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Social Sciences x General Economics x Economic Methodology x History of Economic Thought x clear all

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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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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How monist is heterodoxy?

Rogier De Langhe.

in Cambridge Journal of Economics

July 2010; p ublished online September 2009 .

Journal Article. Subjects: General Economics; History of Economic Thought; Economic Methodology. 6832 words.

Some heterodox economists, most notably Tony Lawson, have come under suspicion of not being true pluralists, but ‘strategic pluralists’: their advocacy of pluralism is thought to be merely...

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An interdisciplinary model for macroeconomics

A G Haldane and A E Turrell.

in Oxford Review of Economic Policy

January 2018; p ublished online January 2018 .

Journal Article. Subjects: General Economics; History of Economic Thought (1925 onwards); Economic Methodology; Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomics and Monetary Economics. 13904 words.

Abstract

Macroeconomic modelling has been under intense scrutiny since the Great Financial Crisis, when serious shortcomings were exposed in the methodology...

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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...

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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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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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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,...

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...

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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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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 conceptions of economics and maximisation

Ricardo F. Crespo.

in Cambridge Journal of Economics

July 2013; p ublished online February 2013 .

Journal Article. Subjects: History of Economic Thought; General Economics; Economic Methodology. 8242 words.

Economics has evolved from a ‘domain-focused’ conception, i.e. the study of specific kinds of human activities, to a ‘scarcity-based’ conception, i.e. the study of a particular approach to...

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