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Tag Archives: history of economic thought
Franz Oppenheimer — The Law of Transformation and Social Market Economy
by Stephen I. Ternyik* Franz Oppenheimer (1864-1943) was a German-Jewish physician, economist and sociologist, mainly known for his noted book The State: Its History and Development Viewed Sociologically (1908/1920) and for laying the foundations for Zionist cooperative settlements. Franz Oppenheimer would become … Continue reading
Political Economy: Origins, Meanings, Changes
“Political economy should be a human science.” … Continue reading
Posted in Papers
Tagged academia, economic history, Economic Sociology, economics, history of economic thought, Political economy
3 Comments
Finance, Class, and the Birth of Neoclassical Economics: The Marginalist Revolution Revisited
by Yair Kaldor* In economic textbooks, the concept of “value” is regarded as nothing more than the prevailing market price. This definition might seem self-evident, but it stands in sharp contrast to the classical theories of Adam Smith and David … Continue reading
Posted in Community members posts, Papers
Tagged Culture, economics, history of economic thought, ideas, sociology of knowledge, valuation
2 Comments
No Reality, Please. We’re Economists.
Professor Mark Blaug (1927–2011) was a distinguished Dutch-born British economist and historian of economics. Besides shorter periods in public service in international organisations (such as UNESCO, ILO, World Bank), he has held academic appointments in several prestigious universities worldwide. Apart … Continue reading
Believe it or not — the Nobel Prize in Economic Sciences committee’s reasoning for awarding Milton Friedman. You better believe it! He believed…
Apparently, it’s all about belief… “A large part of Friedman’s conclusions about the possibilities of economic policy is based on his liberal belief in the positive, built-in properties of a functioning market economy.” (“The Prize in Economics 1976 – Presentation … Continue reading
Posted in Books, Oleg Komlik
Tagged economics, history of economic thought, ideas, markets, neoliberalism
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The Past, Present, and Future of Economics for History
The summer issue of Social Science History was devoted to the theme of “The Past, Present, and Future of Economics for History” and it has several interesting papers (open access): – Perhaps We Can Talk: David B. Riden Comments for “Taking Stock … Continue reading
After Adam Smith: A Century of Transformation in Politics and Political Economy
In After Adam Smith: A Century of Transformation in Politics and Political Economy Murray Milgate & Shannon C. Stimson remind us that many intellectuals shaped different ways of thinking about economics and politics after Adam Smith- Thomas Malthus, David Ricardo, James Mill, … Continue reading
Posted in Books
Tagged Adam Smith, David Ricardo, history of economic thought, ideas, James Mill, John Stuart Mill, Political economy, politics, Thomas Malthus
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