{"title":"Elizabeth Popp Berman, Thinking like an Economist: How Efficiency Replaced Equality in U.S. Public Policy (Princeton and Oxford: Princeton University Press, 2022), pp. x, 329, $35 (hardcover). ISBN: 9780691167381. doi: 10.2307/j.ctv1vtz8n7.","authors":"P. Fontaine","doi":"10.1017/S1053837222000554","DOIUrl":"https://doi.org/10.1017/S1053837222000554","url":null,"abstract":"","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":"45 1","pages":"520 - 523"},"PeriodicalIF":0.9,"publicationDate":"2023-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42844290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Peter Galbács, The Friedman-Lucas Transition in Macroeconomics: A Structuralist Approach (Cambridge, MA: Academic Press, 2020), pp. xix + 377, $75 (paperback). ISBN: 9780128165652.","authors":"M. Boumans","doi":"10.1017/S1053837222000402","DOIUrl":"https://doi.org/10.1017/S1053837222000402","url":null,"abstract":"","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":"45 1","pages":"535 - 537"},"PeriodicalIF":0.9,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42075322","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Keith Tribe, Constructing Economic Science: The Invention of a Discipline 1850–1950, Oxford Studies in the History of Economics (Oxford: Oxford University Press, 2022), pp. 440, $99 (hardcover). ISBN: 9780190491741.","authors":"Emily Erikson","doi":"10.1017/s1053837222000621","DOIUrl":"https://doi.org/10.1017/s1053837222000621","url":null,"abstract":"","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":"45 1","pages":"363 - 365"},"PeriodicalIF":0.9,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43443177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"ADAM SMITH ON PUBLIC PROVISION OF EDUCATION","authors":"James R. Otteson","doi":"10.1017/S1053837222000645","DOIUrl":"https://doi.org/10.1017/S1053837222000645","url":null,"abstract":"Most Adam Smith scholars hold that Smith endorsed public provision of education to offset deleterious consequences arising from the division of labor. Smith’s putative endorsement of publicly funded education is taken by some scholars as evidence that he tends more toward progressive than classical liberalism, or that this is a departure from, perhaps an inconsistency with, Smith’s otherwise strong presumption against government intervention in markets. This paper argues that these interpretations are flawed because Smith ultimately does not advocate public provision of education. He raises the idea and explores its potential benefits, but he ultimately does not endorse it. Smith also provides reason to be skeptical of public provision of education, which suggests that his final position may have inclined against it.","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":"45 1","pages":"229 - 248"},"PeriodicalIF":0.9,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45269091","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Jacob Soll, Free Market: The History of an Idea (New York: Basic Books, 2022), pp. 336, $32 (hardcover); $18.99 (ebook). ISBN: 9780465049707 (hardcover).","authors":"C. Wennerlind","doi":"10.1017/s105383722200061x","DOIUrl":"https://doi.org/10.1017/s105383722200061x","url":null,"abstract":"","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":"45 1","pages":"365 - 366"},"PeriodicalIF":0.9,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48526658","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"John L. Campbell and John A. Hall, What Capitalism Needs: Forgotten Lessons of Great Economists (Cambridge: Cambridge University Press, 2021), pp. 299, $28.95 (hardcover). ISBN: 9781108487825.","authors":"Ola Innset","doi":"10.1017/S1053837222000220","DOIUrl":"https://doi.org/10.1017/S1053837222000220","url":null,"abstract":"Marshallianism. The othermain idea of the author is related to the consequences of themigration of the most important economists of the time fromEurope to the United States. That migration, which occurred in the 1930s, due to thewell-known political circumstances, had de facto determined a process of theoretical “colonialism,” which had a double effect: on one side, it unified the American economic thought, and, on the other side, it shaped the present mainstream economics. I guess that this process likely will be described in the following Volume III. The combination of these two ideas is a key point for the community of historians of economics. By following Marchionatti’s suggestion, we might consider whether the origin of the present mainstream economics is truly a process of deconstruction and rebuilding of Marshallianism under the American eyes, or whether it has a more complicated origin that cannot ignore the complexity of the economic theory that spread between the two sides of the pond up to 1945 and that should be described in a more sophisticated way. Furthermore, as historians of economic ideas, shall we subscribe to the author’s “Eurocentric” vision? Or shall we make some distinctions that include the peculiarity of American economic thought? These questions remain open, and Volume III will likely help readers to add further relevant elements in order to discuss them and maybe to find some plausible answers as well as to address new ones to the community of historians of economics. Hence, we praise Marchionatti’s efforts and insights and acknowledge him for giving us this opportunity for an open discussion on these fundamental aspects of the history of economics.","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":"45 1","pages":"174 - 177"},"PeriodicalIF":0.9,"publicationDate":"2023-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48953864","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"LETTER TO THE EDITOR: WAS SMITH A STAGE THEORIST? A RESPONSE TO AHIAKPOR","authors":"M. Paganelli","doi":"10.1017/S105383722200030X","DOIUrl":"https://doi.org/10.1017/S105383722200030X","url":null,"abstract":"James Ahiakpor claims I am incorrect in my reading of Adam Smith when I suggest that Smith may not endorse, or may even reject, a four stages of development model, given his absence of historical example of any country that developed following the four stages, but rather that his descriptions of different stages look more like a taxonomy to describe different types of societies. I very much appreciate the time and energy Ahiakpor put on my work and I have no qualm about his reading of my paper. Since I was asked to reply to his detailed comments, I will. But only in a general, methodological, way. The beauty ofAdamSmith’s works, inmy view, is their complexity and theirmultiple shades. I do not see Smith as a black and white writer but as someone who sees the gray areas. And his focus on the gray may be what allows centuries of debates andmultiple, if not contradicting, interpretations. The way I see Smith is that he is aware of the complexity of economic phenomena, which may very well have multiple and possibly unknown causes and explanations. The role of the “philosopher,” or social scientist, is to try to understand and elaborate them. But trying to understand them does not necessarily imply finding the one and only truth behind them, which, for Smith, may not be available to us, or not even be there. As Smith tells us in his History of Astronomy, we want to connect the dots, we want to come up with an explanation for things that happen around us. But there are different ways of connecting the same dots. And there may even be different dots to connect. And so, differently from THE Theory of Moral Sentiments, we do not have THE Theory of the Wealth of Nations, or THE Theory of the Nature and Causes of the Wealth of Nations. We have AN Inquiry into it. So, maybe presumptuously, I would hope I follow Smith’s spirit of inquiring and simply offer a different way of connecting the dots from Ronald Meek or Ahiakpor, not the one and only correct way of understanding Smith. Scholars have given different emphases to different sentences or words in Smith. Ahiakpor emphasizes different words and different sentences fromwhat I do. In a sense I completely agree with him that, in Smith, saving and the accumulation of capital are at the base of growth, or that different government policies will have a major effect in the development of a country. And I can also see how he “infers” (his word) a development in stages from it. But in my reading of Smith, I preferred to emphasize a different","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":"45 1","pages":"351 - 352"},"PeriodicalIF":0.9,"publicationDate":"2023-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48983831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"LETTER TO THE EDITOR: A COMMENT ON MARIA PIA PAGANELLI’S MISTAKEN TREATMENT OF ADAM SMITH’S “FOUR STAGES” THEORY OF ECONOMIC DEVELOPMENT","authors":"James C. W. Ahiakpor","doi":"10.1017/S1053837222000293","DOIUrl":"https://doi.org/10.1017/S1053837222000293","url":null,"abstract":"Three principal problems with Maria Pia Paganelli’s (2022) treatment of Adam Smith’s “Four Stages” theory of (socio-)economic development are, first, her doubting whether Smith argues the “four stages” theory or a “stadial model” of economic development; second, her preference for only the equivalent of time-series data to evaluate Smith’s four stages theory; and third, her misrepresenting several of Smith’s arguments in theWealth of Nations (hereinafterWN). From these flaws in her analysis and ignoring the development economics literature that appreciates the relevance of Smith’s explanations, Paganelli invites us to inquire again into the causes of the wealth of nations since Smith has failed in that effort: “when none of the empirical data fits our stadial model of economic development, maybe it is time to inquire again into what causes nations to develop and grow richer” (2022, p. 98; italics original). She also appears not to have paid much attention to Smith’s explanation in the “Introduction and Plan of the Work” of his goals in the five books of the Wealth of Nations, namely: (a) to explain the “causes of [the] improvement, in the productive powers of labour, and the order, according to which its produce is naturally distributed among the different ranks and conditions of [people] in society” (WN, pp. 10 11); (b) to “explain in what has constituted the revenue of the great body of the people, or what has been the nature of these funds which, in different ages and nations, have supplied their annual consumption” (p. 11); and (c) to explain the proper role of government in the economic development process. Paganelli’s arguments are thus incorrect and misleading. My comment elaborates.","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":"45 1","pages":"343 - 350"},"PeriodicalIF":0.9,"publicationDate":"2023-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47010797","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Jeff E. Biddle, Progression through Regression: The Life Story of the Empirical Cobb-Douglas Production Function (Cambridge: Cambridge University Press, 2020), pp. xii + 334, $110 (hardcover). ISBN: 9781108492263.","authors":"Chung-Tang Cheng","doi":"10.1017/s1053837222000232","DOIUrl":"https://doi.org/10.1017/s1053837222000232","url":null,"abstract":"","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":"45 1","pages":"162 - 165"},"PeriodicalIF":0.9,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44373697","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"SMITH AT 300: ON REGULATION OF THE LABOUR CONTRACT","authors":"T. Aspromourgos","doi":"10.1017/S1053837222000463","DOIUrl":"https://doi.org/10.1017/S1053837222000463","url":null,"abstract":"“Whenever the legislature attempts to regulate the differences between masters and their workmen, its counsellors are always the masters. When the regulation, therefore, is in favour of the workmen, it is always just and equitable; but it is sometimes otherwise when in favour of the masters. Thus the law which obliges the masters in several different trades to pay their workmen in money and not in goods, is quite just and equitable” (Smith 1976 [1776]), I.x.c.61, pp. 157–158).","PeriodicalId":45456,"journal":{"name":"Journal of the History of Economic Thought","volume":"45 1","pages":"206 - 207"},"PeriodicalIF":0.9,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45151332","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}