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Social Sciences x History of Economic Thought (1925 onwards) x clear all

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A ‘Walrasian post-Keynesian’ model? Resolving the paradox of Oskar Lange’s 1938 theory of interest

Roberto Lampa.

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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Adam Smith on markets, competition and violations of natural liberty

Heinz D. Kurz.

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...

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Against Mechanism: Methodology for an Evolutionary Economics

A. Allan Schmid and Paul Thompson.

in American Journal of Agricultural Economics

December 1999; p ublished online December 1999 .

Journal Article. Subjects: General Economics; Economic Methodology; History of Economic Thought (1925 onwards). 0 words.

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Aggregate structural macroeconomic analysis: a reconsideration and defence

Mark Setterfield and Shyam Gouri Suresh.

in Cambridge Journal of Economics

July 2014; p ublished online December 2013 .

Journal Article. Subjects: Economic Methodology; History of Economic Thought (1925 onwards). 10667 words.

Aggregate structural macroeconomic analysis (ASMA) is frequently criticised for being ad hoc and justified (if at all) only as a pragmatic expedient. This paper argues instead that ASMA is...

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Agricultural Economics and Economics: Influence and Counter-Influence, 1910–1960

Marc Nerlove.

in Applied Economic Perspectives and Policy

March 2015; p ublished online October 2014 .

Journal Article. Subjects: History of Economic Thought (1925 onwards); Agricultural Economics. 14671 words.

This paper examines the effects which agricultural economists had on developments in economics and on economic policies during the years 1910-1960. These developments are viewed against the...

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Ambiguity and uncertainty in Ellsberg and Shackle

Marcello Basili and Carlo Zappia.

in Cambridge Journal of Economics

May 2010; p ublished online March 2009 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; History of Economic Thought (1925 onwards). 14298 words.

This paper argues that the similarities between Ellsberg's and Shackle's frameworks for discussing the limits of the probabilistic approach to decision theory are more important than...

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An ‘unproductive labour’ view of finance

Aldo Barba and Giancarlo de Vivo.

in Cambridge Journal of Economics

November 2012; p ublished online October 2012 .

Journal Article. Subjects: General Economics; Financial Institutions and Services; History of Economic Thought (1925 onwards). 9021 words.

The present paper discusses the role of the financial sector in a capitalist economy, arguing that the huge increase in its weight (economic and otherwise) in the last decades is not...

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At the crossroads: the euro and its central bank guardian (and saviour?)

Jörg Bibow.

in Cambridge Journal of Economics

May 2013; p ublished online April 2013 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; History of Economic Thought (1925 onwards). 9542 words.

This paper investigates the role of the European Central Bank (ECB) in the (mal)functioning of Europe’s Economic and Monetary Union (EMU), focusing on the German intellectual and historical...

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The autonomisation of abstract wealth: new insights on the labour theory of value

Tomas Nielsen Rotta and Rodrigo Alves Teixeira.

in Cambridge Journal of Economics

July 2016; p ublished online June 2015 .

Journal Article. Subjects: Economic Methodology; History of Economic Thought (to 1925); History of Economic Thought (1925 onwards). 9345 words.

We theorise the forms of value in the Marxist system in a way that challenges the dominant tradition. The standard procedure has been to read Marx’s Capital as an analysis that...

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Capital’s humpback bridge: ‘financialisation’ and the rate of turnover in Marx’s economic theory

Marco Veronese Passarella and Hervé Baron.

in Cambridge Journal of Economics

September 2015; p ublished online November 2014 .

Journal Article. Subjects: General Aggregative Models; Economic Methodology; History of Economic Thought (1925 onwards). 16152 words.

The article aims to shed light on the role played by the ‘rate of turnover’ of capital in Marx’s economic theory. Oddly enough, such a concept has been neglected by most of Marx’s scholars...

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Circuitous processes, jigsaw puzzles and indisputable results: making best use of the manuscripts of Sraffa’s Production of Commodities by Means of Commodities

Jonathan Smith.

in Cambridge Journal of Economics

November 2012; p ublished online December 2011 .

Journal Article. Subjects: History of Economic Thought (1925 onwards). 6492 words.

The opening of the Sraffa archive has allowed the production of credible narratives of the development of Sraffa’s thought based on documentary evidence. The archive is complex, especially...

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Clarence Ayres, technology, pragmatism and progress

Anne Mayhew.

in Cambridge Journal of Economics

January 2010; p ublished online January 2009 .

Journal Article. Subjects: Technological Change; Research and Development; Individual Economists; History of Economic Thought (1925 onwards). 5383 words.

This paper explores the origins and continued relevance of Clarence Ayres’ definition of technology as a process involving both physical tools and a scientific method of reasoning, where...

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A comment on Nathan Rosenberg’s question: “Was Schumpeter a Marxist?”

Louis Galambos.

in Industrial and Corporate Change

August 2011; p ublished online July 2011 .

Journal Article. Subjects: History of Economic Thought (1925 onwards); History of Economic Thought (to 1925). 1772 words.

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COMPETITION VERSUS PROPERTY RIGHTS: AMERICAN ANTITRUST LAW, THE FREIBURG SCHOOL, AND THE EARLY YEARS OF EUROPEAN COMPETITION POLICY

Nicola Giocoli.

in Journal of Competition Law & Economics

December 2009; p ublished online February 2009 .

Journal Article. Subjects: Antitrust Issues and Policies; History of Economic Thought (1925 onwards); History of Economic Thought (to 1925). 18279 words.

This paper investigates the influence of the American antitrust tradition on the foundation and early years of European competition policy. Four main propositions summarize my argument made...

Competitive harm in global supply chains: assessing current responses and identifying potential future responses

David J Gerber.

in Journal of Antitrust Enforcement

April 2018; p ublished online September 2017 .

Journal Article. Subjects: General Economics; History of Economic Thought (1925 onwards); Microeconomics; Production and Organizations; Market Structure and Pricing; Analysis of Collective Decision-making; Information, Knowledge, and Uncertainy; International Factor Movements and International Business; International Relations and International Political Economy; Economics; Public Economics; Antitrust Issues and Policies; Law and Economics; Business and Management; Economic History; Economic Development. 9996 words.

Abstract

Global supply (or ‘value’) chains add much to the value of global markets, offering benefits to both producers and consumers. Yet, global supply...

The Constitution and Nature of Money

Tony Lawson.

in Cambridge Journal of Economics

April 2018; p ublished online April 2018 .

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. 14631 words.

Abstract

I take the opportunity to elaborate and clarify the positioning theory of money in response to the critique of it provided by Geoffrey Ingham.

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Corporate limited liability and Cambridge economics in the inter-war period: Robertson, Keynes and Sraffa

Richard Arena.

in Cambridge Journal of Economics

September 2010; p ublished online August 2010 .

Journal Article. Subjects: History of Economic Thought (1925 onwards). 8311 words.

This article investigates the contribution of three well-known Cambridge economists—Dennis Robertson, John Maynard Keynes and Piero Sraffa—to the analysis of limited corporate liability in...

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De Finetti on uncertainty

Alberto Feduzi, Jochen Runde and Carlo Zappia.

in Cambridge Journal of Economics

January 2014; p ublished online October 2013 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; History of Economic Thought (1925 onwards). 12372 words.

The well-known Knightian distinction between quantifiable risk and unquantifiable uncertainty is at odds with the dominant subjectivist conception of probability associated with de Finetti,...

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Debt as Money

Tony Lawson.

in Cambridge Journal of Economics

July 2018; p ublished online July 2018 .

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. 10836 words.

Abstract

Money is positioned bank debt. This is a thesis I have previously defended in this journal. In the current paper, I elaborate the thesis and provide...

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Defending Marshall's ‘masterpiece’: Ralph Souter's critique of Robbins’ Essay

Anthony M. Endres and M. Donoghue.

in Cambridge Journal of Economics

May 2010; p ublished online May 2009 .

Journal Article. Subjects: Economic Methodology; History of Economic Thought (1925 onwards). 11242 words.

We examine Ralph W. Souter's defence, in the 1930s, of Marshall's Principles against Robbins’ attempt to recast economics as a ‘purely formal science of implications’. Souter elaborated on...

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