scholarly journals Keynes: The second coming?

2021 ◽  
Vol 68 (2) ◽  
pp. 159-165
Author(s):  
Robert Skidelsky
Keyword(s):  
Climate Change ◽  
Economic Theory ◽  
Historical Context ◽  
Wealth Inequality ◽  
Neoclassical Economics ◽  
John Maynard Keynes ◽  
History Of ◽  
Subsequent Replacement ◽  
Second Coming

This article outlines principles of a modernised macroeconomic framework, drawing on John Maynard Keynes. It explores the historical context in which Keynes? economic theory arose, and the history of its application and subsequent replacement by neoclassical economics. The article argues that any updated Keynesian programme must address three new problems: globalization, wealth inequality and climate change. It sketches out the ways in which these might be addressed.

scholarly journals Nash Equilibrium and the History of Economic Theory

1999 ◽  
Vol 37 (3) ◽  
pp. 1067-1082 ◽  
Author(s):  
Roger B Myerson
Keyword(s):  
Game Theory ◽  
Economic Theory ◽  
Nash Equilibrium ◽  
Social Science ◽  
Historical Context ◽  
Noncooperative Game ◽  
Noncooperative Game Theory ◽  
History Of Social Science ◽  
History Of

John Nash's formulation of noncooperative game theory was one of the great breakthroughs in the history of social science. Nash's work in this area is reviewed in its historical context to better understand how the fundamental ideas of noncooperative game theory were developed and how they changed the course of economic theory.

scholarly journals Nash Equilibrium and the History of Economic Theory

2010 ◽  
pp. 26-43 ◽  
Author(s):  
R. Myerson
Keyword(s):  
Game Theory ◽  
Economic Theory ◽  
Nash Equilibrium ◽  
Historical Context ◽  
Noncooperative Game ◽  
Competitive Behavior ◽  
Noncooperative Game Theory ◽  
History Of Social Science ◽  
Material Goods ◽  
History Of

John Nashs formulation of noncooperative game theory was one of the great breakthroughs in the history of social science. Nashs work in this area is reviewed in its historical context to better understand how the fundamental ideas of noncooperative game theory have been developed and how they have changed the course of economic theory. It is shown in particular how the scope of economics has changed from production and allocation of material goods to the study of rational competitive behavior in any institution of society.

Economics in Perspective

2017 ◽  
Author(s):  
John Kenneth Galbraith ◽  
Richard Parker
Keyword(s):  
Twentieth Century ◽  
Great Depression ◽  
Industrial Revolution ◽  
Historical Context ◽  
Economic Thought ◽  
John Maynard Keynes ◽  
The Past ◽  
The Great Depression ◽  
The World ◽  
History Of

This book presents a compelling and accessible history of economic ideas, from Aristotle through the twentieth century. Examining theories of the past that have a continuing modern resonance, the book shows that economics is not a timeless, objective science, but is continually evolving as it is shaped by specific times and places. From Adam Smith's theories during the Industrial Revolution to those of John Maynard Keynes after the Great Depression, the book demonstrates that if economic ideas are to remain relevant, they must continually adapt to the world they inhabit. A lively examination of economic thought in historical context, the book shows how the field has evolved across the centuries.

On the History of Economic Theory and the Emergence of Capitalism

2009 ◽  
Vol 50 (1) ◽  
Author(s):  
Edward. J. Nell
Keyword(s):  
Economic Theory ◽  
Economic System ◽  
Economic History ◽  
Historical Context ◽  
Qualitative Change ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
History Of ◽  
Theory Of Value

AbstractThis paper reconstructs and modernises a Marx-based theory of the transformation of feudalism into capitalism, using a combination of history of economic thought and economic history. It tries to revive and reinterpret the theory of value in a historical context and to show how it may be used, in parallel with a historical description of the transformation of institutions, in order to capture a qualitative change of the economic system.

scholarly journals W. Stark, J.M. Keynes and the Mercantilists

2021 ◽  
Author(s):  
Constantinos Repapis
Keyword(s):  
Economic Theory ◽  
General Theory ◽  
Sociology Of Knowledge ◽  
Economic Thought ◽  
Social Conditions ◽  
History Of Economic Thought ◽  
John Maynard Keynes ◽  
The Social ◽  
Intellectual Traditions ◽  
History Of

In this paper we investigate Werner Stark’s sociology of knowledge approach in the history of economic thought. This paper explores: 1) The strengths and weaknesses of Stark’s approach to historiography, 2) seeing how this can frame an understanding of mercantilist writings and, 3) develop a link between a pluralist understanding of economics, and the sociology of knowledge approach. The reason for developing this link is to extend the sociology of knowledge approach to encompass a pluralist understanding of economic theorising and, at the same time, clarify the link between context and economic theory. John Maynard Keynes’ practice of building narratives of intellectual traditions as evidenced in The General Theory is used to develop a position between an understanding of history of economic thought as the evolution of abstract and de-contextualized economic theorising and, the view of economic theory as only relevant within the social conditions from which it arose.

Nikolay Sieber in the history of prerevolutionary Russian economic thought

2018 ◽  
pp. 95-110
Author(s):  
L. D. Shirokorad
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Organic Synthesis ◽  
Marginal Utility ◽  
Economic Thought ◽  
History Of ◽  
Three Stages

This article shows how representatives of various theoretical currents in economics at different times in history interpreted the efforts of Nikolay Sieber in defending and developing Marxian economic theory and assessed his legacy and role in forming the Marxist school in Russian political economy. The article defines three stages in this process: publication of Sieber’s work dedicated to the analysis of the first volume of Marx’s Das Kapital and criticism of it by Russian opponents of Marxian economic theory; assessment of Sieber’s work by the narodniks, “Legal Marxists”, Georgiy Plekhanov, and Vladimir Lenin; the decline in interest in Sieber in light of the growing tendency towards an “organic synthesis” of the theory of marginal utility and the Marxist social viewpoint.

Essays of a “comparatively progressive” economist (On the 150th birth anniversary of Vladimir Geleznoff)

2019 ◽  
pp. 135-145
Author(s):  
Viktor A. Popov
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
The Political ◽  
Russian History ◽  
Working Ability ◽  
Intellectual Inquiry ◽  
History Of

Deep comprehension of the advanced economic theory, the talent of lecturer enforced by the outstanding working ability forwarded Vladimir Geleznoff scarcely at the end of his thirties to prepare the publication of “The essays of the political economy” (1898). The subsequent publishing success (8 editions in Russia, the 1918­-year edition in Germany) sufficiently demonstrates that Geleznoff well succeded in meeting the intellectual inquiry of the cross­road epoch of the Russian history and by that taking the worthful place in the history of economic thought in Russia. Being an acknowledged historian of science V. Geleznoff was the first and up to now one of the few to demonstrate the worldwide community of economists the theoretically saturated view of Russian economic thought in its most fruitful period (end of XIX — first quarter of XX century).

Philosophic Pride

2012 ◽  
Author(s):  
Christopher Brooke
Keyword(s):  
Early Modern ◽  
Political Thought ◽  
Historical Context ◽  
Vital Role ◽  
Intellectual Life ◽  
Marcus Aurelius ◽  
Hugo Grotius ◽  
History Of ◽  
Early Modern Era ◽  
Modern Era

This is the first full-scale look at the essential place of Stoicism in the foundations of modern political thought. Spanning the period from Justus Lipsius's Politics in 1589 to Jean-Jacques Rousseau's Emile in 1762, and concentrating on arguments originating from England, France, and the Netherlands, the book considers how political writers of the period engaged with the ideas of the Roman and Greek Stoics that they found in works by Cicero, Seneca, Epictetus, and Marcus Aurelius. The book examines key texts in their historical context, paying special attention to the history of classical scholarship and the historiography of philosophy. The book delves into the persisting tension between Stoicism and the tradition of Augustinian anti-Stoic criticism, which held Stoicism to be a philosophy for the proud who denied their fallen condition. Concentrating on arguments in moral psychology surrounding the foundations of human sociability and self-love, the book details how the engagement with Roman Stoicism shaped early modern political philosophy and offers significant new interpretations of Lipsius and Rousseau together with fresh perspectives on the political thought of Hugo Grotius and Thomas Hobbes. The book shows how the legacy of the Stoics played a vital role in European intellectual life in the early modern era.

IRVING FISHER AND THE MECHANISTIC CHARACTER OF TWENTIETH CENTURY ACCOUNTING THOUGHT

1995 ◽  
Vol 22 (2) ◽  
pp. 43-83 ◽  
Author(s):  
Tom Mouck
Keyword(s):  
Economic Theory ◽  
Twentieth Century ◽  
World View ◽  
Neoclassical Economic ◽  
Neoclassical Economics ◽  
Newtonian Mechanics ◽  
Neoclassical Economic Theory

This paper provides an overview of the influence of Newtonian mechanics on the development of neoclassical economic theory and highlights Fisher's role in the popularization of the resulting mechanical conception of economics. The paper also portrays Fisher's The Nature of Capital and Income — a work which has been aptly characterized as the “first economic theory of accounting” — as the first move toward the colonization of accounting by economics. The result of Fisher's influence has been a paradigmatic linkage between the Newtonian world view of science, neoclassical economics, and mainstream academic accounting thought. The picture that emerges from this linkage is then used as a backdrop against which the emerging challenges to economics-based accounting thought are highlighted.

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