scholarly journals Journal of the History of Economic Thought Preprints - The Environmental Turn in Natural Resource Economics: John Krutilla and "Conservation Reconsidered"

2018 ◽  
Author(s):  
H. Spencer Banzhaf
Keyword(s):  
The United States ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
Natural Resource Economics ◽  
John Muir ◽  
Economic Choice ◽  
History Of ◽  
Conservation Of Natural Resources ◽  
Post War ◽  
Gifford Pinchot

Environmentalism in the United States historically has been divided into its utilitarian and preservationist impulses, represented by Gifford Pinchot and John Muir, respectively. Pinchot advocated conservation of natural resources to be used for human purposes; Muir advocated protection from humans, for nature's own sake. In the first half of the 20th century, natural re-source economics was firmly in Pinchot's side of that schism. That position began to change as the post-war environmental movement gained momentum. In particular, John Krutilla, an economist at Resources for the Future, pushed economics to the point that it could embrace Muir's vision as well as Pinchot's. Krutilla argued that if humans preferred a preserved state to a developed one, then such preferences were every bit as "economic." Either way, there were opportunity costs and an economic choice to be made.

THE ENVIRONMENTAL TURN IN NATURAL RESOURCE ECONOMICS: JOHN KRUTILLA AND “CONSERVATION RECONSIDERED”

2019 ◽  
Vol 41 (1) ◽  
pp. 27-46
Author(s):  
H. Spencer Banzhaf
Keyword(s):  
Natural Resource ◽  
Environmental Movement ◽  
Resource Economics ◽  
The United States ◽  
Natural Resource Economics ◽  
Opportunity Costs ◽  
John Muir ◽  
Economic Choice ◽  
Conservation Of Natural Resources ◽  
Gifford Pinchot

Environmentalism in the United States historically has been divided into its utilitarian and preservationist impulses, represented by Gifford Pinchot and John Muir, respectively. Pinchot advocated conservation of natural resources to be used for human purposes; Muir advocated protection from humans, for nature’s own sake. In the first half of the twentieth century, natural resource economics was firmly in Pinchot’s side of that schism. That position began to change as the postwar environmental movement gained momentum. In particular, John Krutilla, an economist at Resources for the Future, pushed economics to the point that it could embrace Muir’s vision as well as Pinchot’s. Krutilla argued that if humans preferred a preserved state to a developed one, then such preferences were every bit as “economic.” Either way, there were opportunity costs and an economic choice to be made.

Inequality in the History of Economic Thought

Inequality ◽  
2016 ◽  
Author(s):  
James K. Galbraith
Keyword(s):  
United States ◽  
The United States ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
History Of

We in the United States are accustomed to the principle that “all men are created equal.” But of course that principle is not from time immemorial; it is not “self-evident” even now, and was far from being so, to most people, at the time...

scholarly journals Basic Income in the United States, 1940–1972: How the ‘fiscal revolution’ Reshaped Social Policy

2021 ◽  
pp. 41-66
Author(s):  
Daniel Zamora Vargas
Keyword(s):  
United States ◽  
Social Policy ◽  
The United States ◽  
Economic Thought ◽  
Basic Income ◽  
The Social ◽  
History Of ◽  
Technical Issues ◽  
Post War ◽  
Scholarly Attention

AbstractThe recent revival for ‘Basic Income’ both in the United States and Europe has been the object of a considerable literature. However, vastly concentrated on philosophical, sociological or technical issues, the history of ‘UBI’ itself, has yet rarely been the object of serious scholarly attention. Aside from a few exceptions, the reason for its ‘success’ have not been extensively examined. Beyond decontextualized accounts we’ll explain the reasons of the stark dissemination of the proposal beginning in the early sixties in the United States. In that perspective, we’ll argue that the rising fascination for basic income was part of a wider transformation of the Keynesian paradigm and categories that had shaped the social and economic thought of the post-war order.

America's Alternative to Marshall: Property, Competition, and Capitalism in Hadley's Economics of 1896

1994 ◽  
Vol 16 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Audrey B. Davidson ◽  
Robert B. Ekelund
Keyword(s):  
United States ◽  
Nineteenth Century ◽  
The United States ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
British Isles ◽  
Basic Book ◽  
Nobel Prizes ◽  
History Of

American dominance of the discipline of economics in the present century is beyond dispute. In terms of Nobel prizes and the creative ideas that spawned them, academic economists working in the United States have an incomparable record. As all who study the history of economic thought know, this was not always the case. Indeed, most histories of thought, when dealing with the nineteenth century, leave the impression that little of merit was done outside the British Isles. But Alfred Marshall's Principles was not the only “basic book” of merit to be published at the crest of nineteenth-century neoclassicism. It was possibly not even the most prescient work.

How Homo economicus lost her mind and how we can revive her

2018 ◽  
Vol 41 ◽  
Author(s):  
Peter DeScioli
Keyword(s):  
Economic Thought ◽  
History Of Economic Thought ◽  
Homo Economicus ◽  
Economic Theories ◽  
Target Article ◽  
History Of ◽  
The Mind ◽  
And Behavior

AbstractThe target article by Boyer & Petersen (B&P) contributes a vital message: that people have folk economic theories that shape their thoughts and behavior in the marketplace. This message is all the more important because, in the history of economic thought, Homo economicus was increasingly stripped of mental capacities. Intuitive theories can help restore the mind of Homo economicus.

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