Showing 1 - 10 of 13
Recent literature on Adam Smith and other 18th-century Scottish thinkers shows an engaged conversation between the Scots and today's scholars in the sciences that deal with humans—social sciences, humanities, as well as neuroscience and evolutionary psychology. We share with the 18th-century...
Persistent link: https://www.econbiz.de/10011592240
Persistent link: https://www.econbiz.de/10011592241
Paul Samuelson's famous 1948 "factor price equalization theorem" was his main contribution to international trade theory. He demonstrated conditions under which trade in goods only would lead to full equalization of the remuneration of productive factors across countries. In practice, general...
Persistent link: https://www.econbiz.de/10012030106
The "natural rate hypothesis" is usually ascribed to ideas put forward by M. Friedman and E. Phelps between 1966 and 1968. It postulates that changes in nominal aggregate demand affect aggregate output because agents cannot temporarily distinguish relative from general price movements when they...
Persistent link: https://www.econbiz.de/10011858733
The paper shows how William Barber's background as a development economist influenced his research agenda in the history of economic thought, in terms of the questions he asked and the way he approached them. The links between the history of economic theory and of policy-making are highlighted,...
Persistent link: https://www.econbiz.de/10011951714
In 1965, Henry Manne convinced the Association of American Law Schools and the American Economic Association to establish an ad hoc Joint Committee to explore the possibilities of collaborative efforts between economists and legal scholars. This paper examines the origins and activities of this...
Persistent link: https://www.econbiz.de/10014339805
The role of traveling as a source of discovery and development of new ideas has been controversial in the history of economics. Despite their protective attitude toward established theory, economists have traveled widely and gained new insights or asked new questions as a result of their...
Persistent link: https://www.econbiz.de/10011761433
The paper investigates Champernowne's 1936 attempt to sort out the debate between Pigou (1933) and Keynes (1936) about employment determination. Champernowne agreed with Keynes that workers can only bargain for a money-wage, but argued that, to the extent that workers' (adaptive) price...
Persistent link: https://www.econbiz.de/10011761437
In this review, I argue that Forder makes a fine job in debunking the story told by Friedman in his Nobel prize lecture about the Phillips curve yet fails to assess the validity of Phelps's and Friedman's contributions to the Phillips curve theory.
Persistent link: https://www.econbiz.de/10011764364
This paper discusses the similarities and differences in the plurality of practices regarding the use of interviews by historians of economics - i.e., either the use of someone else's interviews as sources or the use of interviews conducted by the historian for her or his work.
Persistent link: https://www.econbiz.de/10011812584