IDEAS home Printed from https://ideas.repec.org/p/uwo/epuwoc/20126.html
   My bibliography  Save this paper

Today's Standards and Yesterday's Economics - Two Short Occasional Essays: Eliminating History from Economic Thought and Mark Blaug on the Quantity Theory

Author

Abstract

The first of these essays was written for a happy occasion – my acceptance of honorary membership in the European Society for the History of Economic Thought. The second marked an altogether sadder event - the death of Mark Blaug. Though at first sight their topics are very different, both in fact deal with some of the limitations inherent in applying contemporary criteria, in the first case those of modern equilibrium modeling, and in the second, those of empirically oriented positive economics, to understanding and assessing the economics of the past.

Suggested Citation

  • David Laidler, 2012. "Today's Standards and Yesterday's Economics - Two Short Occasional Essays: Eliminating History from Economic Thought and Mark Blaug on the Quantity Theory," University of Western Ontario, Economic Policy Research Institute Working Papers 20126, University of Western Ontario, Economic Policy Research Institute.
    • Handle: RePEc:uwo:epuwoc:20126
    as

    Download full text from publisher

    File URL: https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1066&context=economicsepri_wp
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Blaug,Mark, 1997. "Economic Theory in Retrospect," Cambridge Books, Cambridge University Press, number 9780521577014, September.
    2. B. C. Eaton & Richard G. Harris (ed.), 1997. "Trade, Technology and Economics," Books, Edward Elgar Publishing, number 1020.
    3. Robinson, Joan, 1970. "Quantity Theories Old and New," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 2(4), pages 504-512, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Peter J. Buckley, 2016. "Historical Research Approaches to the Analysis of Internationalisation," Management International Review, Springer, vol. 56(6), pages 879-900, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. David Laidler, 2013. "Mark Blaug on the quantity theory: a skirmish on the border between science and ideology in the history of economic thought," Chapters, in: Marcel Boumans & Matthias Klaes (ed.), Mark Blaug: Rebel with Many Causes, chapter 7, pages 63-77, Edward Elgar Publishing.
    2. Tomasz Grodzicki & Mateusz Jankiewicz, 2020. "Forecasting the Level of Unemployment, Inflation and Wages: The Case of Sweden," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 400-409.
    3. Su, Huei-Chun & Colander, David, 2021. "The Economist As Scientist, Engineer, Or Plumber?," Journal of the History of Economic Thought, Cambridge University Press, vol. 43(2), pages 297-312, June.
    4. Edward Nelson, 2019. "Karl Brunner and U.K. Monetary Debate," Finance and Economics Discussion Series 2019-004, Board of Governors of the Federal Reserve System (U.S.).
    5. Amir, Rabah & Bloch, Francis, 2009. "Comparative statics in a simple class of strategic market games," Games and Economic Behavior, Elsevier, vol. 65(1), pages 7-24, January.
    6. Khalid Iqbal, 2017. "Welfare Economics: A Story of Existence," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 20(64), pages 75-83, June.
    7. Ludovic A. Julien, 2017. "Hierarchical Competition and Heterogeneous Behavior in Noncooperative Oligopoly Markets," Post-Print hal-01637298, HAL.
    8. Ghosal, Sayantan & Tonin, Simone, 2014. "Non-Cooperative Asymptotic Oligopoly in Economies with Infinitely Many Commodities," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon TN 2015-23, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. David Wiens, 2016. "Assessing ideal theories," Politics, Philosophy & Economics, , vol. 15(2), pages 132-149, May.
    10. Andrew Lister, 2017. "Markets, desert, and reciprocity," Politics, Philosophy & Economics, , vol. 16(1), pages 47-69, February.
    11. Busetto, Francesca & Codognato, Giulio & Ghosal, Sayantan, 2012. "Noncooperative Oligopoly in Markets with a Continuum of Traders: A Limit Theorem," The Warwick Economics Research Paper Series (TWERPS) 994, University of Warwick, Department of Economics.
    12. Nicolò Bellanca & Stefani Innocenti, 2013. "Not-dividing the Indivisible: Formation of the Sacred and Antagonistic Conflicts," Working Papers - Economics wp2013_10.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    13. Arjun SINGH & Dr. S.P. PADHI, 2020. "India and trade blocs: A gravity model analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(625), W), pages 217-232, Winter.
    14. GABSZEWICZ, Jean & GRAZZINI, Lisa, 2000. "Strategic multilateral exchange and taxes," LIDAM Discussion Papers CORE 2000063, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    15. Michael T. Rauh, 2007. "Incentives, Solidarity, and the Division of Labor," Working Papers 2007-15, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    16. M. Lombardi & S. Tonin, 2020. "On trade in bilateral oligopolies with altruistic and spiteful agents," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 8(2), pages 203-218, October.
    17. Vladiir Yefimov, 2015. "Two Disputes Of Methods, Three Constructivisms, And Three Liberalisms. Part I," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 29-38.
    18. Yefimov, V. M., 2015. "Two Disputes of Methods Three Constructivisms and Three Liberalisms. Part I," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 1(1), pages 24-33.
    19. Roberto Camagni, 2002. "On the Concept of Territorial Competitiveness: Sound or Misleading?," Urban Studies, Urban Studies Journal Limited, vol. 39(13), pages 2395-2411, December.
    20. Francesca Busetto & Giulio Codognato & Sayantan Ghosal & Ludovic Julien & Simone Tonin, 2020. "Existence and optimality of Cournot–Nash equilibria in a bilateral oligopoly with atoms and an atomless part," International Journal of Game Theory, Springer;Game Theory Society, vol. 49(4), pages 933-951, December.

    More about this item

    Keywords

    Time; Progress; Empirical Evidence; True Model; Rational Expectations; Money; Quantity Theory; Value Theory; Positive Economics; Empiricism; Formalism; Bimetallism; Gold Standard; Monetarism;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uwo:epuwoc:20126. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://economics.uwo.ca/research/research_papers/epri_workingpapers.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.