Economics 389: Marxian and neo-classical economic theory (development of economic thought from 1848–1900)

2004 ◽  
pp. 139-275
Author(s):  
Edward Everett Hale
Keyword(s):  
Economic Theory ◽  
Theory Development ◽  
Economic Thought ◽  
Classical Economic ◽  
Economic Theory Development

scholarly journals Evolution of economic thought in the context of the lending problem in the second half of 17th - middle 19th century

2020 ◽  
pp. 121-126
Author(s):  
Mykhailo Orlyk
Keyword(s):  
Economic Theory ◽  
19Th Century ◽  
Russian Empire ◽  
Economic Thought ◽  
Theoretical Understanding ◽  
Role Of The State ◽  
The Russian Empire ◽  
Classical Economic ◽  
Banking Credit

The article analyzes the scientific achievements of the classical economic school representatives of the second half of the 17th - middle of the 19th century in the field of lending through the prism of modernity. The goal of research is to study the evolution of views on the nature and role of lending by the classical school representatives of economics in the second half of 17th - mid 19th centuries. Methods of research. Both general scientific and special methods of scientific cognition were used to solve the tasks, that were set for the goal. Systematic and structured approaches, methods of generalization, analysis, comparison, synthesis, and scientific abstraction were used in the process of writing the article. Results of work. In the article had been established and analyzed the evolution of the theoretical understanding of the lending problem in the classical school of economics from the time of its foundation to the beginning of the realization of its theoretical achievements in the financial and economic space of the Russian Empire. The field of application of results. The results of the held study can be used in teaching courses in the history of economics and economic thought, as well as other economic disciplines, in the training of specialists in banking, credit and economic theory. Conclusions. The held study of the views evolution of the classical economic school representatives on the problem of lending allows us to conclude that credit as a socio-economic phenomenon has aroused significant interest of researchers. Among the main questions, that were set by scientists, were questions related to the principles of reward formation for the credit and its role in the development of the country's economy. Many researchers have paid attention to the question of the state’s place in the credit relations of the borrower and the lender. Examining the process of transformation of economic theory, we can conclude that the role of the state as a strict regulator of credit relations had gradually changed to the role of guarantor of credit obligations. A significant impetus to the development of economics in the context of understanding credit in the Russian Empire was made by M. Bunge. He has not only theoretically justified the importance of the credit availability for the development of economic relations, but also put his own scientific ideas into practice.

Nikolay Sieber in the history of prerevolutionary Russian economic thought

2018 ◽  
pp. 95-110
Author(s):  
L. D. Shirokorad
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Organic Synthesis ◽  
Marginal Utility ◽  
Economic Thought ◽  
History Of ◽  
Three Stages

This article shows how representatives of various theoretical currents in economics at different times in history interpreted the efforts of Nikolay Sieber in defending and developing Marxian economic theory and assessed his legacy and role in forming the Marxist school in Russian political economy. The article defines three stages in this process: publication of Sieber’s work dedicated to the analysis of the first volume of Marx’s Das Kapital and criticism of it by Russian opponents of Marxian economic theory; assessment of Sieber’s work by the narodniks, “Legal Marxists”, Georgiy Plekhanov, and Vladimir Lenin; the decline in interest in Sieber in light of the growing tendency towards an “organic synthesis” of the theory of marginal utility and the Marxist social viewpoint.

Essays of a “comparatively progressive” economist (On the 150th birth anniversary of Vladimir Geleznoff)

2019 ◽  
pp. 135-145
Author(s):  
Viktor A. Popov
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
The Political ◽  
Russian History ◽  
Working Ability ◽  
Intellectual Inquiry ◽  
History Of

Deep comprehension of the advanced economic theory, the talent of lecturer enforced by the outstanding working ability forwarded Vladimir Geleznoff scarcely at the end of his thirties to prepare the publication of “The essays of the political economy” (1898). The subsequent publishing success (8 editions in Russia, the 1918­-year edition in Germany) sufficiently demonstrates that Geleznoff well succeded in meeting the intellectual inquiry of the cross­road epoch of the Russian history and by that taking the worthful place in the history of economic thought in Russia. Being an acknowledged historian of science V. Geleznoff was the first and up to now one of the few to demonstrate the worldwide community of economists the theoretically saturated view of Russian economic thought in its most fruitful period (end of XIX — first quarter of XX century).

Whatever Happened to the Cambridge Capital Theory Controversies? (With comments by L. Pasinetti, F. Fisher, J. Felipe and J. McCombie, R. Greenfield and reply by the authors)

2009 ◽  
pp. 4-27
Author(s):  
A. Cohen ◽  
G. Harcourt
Keyword(s):  
Economic Theory ◽  
Economic Thought ◽  
Point Of View ◽  
Chronological Order ◽  
Capital Theory

The article written by the well-known theorists and historians of economic thought contains a detailed overview of the Cambridge capital controversy, which had raged from the mid-1950-s through the mid-1970-s. The authors track the origins of the controversy and cover arguments of both sides in chronological order. From their point of view, the discussion hasnt been resolved, and its main underlying aspects were ideological beliefs and fundamental methodological controversies on the nature of equilibrium and on the role of time in economic theory. The article is published with comments written by other leading theoreticians.

Mercantilism Revisited

1980 ◽  
Vol 23 (4) ◽  
pp. 773-791 ◽  
Author(s):  
D. C. Coleman
Keyword(s):  
Economic Theory ◽  
Economic Policy ◽  
Seventeenth Century ◽  
Economic History ◽  
Extreme Case ◽  
Economic Thought ◽  
The State ◽  
Economic Situation ◽  
The Status

The intention of this paper is to look at some of the problems which arise in attempts to provide ‘explanations’ of mercantilism and especially its English manifestations. By ‘explanations’ I mean the efforts which some writers have made causally to relate the historical appearance of sets of economic notions or general recommendations on economic policy or even acts of economic policy by the state to particular long-term phenomena of, or trends in, economic history. Historians of economic thought have not generally made such attempts. With a few exceptions they have normally concerned themselves with tracing and analysing the contributions to economic theory made by those labelled as mercantilists. The most extreme case of non-explanation is provided by Eli Heckscher's reiterated contention in his two massive volumes that mercantilism was not to be explained by reference to the economic circumstances of the time; mercantilist policy was not to be seen as ‘the outcome of the economic situation’; mercantilist writers did not construct their system ‘out of any knowledge of reality however derived’. So strongly held an antideterminist fortress, however congenial a haven for some historians of ideas, has given no comfort to other historians – economic or political, Marxist or non-Marxist – who obstinately exhibit empiricist tendencies. Some forays against the fortress have been made. Barry Supple's analysis of English commerce in the early seventeenth century and the resulting presentation of mercantilist thought and policy as ‘the economics of depression’ has passed into the textbooks and achieved the status of an orthodoxy.

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