The Law of Conservation of Matter and Energy in the History of Economic Thought

1990 ◽  
Vol 12 (1) ◽  
pp. 96-102
Author(s):  
William S. Kern
Keyword(s):  
Significant Influence ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
Newtonian Mechanics ◽  
Self Interest ◽  
History Of ◽  
The Law ◽  
Economic Thinking

The development of economic thinking has seldom taken place entirely independently of developments in other disciplines. There is a long history of interdisciplinary influences among economics, mathematics, physics, biology, and philosophy. Among the most influential of these other disciplines has been physics. Numerous authors have attributed significant influence upon economics to Newtonian mechanics (Taylor 1960, Georgescu-Roegen 1971). The strength of that influence is perhaps best illustrated by William Stanley Jevons's proclamation of his attempt to reconstruct economics as “the mechanics of utility and self interest.“ Frank Knight, having observed what Jevons and others had wrought, concluded that mechanics had become the “sister science” of economics (Knight 1976, p. 85).

scholarly journals PEMIKIRAN EKONOMI IBNU TAIMIYAH

2017 ◽  
Vol 2 (2) ◽  
pp. 111-127
Author(s):  
Fasiha Fasiha
Keyword(s):  
Historical Development ◽  
Economic Thought ◽  
Market Mechanism ◽  
History Of Economic Thought ◽  
Demand And Supply ◽  
Price Increases ◽  
History Of ◽  
The Government ◽  
Islamic Civilization ◽  
Economic Thinking

The development of Islamic economics can not be separated from the historical development of Islamic civilization. The study of the history of economic thought by analyzing the description of economic thinking Ibn Taymiyyah and the history of life that affect the economic thinking of Ibn Taymiyyah. According to Ibn Taymiyyah pricing by the government is good, but not absolute, because the actual prices are set by the forces of demand and supply. Another case, if the price increases caused by injustice market mechanism, the government may intervene in pricing. To achieve this purpose, it is necessary formation hisbah institutions with the aim of protecting the interests of buyers and sellers

scholarly journals Mark Blaug on the historiography of economics

2014 ◽  
Vol 6 (3) ◽  
pp. 44 ◽  
Author(s):  
John B. Davis
Keyword(s):  
Economic Thought ◽  
History Of Economic Thought ◽  
Economic Methodology ◽  
Knowledge Argument ◽  
Historical Reconstruction ◽  
Positive Argument ◽  
Process View ◽  
History Of ◽  
Evolutionary View ◽  
Economic Thinking

This paper discusses how Mark Blaug reversed his thinking about the historiography of economics, abandoning 'rational' for 'historical' reconstruction, and using an economics of scientific knowledge argument against Paul Samuelson and others that rational reconstructions of past ideas and theories in the "marketplace of ideas" were Pareto inefficient. Blaug's positive argument for historical reconstruction was built on the concept of "lost content" and his rejection of the end-state view of competition in favor of a process view. He used these ideas to emphasize path dependency in the development of economic thinking, thereby advancing an evolutionary view of economics that has connections to a Lakatosian understanding of economic methodology. The paper argues that Blaug was essentially successful in criticizing the standard rational reconstructionist view of the history of economic thought in economics, and that this is borne out by the nature of the change in recent economics.

scholarly journals Journal of History of Economic Thought Preprints- Ricardo and Ricardians on the Order of Culivation

2018 ◽  
Author(s):  
BIDARD
Keyword(s):  
Economic Thought ◽  
History Of Economic Thought ◽  
Natural Order ◽  
History Of ◽  
Static Approach ◽  
The Law ◽  
The One ◽  
Law Of Succession

The Ricardian dynamics are based on the study of the order of cultivation when demand increases. Sraffa criticized Ricardo for having assumed that the incoming method is defined by a natural order and stressed that the law of succession of methods is based on a profitability criterion. Then, in the case of intensive cultivation, the question is whether the incoming method is indeed more productive than the one it replaces. Sraffa’s argument relies on the positivity of rent. However, there is a flaw in his reasoning and a failure of the Ricardian dynamics is possible. Post-Sraffian scholars have misunderstood that construction and have substituted a static approach for it. The critiques they address to Sraffa are better understood by returning to Ricardo and Sraffa's own methodology. Fifty years ago, mathematicians rediscovered Ricardo's approach independently and worked out a powerful algorithm inspired by it.

How Homo economicus lost her mind and how we can revive her

2018 ◽  
Vol 41 ◽  
Author(s):  
Peter DeScioli
Keyword(s):  
Economic Thought ◽  
History Of Economic Thought ◽  
Homo Economicus ◽  
Economic Theories ◽  
Target Article ◽  
History Of ◽  
The Mind ◽  
And Behavior

AbstractThe target article by Boyer & Petersen (B&P) contributes a vital message: that people have folk economic theories that shape their thoughts and behavior in the marketplace. This message is all the more important because, in the history of economic thought, Homo economicus was increasingly stripped of mental capacities. Intuitive theories can help restore the mind of Homo economicus.

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).

Thorstein Veblen: A View from the 21st Century

2007 ◽  
pp. 73-85 ◽  
Author(s):  
R. Nureev
Keyword(s):  
21St Century ◽  
Institutional Economics ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
Thorstein Veblen ◽  
History Of

The article provides a description of T. Veblen’s views, showing his place in the history of economic thought. The author analyzes the context of Veblen’s life and work and considers different aspects of his theoretical legacy. Special attention is paid to the discussion of Veblen’s role in the development of institutional economics. The author describes in detail the main trends in the development of institutionalism after Veblen.

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