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Chapter 18 of The General Theory ‘further analysed’: economics as a way of thinking

Anna M. Carabelli and Mario A. Cedrini.

in Cambridge Journal of Economics

January 2014; p ublished online June 2013 .

Journal Article. Subjects: General Economics; Individual Economists; Economic Methodology. 14955 words.

This paper revisits chapter 18 of Keynes’s The General Theory in the light of A Treatise on Probability. It shows that the notions of cause and independence used to discuss the...

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Coase’s choice of methodology

Elodie Bertrand.

in Cambridge Journal of Economics

July 2016; p ublished online November 2015 .

Journal Article. Subjects: General Economics; Individual Economists; Economic Methodology. 16006 words.

This paper examines the nature of Ronald H. Coase’s realism by considering the relationship between theories and facts in his methodology. I focus especially on Coase’s criticisms of...

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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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The current economic crisis: its nature and the course of academic economics

Tony Lawson.

in Cambridge Journal of Economics

July 2009; p ublished online July 2009 .

Journal Article. Subjects: General Economics; Economic Systems; General Economics and Teaching; Economic Methodology; Economics; Economic Education and Teaching of Economics; Economic History; Financial Institutions and Services; Macroeconomics and Monetary Economics; Growth and Fluctuations; History of Financial Markets and Institutions; Capitalist Systems; Individual Economists. 11027 words.

The current crisis has triggered significant debate concerning economic theory and policy. Largely absent from this debate is an informed discussion of the methods used by economists in...

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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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Don’t treat too ill my Piero! Interpreting Sraffa's papers

Heinz D. Kurz.

in Cambridge Journal of Economics

November 2012; p ublished online December 2012 .

Journal Article. Subjects: General Economics; History of Economic Thought (1925 onwards); Microeconomics; Production and Organizations; General Equilibrium and Disequilibrium; Individual Economists; History of Economic Thought (to 1925). 22057 words.

In this comment I scrutinise critically some of the views put forward in this Special Issue on Sraffa’s research programme, his accomplishments, and the relationship of his analysis to the...

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Political economy and the social disciplines: the modern life of Das Adam Smith Problem

William Dixon and David Wilson.

in Cambridge Journal of Economics

May 2014; p ublished online February 2013 .

Journal Article. Subjects: General Economics; Individual Economists. 11243 words.

The standard vision of the self in economics has been backdated onto a misrepresented Adam Smith but has more in common with the egoistic vision of Thomas Hobbes. This self, given its...

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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...

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‘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...

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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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Six titans of the Cambridge School: a review article

Harvey Gram.

in Cambridge Journal of Economics

September 2011; p ublished online May 2011 .

Journal Article. Subjects: General Economics; Individual Economists. 12130 words.

(Reviewing: Great Thinker in Economics, Series Editor, A. P. Thirlwall, selection consisting of P. Groenewegen, Alfred Marshall, 2007; P. Davidson, John Maynard Keynes, 2007,...

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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...

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Two trajectories of democratic capitalism in the post-war Chicago school: Frank Knight versus Aaron Director

Robert Van Horn and Ross B. Emmett.

in Cambridge Journal of Economics

September 2015; p ublished online November 2014 .

Journal Article. Subjects: General Economics; Individual Economists; History of Economic Thought (1925 onwards). 7196 words.

The Chicago school of economics has long emphasised the efficiency of decision makers in a competitive economic order in comparison to those in a democratic political order. The purpose of...

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What is this ‘school’ called neoclassical economics?

Tony Lawson.

in Cambridge Journal of Economics

September 2013; p ublished online June 2013 .

Journal Article. Subjects: General Economics; General Economics and Teaching; Economic Methodology; History of Economic Thought (1925 onwards); Economic History; History of Economic Thought; Individual Economists; History of Economic Thought (to 1925). 23095 words.

What is this school called neoclassical economics? Does it exist? Should it? Where does the term ‘neoclassical economics’ come from, and is there any connection between any of the current...

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