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Authority and Expertise at the Origins of Macro-economics

Sophus A. Reinert

Chapter 6 in Antonio Serra and the Economics of Good Government, 2016, pp 112-142 from Palgrave Macmillan

Abstract: Abstract When the Norwegian Nobel laureate in economics Ragnar Frisch first drew the distinction between “micro-dynamic” and “macro-dynamic” analyses in 1933, ostensibly “founding” the modern field of macroeconomics, his contribution was linguistic rather than conceptual.1 Theorists and practitioners had been engaged with the analysis of aggregate economic phenomena for millennia, but only in early modern Europe did this perennial preoccupation take on the form and structure of an increasingly codified discourse.2 The reasons for this were many and varied, but they were intimately connected to the mounting demands of international competition between solidifying political communities; the growing importance of increasingly global patterns of long-distance trade and transoceanic imperialism; and a rising and progressively educated public sphere.3 This chapter revisits the founding role played by the Neapolitan lawyer and economics writer Antonio Serra (f. 1613) in a widespread debate over the theorization of macro-oeco-nomic phenomena in early modern Europe.4

Keywords: Political Economy; Political Community; Economic Affair; Economic Debate; Good Government (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-1-137-53996-0_7

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DOI: 10.1057/9781137539960_7

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