Samuels - Companion to the History of Economic Thought (Blackwell, 2003).pdf

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A Companion to
the History of
Economic Thought
Edited by
WARREN J. SAMUELS,
JEFF E. BIDDLE
Michigan State University
JOHN B. DAVIS
Marquette University, Wisconsin
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© 2003 by Blackwell Publishing Ltd
except for editorial material and organization © 2003 by
Warren J. Samuels, Jeff E. Biddle, and John B. Davis
350 Main Street, Malden, MA 02148-5018, USA
108 Cowley Road, Oxford OX4 1JF, UK
550 Swanston Street, Carlton South, Melbourne, Victoria 3053, Australia
Kurfürstendamm 57, 10707 Berlin, Germany
The right of Warren J. Samuels, Jeff E. Biddle, and John B. Davis to be identified as the
Authors of the Editorial Material in this Work has been asserted in accordance with
the UK Copyright, Designs, and Patents Act 1988.
All rights reserved. No part of this publication may be reproduced, stored in a
retrieval system, or transmitted, in any form or by any means, electronic, mechanical,
photocopying, recording or otherwise, except as permitted by the UK Copyright,
Designs, and Patents Act 1988, without the prior permission of the publisher.
First published 2003 by Blackwell Publishing Ltd
Library of Congress Cataloging-in-Publication Data
Samuels, Warren J., 1933–
A companion to the history of economic thought / edited by Warren J.
Samuels, Jeff E. Biddle and John B. Davis.
p. cm.
Includes bibliographical references and index.
ISBN 0-631-22573-0 (hbk : alk. paper)
1. Economics–History. 2. Economics–Historiography. I. Biddle,
Jeff. II. Davis, John Bryan. III. Title.
HB75 .S29 2003
330.1–dc21
2002151895
A catalogue record for this title is available from the British Library.
Set in 10/12pt Book Antique
by Graphicraft Limited, Hong Kong
Printed and bound in the United Kingdom
by TJ International, Padstow, Cornwall
For further information on
Blackwell Publishing, visit our website:
http://www.blackwellpublishing.com
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Contents
List of Figures
ix
List of Tables
x
List of Contributors
xi
Preface
xv
1 Research Styles in the History of Economic Thought
1
Jeff E. Biddle
PART I HISTORICAL SURVEYS
2 Ancient and Medieval Economics
11
S. Todd Lowry
3 Contributions of Medieval Muslim Scholars to the History of
Economics and their Impact: A Refutation of the Schumpeterian
Great Gap
28
Hamid S. Hosseini
4 Mercantilism
46
Lars G. Magnusson
5 Physiocracy and French Pre-Classical Political Economy
61
Philippe Steiner
6 Pre-Classical Economics in Britain
78
Anthony Brewer
7 Adam Smith (1723–1790): Theories of Political Economy
94
Andrew S. Skinner
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vi
C ONTENTS
8 Classical Economics
112
Denis P. O’Brien
9 Post-Ricardian British Economics, 1830–1870
130
Sandra J. Peart and David M. Levy
10 Karl Marx: His Work and the Major Changes in its Interpretation
148
Geert Reuten
11 The Surplus Interpretation of the Classical Economists
167
Heinz D. Kurz
12 Non-Marxian Socialism
184
J. E. King
13 Utopian Economics
201
Warren J. Samuels
14 Historical Schools of Economics: German and English
215
Keith Tribe
15 American Economics to 1900
231
William J. Barber
16 English Marginalism: Jevons, Marshall, and Pigou
246
Peter Groenewegen
17 The Austrian Marginalists: Menger, Böhm-Bawerk, and Wieser
262
Steven Horwitz
18 Early General Equilibrium Economics: Walras, Pareto, and Cassel
278
Donald A. Walker
19 The “First” Imperfect Competition Revolution
294
Maria Cristina Marcuzzo
20 The Stabilization of Price Theory, 1920–1955
308
Roger E. Backhouse
21 Interwar Monetary and Business Cycle Theory:
Macroeconomics before Keynes
325
Robert W. Dimand
22 Keynes and the Cambridge School
343
G. C. Harcourt and Prue Kerr
23 American Institutional Economics in the Interwar Period
360
Malcolm Rutherford
24 Postwar Neoclassical Microeconomics
377
S. Abu Turab Rizvi
25 The Formalist Revolution of the 1950s
395
Mark Blaug
26 A History of Postwar Monetary Economics and Macroeconomics
411
Kevin D. Hoover
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C ONTENTS
vii
27 The Economic Role of Government in the History of
Economic Thought
428
Steven G. Medema
28 Postwar Heterodox Economics
445
A The Austrian School of Economics: 1950–2000
445
Peter J. Boettke and Peter T. Leeson
B Feminist Economics
454
Janet A. Seiz
C Institutional Economics
462
Geoffrey M. Hodgson
D Post Keynesian Economics
471
Sheila C. Dow
E Radical Political Economy
479
Bruce Pietrykowski
PART II HISTORIOGRAPHY
29 Historiography
491
Matthias Klaes
30 The Sociology of Economics and Scientific Knowledge, and the
History of Economic Thought
507
A. W. Bob Coats
31 Exegesis, Hermeneutics, and Interpretation
523
Ross B. Emmett
32 Textuality and the History of Economics: Intention and Meaning
538
Vivienne Brown
33 Mathematical Modeling as an Exegetical Tool:
Rational Reconstruction
553
A. M. C. Waterman
34 Economic Methodology since Kuhn
571
John B. Davis
35 Biography and the History of Economics
588
D. E. Moggridge
36 Economics and Economists in the Policy Process
606
Craufurd D. W. Goodwin
37 The International Diffusion of Economic Thought
622
José Luís Cardoso
38 The History of Ideas and Economics
634
Mark Perlman
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