Publication Number: 2023-04 Publication Date: June 2023 The explicit concepts of a central bank and monetary policy were not fully articulated until the20th century, although, with some degree of circumspection, they can be used retrospectively in regard to… read more about this publication »
Publication Number: 2022-09 Publication Date: Revised May 2023 Public expenditure theory is a late-comer to the field of public finance, despite laments over the lack of such a theory dating to the late 1800s. This paper documents and attempts to explain this… read more about this publication »
Publication Number: 2023-03 Publication Date: May 2023 This paper revisits the path by which Coase developed the result now known as the Coase theorem, including the famous meeting at the home of Aaron Director during which Coase ‘converted’ a group of Chicago… read more about this publication »
Publication Number: 2023-02 Publication Date: March 6, 2023 In the early 1950s, the drive to find a practical solution to European antagonisms led to the construction of the first Common Market at the European scale, between Belgium, France, Germany, Italy,… read more about this publication »
Publication Number: 2023-01 Publication Date: January 2023 In a letter to the editors of the Journal of the History of Economic Thought, Jean-Marc Ginoux and Franck Jovanovic claim that my work on Ragnar Frisch is “useless” and has “no merit” (p.8). I will gladly… read more about this publication »
Publication Number: 2022-15 Publication Date: December 28, 2022 Both Friedrich Hayek and Carl Schmitt are critical of the role of economic interest groups in modern democracies. This paper begins by comparing their descriptions of how such groups attempt to… read more about this publication »
Publication Number: 2022-14 Publication Date: December 2022 As economic planners sought to rebuild Europe in the unstable postwar period, economic expertise was called upon to help in the drawing of national budgets and to inform economic and planning policies. A… read more about this publication »
Publication Number: 2022-13 Publication Date: December 2022 In 1965, Henry Manne convinced the Association of American Law Schools and the American Economic Association to establish an ad hoc Joint Committee to explore the possibilities of collaborative efforts… read more about this publication »
Publication Number: 2022-12 Publication Date: December 2022 One Friday afternoon a dozen or so years ago I sat in on a freshman honors seminar led by one of my colleagues. This weekly seminar featured guest speakers from various walks of life, and that week’s… read more about this publication »
Publication Number: 2022-11 Publication Date: September 2022 In the aftermath of World War I, a financial war was fought on the battlegrounds of international organizations and financial diplomacy. While the League of Nations’ Economic and Financial Organization… read more about this publication »
Publication Number: 2022-10 Publication Date: October 2022 The present paper is set out to examine the place of Geoff Harcourt’s 1965 “Two-sector model of the distribution of income and the level of employment in the short run ” in his research agenda, as well as… read more about this publication »
Publication Number: 2022-09 Publication Date: September 2022 In a paper delivered at the December 1955 meeting of the Econometric Society, Paul Samuelson noted that though economists had done “work of high quality and great quantity in the field of taxation,” the… read more about this publication »
Publication Number: 2022-08 Publication Date: August 2022 The comparable worth principle – a call for a general readjustment of wages according to a measure of the worth of an occupation – gained a policy momentum in the United States in the early 1980s. A… read more about this publication »
Publication Number: 2202-07 Publication Date: May 17, 2022 The paper aims to show how the formal revolution in economics has influenced the developments of Rational Choice and Game Theory in Political Science. Our focus will be on American political scientist… read more about this publication »
Publication Number: 2022-06 Publication Date: Revised October 2022 Richard A. Musgrave (1910-2007) is remembered today as the American economist who established modern foundations for public finance theory in the middle of the twentieth century. His work as a… read more about this publication »
Publication Number: 2022-05 Publication Date: Monday, May 2, 2022 The paper offers a view of Geoff Harcourt’s – b. 1931 in Melbourne; d. 2021 in Sydney – life trajectory as an Australian economist educated and active in the Cambridge UK tradition. His main… read more about this publication »
Publication Number: 2022-04 Publication Date: Wednesday, March 23, 2022 Leontief was and still is one of the most recognized names in economics, inextricably linked to the development of input-output techniques, but throughout his life he remained fiercely… read more about this publication »
Publication Number: 2022-03 Publication Date: Tuesday, February 15, 2022 This essay is the introduction to the History of Political Economy Annual Supplement on “Women and Economics: New Historical Perspectives.” We first reflect on the historiography… read more about this publication »
Publication Number: 2022-02 Publication Date: Thursday, January 27, 2022 The name of Margaret Garritsen de Vries may not be the first that pops into people’s mind when thinking about the International Monetary Fund. It is through her work, as long-standing… read more about this publication »
Publication Number: 2022-01 Publication Date: Tuesday, January 4, 2022 Besides their ideas and social networks, émigré intellectuals bring with themselves practices for engagement with intellectual work. This article focuses on one such practice: the intellectual… read more about this publication »
Publication Number: 2021-25 Publication Date: Tuesday, December 28, 2021 This paper introduces and reproduces a letter to Douglass North asking for support against closing the sociology department at Washington University in St. Louis. read more about this publication »
Publication Number: 2021-24 Publication Date: Monday, December 13, 2021 Carl Menger’s Principles of Economics, published in 1871, is usually regarded as the founding document of the Austrian School of economics. Many of the School’s prominent… read more about this publication »
Publication Number: 2021-23 Publication Date: Thursday, November 11, 2021 Though the Chicago school has been the subject of no small amount of research over the past several decades, that scholarship has focused largely on persons, ideas, and influence—in short,… read more about this publication »
Publication Number: 2021-22 Publication Date: Thursday, November 4, 2021 This article--designed to give readers unfamiliar with public choice a historical overview and flavor for the kinds of problems considered--is divided into three main sections, “historical… read more about this publication »