Journal of the History of Economic Thought

1979 - 2025

From Cambridge University Press
Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
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Volume 40, issue 4, 2018

‘VALUE IS NOT A FACT’: REPRODUCTION COST AND THE TRANSITION FROM CLASSICAL TO NEOCLASSICAL REGULATION IN GILDED AGE AMERICA pp. 445-470

Nicola Giocoli

HAWTREY, AUSTERITY, AND THE “TREASURY VIEW,” 1918 TO 1925 pp. 471-492

Clara Elisabetta Mattei

KEYNES, PUBLIC DEBT, AND THE COMPLEX OF INTEREST RATES pp. 493-512

Tony Aspromourgos

MATHEMATICS IS THE LANTERN: VITO VOLTERRA, LÉON WALRAS, AND IRVING FISHER ON THE MATHEMATIZATION OF ECONOMICS pp. 513-537

Sonya Scott

CLASHING ANALYSES OF SPECULATION AND THE EARLY REGULATION OF US FUTURES MARKETS pp. 539-560

John Berdell and Jin Wook Choi

SIR JAMES STEUART ON THE ORIGINS OF COMMERCIAL NATIONS pp. 561-578

Jose Menudo

Keith Tribe, Governing Economy: The Reformation of German Economic Discourse 1750–1840, rev. 2nd ed. (Newbury, UK: Threshold Press, 2017), pp. 346, £35. ISBN: 9781903152362 pp. 579-583

Alexandre Cunha

Tyler Beck Goodspeed, Legislating Instability: Adam Smith, Free Banking, and the Financial Crisis of 1772 (Cambridge, MA: Harvard University Press, 2016), pp. 224, $39.95. ISBN: 9780674088887 pp. 583-584

Maria Pia Paganelli

Lars Magnusson and Bo Stråth, A Brief History of Political Economy: Tales of Marx, Keynes and Hayek (Cheltenham, UK, and Northampton, MA: Edward Elgar, 2016), pp. xxix + 165, £70 (hardcover). ISBN: 9781785369049 pp. 585-586

Rodolfo Signorino

Volume 40, issue 3, 2018

READING KEYNES AT THE ZERO LOWER BOUND: THE GREAT DEPRESSION, THE LIQUIDITY TRAP, AND UNCONVENTIONAL POLICY pp. 301-334

Richard Sutch

LIMITS TO ARBITRAGE AND INTEREST RATES: A DEBATE AMONG KEYNES, HAWTREY, AND HICKS pp. 335-351

Lucy Brillant

SPONTANEOUS GROWTH, USE OF REASON, AND CONSTITUTIONAL DESIGN: IS F. A. HAYEK’S SOCIAL THOUGHT CONSISTENT? pp. 353-376

Régis Servant

EUGENICS AND SOCIALIST THOUGHT IN THE PROGRESSIVE ERA: THE CASE OF JAMES MEDBERY MACKAYE pp. 377-388

Luca Fiorito and Tiziana Foresti

RICARDO AND RICARDIANS ON THE ORDER OF CULTIVATION pp. 389-399

Christian Bidard

DREAMS OF ORDER AND FREEDOM: DEBATING TRADE MANAGEMENT IN EARLY SEVENTEENTH-CENTURY ENGLAND pp. 401-418

Carlos Suprinyak

WHAT DOES IT MEAN? A COMMENT ON THE ALLEGED ANTI-SEMITISM OF JOHN R. COMMONS pp. 419-432

J. Dennis Chasse

David M. Levy and Sandra J. Peart, Escape from Democracy: The Role of Experts and the Public in Economic Policy (New York: Cambridge University Press, 2017), pp. xvii + 275, $34.99 (paperback). ISBN: 9781316507131 pp. 433-434

Daniel Nientiedt

David F. Hardwick and Leslie Marsh, eds., Propriety and Prosperity: New Studies on the Philosophy of Adam Smith (Basingstoke: Palgrave Macmillian, 2014), pp. xviii + 283, $115 (hardcover). ISBN: 9781137321681 pp. 435-437

Laurie Bréban

Joseph Persky, The Political Economy of Progress: John Stuart Mill and Modern Radicalism (Oxford: Oxford University Press, 2016), pp. 272, $78 (hardcover). ISBN: 9780190460631 pp. 438-440

Laura Mattos

Hugh Grant, W. A. Mackintosh: The Life of a Canadian Economist (Montreal and Kingston: McGill-Queen’s University Press, Carleton Library Series 233, 2015), pp. xi + 545, $49.95 (paperback). ISBN: 9780773546387 pp. 441-443

Robert Dimand

Matthias Schmelzer, The Hegemony of Growth: The OECD and the Making of the Economic Growth Paradigm (Cambridge, UK: Cambridge University Press, 2016), pp. xii + 384, $99.99 (hardcover). ISBN: 9781107130609 pp. 443-444

James Forder

Volume 40, issue 2, 2018

2017 HES PRESIDENTIAL ADDRESS: ECONOMISTS AND THEIR TRAVELS, OR THE TIME WHEN JFK SENT DOUGLASS NORTH ON A MISSION TO BRAZIL pp. 149-177

Mauro Boianovsky

DE VITI DE MARCO, THE “EUROPEAN WAR,” AND PRESIDENT WILSON pp. 179-199

Francesco Martelloni and Manuela Mosca

THE CONTRIBUTION OF ROBERT TORRENS TO RICARDO’S THEORY OF NATURAL WAGE pp. 201-215

Olivier Rosell

BEYOND SAY’S LAW: THE SIGNIFICANCE OF J.-B. SAY’S MONETARY VIEWS pp. 217-241

Alain Beraud and Guy Numa

A. J. BROWN, “PHILLIPS’S CURVE,” AND ECONOMIC NETWORKS IN THE 1950S pp. 243-264

Kenneth Button

DISCUSSION FORUM ON “‘KEYNES, MILL, AND SAY’S LAW,’ BY ROY GRIEVE” pp. 265-265

Stephen Meardon

KEYNES, MILL, AND SAY’S LAW: A COMMENT ON ROY GRIEVE’S MISTAKEN CRITICISMS OF MILL pp. 267-273

James C. W. Ahiakpor

OFF TARGET: PROFESSOR AHIAKPOR ON KEYNES, MILL, AND SAY’S LAW pp. 275-278

Roy Grieve

MAKING SENSE OF CLASSICAL THEORY pp. 279-283

Steven Kates

KEYNES, J.-B. SAY, J. S. MILL, AND SAY’S LAW: A NOTE ON KATES, GRIEVE, AND AHIAKPOR pp. 285-289

Alain Beraud and Guy Numa

Rowena Olegario, The Engine of Enterprise: Credit in America (Cambridge, MA: Harvard University Press, 2016), pp. 312, $41 (hardcover). ISBN: 9780674051140 pp. 291-294

Nicholas Curott

Manuela Mosca, Antonio de Viti de Marco: A Story Worth Remembering (Basingstoke: Palgrave Macmillan, 2016), pp. 141, $100. ISBN: 9781137534927 pp. 294-296

Ross Emmett

Gareth Dale, Karl Polanyi: A Life on the Left (New York: Columbia University Press, 2016), pp. xii, 381, $40 (hardcover), $27 (paperback). ISBN: 978023117608-8 pp. 296-298

Reinhard Schumacher

Richard Pomfret and John K. Wilson, eds., Sports Through the Lens of Economic History, New Horizons in the Economics of Sport Series (Northampton: Edward Elgar Publishing, 2016), pp. 168, $99.95 (hardcover). ISBN: 9781784719944 pp. 298-300

Ricardo Santos

Volume 40, issue 1, 2018

HARRY HELSON’S ADAPTATION-LEVEL THEORY, HAPPINESS TREADMILLS, AND BEHAVIORAL ECONOMICS pp. 1-22

José Edwards

BON PRIX, PROFIT, AND CAPITAL ACCUMULATION IN QUESNAY pp. 23-40

Matteo Menegatti

WICKSELL ON WALRAS’S EARLY TREATMENT OF CAPITAL AND INTEREST pp. 41-56

Andrea Imperia, Vincenzo Maffeo and Fabio Ravagnani

ECONOMIC DYNAMICS AND THE CALCULUS OF VARIATIONS IN THE INTERWAR PERIOD pp. 57-79

Mario Pomini

THE AVERAGE PERIOD OF PRODUCTION: THE HISTORY AND REHABILITATION OF AN IDEA pp. 81-98

Peter Lewin and Nicolas Cachanosky

MONETARY THEORY AND CAMERALIST ECONOMIC MANAGEMENT, C. 1500–1900 A.D pp. 99-134

Philipp Robinson Rössner

Michel De Vroey, A History of Macroeconomics: From Keynes to Lucas and Beyond (Cambridge: Cambridge University Press, 2016), pp. xix + 445, $49.99 (paperback). ISBN: 9781107584945 pp. 135-137

Roger Backhouse

James A. Harris, Hume: An Intellectual Biography (New York: Cambridge University Press, 2015), pp. xiii + 621, $55. ISBN: 9780521837255 pp. 137-140

Ryu Susato

Cecil E. Bohanon and Michelle Albert Vachris, Pride and Profit: The Intersection of Jane Austen and Adam Smith (Lanham, MD: Lexington Books, 2015), 181 pp., $80. ISBN: 9780739191835 pp. 140-141

Heather King

Kenneth Scheve and David Stasavage, Taxing the Rich: A History of Fiscal Fairness in the United States and Europe (New York, Princeton, and Oxford: Russell Sage Foundation and Princeton University Press, 2016), pp. 288, $29.95 (hardcover). ISBN: 9780691165455 pp. 142-144

Frank W. Garmon

Samuel Bostaph, Andrew Carnegie: An Economic Biography (Lanham, MD: Lexington Books, 2015), pp. xii + 125, $75 (hardcover). ISBN: 9780739189832 pp. 144-146

David Gindis

Dotan Leshem, The Origins of Neoliberalism: Modeling the Economy from Jesus to Foucault (New York: Columbia University Press, 2016), pp. 248, $60 (hardcover). ISBN: 9780231177764 pp. 146-148

Paul Oslington

Volume 39, issue 4, 2017

NEOLIBERAL ECONOMISTS AND THE BRITISH WELFARE STATE, 1942–1975 pp. 413-427

George Peden

DOCTRINAL DEVELOPMENTS IN INTERNATIONAL MONEY: THE QUESTION OF CURRENCY INTERNATIONALIZATION FROM BRETTON WOODS TO THE 1970S pp. 429-451

Anthony M. Endres

THE POLITICAL ECONOMY OF INCLUSION: THE RISE AND FALL OF THE WORKHOUSE SYSTEM pp. 453-481

Cosma Orsi

RICHARD KAHN AND THE STABILIZATION OF COMMODITY PRICES pp. 483-501

Annalisa Rosselli

HARRY JOHNSON ON THE PHILLIPS CURVE pp. 503-522

James Forder

THE INTEGRATION OF SEARCH IN MACROECONOMICS: TWO ALTERNATIVE PATHS pp. 523-548

Samuel Danthine and Michel De Vroey

ON PERFORMATIVITY: OPTION THEORY AND THE RESISTANCE OF FINANCIAL PHENOMENA pp. 549-569

Nicolas Brisset

MCCARTHYISM AND THE MATHEMATIZATION OF ECONOMICS pp. 571-597

E. Roy Weintraub

AN INCONSISTENCY IN FRIEDMAN’S PRESIDENTIAL ADDRESS TO THE AEA: A CORRECTION pp. 599-600

James Forder

Thomas C. Leonard, Illiberal Reformers: Race, Eugenics, and American Economics in the Progressive Era (Princeton: Princeton University Press, 2016), pp. 233, $35 (hardcover). ISBN: 978-0-691-16959-0 pp. 601-603

Marco Cavalieri

Mario Garcia-Molina and Hans-Michael Trautwein, eds., Peripheral Visions of Economic Development: New Frontiers in Development Economics and the History of Economic Thought (New York: Routledge, 2016), pp. 342, $163 (hardcover). ISBN: 978-1-13890-922-9 pp. 603-606

Alexandre Cunha

Peter J. Boettke and Peter T. Leeson, eds., The Economic Role of the State, The International Library of Critical Writings in Economics Series, 304 (Aldershot: Edward Elgar Publishing, 2015), pp. xxv + 860, $440 (hardcover). ISBN: 978-1-84376-312-3 pp. 606-609

Steven Medema

Philipp Lepenies, The Power of a Single Number: A Political History of GDP (New York: Columbia University Press, 2016), pp. 208, $30. ISBN: 978-0-23117-510-4 pp. 610-611

Diane Coyle

L. Albert Hahn, Economic Theory of Bank Credit (Oxford: Oxford University Press, 2015), pp. 160, $75. ISBN: 978-0-19872-307-3 pp. 611-614

Thomas Hogan

Heinz D. Kurz and Neri Salvadori, eds., The Elgar Companion to David Ricardo (Cheltenham, UK, and Northampton, MA: Edward Elgar, 2015), pp. xiv+603, $290. ISBN: 978-1-84844-850-6 pp. 614-617

Shin Kubo

Claude Ménard and Élodie Bertrand, eds., The Elgar Companion to Ronald H. Coase (Cheltenham: Edward Elgar, 2015), pp. 368, $210 (hardcover). ISBN: 978-1-78254-738-3 (hardcover), 978-1-78254-799-0 (e-book) pp. 618-620

Alain Marciano

Erwin Dekker, The Viennese Students of Civilization: The Meaning and Context of Austrian Economics Reconsidered (Cambridge: Cambridge University Press, 2016), pp. xii + 220, $110 (hardcover). ISBN: 978-1-10712-640-4 pp. 620-623

Karen I. Vaughn

Fiorenzo Mornati, Una biografia intellettuale di Vilfredo Pareto: I. Dalla scienza alla libertà (1848–1891) (Roma: Edizioni Storia e Letteratura, Uomini e dottrine 66, 2015), pp. viii + 184, €28 (paperback). ISBN: 978-88-6372-858-3 pp. 624-626

Giorgio Baruchello

Vilfredo Pareto, Manual of Political Economy: A Critical and Variorum Edition, edited by Aldo Montesano, Alberto Zanni, Luigino Bruni, John S. Chipman, and Michael McLure (Oxford: Oxford University Press, 2014), pp. xxv + 664, $185. ISBN: 978-0-19-960795-2 pp. 626-627

Fiorenzo Mornati

Nahid Aslanbeigui and Guy Oakes, Arthur Cecil Pigou, Great Thinkers of Economics Series (Basingstoke: Palgrave Macmillan, 2015), pp. 309, $120 (hardcover). ISBN: 978-0-230-25271-4 pp. 628-630

Rogério Arthmar

Daniel Aronoff, A Theory of Accumulation and Secular Stagnation: A Malthusian Approach to Understanding a Contemporary Malaise (Basingstoke: Palgrave Macmillan, 2016), pp. viii + 144, $67.50 (hardcover). ISBN: 978-1-137-562290-3 pp. 630-634

Bruno Chiarini

Scott B. Sumner, The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression (Oakland: The Independent Institute, 2015), pp. xviii + 507, $37.95 (hardcover). ISBN: 978-1-59813-150-5 pp. 634-638

Gene Callahan

Volume 39, issue 3, 2017

THE ORIGINS AND THEORETICAL FOUNDATION OF ORIGINAL INSTITUTIONAL ECONOMICS RECONSIDERED pp. 293-322

Bruce Kaufman

ADAM SMITH’S THEORY OF MONEY AND BANKING pp. 323-347

Nicholas A. Curott

THE GESELL CONNECTION DURING THE GREAT DEPRESSION pp. 349-379

Rosario Patalano

KEYNES, ANIMAL SPIRITS, AND INSTINCT: REASON PLUS INTUITION IS BETTER THAN RATIONAL pp. 381-399

Vincent Barnett

Roger E. Backhouse and Philippe Fontaine, eds., A Historiography of the Modern Social Sciences (New York: Cambridge University Press, 2014), pp. 248, $98. ISBN: 978-1-10703-772-4 pp. 401-405

E. Roy Weintraub

Michael H. Turk, The Idea of History in Constructing Economics (London and New York: Routledge, 2016), pp. 242, $163 (hardcover), $54.95 (e-book). ISBN 978-1-138-80889-8 (hardcover); 978-1-315-75036-1 (e-book) pp. 405-406

Marcel Boumans

Donald Winch, Secret Concatenations: Mandeville to Malthus (Rounded Globe, http://roundedglobe.com, April 2015), pp. 125. Kindle Edition. $4.55 pp. 407-409

Jeffrey Young

Simon Mouatt, The Dissolution of the Financial State: A Marxian Examination of the Political Economy of Money Since the 1930s (New York: Lexington Books, 2015), pp. xvi, 258, $90.00. ISBN 978-0-7391-9037-1 pp. 409-411

Spencer J. Pack

Volume 39, issue 2, 2017

2016 HES PRESIDENTIAL ADDRESS: STATISTICAL INFERENCE IN ECONOMICS, 1920–1965: CHANGES IN MEANING AND PRACTICE pp. 149-173

Jeff Biddle

ON THE FOUNDING OF THE ECONOMETRIC SOCIETY pp. 175-198

Olav Bjerkholt

ABBÉ DE MABLY ON COMMERCE, LUXURY, AND “CLASSICAL REPUBLICANISM” pp. 199-221

Julie Ferrand and Arnaud Orain

A BIBLICAL MYTH AT THE ORIGINS OF SMITH’S THE WEALTH OF NATIONS pp. 223-238

Jordan J. Ballor

CHARLES COQUELIN AND JULES DUPUIT ON BANKING AND CREDIT pp. 239-256

Guy Numa

“RELATIVE MOVEMENTS OF REAL WAGES AND OUTPUT”—HOW DOES KEYNES’S 1939 ESSAY RELATE TO HIS THEORY OF EFFECTIVE DEMAND? pp. 257-270

Jochen Hartwig

KATES ON MILL’S FOURTH PROPOSITION ON CAPITAL: WHY ALL THE FUSS? pp. 271-272

Roy Grieve

ON THE CONCEPT OF ECONOMIA CIVILE AND “FELICITAS PUBLICA”: A COMMENT ON FEDERICO D’ONOFRIO pp. 273-279

Luigino Bruni

Craufurd D. Goodwin, Walter Lippmann: Public Economist (Cambridge, MA, and London, UK: Harvard University Press, 2014), pp. 424, $35. ISBN 978-0-67436-813-2 pp. 281-283

Tiago Mata

Herbert Hovenkamp, The Opening of American Law: Neoclassical Legal Thought, 1870–1970 (Oxford and New York: Oxford University Press, 2015), pp. 460, $53 (hardcover). ISBN 978-0-19933-130-7 pp. 283-287

Nicola Giocoli

Stefan Kolev, Neoliberale Staatsverständnisse im Vergleich [A Comparison of Neoliberal Concepts of the State] (Stuttgart: Lucius & Lucius Verlag, 2013), pp. 320, €38 (hardcover). ISBN 978-3-8282-0584-0 pp. 288-290

Pablo Duarte

Richard Arena and Pier Luigi Porta, eds., Structural Change and Economic Growth (Cambridge: Cambridge University Press, 2012), pp. xii + 296, $113 (hardcover). ISBN 978-1-10701-596-8 pp. 290-292

Muriel Dal Pont Legrand

Volume 39, issue 1, 2017

COMBINING SHORT-RUN AND LONG-RUN ANALYSIS: SOME HISTORICAL PERSPECTIVES pp. 1-4

Pascal Bridel and Muriel Dal Pont Legrand

DEALING WITH TIME IN ECONOMIC ANALYSIS: SOME MARSHALLIAN INSIGHTS pp. 5-18

Katia Caldari

BUSINESS CYCLES, GROWTH, AND ECONOMIC POLICY: SCHUMPETER AND THE GREAT DEPRESSION pp. 19-33

Muriel Dal Pont Legrand and Harald Hagemann

ROBERTSON’S INDUSTRIAL FLUCTUATION (1915): AN EARLY REAL BUSINESS CYCLE-LIKE APPROACH pp. 35-46

Pascal Bridel

SOME INTERNATIONAL ASPECTS OF BUSINESS CYCLES: NEISSER, HABERLER, AND MODERN OPEN ECONOMY MACROECONOMICS pp. 47-67

Hans-Michael Trautwein

(IN)-STABILITY IN KALECKI’S EARLY MACROECONOMICS pp. 69-87

Michaël Assous, Amitava Dutt, Paul Fourchard and Antonin Pottier

FROM BUSINESS CYCLE THEORY TO THE THEORY OF EMPLOYMENT: ALVIN HANSEN AND PAUL SAMUELSON pp. 89-99

Roger Backhouse

MODERN STRUCTURAL ECONOMIC DYNAMICS IN THE SHORT AND THE LONG RUN pp. 101-123

Richard Arena

Keith Tribe, The Economy of the Word: Language, History and Economics (Oxford: Oxford University Press, 2015), pp. 352, $74. ISBN 978-0-190-21661-5 pp. 125-128

Cecil Bohanon

Istvan Hont, Politics in Commercial Society: Jean-Jacques Rousseau and Adam Smith, Edited by Béla Kapossy and Michael Sonenscher (Cambridge and London: Harvard University Press, 2015), pp. 160, $35. ISBN 978-0-674-96770-0 pp. 128-133

Benoît Walraevens

Jerry Evensky, Adam Smith’s Wealth of Nations: A Reader’s Guide (New York: Cambridge University Press, 2015), pp. x, 293, $99.99 (hardcover), $34.99 (paperback). ISBN 978-1-107-04337-4 pp. 133-136

Shinji Nohara

Piers J. Hale, Political Descent: Malthus, Mutualism, and the Politics of Evolution in Victorian England (Chicago: University of Chicago Press, 2014), pp. 464, $45. ISBN 978-0-226-10849-0 pp. 136-138

Maxine Montaigne

Abdul Azim Islahi, Economic Thinking of Arab Muslim Writers During the Nineteenth Century (Houndmills: Palgrave Macmillan, 2015), pp. xi, 165, $105. ISBN 978-1-137-55320-1 pp. 138-141

Deniz T. Kılınçoğlu

François Allisson, Value and Prices in Russian Economic Thought: A Journey Inside the Russian Synthesis, 1890–1920 (New York: Routledge, 2015), pp. 202, $160. ISBN 978-1-138-83977-9 pp. 141-144

Irina Chaplygina and Mikhail Pokidchenko

Donald A. Walker and Jan van Daal, eds. and trans., Léon Walras, Elements of Theoretical Economics: or The Theory of Social Wealth (Cambridge: Cambridge University Press, 2014), pp. 588, $155. ISBN 978-1-107-06413-3 pp. 144-147

Michel De Vroey