Subjectivism and Objectivism in the History of Economic Thought

Subjectivism and Objectivism in the History of Economic Thought

Author: Kiichiro Yagi

Publisher: Routledge

Published: 2012-07-26

Total Pages: 218

ISBN-13: 1136275177

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This book investigates the tensions between subjectivism and objectivism in the history of economics. The book looks at the works of Adam Smith, Carl Menger, Leon Walras, William Stanley Jevons, Oskar Morgenstern, Ludwig Mises, Piero Sraffa, and so on. The book highlights the diverse subjective and objective elements of their economic theories and suggests a reframing of methodology to better address the core problems of the theories. Contributors of the volume are leading members of the Japan Society of History of Economic Thought who have provided a comprehensive overview on the economics methodology and the related problems. Hence, this book will be of an invaluable asset to not only those who are interested in the history of economic thought, but also to scholars who are concerned with the methodological problems of economic science.


Money as Organization, Gustavo Del Vecchio's Theory

Money as Organization, Gustavo Del Vecchio's Theory

Author: Gianfranco Tusset

Publisher: Routledge

Published: 2015-10-06

Total Pages: 203

ISBN-13: 1317319249

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Between 1909-17, Gustavo Del Vecchio developed a ‘theory of circulation’. In a series of articles he set out his thoughts on the utility and value of money, credit, discount rates, banking and international payments. Tusset re-evaluates Del Vecchio’s theory, concluding that money represents a technology which organizes both economy and society.


The Austrian School of Economics in the 21st Century

The Austrian School of Economics in the 21st Century

Author: Annette Godart-van der Kroon

Publisher: Springer Nature

Published: 2023-01-06

Total Pages: 341

ISBN-13: 3031085027

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This book provides an overview of the evolution and theories of the Austrian School of Economics and develops answers to current economic questions and the pressing problems of the 21st century from the Austrian perspective. Readers will learn about the fundamental ideas of the Austrian School, the current state of Austrian economics, and the intellectual figures and institutions that sustain it as a vibrant intellectual movement. International experts on Austrian economics cover topics such as the economic impact of pandemics, trade blocs, federalism and European integration, and the economic development of China. The book also discusses the influence of the Austrian School on modern economic thought and mainstream economics, as well as on policymakers. It will appeal to students and scholars of economics and to anyone interested in social and economic liberalism.


Arthur Spiethoff and the German Historical School of Economics

Arthur Spiethoff and the German Historical School of Economics

Author: Vitantonio Gioia

Publisher: Taylor & Francis

Published: 2024-04-02

Total Pages: 272

ISBN-13: 1040014674

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Arthur Spiethoff (1873–1957), an economist of the German Historical School of Economics, is best known for his theory of the business cycle. Despite Spiethoff calling for a unified reading of his work, his epistemological thinking has received less attention. This book addresses that gap by analysing Spiethoff’s theory of the business cycle in the light of his epistemological views. Putting Spiethoff’s work in context, the book also investigates the most significant features of the evolution of the “research programme” of the German Historical School of Economics, with particular reference to the relationships between Schmoller, Sombart, Weber and Spiethoff. In addition, Spiethoff’s work is compared with some of the scientific orientations of the current debates: on the epistemological side, the book examines the relationship between Spiethoff’s views and some contemporary thinking on scientific realism, as well as methodological pluralism in social sciences. And, more broadly, it emphasises the analytical relevance of the historical approach in explaining the economic imbalances of contemporary capitalism, questioning the idea, widespread in the neoclassical approach, that taking historical specificities into account makes it hard to achieve a theoretically effective attitude. This book is a significant addition to the literature on the German Historical School of Economics and the history of economic thought, business cycle theory and macroeconomics more broadly.


Economic Policy and the History of Economic Thought

Economic Policy and the History of Economic Thought

Author: Stavros Drakopoulos

Publisher: Taylor & Francis

Published: 2023-03-23

Total Pages: 308

ISBN-13: 1000855392

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This book discusses key issues in economic policy in the context of the history of economic thought. Most of the current and past academic controversies in economics are, explicitly or implicitly, centred around the application and form of economic policy. This is particularly evident in the post-WWII period, with the appearance of economic policy as a distinguishable subfield, but important elements of various economic policy issues can be found throughout the history of economic thought. This book discusses various topics in economic policy – such as questions over state spending and taxation, income redistribution, and the role of money – with each chapter focusing on a particular period or major school of economic thought ranging from the ‘prehistory’ of economics up to the present day. Specific chapters of the volume cover the main schools of economic thought from different national and theoretical traditions, incorporating mercantilism, the Physiocratic School, the German Historical School, Marxism, the Austrian School, institutional economics, Keynesian economics, behavioural economics and more. This book will be of great interest to readers of the history of economic policy as well as the history of economic thought, macroeconomics and economic history more broadly.


Including a Symposium on Ludwig Lachmann

Including a Symposium on Ludwig Lachmann

Author: Luca Fiorito

Publisher: Emerald Group Publishing

Published: 2019-08-19

Total Pages: 236

ISBN-13: 1787698610

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This volume of Research in the History of Economic Thought and Methodology features a symposium on the work of Ludwig Lachmann, and a collection of review essays of Nancy MacLean's Democracy in Chains.


The Ethical Underpinnings of Climate Economics

The Ethical Underpinnings of Climate Economics

Author: Adrian Walsh

Publisher: Taylor & Francis

Published: 2016-10-04

Total Pages: 237

ISBN-13: 1317303164

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Despite their obvious importance, the ethical implications of climate change are often neglected in economic evaluations of mitigation and adaptation policies. Economic climate models provide estimates of the value of mitigation benefits, provide understanding of the costs of reducing emissions, and develop tools for making policy choices under uncertainty. They have thus offered theoretical and empirical instruments for the design and implementation of a range of climate policies, but the ethical assumptions included in the calculations are usually left unarticulated. This book, which brings together scholars from both economics and ethical theory, explores the interrelation between climate ethics and economics. Examining a wide range of topics including sustainability, conceptions of value, risk management and the monetization of harm, the book will explore the ethical limitations of economic analysis but will not assume that economic theory cannot accommodate the concerns raised. The aim in part is to identify ethical shortcomings of economic analysis and to propose solutions. Given the on-going role of economics in government thinking on mitigation, a constructive approach is vital if we are to deal adequately with climate change. This volume will be of great interest to students and scholars of environmental ethics, economics, political science, political philosophy and the philosophy of economics.


The Ayn Rand Lexicon

The Ayn Rand Lexicon

Author: Ayn Rand

Publisher: Penguin

Published: 1988-01-01

Total Pages: 561

ISBN-13: 110113724X

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A prolific writer, bestselling novelist, and world-renowned philosopher, Ayn Rand defined a full system of thought--from epistemology to aesthetics. Her writing is so extensive and the range of issues she covers so enormous that those interested in finding her discussions of a given topic may have to search through many sources to locate the relevant passage. The Ayn Rand Lexicon brings together all the key ideas of her philosophy of Objectivism. Begun under Rand's supervision, this unique volume is an invaluable guide to her philosophy or reason, self-interest and laissez-faire capitalism--the philosophy so brilliantly dramatized in her novels The Fountainhead, We the Living, and Anthem.