Subjectivism and Objectivism in the History of Economic Thought PDF
Preview Subjectivism and Objectivism in the History of Economic Thought
Subjectivism and Objectivism in the History of Economic Thought This book investigates the tensions between subjectivism and objectivism in the history of economics. The book looks at the works of Adam Smith, Carl Menger, Léon Walras, William Stanley Jevons, Oskar Morgenstern, Ludwig Mises, Piero Sraffa, and so on. The book highlights the diverse subjective and objective ele- ments of their economic theories and suggests a reframing of methodology to better address the core problems of the theories. Contributors of the volume are leading members of the Japan Society of History of Economic Thought who have provided a comprehensive overview on the economics methodology and the related problems. Hence, this book will be an invaluable asset to not only those who are interested in the history of eco- nomic thought, but also to scholars who are concerned with the methodological problems of economic science. Yukihiro Ikeda is a historian of economic thought. He is currently with the faculty of economics of Keio University, Japan. He has been researching the Austrian School of Economics, with special attention to Carl Menger and Frie- drich Hayek, for more than twenty-fi ve years. He is also interested in research of the historical development of German economics and the introduction of the German Historical School of Japan. Kiichiro Yagi, currently the Vice President of Setsunan University, Osaka, taught theory of political economy and history of economics over two decades in the Graduate School of Economics, Kyoto University. He served as Chairperson or President of several academic associations in his research fields, including the Japan Society for the History of Economics, the Japan Association for Evolutionary Economics, and the Japan Society of Political Economy. Routledge studies in the history of economics 1 Economics as Literature 8 The History of Game Theory, Willie Henderson Vol. 1 From the beginnings to 1945 2 Socialism and Marginalism in Robert W. Dimand and Economics 1870–1930 Mary Ann Dimand Edited by Ian Steedman 9 The Economics of W. S. Jevons 3 Hayek’s Political Economy Sandra Peart The socio- economics of order Steve Fleetwood 10 Gandhi’s Economic Thought Ajit K. Dasgupta 4 On the Origins of Classical Economics 11 Equilibrium and Economic Distribution and value from Theory William Petty to Adam Smith Edited by Giovanni Caravale Tony Aspromourgos 12 Austrian Economics in Debate 5 The Economics of Joan Edited by Willem Keizer, Robinson Bert Tieben and Rudy van Zijp Edited by Maria Cristina Marcuzzo, 13 Ancient Economic Thought Luigi Pasinetti and Edited by B.B. Price Alesandro Roncaglia 14 The Political Economy of 6 The Evolutionist Economics of Social Credit and Guild Léon Walras Socialism Albert Jolink Frances Hutchinson and Brian Burkitt 7 Keynes and the ‘Classics’ A study in language, 15 Economic Careers epistemology and mistaken Economics and economists in identities Britain 1930–1970 Michel Verdon Keith Tribe 16 Understanding ‘Classical’ 25 Marx’s Concept of Money Economics The god of commodities Studies in the long-p eriod theory Anitra Nelson Heinz Kurz and Neri Salvadori 26 The Economics of James 17 History of Environmental Steuart Economic Thought Edited by Ramón Tortajada E. Kula 27 The Development of 18 Economic Thought in Economics in Europe since Communist and Post- 1945 Communist Europe Edited by A.W. Bob Coats Edited by Hans- Jürgen Wagener 28 The Canon in the History of 19 Studies in the History of Economics French Political Economy Critical essays From Bodin to Walras Edited by Michalis Psalidopoulos Edited by Gilbert Faccarello 29 Money and Growth 20 The Economics of John Rae Selected papers of Allyn Abbott Edited by O.F. Hamouda, C. Lee Young and D. Mair Edited by Perry G. Mehrling and Roger J. Sandilands 21 Keynes and the Neoclassical Synthesis 30 The Social Economics of Einsteinian versus Newtonian Jean- Baptiste Say macroeconomics Markets and virtue Teodoro Dario Togati Evelyn L. Forget 22 Historical Perspectives on 31 The Foundations of Macroeconomics Laissez- Faire Sixty years after the ‘General The economics of Theory’ Pierre de Boisguilbert Edited by Philippe Fontaine and Gilbert Faccarello Albert Jolink 32 John Ruskin’s Political 23 The Founding of Institutional Economy Economics Willie Henderson The leisure class and sovereignty Edited by Warren J. Samuels 33 Contributions to the History of Economic Thought 24 Evolution of Austrian Essays in honour of Economics R. D. C. Black From Menger to Lachmann Edited by Antoin E. Murphy and Sandye Gloria Renee Prendergast 34 Towards an Unknown Marx 42 Piero Sraffa’s Political A commentary on the Economy manuscripts of 1861–63 A centenary estimate Enrique Dussel Edited by Terenzio Cozzi and Roberto Marchionatti 35 Economics and Interdisciplinary Exchange 43 The Contribution of Joseph Edited by Guido Erreygers Schumpeter to Economics Economic development and 36 Economics as the Art of institutional change Thought Richard Arena and Essays in memory of Cecile Dangel G. L. S. Shackle Edited by Stephen F. Frowen and 44 On the Development of Peter Earl Long- run Neo- Classical Theory Tom Kompas 37 The Decline of Ricardian Economics 45 F. A. Hayek as a Political Politics and economics in post- Economist Ricardian theory Economic analysis and values Susan Pashkoff Edited by Jack Birner, Pierre Garrouste and 38 Piero Sraffa Thierry Aimar His life, thought and cultural heritage 46 Pareto, Economics and Society Alessandro Roncaglia The mechanical analogy Michael McLure 39 Equilibrium and Disequilibrium in Economic 47 The Cambridge Controversies Theory in Capital Theory The Marshall–Walras divide A study in the logic of theory Michel de Vroey development Jack Birner 40 The German Historical School 48 Economics Broadly Considered The historical and ethical Essays in honour of approach to economics Warren J. Samuels Edited by Yuichi Shionoya Edited by Steven G. Medema, Jeff Biddle and John B. Davis 41 Reflections on the Classical Canon in Economics 49 Physicians and Political Essays in honour of Economy Samuel Hollander Six studies of the work of Edited by Sandra Peart and doctor- economists Evelyn Forget Edited by Peter Groenewegen 50 The Spread of Political 57 Classics and Moderns in Economy and the Economics, Volume I Professionalisation of Essays on nineteenth and Economists twentieth century economic Economic societies in Europe, thought America and Japan in the Peter Groenewegen nineteenth century Massimo Augello and 58 Classics and Moderns in Marco Guidi Economics, Volume II Essays on nineteenth and 51 Historians of Economics and twentieth century economic Economic Thought thought The construction of disciplinary Peter Groenewegen memory Steven G. Medema and Warren J. 59 Marshall’s Evolutionary Samuels Economics Tiziano Raffaelli 52 Competing Economic Theories Essays in memory of 60 Money, Time and Rationality Giovanni Caravale in Max Weber Sergio Nisticò and Austrian connections Domenico Tosato Stephen D. Parsons 53 Economic Thought and Policy 61 Classical Macroeconomics in Less Developed Europe Some modern variations and The nineteenth century distortions Edited by James C.W. Ahiakpor Michalis Psalidopoulos and Maria- Eugenia Almedia Mata 62 The Historical School of Economics in England and 54 Family Fictions and Family Japan Facts Tamotsu Nishizawa Harriet Martineau, Adolphe Quetelet and the population question in England 63 Classical Economics and 1798–1859 Modern Theory Brian Cooper Studies in long-p eriod analysis Heinz D. Kurz and 55 Eighteenth- Century Economics Neri Salvadori Peter Groenewegen 64 A Bibliography of Female 56 The Rise of Political Economy Economic Thought to 1940 in the Scottish Enlightenment Kirsten K. Madden, Edited by Tatsuya Sakamoto and Janet A. Sietz and Hideo Tanaka Michele Pujol 65 Economics, Economists and 73 Knut Wicksell on Poverty Expectations No place is too exalted From microfoundations to Knut Wicksell macroeconomics Warren Young, Robert Leeson 74 Economists in Cambridge and William Darity Jnr. A study through their correspondence 1907–1946 66 The Political Economy of Edited by M.C. Marcuzzo and Public Finance in Britain, A. Rosselli 1767–1873 Takuo Dome 75 The Experiment in the History of Economics 67 Essays in the History of Edited by Philippe Fontaine and Economics Robert Leonard Warren J. Samuels, 76 At the Origins of Mathematical Willie Henderson, Economics Kirk D. Johnson and The economics of A. N. Isnard Marianne Johnson (1748–1803) Richard van den Berg 68 History and Political Economy Essays in honour of 77 Money and Exchange P. D. Groenewegen Folktales and reality Edited by Tony Aspromourgos Sasan Fayazmanesh and John Lodewijks 78 Economic Development and 69 The Tradition of Free Trade Social Change Lars Magnusson Historical roots and modern perspectives 70 Evolution of the Market George Stathakis and Process Gianni Vaggi Austrian and Swedish economics Edited by Michel Bellet, 79 Ethical Codes and Income Sandye Gloria- Palermo and Distribution Abdallah Zouache A study of John Bates Clark and Thorstein Veblen 71 Consumption as an Investment Guglielmo Forges Davanzati The fear of goods from Hesiod to Adam Smith 80 Evaluating Adam Smith Cosimo Perrotta Creating the wealth of nations Willie Henderson 72 Jean- Baptiste Say and the Classical Canon in Economics 81 Civil Happiness The British connection in French Economics and human flourishing classicism in historical perspective Samuel Hollander Luigino Bruni 82 New Voices on Adam Smith 91 Keynes’s Vision Edited by Leonidas Montes and Why the great depression did not Eric Schliesser return John Philip Jones 83 Making Chicago Price Theory Milton Friedman–George Stigler 92 Monetary Theory in Retrospect correspondence, 1945–1957 The selected essays of Edited by J. Daniel Hammond Filippo Cesarano and Claire H. Hammond Filippo Cesarano 84 William Stanley Jevons and the 93 Keynes’s Theoretical Cutting Edge of Economics Development Bert Mosselmans From the tract to the general 85 A History of Econometrics in theory France Toshiaki Hirai From nature to models Philippe Le Gall 94 Leading Contemporary Economists 86 Money and Markets Economics at the cutting edge A doctrinal approach Edited by Steven Pressman Edited by Alberto Giacomin and Maria Cristina Marcuzzo 95 The Science of Wealth Adam Smith and the framing of 87 Considerations on the political economy Fundamental Principles of Tony Aspromourgos Pure Political Economy Vilfredo Pareto (edited by 96 Capital, Time and Transitional Roberto Marchionatti and Dynamics Fiorenzo Mornati) Edited by Harald Hagemann and Roberto Scazzieri 88 The Years of High Econometrics 97 New Essays on Pareto’s A short history of the generation Economic Theory that reinvented economics Edited by Luigino Bruni and Francisco Louçã Aldo Montesano 89 David Hume’s Political Economy 98 Frank Knight and the Chicago Edited by Carl Wennerlind and School in American Economics Margaret Schabas Ross B. Emmett 90 Interpreting Classical 99 A History of Economic Theory Economics Essays in honour of Studies in long-p eriod analysis Takashi Negishi Heinz D. Kurz and Edited by Aiko Ikeo and Neri Salvadori Heinz D. Kurz 100 Open Economics 108 Political Economy, Public Policy Economics in relation to other and Monetary Economics disciplines Ludwig von Mises and the Edited by Richard Arena, Austrian tradition Sheila Dow and Matthias Klaes Richard M. Ebeling 101 Rosa Luxemburg and the 109 Keynes and the British Critique of Political Economy Humanist Tradition Edited by Riccardo Bellofiore The moral purpose of the market David R. Andrews 102 Problems and Methods of Econometrics 110 Political Economy and The Poincaré lectures of Industrialism Ragnar Frisch 1933 Banks in Saint- Simonian Edited by Olav Bjerkholt and economic thought Ariane Dupont- Keiffer Gilles Jacoud 103 Criticisms of Classical Political 111 Studies in Social Economics Economy By Leon Walras (translated Menger, Austrian economics and by Jan van Daal and the German historical school Donald Walker) Gilles Campagnolo 112 The Making of the Classical 104 A History of Entrepreneurship Theory of Economic Growth Robert F. Hébert and By Anthony Brewer Albert N. Link 113 The Origins of David Hume’s 105 Keynes on Monetary Policy, Economics Finance and Uncertainty By Willie Henderson Liquidity preference theory and the global financial crisis 114 Production, Distribution and Jorg Bibow Trade Edited by Adriano Birolo, 106 Kalecki’s Principle of Duncan Foley, Heinz D. Kurz, Increasing Risk and Keynesian Bertram Schefold and Economics Ian Steedman Tracy Mott 115 The Essential Writings of 107 Economic Theory and Thorstein Veblen Economic Thought Edited by Charles Camic and Essays in honour of Ian Geoffrey Hodgson Steedman John Vint, J. Stanley Metcalfe, 116 Adam Smith and the Economy Heinz D. Kurz, Neri Salvadori of the Passions and Paul Samuelson By Jan Horst Keppler 117 The Analysis of Linear 127 Stalin’s Economist Economic Systems The economic contributions of Father Maurice Potron’s Jenö Varga pioneering works André Mommen Translated by Christian Bidard and Guido Erreygers 128 E.E. Slutsky as Economist and Mathematician 118 A Dynamic Approach to Crossing the limits of knowledge Economic Theory: Frisch Vincent Barnett Edited by Olav Bjerkholt and Duo Qin 129 Keynes, Sraffa, and the Criticism of Neoclassical 119 Henry A. 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