Search results for "History of economic thought"

Debating Sound Money in Early Modern Europe: From Dualist to Metallic Monetary Systems

2019

International audience; In this paper, we present the monetary debates in Europe from the XVIth to the XVIIIth centuries from the viewpoint of the problem of good and sound money. The framework of the paper is built on a typology of monetary systems, by which a dualist system is distinguished from a metallic one. Under the dualist system, the value in units of account of the specie in circulation was defined by monetary proclamations (Einaudi locates this era from Charlemagne to the French Revolution). Metallist proponents aimed at preventing any kind of manipulations with a radical transformation of the system of payment, which gave birth to a metallic monetary system from the very end of …

Monetary Plurality in Economic Theory

2018

The objective of this article is to identify the monetary plurality in economic theory. We will try to throw light on the way in which theories are attracted towards both unicity and plurality, and more specifically by unification and diversification of money. It should also be noted, in this respect, that the economics of money has undergone considerable development since the 1970s. A survey of the diverse theories, whether mainstream or not, static or dynamic, holistic or individualistic, will reveal the surprising amount of attention devoted to the problem of monetary unicity and/or plurality. We base our presentation on two lines of thought: -The first of these lines concerns a situatio…

Sulla domanda di storia del pensiero economico. Alcune evidenze, alcune riflessioni

2020

In questo saggio si presenta un panorama dello stato attuale e del possibile futuro della Storia del Pensiero Economico (SPE). Nella prima parte ci concentriamo sulla domanda di SPE proveniente dall’interno del mondo accademico, da settori disciplinari diversi, a livello mondiale. La seconda parte invece individua alcuni ambiti esterni alla nostra professione che manifestano interesse nei confronti della SPE. Nella terza parte proviamo infine a proiettarci nel futuro, segnalando alcuni percorsi che ci sembra potrebbero andare incontro alle richieste identificate In this chapter we offer a presentation of the current state and possible evolution of studies in the History of Economic Thought.…

Remembrance of the historian Vicent Llombart

2017

Esta evocación muestra cómo la formación inicial que recibió Vicent Llombart en el Seminario de historia del pensamiento económico en la Universidad de Valencia fue decisiva, pero no suficiente, para entender una trayectoria rotunda por sus contribuciones. Su propósito decidido, su firme exigencia personal y su apertura intelectual permanente nos ayudan a comprender mejor a un gran historiador. This remembrance shows how the initial training that Vicent Llombart received at the Seminar on the History of Economic Thought at the University of Valencia was crucial, although not the only element, to understanding a prominent academic career with so relevant contributions. His determined purpose…

Review of Marcel Boumans and Matthias Klaes (eds) (2013). Mark Blaug: Rebel with Many Causes. Cheltenham, UK and Northampton, MA, USA: Edward Elgar

2015

Mark Blaug passed away on November 18, 2011. To honor his memory, two events were held in March 2012: a Memorial Conference at the Erasmus Institute for Philosophy and Economics, Rotterdam (NL), and a seminar hosted by the Scottish Centre for Economic Methodology at the University of Glasgow (UK). As Marcel Boumans and Matthias Klaes point out in their editorial Introduction, this book contains a collection of papers given at these two events and includes some additional papers submitted by people who were not able to attend the meetings “at such short notice” (p. 5). In addition, the book carries a Foreword by Alan Peacock and consists of two parts: part I has four chapters—written by John…

Medicine and economics in pre-classical economics

2009

Another "French paradox": explaining why interest rates to microenterprises dit not increase with the change in French usury legislation

2015

Conventional wisdom indicates that the growth of credit may not materialize if credit rates remain capped by usury laws, as had long been the case in France. France therefore abolished usury ceilings on loans to microenterprise in an effort to increase financing for microentrepreneurs. This should have led to an increase in interest rates and increase in microcredit. However, we do not find any increase in interest rates and this is therefore a paradox. The paper provides a brief literature review and the salient features of the legislative changes in France. It follows this up with a presentation of interest rate movements. The discussion of possible explanations of the paradox includes cl…

Un forum pour la classe ouvrière : l'expérience de L’Atelier

2015

International audience

Le mouvement des idées monétaires dans l'Europe moderne

2014

Ce chapitre vise à fournir une vue de l'évolution des idées monétaires dans l'Europe moderne. Il s'alimente notamment des textes des auteurs du présent livre pour en dégager quelques leçons. Dans un premier temps, il discutera du sens du substantif " mercantilisme " tel qu'il a été construit depuis le milieu du dix-huitième siècle : examiner les fondements historiques de cette notion permettra d'en montrer les impasses. Il présentera, dans un second temps, une catégorisation des auteurs construite à partir de leur rapport au pouvoir.

A Reconsideration of the Role of Forward-Market Arbitrage in Keynes’s and Hicks’s Theories of the Term Structure of Interest Rates

2014

International audience; This paper develops the relationship between Hicks’s and Keynes’s writings on the theory of the term structure of interest rates, and shows in detail how Hicks built on and extended Keynes’s account. According to this theory, the level of the long-term interest rate is determined by expectations of future short-term rates. Keynes’s thinking contained several notions – such as the preferred habitat of lenders, the theory of forward markets, and risk-premiums – which Hicks used to give a more complete theory of the term structure of interest rates. Besides implementing these notions in his own theory, Hicks introduced the concepts of the preferred habitat of borrowers,…