Bücher der Reihe Palgrave Studies in the History of Economic Thought

This book, the first of two volumes, explores the legacy of Trevor Winchester Swan, often described as Australia's greatest ever economist. An insightful biography is accompanied with Swan's most prominent articles to provide a broad view of his life and work. Particular attention is given to the famous Swan Diagram, known among macroeconomists worldwide, Swan's four zones of economic unhappiness, his view of how economies grew based on capital deepening and technical progress, and the Solow-Swan model of economic growth.This book aims to shed light on the enigmatic and influential life of Trevor Winchester Swan. It will be relevant to students and researchers interested in the history of economic thought.

This book explores the early work and activities of Joan Robinson that focused on economic development within underdeveloped countries, in particular India before independence. By analysing the style of Robinson's thinking and economic analysis, and based on the works of Indian contemporaries, parts of The British Crown and the Indian States previously unattributed to her are seen to exhibit her preoccupation with poverty, backwardness, unemployment, the population problem, international trade, and the role of the state. Through keeping in mind Robinson's later work, the development of her ideas can be reflected upon, alongside critical perspectives. It also reveals the beginnings of her role as a public intellectual.This book aims to shed new light on Joan Robinson's work on development and to provide insight to an overlooked part of her research. It will be relevant to students and researchers interested in the history of economic thought, development economics and economic history.

This book outlines the rich and complex path of Luigi Amoroso, the main exponent of the Paretian School in Italy and probably the most important Italian mathematical economist during the interwar period. The author presents, in a systematic form, the evolution of Amoros's thinking and his main achievements. Despite his relevance, many aspects of Amoroso's thought are little known or misunderstood. This volume delves further to explore the Paretian tradition in which Amoroso enlisted, the conservative anti-democratic ideology that prompted his adhesion to fascism, his contribution to defining the main features of economic theory as formal science, and his various contributions to specific fields such as microeconomic theory, equilibrium dynamics, business cycles and non-competitive markets. It will be relevant to students and researchers interested in the history of economic thought.

This book brings together important essays by Richard F. Kahn, Keynes¿s pupil and literary executor and one of the most influential economists in the Cambridge tradition. The essays address issues, including imperfect competition, pricing mechanisms, inflation, unemployment, and the regulation of international trade and finance, that are highly relevant and topical They are addressed from a Keynesian perspective, with the interface between economic theory and policy explored. With the inclusion of a new introduction, the essays are placed in their own context and offer the key to understand their relevance for the present.Richard F. Kahn: Collected Economic Essays is a fitting companion to the 1972 collection of essays, edited by Kahn himself. It will be of interest to scholars and students as a key to an outstanding economist and a great figure in the Keynesian tradition.

Inspired by his lectures on rhetoric and by game theory, this book provides a new interpretation of Adam Smith¿s system of thought. It highlights its coherence through the identification of three reasoning routines and a meta-reasoning routine throughout his work on languages, rhetoric, moral sentiments, self-command, and the nature and causes of the wealth of nations. The identification of these reasoning routines allows the authors to uncover a hitherto poorly understood deep structure of Smith¿s work and to explain its main characteristics. How these routines emerged in Smith¿s early research on the principles of the human mind is also traced. This book sheds new light on Adam Smith and his work, highlighting his sophisticated understanding of strategic interaction in all things rhetorical, moral, and economic. It will be relevant to students and researchers interested in the history of ideas, the history of economic thought, game theory, Enlightenment studies, and rhetoric.

This book examines Gunnar Myrdal's analysis of poverty in relation to Sweden, the United States, South Asia, and the international economy. The challenge of world poverty, the international dimension of poverty, and the legacy of The American Dilemma and Asian Drama are also discussed.

This book offers the first intellectual biography of the Anglo Australian economist, Colin Clark. He was the first economist to derive the concept of GNP, the first to broach development economics and to foresee the re-emergence of India and China within the global economy.

This book chronicles the rise and especially the demise of diverse revolutionary heterodox traditions in Cambridge theoretical and applied economics, investigating both the impact of internal pressures within the faculty as also the power of external ideological and political forces unleashed by the global dominance of neoliberalism.

This book demonstrates the continuing relevance of Marx's critique of the capitalist system, in which value is simply equated with market price. Section I demonstrates how fetishism developed in Marx's writing from a journalistic metaphor to an analytical device central to his critique.

Tiziano Raffaelli (Pisa 1950) was a widely esteemed scholar in the field of the history and methodology of economics, who died suddenly in January 2016 while still in the midst of working and of developing projects for new lines of research.

This edited volume combines these different strands of historical narrative into a unified framework, showing how political economy was integral to the interwar literature on international relations and, conversely, how economists were eager to incorporate international politics into their own concerns.

This edited volume combines these different strands of historical narrative into a unified framework, showing how political economy was integral to the interwar literature on international relations and, conversely, how economists were eager to incorporate international politics into their own concerns.

This book presents an alternative approach to monetary theory that differs from the General Theory of Keynes, the Monetarism of Friedman, and the New Classicism of Lucas. Particular attention is given to the work of Hawtrey and his analysis of financial crises and his explanation of the Great Depression. The unduly neglected monetary theory of Hawtrey is examined in the context of his contemporaries Keynes and Hayek and the subsequent contributions of Friedman and of the Monetary Approach to the Balance of Payments.Studies in the History of Monetary Theory aims to highlight the misunderstandings of the quantity theory and the price-specie-flow mechanism and to explain their unfortunate consequences for the subsequent development of monetary theory. The book is relevant to researchers, students, and policymakers interested in the history of economic thought, monetary theory, and monetary policy.

This book offers the first systematic analysis of economic thought concerning war. Allio shows different economic perspectives from which it is possible to study war as a tool to achieve economic ends: causes, consequences, costs, funding methods, and effects on the economic status of the state and on the well-being of citizens.

Tiziano Raffaelli (Pisa 1950) was a widely esteemed scholar in the field of the history and methodology of economics, who died suddenly in January 2016 while still in the midst of working and of developing projects for new lines of research.

This book examines the work of Adam Smith and his interest in the science of the legislator. Smith¿s criticism of the mercantile system and the political dimension of capitalism is discussed, alongside insight into what institutions he saw as necessary to transform the mercantile system into a system of natural freedom. Through insights into Smith¿s analysis of the political threats of capital accumulation and the growth of inequality, the point at which he discovered capitalism is highlighted.This book aims to explore Smith¿s belief set out in The Wealth of Nations that the mercantile system was a viable, if dangerous, economic model. It is relevant to students and researchers interested in the history of economic thought.

This book explores the vital role of merchants within early modern China. Unlike European merchants, their Sino-colleagues have long been regarded as certain social pariahs after pre-Qin period, despite the fortune they made. The key mission of this monograph is to investigate whether the standing of merchants in the Ming Empire has been improved compared with their predecessors. Generally, their status is reflected in state-merchant relationship and their role in the market, which can be found in miscellaneous economic activities such as market monopoly, commercial taxation, international trade, and consumption.This book aims to be of relevance to students and researchers interested in early modern history, eastern commerce, Ming merchants, and contemporary global affairs.

Most economists who read the General Theory candidly admitted that they could not understand the theoretical apparatus and found it easy to recast it in traditional terms. This book provides a masterful guide to the generally unrecognized methodological revolution that supported the new theoretical concepts -- a veritable lodestone that complements and expands understanding on the treatment of the economic magnitudes appropriate to the ideal of generality in the social sciences, to the applicability of probability, to the formulation of decision-making under uncertainty, and the foundations of economic policy in interdependent economic systems. _Jan Kregel, Levy Economics InstituteAnna Carabelli sets out Keynes¿s understanding of economics as a way of thinking, encompassing method and morals, rather than as a doctrine. She does so with her customary admirable scholarship and also her willingness to take controversial positions. I commend the volume most highly to Keynes scholars as a drawing-together and development of the themes that Carabelli has pursued since the publication of her 1988 classic, On Keynes¿s Method. Further Keynes¿s approach was designed to be applied to different contexts, so I enthusiastically recommend the volume also as a foundation and guide for anyone open to such a ¿new way of reasoning in economics¿ for the modern era. _Sheila Dow, University of Stirling This book examines the philosophy and methodology of Keynes, highlighting its novelty and how it presented a new form of economic reasoning. Exploring Keynes¿s use of non-demonstrative logic, based onprobability, commonalities are found in his economics, ethics, aesthetics, and international relations. Insights are provided into his reasoning and his approach to uncertainty, rationality, measurability of complex magnitudes, moral and rational dilemmas, and irreducible conflicts.This book investigates methodological continuity within Keynes¿s work, in particular in relation to uncertainty, complexity, incommensurability, happiness and openness. It will be relevant to students and researchers interested in Keynes, probability, ambiguity, ethics and the history of economic thought.

This Festschrift is published in honour of Annalisa Rosselli, a political economist and historian of economic thought, whose academic activity has promoted unconventional ways of thinking throughout her career.

1.Italian Economics and Fascism: An Institutional View2. Economists and the Fascist Regime: A Painful Continuity?3 The Persistence of Tradition: The Economists in the Law Faculties and in the Higher Institutes of Business Studies (1922 - 1943)4.The Faculties of Political Sciences and Schools for Advanced Corporative Studies5. The Economic Culture of Academic Journals during Fascism6.''Generalist'' Journals between Economic Culture and Regime Propaganda7.Manuals of Economics during the Ventennio: Forging the Homo Corporativus?8.Series of Economics and Encyclopaedias

This book examines the life and work of Ajit Singh (1940-2015), a leading radical post-Keynesian applied economist who made major contributions to the policy-oriented study of both developed and developing economies, and was a key figure in the life and evolution of the Cambridge Faculty of Economics.

This Festschrift is published in honour of Annalisa Rosselli, a political economist and historian of economic thought, whose academic activity has promoted unconventional ways of thinking throughout her career.

Italy is well known for its prominent economists, as well as for the typical public profile they have constantly revealed. But, when facing an illiberal and totalitarian regime, how closely did Italian economists collaborate with government in shaping its economic and political institutions, or work independently? This edited book completes a gap in the history of Italian economic thought by addressing in a comprehensive way the crucial link between economics and the fascist regime, covering the history of political economy in Italy during the so-called ΓÇ£VentennioΓÇ¥ (1922-1943) with an institutional perspective. The approach is threefold: analysis of the academic and extra-academic scene, where economic science was elaborated and taught, the connection between economics, society and politics, and the dissemination of scientific debate. Special attention is given to the bias caused by the Fascist regime to economic debate and careers. This Volume II looks at the role that economists played in society and in politics, and how this was played. In exploring the public side of the profession and the ΓÇ£fascistisationΓÇ¥ of institutions, this book also examines academic epuration and emigration, and the post-WW2 purge of fascist economists.Volume I (available separately) explores how the economics profession was managed under fascism, the restructuring of higher education, the restriction of freedom in teaching and of the press, and various fascist cultural and propaganda initiatives.