scholarly journals Method and history in classical political economy

2017 ◽  
Author(s):  
Εμμανουήλ Μανιούδης
Keyword(s):  
Political Economy ◽  
Adam Smith ◽  
John Stuart Mill ◽  
Classical Political Economy

H διατριβή επιχειρεί να απαντήσει σε ένα εναργές ερώτημα: με ποιόν τρόπο το ιστορικό, το κοινωνικό και το μεθοδολογικό στοιχείο μπορούν να θεωρηθούν ως οργανικά συστατικά της οικονομικής θεώρησης. Το διακριτικό της γνώρισμα συνίσταται στην εστίαση της στην περίοδο της κλασικής πολιτικής οικονομίας όπου η σχέση μεταξύ θεωρίας, ιστορίας και μεθόδου φθάνει στο απόγειο της. Πιο συγκεκριμένα, επιχειρείται να ανασυσταθούν οι τρόποι μέσω των οποίων οι Adam Smith και John Stuart Mill ενέταξαν το ιστορικό, κοινωνικό και μεθοδολογικό τεκμήριο – σε όλες του τις μορφές- ως έναν επιστημολογικό και μεθοδολογικό πυλώνα οικονομικής ανάλυσης. Η αφήγηση αναπτύσσεται διφυώς. Στο πρώτο μέρος, παρουσιάζεται η σμιθιανή θεωρία για την ιστορία ενώ επιχειρείται, μέσω του Πλούτου των Εθνών, να ανασυσταθούν οι τρόποι με τους οποίους ο Smith χρησιμοποίησε την ιστορία ως αρμό οικονομικής ανάλυσης. Στο δεύτερο μέρος εξετάζεται το έργο του John Stuart Mill ως το ‘κύκνειο άσμα’ της κλασικής περιόδου. Επιπρόσθετα εγγράφεται μια ‘εξαθεματική’ προσέγγιση των τρόπων με τους οποίους ο Mill χρησιμοποίησε το ιστορικό στοιχείο ως σύστοιχη διάσταση της πολιτικής του οικονομίας.

The Economics of Adam Smith: Studies in Classical Political Economy/I.

Economica ◽  
1973 ◽  
Vol 40 (160) ◽  
pp. 474
Author(s):  
Mark Blaug ◽  
S. Hollander
Keyword(s):  
Political Economy ◽  
Adam Smith ◽  
Classical Political Economy

scholarly journals Piketty’s Capital. The Revival of Political Philosophy, Political Economy and Social Sciences in the Light of the Declaration of Human and Citizens’ Rights in the French Revolution of 1789

2016 ◽  
Vol 10 (3) ◽  
Author(s):  
Øjvind Larsen
Keyword(s):  
Political Economy ◽  
French Revolution ◽  
Adam Smith ◽  
First Century ◽  
World Population ◽  
Classical Political Economy ◽  
The World ◽  
Wealth Of Nations ◽  
The French Revolution

Piketty’s Capital in Twenty-First Century has posed a totally new platform for the discussion of the economy and capitalism. Piketty has reinvented the classical political economy founded by Adam Smith in his 1776 Wealth of Nations. Piketty has shown via massive historical research how growth and inequality have developed since 1793. Piketty’s conclusion is that the French Revolution did not change the existing inequality either in the medium or in the long term. Piketty’s prediction is that a new form of global capitalism will arise, patrimonial capitalism, in which inequality will develop further and the 1% of the World population will control 95% of all wealth in the World.

Capitalism Seemed Like a Good Idea at the Time

2020 ◽  
pp. 19-37
Author(s):  
Daniel Halliday ◽  
John Thrasher
Keyword(s):  
Political Philosophy ◽  
Political Economy ◽  
20Th Century ◽  
Golden Age ◽  
Adam Smith ◽  
Academic Discipline ◽  
John Stuart Mill ◽  
Historical Narrative ◽  
The Way

This chapter seeks to convey the way in which political economy, as an academic discipline, attempts to unify what are now recognized as the distinct disciplines of economics and political philosophy. This will be done largely by way of a historical narrative, one that details the rise of political economy and the authors behind it, such as Adam Smith and John Stuart Mill, before providing some reasons for its decline in the 20th century as academia underwent increased specialization and fragmentation. This will provide some background for appreciating the comeback that political economy is now enjoying, as another golden age is perhaps approaching.

The Macroeconomic thought of Sir William Petty

2004 ◽  
Vol 26 (3) ◽  
pp. 401-413 ◽  
Author(s):  
James H. Ullmer
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Karl Marx ◽  
Adam Smith ◽  
Economic Thought ◽  
Total Employment ◽  
Classical Political Economy ◽  
Surplus Labour ◽  
P 16

Sir William Petty (1623–1687) is generally known to historians of economic thought as an early contributor to classical political economy. In fact, Karl Marx claimed—rightly, I believe—that Petty was the founder of that school of thought (Marx 1867, p. 81). Frank Amati and Tony Aspromourgos echo the sentiment that Petty, and not Adam Smith, was “the founder of classical political economy, that school which had its culmination in the Ricardian economic theory” (Amati and Aspromourgos 1985, p. 127). Aspromourgos has also observed that Petty wrote A Treatise of Taxes and Contributions, as well as other works, in order to provide “an answer to the questions of how to maximize total employment and surplus labour, and how to best utilize surplus labour” (Aspromourgos 1996, p. 16, emphasis added).

Elevating Competition: Classical Political Economy in Justice Peckham’s Jurisprudence

2017 ◽  
Vol 137 (4) ◽  
pp. 331-370
Author(s):  
Nicola Giocoli
Keyword(s):  
New York ◽  
Political Economy ◽  
Social Order ◽  
Private Property ◽  
Adam Smith ◽  
Economic Thought ◽  
Court Of Appeals ◽  
Freedom Of Contract ◽  
Classical Political Economy ◽  
Constitutional Right

Abstract This paper deals with the famous Lochner v. New York (1905) decision from the perspective of the history of economic thought. In »Lochner« the Supreme Court affirmed freedom of contract as a substantive constitutional right. It is argued that, in writing for the majority, Justice Rufus W. Peckham was heavily influenced by classical political economy. Not, however, in the trivial sense of endorsing pure laissez faire, but in the deeper sense of applying Adam Smith’s recipe for building a “system of natural liberty”, viz., a social order founded on justice, private property, and free competition. My interpretation is validated by looking at the economic content of Peckham’s jurisprudence as a judge in the New York Court of Appeals. JEL Codes: B12, K21, L40

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