-72"},"PeriodicalIF":0.0,"publicationDate":"2016-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70146835","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 Social Market Economy as a Feasible Policy Option for Latin Countries","authors":"M. Resico, S. Solari","doi":"10.3280/SPE2016-002002","DOIUrl":"https://doi.org/10.3280/SPE2016-002002","url":null,"abstract":"The growth model of the German economy draws its guiding theoretical principles from the soziale Marktwirtschaft (SMW) and the seminal work of the German economist Alfred Muller-Armack. The first part of this paper discusses the precise characteristics of German neoliberal theories and the SMW in particular. The second part explores the policy history of Argentina and Italy and the exportability of the SMW to such Latin countries. The relation between countries’ economic structure and the reforms needed to achieve such an economic order is analysed.","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"1 1","pages":"27-52"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70146695","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":"Nation-World: Autarky and Geo-economics in Montchrétien’s Traicté","authors":"Rosario Patalano","doi":"10.3280/SPE2016-002006","DOIUrl":"https://doi.org/10.3280/SPE2016-002006","url":null,"abstract":"In his Traicte de l’oeconomie politique (1615), Antoine de Montchretien proposed a model of development, based on an autarkic economy, formulating analytical and political alternative to increasing integration of world trade, which in the seventeenth century was under Dutch and English hegemony. Montchretien’s response to the problem of world trade integration focused on the establishment of a French colonial empire, completely self-sufficient and closed to international trade. Montchretien proposed an “economic nationalism” connecting politics and the economy, in a perspective that would be called geo-economic, pitting nationalism against globalization to avoid the failure in international trade competition that could threaten the political survival and independence of the country’s national interests. This paper explores the analytical frameworks of Montchretien’s autarkic model, which constitutes an exception in the 17th century literature, which is focused on the idea of commercial supremacy and the gains of trade in a context of international competition.","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"1 1","pages":"85-98"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70146893","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":"Measuring, Evaluating, Planning. The pioneering Italian Institute for the Study of Business Cycle","authors":"Alessandro Dafano","doi":"10.3280/SPE2016-002009","DOIUrl":"https://doi.org/10.3280/SPE2016-002009","url":null,"abstract":"","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"1 1","pages":"141-145"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70146475","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":"Antoine de Montchrestien","authors":"F. Billacois","doi":"10.3280/SPE2016-002003","DOIUrl":"https://doi.org/10.3280/SPE2016-002003","url":null,"abstract":"","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"2 1","pages":"55-58"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70146746","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 Biographical Note on John Bates Clark","authors":"Luciano Messori, Raimondello Orsini","doi":"10.3280/SPE2016-002008","DOIUrl":"https://doi.org/10.3280/SPE2016-002008","url":null,"abstract":"This note reports some information about the life of John Bates Clark which come from an unpublished family history written in 1968 by John Bates Clark’s nephew, Frederick Clark Lyman, the son of his sister Elizabeth Huntington Clark Lyman. This new material and the biographical details are checked and complemented with other sources, in particular Alden H. Clark’s memorial publication written in 1938.","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"41 1","pages":"132-140"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70146936","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":"Montchrétien Founder of Political Economy","authors":"C. Perrotta","doi":"10.3280/SPE2016-002005","DOIUrl":"https://doi.org/10.3280/SPE2016-002005","url":null,"abstract":"Montchretien is still appreciated as a literate and author of tragedies, but is gravely neglected as an economist. His book - Traite de l’economie politique (1615) - is one of the most important expression of mercantilism. Like for the other mercantilists, Montchretien’s main concern was development through the expansion on manufactures, the organisation of the poor for labour, the increase of exportations and a keen economic competition with the other states. Montchretien enriches his arguments by drawing from his immense erudition about far and recent history, mythology and also a detailed and deep knowledge of the social and economic problems of his time. But his most important achievement was the foundation of modern political economy as different from ancient household economy. Contrary to the common conviction that the title of his book was just an unintentional chance, we are set to show that Montchretien was perfectly aware of the main features of the new economic science: management of social wealth in the public interest, growth of social wealth and a general welfare as the main aim, balance between private and public interest. Private interest is the spring of enrichment; its protection is the source of individual rights and of liberty. Public interest must ensure equal rights, welfare and protection of the poor.","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"1 1","pages":"73-84"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70146856","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":"Copernicus and the Quantity Theory of Money","authors":"William VanLear","doi":"10.3280/SPE2015-002001","DOIUrl":"https://doi.org/10.3280/SPE2015-002001","url":null,"abstract":"This paper examines Nicholas Copernicus’ monetary thinking to ascertain whether he is an early expositor of the quantity theory of money. The paper reviews the historical setting of the 1500s, considers the history of economic thought that pertains to the quantity theory of money, and considers prior translations and interpretations of Copernicus’ manuscript \"On the Minting of Money\" with our own translation. The paper finds that Copernicus’ monetary thinking is noteworthy for associating monetary policy instability with various economic effects, but he is not a quantity theorist or an advocate of policy positions associated with quantity theorists.","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"1 1","pages":"5-20"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70146107","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 Shaping of Incomes Policy in the Eighties. The Contribution of Ezio Tarantelli","authors":"Giovanni Michelagnoli","doi":"10.3280/SPE2015-002003","DOIUrl":"https://doi.org/10.3280/SPE2015-002003","url":null,"abstract":"This paper aims at providing some historiographical perspectives on the shaping of incomes policies in Italy in the eighties. It chiefly takes into account the contribution of the economist Ezio Tarantelli and his innovative approach to the accomplishment of the economic policy in Italy. The paper will eventually focus on how the potential benefits underlying the policies he supported can actually be considered a mislaid opportunity.","PeriodicalId":40401,"journal":{"name":"History of Economic Thought and Policy","volume":"2 1","pages":"37-56"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70146214","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}