Research in the history of economic thought and methodology. Vol. 29, pt. 1

219 Pages·2011·1.636 MB·English

by  Biddle, Jeff;Emmett, Ross B

RESEARCH IN THE HISTORY OF
ECONOMIC THOUGHT AND
METHODOLOGY
A RESEARCH ANNUAL
RESEARCH IN THE HISTORY
OF ECONOMIC THOUGHT
AND METHODOLOGY
Founding Editor: Warren J. Samuels
Series Editors: Jeff E. Biddle, Ross B. Emmett and
Marianne Johnson
Recent Volumes:
Volume24A: ResearchintheHistoryofEconomicThoughtandMethodology:AResearch
Annual;WarrenJ.Samuels,JeffE.BiddleandRossB.Emmett;2006
Volume24B: ResearchintheHistoryofEconomicThoughtandMethodology:Further
DocumentsfromF.TaylorOstrander;WarrenJ.Samuels;2006
Volume24C: ResearchintheHistoryofEconomicThoughtandMethodology:Documents
fromandonEconomicThought;WarrenJ.Samuels;2006
Volume25A: ResearchintheHistoryofEconomicThoughtandMethodology:AResearch
Annual;WarrenJ.Samuels,JeffE.BiddleandRossB.Emmett;2007
Volume25B: ResearchintheHistoryofEconomicThoughtandMethodology:Documents
fromtheHistoryofEconomicThought;WarrenJ.Samuels;2007
Volume25C: ResearchintheHistoryofEconomicThoughtandMethodology:Further
DocumentsfromtheHistoryofEconomicThought;WarrenJ.Samuels;2007
Volume26A: ResearchintheHistoryofEconomicThoughtandMethodology:AResearch
Annual;WarrenJ.Samuels,JeffE.BiddleandRossB.Emmett;2008
Volume26B: ResearchintheHistoryofEconomicThoughtandMethodology:Further
DocumentsfromF.TaylorOstrander;2008
Volume26C: ResearchintheHistoryofEconomicThoughtandMethodology:Documents
onandfromtheHistoryofEconomicThoughtandMethodology;WarrenJ.
Samuels,MarianneJohnsonandKirkJohnson;2008
Volume27A: ResearchintheHistoryofEconomicThoughtandMethodology:AResearch
Annual;WarrenJ.Samuels,JeffE.BiddleandRossB.Emmett;2009
Volume27B: ResearchintheHistoryofEconomicThoughtandMethodology:Henry
George,theTransatlanticIrish,andtheirTimes;KennethC.Wenzer;2009
Volume27C: DocumentsfromGlennJohnsonandF.TaylorOstrander;WarrenJ.Samuels
andMarianneJohnson;2009
Volume28A: ResearchintheHistoryofEconomicThoughtandMethodology:AResearch
Annual;JeffE.BiddleandRossB.Emmett;2010
Volume28B: English,IrishandSubversivesAmongtheDismalScientists;NigelAllington
andNoelThompson;2010
Volume28C: EconomicTheorybyTaussig,Young,andCarveratHarvard;WarrenJ.
SamuelsandMarianneJohnson;2010
RESEARCH IN THE HISTORY OF ECONOMIC THOUGHT
AND METHODOLOGY VOLUME 29-A
RESEARCH IN THE
HISTORY OF ECONOMIC
THOUGHT AND
METHODOLOGY
A RESEARCH ANNUAL
EDITED BY
JEFF E. BIDDLE
Department of Economics, Michigan State University,
East Lansing, MI, USA
ROSS B. EMMETT
James Madison College, Michigan State University,
East Lansing, MI, USA
United Kingdom – North America – Japan
India – Malaysia – China
EmeraldGroupPublishingLimited
HowardHouse,WagonLane,BingleyBD161WA,UK
Firstedition2011
Copyrightr2011EmeraldGroupPublishingLimited
Reprintsandpermissionservice
Contact:[email protected]
Nopartofthisbookmaybereproduced,storedinaretrievalsystem,transmittedinany
formorbyanymeanselectronic,mechanical,photocopying,recordingorotherwise
withouteitherthepriorwrittenpermissionofthepublisheroralicencepermitting
restrictedcopyingissuedintheUKbyTheCopyrightLicensingAgencyandintheUSA
byTheCopyrightClearanceCenter.Noresponsibilityisacceptedfortheaccuracyof
informationcontainedinthetext,illustrationsoradvertisements.Theopinions
expressedinthesechaptersarenotnecessarilythoseoftheEditororthepublisher.
BritishLibraryCataloguinginPublicationData
AcataloguerecordforthisbookisavailablefromtheBritishLibrary
ISBN:978-1-78052-006-3
ISSN:0743-4154(Series)
Emerald Group Publishing
Limited, Howard House,
Environmental Management
System has been certified by
ISOQAR to ISO 14001:2004
standards
Awarded in recognition of
Emerald’s production
department’s adherence to
quality systems and processes
when preparing scholarly
journals for print
CONTENTS
LIST OF CONTRIBUTORS vii
EDITORIAL BOARD ix
ACKNOWLEDGMENTS xi
BUILDING AND DEFINING BEHAVIORAL
ECONOMICS
Floris Heukelom 1
THE POOR LAWS IN 19TH CENTURY ENGLAND:
HISTORIOGRAPHY OF THE DEBATE ON THE
CONTROVERSIAL LINK BETWEEN SOCIAL JUSTICE
AND ECONOMIC ADVANTAGE
Alain Cle´ment 31
FRANK KNIGHT, JOHN DEWEY, AND AMERICAN
PRAGMATISM: A FURTHER NOTE
Luca Fiorito 59
A.D. ROY: THE FORGOTTEN FATHER OF
PORTFOLIO THEORY
Edward J. Sullivan 73
GERHARD COLM ON JOHN MAURICE CLARK’S
ECONOMICS OF PLANNING PUBLIC WORKS: AN
UNPUBLISHED LETTER
Luca Fiorito and Matias Vernengo 83
THE SCOPE OF ANALYSIS IN THE SOCIALIST
CALCULATION DEBATE
D. W. MacKenzie 95
v
vi CONTENTS
CONFERENCE REPORT
STUDYING ECONOMIC INSTITUTIONS: AN
EXERCISE IN EXISTENTIAL CHOICE – A TRIBUTE
TO ALAN SCHMID AND APPRAISAL OF
ALTERNATIVE ECONOMIC STRUCTURES
Charles J. Whalen 129
REVIEW ESSAYS
ROSS’ LIFE OF SMITH & PHILLIPSON’S
ENLIGHTENED LIFE
Depicting Adam Smith: Intellectual Biography and
the History of Economic Thought
Willie Henderson 141
SHIONOYA AND NISHIZAWA’S MARSHALL AND
SCHUMPETER ON EVOLUTION
TwoGreat Economistsonthe Evolutionof Capitalism
Renee Prendergast 175
MULLER’S CAPITALISM AND THE JEWS
Capitalism and the Jews: Essays and Puzzles
Jonathan S. Feinstein 185
LAL’S REVIVING THE INVISIBLE HAND
The Search for a Prosperous and Stable Global Order:
The Contribution of Free Trade Ideals
Willie Henderson 191
LIST OF CONTRIBUTORS
Alain Cle´ment De´partement de sciences e´conomiques,
Universite´ Franc-ois-Rabelais - Tours,
France
Jonathan S. Feinstein Yale School of Management, New Haven,
CT, USA
Luca Fiorito Dipartimento di Studi Europei, University
of Palermo, Italy
Willie Henderson International Associate, Alworth Institute
for International Studies, University of
Minnesota, Duluth, MN, USA
Floris Heukelom Department of Economics, Nijmegen
School of Management, Radboud
University Nijmegen, The Netherlands
Douglas W. MacKenzie College of Business, Ohio Northern
University, Ada, OH, USA
Renee Prendergast Management School, Queen’s University,
Belfast, Northern Ireland
Edward J. Sullivan Department of Business and Economics,
Lebanon Valley College, Annville, PA,
USA
Matias Vernengo Department of Economics, University of
Utah, St. Lake City, UT, USA
Charles J. Whalen Macroeconomic Analysis Division,
Congressional Budget Office, Washington,
DC, USA
vii

EDITORIAL BOARD
FOUNDING EDITOR
Warren J. Samuels
Michigan State University, USA
William Breit S. Todd Lowry
Trinity University, USA Washington and Lee University,
USA
Bruce J. Caldwell
University of North Carolina, Steven G. Medema
Greensboro, USA University of Colorado Denver,
USA
John B. Davis
Marquette University, USA Howard Sherman
University of California,
Craufurd D. Goodwin USA
Duke University, USA
Andrew S. Skinner
Robert F. He´bert University of Glasgow, UK
Auburn University, USA
Vincent J. Tarascio
Alon Kadish University of North Carolina,
Hebrew University of Jerusalem, USA
Israel
John C. Wood
Edith Cowan University,
Australia
ix