History
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Grantee paper
The Making of America’s Imbalances
Jun 2012
This paper tracks the development of sectoral saving and borrowing in the US economy over the past 50 years.
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Economics at Chicago, 1939-1955: the scope of our ignorance
Jun 26, 2012
The University of Chicago is well-known for as the place where a famous group of economists, including Milton Friedman, Georges Stigler, Gary Becker, among others, developed a method for analyzing economic facts based on Marshallian price theory, a vision of the evolution of macroeconomic aggregates called monetarism, and an approach to individual liberties and the role of the state known as (neo)liberalism.
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Division of labour was common knowledge by the 1770s
Jun 23, 2012
I always think of Adam Smith when I hear the term ‘division of labour’ - but I’m being cured of this by reading a bit more about Britains late 18th century in Jenny Uglow’s The Lunar Men.
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History of Economics Journals in SSCI - a correction
Jun 13, 2012
In a recent post I wrote: “I am sure it will not take long before Journal of the History of Economic Thought (Cambridge Uni. Press) makes that list [Thompson Reuters, Social Science Citation Index].”
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Between science and history
Jun 11, 2012
Last Friday, philosophers from the University of Leiden hosted the symposium ‘Between Science and History,’ in an attempt to figure out what the differences are between practicing scientists’ use of history and historians use of history.
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Three questions to Ivan Moscati: Historicizing Choice Theory
May 31, 2012
Ivan Moscati is one of the most exciting voices in the historiography of decision theory.
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Let Us Praise Famous Men, or why we must praise them...
May 30, 2012
Steven Shapin is visiting the UK. For those unfamiliar with the history and sociology of science, he is one of the giants of the field.
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Contextualizing one and other @ ESHET 2012
May 21, 2012
My attempt at a double riddle. “I find familiar faces only in unfamiliar places. Who am I? And whom are the faces?” The answer to the first is, I am an academic, to the second, my conference buddies.
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Let me tell you everything
May 7, 2012
Our usual problem in history (of economics) is a lack of information.
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Grantee paper
Old Lady Charm: Explaining the Persistent Appeal of Chicago Antitrust
Apr 2012
The paper deals with the mysterious persistence of the Chicago approach as the main analytical engine driving antitrust enforcement in the US.
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Relativist versus absolutist history of economics
Apr 22, 2012
I don’t seem to be able to fully grasp Mark Blaug’s distinction between a relativist and an absolutist approach to the history of economics – first introduced in Economic Theory in Retrospect (1962) – and that is a source of much frustration.
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Life Among the Econ: Talking history with Axel Leijonhufvud
Apr 18, 2012
Like many economists, I have enjoyed Axel Leijonhufvud’s “Life among the Econ” and nodded appreciatively when he described the social classifications of the Econ as “Grads, Adults and Elders” and chuckled when the young grad tries to impress the elders of the ‘dept’ through adept ‘modl’ building; so when the man himself was holding a glass of champagne and chatting with me at the INET conference, I had to ask how he got that paper started.
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Feelings Offstage
Apr 15, 2012
INET Berlin 2012 - back home again. On stage, it’s been a huge amount of claims, assertions, and arguments about what went wrong, about what exactly happened, about why this time was different, about what will certainly happen, and about what remains deeply uncertain, about what “we” shall do about it, about what “we” could do better.
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@INET Berlin: Paradigm Regained
Apr 14, 2012
The title of the conference, “Paradigm Lost,” is an obvious combination of two references.
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Conference paper
Revitalizing the Eurozone without Fiscal Union
Apr 2012
The ongoing eurozone crisis has prompted many to argue that monetary union withoutfiscal union was bound to fail.