Was George Stigler Adam Smith's Best Friend? Studying the History of Economic Thought

2007 ◽  
Vol 29 (2) ◽  
pp. 213-228 ◽  
Author(s):  
Craig Freedman

At times economists seem to treat research into the history of their profession as a guilty pleasure, equating it with “the love that dares not speak its name,” to steal an expression from Oscar Wilde. As a field of research it retains at best an equivocal position. Should real economists waste their time amusing themselves with such a completely irrelevant and non-applicable field? This, at best, ambivalent attitude by a clear majority of the profession meant that the establishment of the first journal dedicated to this area of endeavor (History of Political Economy) served as the eagerly awaited signal for the most prestigious general journals to stop publishing articles of this nature. By the 1970s, the subject's relegation to the backwaters of the discipline translated into a generalized move to drop history of economic thought (as well as economic history) as a requirement of graduate education:the history of thought, like all other fields, is well enough served by its own specialists. These were the reasons why Stigler proposed and supported the decision of the Economics Department at the University of Chicago to abandon its history of thought requirement in 1972, before many other departments did (Rosen 1993, p. 811).

2006 ◽  
Vol 28 (4) ◽  
pp. 489-495 ◽  
Author(s):  
R. D. Freeman

When I was studying the history of economic thought at the University of Melbourne in 1959 I was extremely fortunate to have Graham Tucker as my tutor. Tucker was Reader in Economic History in Melbourne during the second half of the 1960s and then became Professor at the Australian National University in Canberra. Taciturn, understated, and droll, Tucker was a wonderful teacher who inspired a deep interest in the history of economics in all those who came under his influence. He was responsible for provoking my interest in Herbert Somerton Foxwell, although at the time it was more one of curiosity about a man who was in many ways an enigma.


Author(s):  
Kurt Dopfer

AbstractEconomic History and History of Economic Thought haven been relegated increasingly from the teaching and research curricula of economics in recent years. The paper starts off arguing that this trend is due to the mechanistic ontology of mainstream economics, and it continues setting out an alternative evolutionary ontology expounding how the historical element must and can be integrated into the body of economic theory. Centre stage is a lingua franca composed of analytical terms that are designed to bridge the domains of theoretical and of historical economic analysis. Economists are viewed in their status as observers whose cognitive dispositions as well as social behaviour co-evolve with the environment they inhabit. Further advances in economic theory are seen as being critically dependent on employing an evolutionary approach and on establishing a communication link to economic history and the history of economic thought which likewise may get essential inspirations from applying that approach.


1947 ◽  
Vol 7 (2) ◽  
pp. 149-159 ◽  
Author(s):  
Joseph A. Schumpeter

Economic historians and economic theorists can make an interesting and socially valuable journey together, if they will. It would be an investigation into the sadly neglected area of economic change.As anyone familiar with the history of economic thought will immediately recognize, practically all the economists of the nineteenth century and many of the twentieth have believed uncritically that all that is needed to explain a given historical development is to indicate conditioning or causal factors, such as an increase in population or the supply of capital. But this is sufficient only in the rarest of cases.


2018 ◽  
Vol 91 (1) ◽  
pp. 110-128
Author(s):  
Emma Rothschild

The article suggests that The Ideological Origins of the American Revolution can be the point of departure for a new economic history that combines the history of economic thought, economic-cultural history, especially of long-distance connections, and the history of ordinary exchanges in economic life.


Author(s):  
Yevhenii Kostyk

The subject of research is the organizational structure and economic activities of the cooperative publishing house «Kultur-Liga». The aim of the study is to study the development of the organizational structure and economic activities of the cooperative publishing house «Kultur-Liga» in the context of economic history. Methods of research. All components of the study are based on fundamental principles – scientific, historicism, objectivity, system, development, priority of concrete verity, pluralism; and also the methods of knowledge of social and economic processes of social development – analysis, synthesis, problem-chronological, comparative analytical, archaeological, retrospective, statistical, a systematic and integrated approach. Research methodology. In the process of investigating this problem, the fundamental principles were based on economic history and history of economic thought, the Ukrainian and foreign scientists’ works and experts in this area. Results of the study. In the study, we tried to consider the development of the organizational structure and economic activities of the cooperative publishing house «Kultur-Liga» in the context of economic history. The field of application of results. The results of this study can be used in studying issues of economic history and the history of economic thought. Conclusions. Thus, noting the fact that we considered above – the development of the organizational structure and economic and economic activity of the cooperative publishing house «Kultura-Liga», permits to characterize the features of the formation organizational structure of a publishing house, to consider social and professional founders and members, to analyze a system of cooperative management based on a share company. It should be noted that in Ukraine at the present stage of development of the market economy where is dominated by various forms of ownership, a national publishing industry is in a difficult situation. The search of an effective model of the national book publishing is an important today, and so in the study particular attention is paid to own historical experience.


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