scholarly journals French Political Economy and Positivism (or how history of economic thought became mainstream economics)La Economía Política Francesa y el Positivismo (o cómo la historia del pensamiento económico se hizo ortodoxia económica)

2017 ◽  
Vol 4 (2) ◽  
Author(s):  
Christophe Salvat
Keyword(s):  
Political Economy ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
Mainstream Economics ◽  
History Of

scholarly journals The sweet-and-sour soup of Michał Kalecki's political economy

2020 ◽  
Vol 56 (3) ◽  
pp. 275-279
Author(s):  
Aleksander Sulejewicz
Keyword(s):  
Political Economy ◽  
Developing Countries ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
Economic Research ◽  
Main Claim ◽  
Academic Teaching ◽  
Mainstream Economics ◽  
History Of ◽  
Capitalist State

AbstractLeszek Jasiński [2019] attempts, as the title indicates, “a reading after half a century” of Michał Kalecki's thought. We dispute the main claim in the book, i.e. that Kalecki has a firm place in contemporary mainstream economics and was the originator of many ideas generally accepted today. On careful reading, virtually none of the models and theories by Kalecki selected by Jasiński for appraisal has entered mainstream neoclassical economic research and graduate academic teaching. Most of his policy advice was also neglected by the Capitalist State, (post)Stalinist “socialist” State, and “Intermediate Regimes” in developing countries. His opus remains original, advanced, insightful but heterodox in all contexts. Our main thesis is that, toutes proportions gardées, Jasiński is signalling an attempt to repeat the absorption of ‘bastardised’ Keynesianism into the mainstream “grand neoclassical synthesis” in the 1940s/50s with selected, reinterpreted, ‘bastardised’ Kaleckian ideas today. We also doubt that the unilinear view of the history of economic thought can be sustained.

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).

The Pragmatic Basis of Keynes's Political Economy

1946 ◽  
Vol 6 (2) ◽  
pp. 121-152 ◽  
Author(s):  
Dudley Dillard
Keyword(s):  
Political Economy ◽  
Great Depression ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
John Maynard Keynes ◽  
The Great Depression ◽  
Widespread Adoption ◽  
The Future ◽  
History Of ◽  
Second World

Although we still live in the shadow of the years between the First and the Second World Wars, already it seems quite clear that future historians of economic thought will regard John Maynard Keynes as the outstanding economist of this turbulent period. As one writer has recently said, “The rapid and widespread adoption of the Keynesian theory by contemporary economists, particularly by those who at first were highly critical, will probably be recorded in the future history of economic thought as an extraordinary happening.” Book after book by leading economists acknowledges a heavy debt to the stimulating thought of Lord Keynes. The younger generation of economists, especially those whose thinking matured during the great depression of the thirties, have been particularly influenced by him.

2. The Nineteenth-Century Roots of Theoretical Traditions in Global Political Economy

2020 ◽  
pp. 25-51
Author(s):  
Matthew Watson
Keyword(s):  
Nineteenth Century ◽  
Political Economy ◽  
Free Trade ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
Trade Policies ◽  
Friedrich List ◽  
Global Political Economy ◽  
History Of ◽  
Historical Origins

This chapter focuses on the historical origins and the subsequent intellectual lineage of the three core theoretical positions within contemporary global political economy (GPE): realism, liberalism, and Marxism. ‘Textbook GPE’ privileges nineteenth-century understandings of political economy when discussing the pre-history of its own field. This helps explains GPE's treatment of feminist scholarship within the textbooks; feminism remains largely marginalized from textbook GPE, presented as something of a postscript to avoid accusations of it having been omitted altogether rather than being placed centre stage in the discussion. The chapter then looks at how the nineteenth-century overlay operates in textbook GPE. To do so, it makes sense to concentrate in the first instance on the issue that did most to divide nineteenth-century economists: namely, the free trade policies resulting from the general ascendancy of laissez-faire ideology. The most celebrated of the critics, Friedrich List, is treated much more as a dependable authority figure in GPE than he is in the history of economic thought. Indeed, in textbook GPE, the disputes between realist and liberal positions is very often presented initially through an account of List's work, despite the pre-history of liberalism being much the longer of the two.

Three French Socialist Economists: Leroux, Proudhon, Walras

1996 ◽  
Vol 18 (1) ◽  
pp. 133-153 ◽  
Author(s):  
Michel Herland
Keyword(s):  
Political Economy ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
Embryonic Stage ◽  
Alphabetical Order ◽  
Pure Theory ◽  
History Of

Are Pierre Leroux, Pierre-Joseph Proudhon and Leon Walras economists? Certainly, but to a different extent. This alphabetical order, which is also that of chronology, seems to be in inverse order of merit—at least in the opinion of Joseph A. Schumpeter, who praised Walras as “the greatest of all economists…as far as pure theory is concerned” (1954, p. 827), but who briefly described Proudhon as someone who defended “results that are no doubt absurd” (ibid., p. 457). Leroux's name does not even appear in Schumpeter's 1954 book, nor in any other history of economic thought. Although the judgment pronounced by a historian on one or another of our three authors may be contested, there seems no reason to call into question the hierarchy implicitly established by Schumpeter. In a certain way the succession: Leroux, Proudhon, Walras, represents and summarizes the development of political economy, beginning with the embryonic stage (which would be represented by Leroux), passing through the disorders of adolescence (Proudhon), and finally arriving at the stage of scientific maturity (Walras).

scholarly journals Journal of the History of Economic Thought Preprints - Beyond Say’s Law: The Significance of J.-B. Say’s Monetary Views

2017 ◽  
Author(s):  
Guy Numa ◽  
Alain Béraud
Keyword(s):  
Political Economy ◽  
Economic Thought ◽  
Complete Picture ◽  
History Of Economic Thought ◽  
Monetary Theory ◽  
Economic Crises ◽  
History Of ◽  
The Subject ◽  
The Many ◽  
Proper Context

Say’s notion of débouchés has not been correctly understood, for lack of proper context within the framework of his broader political economy. We revisit Say’s writings on this topic, retrace the concept’s evolution, and lay out a framework that better illustrates the essence of Say’s thinking. We argue that Say’s theories on money and economic crises are much richer and more sophisticated than the traditional interpretation of Say’s law would suggest. Say himself acknowledged that his monetary theory contradicted his initial articulations of the law, a point often missed by contemporary observers. This essay paints a more complete picture of Say’s work, showing how monetary changes could, under his framework, affect real variables. In so doing, it cuts against the many simplistic interpretations that pervade the existing literature on the subject.

Sign in / Sign up

Export Citation Format

Share Document