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Malthus's Theory of the ‘Constant Value Of Labour’

Giancarlo De Vivo.

in Contributions to Political Economy

June 2012; p ublished online May 2012 .

Journal Article. Subjects: General Economics; Economic Methodology; History of Economic Thought (to 1925). 9616 words.

This paper deals with the conception, put forward by Malthus in his 1823 tract The Measure of Value (and also in later writings), that the value of labour is ‘constant’, and therefore the...

A materialist development of some recent contributions to the labour theory of value

Andrew Brown.

in Cambridge Journal of Economics

January 2008; p ublished online August 2007 .

Journal Article. Subjects: General Economics; Economic Methodology; History of Economic Thought (to 1925). 12436 words.

The paper offers a novel interpretation and affirmation of the opening arguments of Capital, answering the fundamental but neglected question of why labour is the substance of value. Marx's...

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Mathematical modelling in the wake of the crisis: a blessing or a curse? What does the economics profession say?

Vinca Bigo and Ioana Negru.

in Cambridge Journal of Economics

March 2014; p ublished online November 2013 .

Journal Article. Subjects: General Economics; Economic Sociology; Economic Methodology. 9531 words.

The economics profession has been heavily criticised for not anticipating the economic crisis that began in 2007. And even now economists seem unable to suggest ways out of this crisis. It...

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A model intervenes: the many faces of moral hazard

John Latsis and Constantinos Repapis.

in Cambridge Journal of Economics

July 2014; p ublished online December 2013 .

Journal Article. Subjects: General Economics; Economic Methodology; History of Economic Thought (1925 onwards). 10365 words.

This article builds on advances in social ontology to develop a new understanding of how mainstream economic modelling affects reality. We propose a new framework for analysing and...

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Money reform and the Eurozone crisis: panacea, utopia or grassroots alternative?

Peter North.

in Cambridge Journal of Economics

September 2016; p ublished online July 2016 .

Journal Article. Subjects: History of Economic Thought (to 1925); Economic Methodology; General Economics. 7819 words.

The economic crisis that broke out in 2007–2008 and the ongoing crisis in the Eurozone has given a new urgency to discussions about alternatives to capitalism, and a new salience to...

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Moral sentiments and economic practices in Kyrgyzstan: the internal embeddedness of a moral economy

Balihar Sanghera and Elmira Satybaldieva.

in Cambridge Journal of Economics

September 2009; p ublished online September 2007 .

Journal Article. Subjects: General Economics; Economic Sociology; Economic Methodology; Socialist Systems and Transitional Economies. 7598 words.

In The Theory of Moral Sentiments, Adam Smith notes that moral sentiments, emotions and feelings affect economic and social practices. In the literature on social embeddedness of the...

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Of Tastes and Values

Guido Calabresi.

in American Law and Economics Review

December 2014; p ublished online September 2014 .

Journal Article. Subjects: General Economics; History of Economic Thought (to 1925); History of Economic Thought (1925 onwards); Economic Methodology; Microeconomics; Production and Organizations; Welfare Economics; Analysis of Collective Decision-making; Taxation, Subsidies, and Revenue; Publicly Provided Goods; Economics of Health; Education and Research Institutions; Law and Economics; Tort Law; Nonprofit Organizations and Public Enterprise; Capitalist Systems; Economic Sociology. 8249 words.

This lecture was delivered by Judge Calabresi upon receiving the Ronald H. Coase Medal at the Annual Meeting of the American Law and Economic Association at Stanford Law School on May 18,...

On the identity of social capital and the social capital of identity

Asimina Christoforou.

in Cambridge Journal of Economics

July 2013; p ublished online November 2012 .

Journal Article. Subjects: General Economics; Economic Methodology. 9840 words.

In contemporary economics, social capital is identified by some with norms and networks that enhance trust, reciprocity and cooperation for the production of public goods. But critics claim...

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Ontology and the study of social reality: emergence, organisation, community, power, social relations, corporations, artefacts and money

Tony Lawson.

in Cambridge Journal of Economics

March 2012; p ublished online March 2012 .

Journal Article. Subjects: General Economics; Economic Systems; Production and Organizations; Economic Methodology; Market Structure, Firm Strategy, and Market Performance. 23736 words.

The conception of social reality I have previously defended (and here extend), positing features such as social relations, positions and powers, is thoroughly naturalistic and even...

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Post-Keynesianism without modernity

Colin Danby.

in Cambridge Journal of Economics

November 2009; p ublished online March 2009 .

Journal Article. Subjects: General Economics; Economic Methodology. 7636 words.

A robust and critical post-Keynesianism can be specified on the basis of time, uncertainty, and the investigation of the institutions that structure material life, without presupposing what...

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Pragmatism and economics: William James' contribution

Jack Barbalet.

in Cambridge Journal of Economics

September 2008; p ublished online February 2008 .

Journal Article. Subjects: General Economics; Economic Methodology; History of Economic Thought (1925 onwards); History of Economic Thought (to 1925). 7455 words.

In addition to his treatment of habit, which is widely recognised as contributing to a theory of institutions, William James' discussion of choice and rationality, as well as self-interest,...

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Process, order and stability in Veblen

Tony Lawson.

in Cambridge Journal of Economics

July 2015; p ublished online October 2014 .

Journal Article. Subjects: General Economics; General Economics and Teaching; Economic Methodology; History of Economic Thought (1925 onwards); Economic Sociology; Individual Economists; History of Economic Thought (to 1925). 23335 words.

In this essay I tease out the notion of social order that underpins Veblen’s numerous contributions and examine its development over time. In piecing together various components of Veblen’s...

‘PROFITS DEPEND ON WAGES’: RICARDO'S PRINCIPLE AND ITS EARLY DEMISE

Giancarlo de Vivo.

in Contributions to Political Economy

June 2018; p ublished online May 2018 .

Journal Article. Subjects: General Economics; History of Economic Thought (to 1925); Individual Economists; Economic Methodology. 8908 words.

Abstract

The present paper deals with one of the most important principles of Ricardo's theory: namely, the idea that profits ‘depend on wages’ and only on...

The relation of morality to political economy in Hume

Serap Ayşe Kayatekin.

in Cambridge Journal of Economics

May 2014; p ublished online January 2013 .

Journal Article. Subjects: History of Economic Thought; General Economics; Individual Economists; Economic Methodology; History of Economic Thought (to 1925). 9925 words.

In his Treatise of Human Nature, Hume argues that reason does not motivate action but rather directs our judgement by informing us about their causes and effects. He distances, in his...

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The scholar as reader: the last 50 years of economic theory seen through G.C. Harcourt’s book reviews

Constantinos Repapis.

in Cambridge Journal of Economics

November 2014; p ublished online February 2013 .

Journal Article. Subjects: General Economics; Individual Economists; Economic Methodology. 14383 words.

G.C. Harcourt has written over 100 book reviews during the last 50 years. These are published in a number of journals and on widely different topics. In this article this literature is used...

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Sine praejudicio? Economics and the 2014 Scottish independence referendum

Sheila Dow, Robert McMaster and Andrew Cumbers.

in Cambridge Journal of Economics

April 2018; p ublished online January 2018 .

Journal Article. Subjects: General Economics; Economic Methodology. 9921 words.

Abstract

The purpose of this paper is to analyse the contribution of expert economic opinion to the 2014 referendum campaigns on Scottish independence. We...

Social analysis and the capabilities approach: a limit to Martha Nussbaum's universalist ethics

S. Charusheela.

in Cambridge Journal of Economics

November 2009; p ublished online September 2008 .

Journal Article. Subjects: General Economics; Health, Education, and Welfare; Development Planning and Policy; Economic Methodology. 9910 words.

Postcolonial theorists critique modernist universalisms for legitimating structural power. Responding to these critiques, Martha Nussbaum argues that abandoning universalism leads to...

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Social positioning and the nature of money

Tony Lawson.

in Cambridge Journal of Economics

July 2016; p ublished online April 2016 .

Journal Article. Subjects: General Economics; History of Economic Thought; History of Economic Thought (to 1925); History of Economic Thought (1925 onwards); Individual Economists; Economic Methodology; Economic History; Economic Systems; Capitalist Systems. 24160 words.

The question of the nature of money is pursued drawing on results generated in the field of social ontology as well as on observations from history. The conception of the nature of money...

Time to reject the privileging of economic theory over empirical evidence? A reply to Lawson

Katarina Juselius.

in Cambridge Journal of Economics

March 2011; p ublished online August 2010 .

Journal Article. Subjects: General Aggregative Models; General Economics; Economic Methodology; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomics and Monetary Economics; Multiple or Simultaneous Equation Models; Multiple Variables; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Econometric Modelling. 6903 words.

The present financial and economic crisis has revealed a systemic failure of academic economics and emphasised the need to re-think how to model economic phenomena. Tony Lawson seems...

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Transforming economics into what? Heterodox economics and critical realism

Mark Peacock.

in Cambridge Journal of Economics

March 2008; p ublished online October 2007 .

Journal Article. Subjects: General Economics; Economic Methodology. 8603 words.

The volume under review consists of comments on critical realism by heterodox economists. This paper addresses a number of themes from the book, e.g., history and reflexivity, sometimes...

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