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Home / Tag Archives: History of Economics (page 4)

Tag Archives: History of Economics

Marx Today

As the 200th anniversary of Marx’s birth gets closer, a host of conferences, articles and books on the legacy of Marx and his relevance today are emerging – including my own contribution. The most interesting was a speech last week by the governor of the Bank of England, Mark Carney in his homeland of Canada.... Michael Roberts BlogMarx 200: Carney, Bowles and VaroufakisMichael Roberts See also The Guardian — The Long ReadYanis Varoufakis: Marx predicted our present crisis – and points...

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Equilibrium in Economic Theory

Everything you may have wanted to know about equilibrium in economics.Post Keynesianism generally dismisses the neoclassical assumption of equilibrium in economic theory, but these posts serve to clarify the concept and the debate around it. David Glasner explores the history, while Jason Smith comments on the concept for the POV of physics and explains it in terms of information equilibrium.Uneasy MoneyOn Equilibrium in Economic Theory David Glasner | Economist at the Federal Trade...

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Matias Vernengo — Classical Political Economics and the History of Central Banks

As promised not long ago, here a short paper on the history of central banks presented at ASSA meeting in Philadelphia. The paper is short, given the submission policy. It discusses the growing literature on the origins of central banks, and essentially disagrees with Charles Goodhart, who is the authority on the topic.…  The point of the paper is that early public banks (essentially Italian and Dutch banks that preceded the the Swedish and English central banks) were central banks because...

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Robert Vienneau — Marx Versus Classical Economics — and more

Robert Vienneau approaches thinking about Marx in relation to previous economists from the perspective of the different distinctions that Marx drew. This is entirely consistent with Marx's training in philosophy, since a cardinal principle of philosophical method is overcoming apparent difficulties in expression by drawing distinctions. This involves changing the grain of the model. A grainy model has the advantage of simplicity but risks the disadvantage of being too simplistic an...

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Branko Milanovic — The bitterness of Adam Smith

Some keeper quotes, and some parallels with today.Global InequalityThe bitterness of Adam SmithBranko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace

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