Economics Broadly Considered

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Warren J. Samuels has been a prominent figure in the study of economics in the twentieth century. This book brings together essays by leading scholars in the areas of economics in which Samuels has made his most important contributions: the history of economic thought, economic methodology, and institutional and post-Keynesian economics.

This work is designed to give the reader a sense of the breadth and possibilities of economics. The essays, all published here for the first time, investigate issues such as:

  • The institutional structures that shape economic activity and performance.

  • The variety of approaches to economic analysis.

  • The importance of the history of the discipline both inherently and for the study of economics in the modern age.

With essays from leading scholars, collected and introduced by some of the most eminent authorities in the field, the work is a formidable volume, and one fit to honor one of the most renowned economists of our age.

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Product Details

Table of Contents

List of figures and tables
List of contributors
Introduction: Economics broadly considered: a glance at Warren J. Samuels' contributions to economics 1
Pt. I The history of economic thought 31
1 The training of the economist in antiquity: the "mirror for princes" tradition in Alcibiades Major and Aquinas' On Kingship 33
2 A quintessential (ahistorical) Tableau Economique: to sum up Pre- and Post-Smith classical paradigms 49
3 Frank Knight as institutional economist 64
4 From divergence to convergence: Irving Fisher and John R. Commons as champions of monetary reforms 94
5 E. H. Chamberlin: oligopoly and oligopolistic interdependence: the issue of space 107
6 Two phases of Kuznets's interest in Schumpeter 128
7 The AEA and the radical challenge to American social science 144
Pt. II Aspects of economic method 159
8 On the credentials of methodological pluralism 161
9 Some practical aspects of pluralism in economics 170
10 What econometrics can and cannot tell us about historical actors: brewing, betting and rationality in London, 1822-24 182
Pt. III The legal-economic nexus 201
11 Putting the "political" back into political economy 203
12 Output categories for a comparative institutional approach to law and economics 217
13 On the changing nature of the public utility concept: a retrospective and prospective assessment 258
Pt. IV Aspects of institutional and Post Keynesian economics 279
14 The institutional economics of Nobel Prize winners 281
15 J. Fagg Foster's theory of instrumental value 312
16 Monetary policy in the twenty-first century in the light of the debate between Chartalism and Monetarism 336
17 1935 where we were - where we are 2000 350
Appendix to Chapter 10 360
Index 368
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