scholarly journals Journal of the History of Economic Thought Preprints – A Win-Win Model of Development: How Indian Economics Redefined Universal Development from and at the Margins

2020 ◽  
Author(s):  
Maria Bach

In this article, I argue that looking at lesser known intellectuals can help history of economics uncover news ways of seeing the world. My focus is the beginnings of “Indian Economics” and its conceptualization of development. The Indian economists, despite their elite status in India, were from an imperial context where they were never considered economists. Studies throughout the 20th century continued to treat them only as nationalists, rarely as contributors to economic knowledge. My research gives agency to these economists. I show how the position of Indian Economics from the margins of discursive space offered a unique perspective that enabled it to discursively innovate at the margins of development discourse. Indian Economics redefined the concept of universality in the existing 19th century idea of development by rejecting the widely accepted comparative advantage model and assertion that progress originated in Europe. Moreover, the economists pushed for universal industrialization, even for imperial territories, arguing that universal progress was beneficial to all.

Author(s):  
Maria Bach

In this article, I argue that looking at lesser known intellectuals can help the history of economics to uncover new ways of seeing the world. My focus is the beginnings of “Indian economics” and its conceptualization of development. The Indian economists, despite their elite status in India, were from an imperial context where they were never considered economists. Studies throughout the twentieth century continued to treat them only as nationalists, rarely as contributors to economic knowledge. My research gives agency to these economists. I show how the position of Indian economics from the margins of discursive space offered a unique perspective that enabled it to innovate at the margins of development discourse. Indian economics redefined the concept of universality in the existing nineteenth-century idea of development by rejecting the widely accepted comparative advantage model and assertion that progress originated in Europe. Moreover, the economists pushed for universal industrialization, even for imperial territories, arguing that universal progress was beneficial to all.


2020 ◽  
Vol 44 (5) ◽  
pp. 991-1011
Author(s):  
Diogo Lourenço ◽  
Mário Graça Moura

Abstract Tony Lawson’s writings, including those in the history of economics, have an ontological orientation. Several scholars influenced by him likewise practice an ontologically oriented history of economic thought. However, the programme for this sort of history has not been explicitly articulated. In the present paper, we argue that Lawson’s The nature of heterodox economics contains implicitly an ontologically oriented programme in the history of economic thought. We also illustrate the achievements of this programme by reviewing the writings on the later Austrians by Lawson and his associates. Finally, we assess the programme and its achievements in the light of Lawson’s comments on the importance of doing social-scientific ontology and doing history of economic thought.


2017 ◽  
Author(s):  
Manuela Mosca ◽  
Francesco Martelloni

Italy entered the war in May 1915, the USA in April 1917. One hundred years on, this paper examines the viewpoint of Antonio de Viti de Marco, the renowned Italian economist who was one of the founders of the pure theory of Public Finance. It first focuses on De Viti’s interpretation of the economic and political aspects of the Great War, and reconstructs his vision of the world conflict as a struggle between liberal democracies and authoritarian states. Secondly, the paper highlights the convergence of De Viti’s ideals with those of President Wilson, seen as the powerful international leader of the Italian democratic interventionists. It also clarifies that the “Wilsonianism” of this movement originated in the Italian Risorgimento, and suggests that this convergence was not coincidental. Finally, it shows how, after the war, the unconditional admiration De Viti felt for the American positions gave way to bitter disappointment.


2017 ◽  
Author(s):  
Mauro Boianovsky

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 exposition to “other” economic systems, ideas and forms of behavior. That is particularly the case when they travel to new places while their frameworks are in their initial stages or undergoing changes. This essay examines economists’ traveling as a potential source of new hypotheses, from the 18th to the 20th centuries, with a detailed case study of Douglass North’s 1961 travel to Brazil.


2020 ◽  
Vol 13 (2) ◽  
Author(s):  
Heba Ezzeldin Helmy

In this article, the author provides motivation in allocating a new formative Pecha Kucha (PK) presentation assignment on one economic school of thought to groups of students in a History of Economic Thought (HET) course. Each group would then post its PK on the Moodle course forum and comment on other PK presentations. The assignment was aimed at engaging students more with technology; in learning on their own, with each other and from each other; in acquiring abstracting skills; in addressing the breadth rather than only the depth of learning; and in making use of the brevity of PK in shortening the long history of economics. The author expounds the advantages and limitations of this assignment in addition to its applicability in other courses.


1996 ◽  
Vol 18 (2) ◽  
pp. 186-206 ◽  
Author(s):  
James P. Henderson

I found preparing this presidential address a much greater challenge than I had anticipated. After much deliberation, I decided to explore the historical roots of what we are doing now. The History of Economics Society, like other learned societies, holds an annual conference in different cities; members present papers which are discussed; and the Society sponsors a specialist journal—The Journal of the History of Economic Thought. Why? Where did this tradition begin? I turned to several historians of science—I. Bernard Cohen, Thomas S. Kuhn, Richard Yeo, and Ian Hacking—for some background.


2020 ◽  
Vol 72 (4) ◽  
pp. 915-922
Author(s):  
By Roger E Backhouse ◽  
James Forder

Abstract This volume contains a small sample of papers presented to the fiftieth UK History of Economic Thought Conference, held at Balliol College, Oxford, on 29–31 August 2018. Over forty papers were presented, and this special issue contains nine of the thirty-one submitted for possible publication.


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