A Companion to the History of Economic Thought - Chapter 33 potx
A Companion to the History of Economic Thought - Chapter 33 potx
... putatively scalar, aggregative magnitudes. Anotherexplanation that locates the problem in the historian rather than in the data sees the motive for mathematical exegesis as a desire to confirm and ... that a paraphrase of the former in the language of mathematics might be a useful“exegetical tool.” Quine’s objection holds against all forms of translation andtherefore against all use of translation ... example of MM as an exegetical tool: a straight-forward translation into mathematical language of Malthus’s assumption (1798,pp. 25–6) that the ratio of “population” to the means of subsistence”...
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A Companion to the History of Economic Thought - Chapter 14 potx
... 326). That Marshall was an inveterate collector of “facts” was ignored by Cunningham, as were the early chapters of Marshall’sPrinciples, devoted as they were to a historical account of economic ... Polit-ical Economy was the convenient stopgap. (Ashley, 1888, p. 10)But at Harvard Ashley now spoke of the work of Ingram and Leslie as belong-ing to the past, that they shared a great deal ... accompanied it – Smith’s Wealth of Nations was therefore linked to the impact of the steam engine, rejecting Carlyle’s call for a halt to the onward march of industrialization and suggesting that the...
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A Companion to the History of Economic Thought - Chapter 19 potx
... both by the Chicago school, which reinstated a free-market approach both to micro- and macro-issues and, surprisingly, alsoas a result of the lukewarm acceptance of the mark-up pricing approach ... approachrather than a reason to discard it. Perfect competition was shown to be a specialcase, rather than the general case prevailing in actual markets, when supply anddemand curves have a particular ... he argued that the behavioral descriptionsimplied in that hypothesis were at variance with the known facts. The particular theory under attack was the Marshallian–Pigouvian representa-tion of...
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A Companion to the History of Economic Thought - Chapter 1 pot
... Waterman, deal with the basichistoriographic issues that have generated and are revealed by the many researchstyles found in the literature of the history of economic thought. Research in the ... Historians have followed the ideas of economists as they passed into and through the hands of – and were often trans-formed by – popularizers, intellectuals-at-large, literary figures, and others ... answer, paraphrasing JacobViner’s answer to the question “What is economics?,” that the history of thought is “what historians of economic thought do.” One purpose of this Companion is to acquaint...
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A Companion to the History of Economic Thought - Chapter 2 ppt
... Platonic absolutism was shaken to the core.It was partially salvaged by Eudoxus’ importation from Chaldea of a dialecticalapproach to irrationals that became a mathematical image for judicial, ... into a near-mystical formulation of ideal models. This view of a rational perfectible administration is elaboratedbelow in the discussion of analysis. The Platonic theory of the “Ideas,” clearlyexpounded ... monetary theory that shows an amazing macroeco-nomic grasp is Plutarch’s biography of Lycurgus, the legendary Spartan lawgiverANCIENT AND MEDIEVAL ECONOMICS 11 CHAPTER TWOAncient andMedieval EconomicsS....
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A Companion to the History of Economic Thought - Chapter 3 pptx
... translated into the Arabiclanguage.In spite of the significance of the 1964 path-breaking article by Spengler, the real challenge to the Schumpeterian Great Gap thesis came about as a result of ... Arab-Islamic inappropriate. Writing in Arabic, the language of theology, the Prophet and the Caliphs until the Ottoman days, and the medieval international language of Muslims from Spain to the Far ... Persian translation by Sajadi. Teheran,Iran: Zuhuri.Ghazali, Abu Hamed undated: Ihya-al-Ulum al-Din (Revival of the Religious Sciences), 4 vols.Beirut, Lebanon: Dar al Nadwaa.—— 1927: Kitab Tahafut...
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A Companion to the History of Economic Thought - Chapter 4 ppsx
... ideas. As we haveseen, many of them were preoccupied with the importance of trade and paymentbalances, defined either as a positive balance of trade theory or as a positivebalance of labor theory. ... “national economist” was the American Alexander Hamilton, the first financeminister of the USA. At the American Congress in 1790, he presented a “Reporton Manufactures.” Hamilton was familiar ... modernization and growth. Although the balance of tradetheory was perhaps an analytic blind shot, it was rational in a more general andhistorical sense, as it emphasized the pivotal role of protectionism...
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A Companion to the History of Economic Thought - Chapter 5 ppsx
... that the latter could payall of the taxes to the king and the Church. Then farmers would no longer fear the tax administrators and their capital would be free of any threat, as wouldbe the agricultural ... while also claiming to haveexamined in detail the formation and the working of capital and the interest rate.As a matter of fact, while the physiocrats focused on Quesnay’s economic table – a tool ... explained that calculus was a meta-physical tool, free of any sensationalistic basis, and useless in political economy.Empirical accuracy and rhetorical advantage were important aims, but Ques-nay...
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A Companion to the History of Economic Thought - Chapter 6 docx
... but this is a misleading way to categorize them. Tradehad always been taxed and regulated, and there was no established notion of freetrade to act as a benchmark. What was new in the seventeenth ... by any of the varied factors thathe thought relevant) could lead to unemployment. It was the duty of the states-man to ensure that the people were employed.Steuart had a very ambivalent attitude ... it to fall again.Low interest was the “causa causans” of prosperity because it would encouragemerchants and farmers to expand their businesses, and it would also encouragePRE-CLASSICAL ECONOMICS...
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A Companion to the History of Economic Thought - Chapter 7 ppsx
... turn, the capital of the wholesale merchant replaces, together with their profits, the capitals of the farmers and manufacturers of whom he purchases the rude andmanufactured products that he deals ... not easily attainable in an age inwhich the division of labor has increased the quantity of science through special-ization. Smith was aware of the division of labor in different areas of science,and ... to replace more durable goods that have reached the end of their lives in the current period. In a similar manner, undertakers andmerchants may also add to their stocks of materials, or to their...
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