A companion to the history of economic thought
A Companion to the History of Economic Thought - Overview ppt
... Professor of Economic History at Uppsala University, Sweden He specializes in the history of economic thought and general economic history Maria Cristina Marcuzzo is Professor of the History of ... microeconomic theory and the history of economic thought Malcolm Rutherford is Professor of Economics at the University of Victoria, Canada He specializes in the history of economics, institutional ... of Economics, Emeritus, at the Indiana University of Pennsylvania He specializes in microeconomic theory and history A M C Waterman is Professor of Economics at the University of Manitoba, Canada...
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A Companion to the History of Economic Thought - Chapter 1 pot
... decades have seen a significant increase the use of archival material by historians of economics, as well as greater efforts by the research community to assemble and to make such material more accessible ... in the literature of the history and philosophy of science, have since become standard features of the literature on the history of economic thought A number of the part II essays, in particular ... sociology have been applied to the study of the history of economics A sociological view of the activities of the economic profession and the processes that govern the transmission and acceptance of...
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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 dialectical approach to irrationals that became a mathematical image for judicial, ... incorporated the Pythagorean mathematical tradition into a near-mystical formulation of ideal models This view of a rational perfectible administration is elaborated below in the discussion of analysis ... After the deaths of Alexander the Great in 323 and of Aristotle in 322 B.C., the Hellenistic period was characterized by economic thought oriented toward kingship and administration War was the...
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A Companion to the History of Economic Thought - Chapter 3 pptx
... the use of Arab or 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 ... Sajadi Teheran, Iran: Zuhuri Ghazali, Abu Hamed undated: Ihya-al-Ulum al-Din (Revival of the Religious Sciences), vols Beirut, Lebanon: Dar al Nadwaa —— 1927: Kitab Tahafut al, Falasafah (The Incoherence ... indivisibility of goods due to the lack of a common denominator, and limited specialization (Ghazanfar and Islahi, 1990, p 39 1) Ghazali was able to trace the evolution of a money-exchange system and the...
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A Companion to the History of Economic Thought - Chapter 4 ppsx
... with the importance of trade and payment balances, defined either as a positive balance of trade theory or as a positive balance of labor theory However, what they mainly shared was a preoccupation ... propounding the active role of the state in economic modernization and growth Although the balance of trade theory was perhaps an analytic blind shot, it was rational in a more general and historical sense, ... make the state – or commonwealth – richer This was the core argument of the much debated so-called “positive balance of trade theory.” According to Adam Smith, the main architect of the mercantile...
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A Companion to the History of Economic Thought - Chapter 5 ppsx
... to be a general overview of the subject, while also claiming to have examined in detail the formation and the working of capital and the interest rate As a matter of fact, while the physiocrats ... metaphysical tool, free of any sensationalistic basis, and useless in political economy Empirical accuracy and rhetorical advantage were important aims, but Quesnay added a theoretical one to his approach ... of the value of the initial capital: firstly, a profit equal to the revenue they would be able to acquire with their capital without any labour; secondly, the wages and the price of their labour,...
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A Companion to the History of Economic Thought - Chapter 6 docx
... Unfortunately, it was fatally easy to confuse the balance of trade with the gains from trade, and to treat it as an aim in itself The simplest way to fall into this trap would be to confuse wealth with ... Trade had always been taxed and regulated, and there was no established notion of free trade to act as a benchmark What was new in the seventeenth century was not the regulation of trade but the ... according to demand Austria, for example, had a small money stock because it was relatively underdeveloped Within a country, the capital and the major ports had a larger share of the money stock...
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A Companion to the History of Economic Thought - Chapter 7 ppsx
... exchange facilitated by the use of money (LJ(B), pp 235–43) Three main features of the central analysis are the treatment of the division of labor, the analysis of price and allocation, and the ... ii.v.10) At the same time, part of the capital of the master manufacturer is “employed as a fixed capital in the instruments of his trade, and replaces, together with its profits, that of some other artificer ... to France 7. 4 ECONOMICS: THE PHYSIOCRATS AND QUESNAY Adam Smith’s visit to France was his only journey outside Great Britain The fact that the visit took place at all was due to the success of...
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A Companion to the History of Economic Thought - Chapter 8 ppsx
... of direct taxes on houses, land, and increments of rental value The classical economists approached the analysis of taxation in two different ways The first was taxation of factor rewards – wages, ... threads fit together, it is best to look at the classical treatment of particular aspects of economic analysis 8. 3 VALUE AND DISTRIBUTION 8. 3.1 Value Smith designed his value theory to produce a theory ... wrestled vainly with the problem of capital and the nature of profit Torrens adopted a different approach and argued that relative amounts of capital, rather than labor, determined relative price...
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A Companion to the History of Economic Thought - Chapter 9 docx
... of labor demand As what would later be known as the marginal product of the composite labor and capital input falls, this drives the returns to the variable factors, labor and capital, down The ... also repeatedly attacked race-neutral accounts of human nature: “Mr Mill, who will not admit that the Australian, the Andaman islander, and the Hottentot labour under any 138 S J PEART AND D M ... use their daughters sexually As a Malthusian, Martineau attended to the tradeoff between sex and material income She found in America an instance in which a man can have more of both sex and material...
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A Companion to the History of Economic Thought - Chapter 10 docx
... break from classical political economy, he maintains remnants of a Ricardian labor-time theory of value (Backhaus, 1969) I think that the “labor-time theory of value” interpretation cannot be maintained ... reference to the latter (critically or complimentarily) This is an interesting aspect of Marx’s status within the history of thought It is also a fascinating aspect of the study of the history of thought ... ordered according to dates of publication, are its core The order of publications – impact – is relevant for a general history of thought A history of the intellectual development of Karl Marx, or of...
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A Companion to the History of Economic Thought - Chapter 11 ppsx
... suffice 11. 4 FROM PHYSICAL REAL COSTS TO QUANTITIES OF LABOR The move away from physical real costs and toward labor was first due to the fact that the relatively backward analytic tools at the disposal ... coherent theory of value and distribution be elaborated that is faithful to what the classical economists appear to have been after, but were unable to express in a satisfactory way? 11. 5 EQUATIONS OF ... that is, in a given place and time The theory of value and distribution was designed to identify in abstracto the dominant factors at work and to analyze their interaction In a second step, the...
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A Companion to the History of Economic Thought - Chapter 12 pot
... abandoned the labor theory of value and the notions of surplus value and exploitation He became skeptical of the Marxian doctrines of growing social polarization, the increasing severity of economic ... unemployment, and poverty in the midst of potential plenty But they had an additional complaint, against capitalism now and against state socialism as a vision of the future In neither case were the interests ... perhaps, the most fundamental challenge facing the advocates of non-Marxian socialism Bibliography Aaronovitch, S 1981: The Road From Thatcherism London: Lawrence and Wishart Aganbegyan, A G...
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A Companion to the History of Economic Thought - Chapter 13 ppsx
... can be seen as (1) antiutopian, (2) utopian in its anti-utopianism, and (c) the expression of a particular utopia (The foregoing may seem to equate economics, science, fiction, and utopia/ dystopia, ... reification and idealization was of a changing reality With the coming of the Renaissance and the Enlightenment – the actual history is more complicated than this – rationalism, humanism, naturalism, ... social problems but also from a desire to escape the burden of choice Another aspect of the complex dynamics of social change relevant to utopias is that social change toward an idealized image...
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A Companion to the History of Economic Thought - Chapter 14 potx
... sight, the book appears to be related to a number of nearcontemporary works of agrarian history; Gonner traces the gradual appropriation of common land for individual use, but in charting the impact ... taught as part of history and of “Greats” until the foundation of “Modern Greats,” the PPE course in 1920 In Cambridge it was part of history and the moral sciences until the inauguration of Marshall’s ... Political Economy was the convenient stopgap (Ashley, 1888, p 10) But at Harvard Ashley now spoke of the work of Ingram and Leslie as belonging to the past, that they shared a great deal with a classical...
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