A ‘Walrasian post-Keynesian’ model? Resolving the paradox of Oskar Lange’s 1938 theory of interest
in Cambridge Journal of Economics
January 2014; p ublished online July 2013 .
Journal Article. Subjects: General Equilibrium and Disequilibrium; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; General Aggregative Models; Capitalist Systems; History of Economic Thought (1925 onwards). 11726 words.
This article investigates Oskar Lange’s 1938 article, ‘The rate of interest and the optimum propensity to consume’, with the intention of providing a thorough interpretation of this rather...
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A. C. Pigou’s rejection of Pareto’s law
in Cambridge Journal of Economics
July 2013; p ublished online October 2012 .
Journal Article. Subjects: Welfare and Poverty; Individual Economists; History of Economic Thought (to 1925). 6997 words.
In Pigou’s Wealth and Welfare, as well as in each of the four editions of his The Economics of Welfare, one chapter is dedicated entirely to the critical assessment, and ultimate rejection,...
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Abbott, Edith (1876–1957)
in The Biographical Dictionary of American Economists
January 2006; p ublished online January 2010 .
Reference Entry. Subjects: Individual Economists. 1128 words.
Abbott was born on 26 September 1876 in Grand Island, Nebraska, and died there on 28 July 1957. Her
About Doing the Right Thing as an Academic Economist
in The Oxford Handbook of Professional Economic Ethics
P ublished online September 2014 .
Article. Subjects: History of Economic Thought; Industry Studies. 7201 words.
This chapter argues that the art of phronesis is central to doing the right thing as an economist. Phronesis, or practical wisdom, is what we practice when we deliberate, weigh values, take...
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Abramovitz, Moses (1912–2000)
in The Biographical Dictionary of American Economists
January 2006; p ublished online January 2010 .
Reference Entry. Subjects: Individual Economists. 736 words.
Abramovitz was born in Brooklyn in 1912, and died on 1 December 2000 in Stanford, California. He took his
An account of the Washington Lend Lease negotiations 1944 by E. A. G. Robinson
in Contributions to Political Economy
November 2003; p ublished online November 2003 .
Journal Article. Subjects: History of Economic Thought; Public Economics; Political Economy. 0 words.
In September 1944, John Maynard Keynes set sail for Washington where Keynes was to be a key negotiator in the talks leading up to Stage II of Lend Lease. Accompanying him and his wife was...
ACCUMULATION, CAPACITY UTILISATION AND DISTRIBUTION
in Contributions to Political Economy
June 1997; p ublished online June 1997 .
Journal Article. Subjects: History of Economic Thought; Public Economics; Political Economy. 0 words.
This paper examines three approaches to the process of accumulation which are based on the ‘Keynesian premise’: the ‘neo-Keynesian’, the ‘Kaleckian’ and the ‘Sraffian’. Making some...
Accumulation of knowledge and accumulation of capital in early ‘theories’ of growth and development
in Cambridge Journal of Economics
May 2010; p ublished online March 2009 .
Journal Article. Subjects: Technological Change; Research and Development; Economic Development; History of Economic Thought (to 1925). 10905 words.
This paper argues that prior to Adam Smith economic progress was largely conceived as being based on the accumulation of knowledge. The development by Turgot and Smith of a concept of...
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Ackley, Hugh Gardner (1915–1998)
in The Biographical Dictionary of American Economists
January 2006; p ublished online January 2010 .
Reference Entry. Subjects: Individual Economists. 856 words.
Ackley was born on 30 June 1915 at Indianapolis, Indiana and spent his youth in Kalamazoo, Michigan. He died at
Acland, John (1729–after 1796)
in The Biographical Dictionary of British Economists
January 2004; p ublished online January 2010 .
Reference Entry. Subjects: Individual Economists. 677 words.
Acland was born around 1729, the son of John Acland, vicar of Broad Clyst in Devon. He died some
Acworth, William Mitchell (1850–1925)
in The Biographical Dictionary of British Economists
January 2004; p ublished online January 2010 .
Reference Entry. Subjects: Individual Economists. 596 words.
Acworth was born 22 November 1850 at Rothley in Leicestershire, and died in London on 2 April 1925. He
Adam Smith: A Very Short Introduction
October 2018; p ublished online October 2018 .
Book. Subjects: Economics; History of Economic Thought; Biographical Studies. 152 pages.
In 1776, Adam Smith (1723–90) wrote The Wealth of Nations, the foundational book that led to him being called the ‘father of economics’. However, Adam Smith was far more than an economist....
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Adam Smith and Ancient Literature
in Adam Smith and the Classics
November 2001; p ublished online November 2003 .
Chapter. Subjects: History of Economic Thought. 13731 words.
Deals with Adam Smith's Lectures on Rhetoric and Belles Lettres, i.e. with the set of lecture notes discovered and published in the twentieth century. The chapter follows Smith's...
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Adam Smith and his books
in Contributions to Political Economy
January 2001; p ublished online January 2001 .
Journal Article. Subjects: History of Economic Thought; Public Economics; Political Economy. 0 words.
Adam Smith and the Classics
November 2001; p ublished online November 2003 .
Book. Subjects: History of Economic Thought. 250 pages.
Adam Smith's thought was indebted to the classical training prevailing in the educational system of his day. A careful reading of all his writings can prove the extent of this debt....
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Adam Smith and the Study of Ethics in a Commercial Society
in The Oxford Handbook of Ethics and Economics
June 2019; p ublished online June 2019 .
Article. Subjects: Microeconomics; Econometrics and Mathematical Economics; History of Economic Thought. 10454 words.
Over time, the fields of economics and ethics have become more distinct with economics focusing on the rationality of actors, the incentives they face, and the outcomes of interacting...
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Adam Smith on markets, competition and violations of natural liberty
in Cambridge Journal of Economics
March 2016; p ublished online March 2015 .
Journal Article. Subjects: History of Economic Thought (to 1925); History of Economic Thought (1925 onwards); Information, Knowledge, and Uncertainy; Market Structure and Pricing; Economics; Financial Regulation. 12976 words.
According to Adam Smith, markets and trade are, in principle, good things—provided there is competition and a regulatory framework that prevents ruthless selfishness, greed and rapacity...
Adam Smith on Virtue, Prosperity, and Justice
in Economics and the Virtues
January 2016; p ublished online March 2016 .
Chapter. Subjects: History of Economic Thought. 10212 words.
Adam Smith is usually considered to be a central figure in the political–economic tradition of liberalism, but recent scholars have debated whether he is an adherent to the “classical” or...
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Adam Smith’s ‘History of Astronomy’ and view of science
in Cambridge Journal of Economics
July 2012; p ublished online February 2012 .
Journal Article. Subjects: Individual Economists; Economic Methodology; History of Economic Thought (to 1925). 13951 words.
This paper aims to clarify Adam Smith’s view of science that has been found in his capacity as a historian or philosopher of science. It is shown that Smith assesses scientific activities...
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Adam Smith's System of Liberty, Wealth, and Virtue
November 1997; p ublished online November 2003 .
Book. Subjects: History of Economic Thought. 222 pages.
Adam Smith's System is a study in classical economic thought and methodology. It portrays Adam Smith as a Stoic philosopher who wanted virtue to be relevant to this life rather...
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