Economic Theory in the Twentieth Century, an Intellectual History--Volume II: 1919-1945. Economic Theory in an Age of Crisis and Uncertainty

ISBN-13: 9783030809898 / Angielski / Miękka / 2022

Roberto Marchionatti

Opis

This book, set out over three-volumes, provides a comprehensive history of economic thought in the 20^th century with special attention to the cultural and historical background in the development of theories, to the leading or the peripheral research communities and their interactions, and finally to an assessment and critical appreciation of economic theories. Volume II addresses economic theory in the period between the two world wars in which the economic theory went through a process of criticism of old mainstream, deconstruction and reconstruction and theoretical ferment which involved the intellectual communities of economists emphasizing their nature of evolving interacting entities. This work provides a significant and original contribution to the history of economic thought and gives insight to the thinking of some of the major international figures in economics. It will appeal to students, scholars and the more informed reader wishing to further their understanding of the history of the discipline.

Spis treści

1 Introduction

1.1     The Historical Scenario: Capitalism in Crisis

1.2     Economic Theory between the Two World Wars: Dealing with New Problems and New Theoretical Challenges

1.3     The Map of Economic Theory between the two World Wars

2   Economics in Cambridge and Oxford in the Age of John Maynard Keynes

2.1     Prologue. Between the Old and the New Cambridge School

2.2     Arthur C. Pigou and Marshallian Economics in the 1920s and its decline

2.3     John Maynard Keynes (1883-1946)

2.4     The New Cambridge School: Keynes’s close circle (Richard Kahn, 1905-1999; Austin Robinson, 1897-1993; Joan Robinson, 1903-1983) and their Fellow-Travelers (Piero Sraffa, 1898-1983; Maurice Dobb, 1900-1976; Michał Kalecki, 1899-1970; and Roy Harrod, 1900-1978)

2.5     Critical Developments in Oxford: the Oxford Economists’ Research Group

3   Economics in London: the London School of Economics (LSE)

3.1    Prologue: LSE under Robbins’s leadership

3.2    Lionel Robbins (1898-1984)

3.3    Friedrich August von Hayek (1899-1992), the LSE Years

3.4    John Hicks (1904-1989), between LSE and Cambridge

3.5 Abba Ptachya Lerner (1902-1982), the LSE Years

4    Economics in Berlin, Vienna and Other Minor German Centers

4.1    Prologue

4.2    Economics in Berlin, I: the development of a classical conception of general economic equilibrium in Bortkiewicz’s circle: Robert Remak (1888-1942) and the young Wassily Leontief (1905-1999)

4.3   Economics in Cologne and Berlin, II: the analysis of oligopolistic market forms by Heinrich von Stackelberg (1905-1946)

4.4    Economics in Minor German Centers: Kiel and Freiburg

4.5    Economics in Vienna. I. Ludwig von Mises (1881-1973) and the Neo-Austrian School

4.6    Economics in Vienna. II. Oskar Morgenstern (1902-1977), a “reluctant Austrian”

4.7 Economics in Vienna, III. Carl Menger’s “second edition” of the Grundsätze, 1923. A note

4.8 Economics in Vienna. IV. Philosophy, Economics and Mathematics in the Wiener Kries and in the Mathematische Kolloquium

5         Economics in the Rest of Europe

5.1 Introduction

5.2 New Developments in the Northern European Countries, I. Economics in Sweden: Gunnar Myrdal (1898-1987) and the Stockholm School

5.3    New Developments in the Northern European Countries, II. Ragnar Frisch (1895-1974) in Oslo, Jan Tinbergen (1903-1994) in Rotterdam and the Birth of the Econometric Movement between Europe and the United States

5.4          Economics in France, Italy and the USSR

6  Economics in the United States: New York, Harvard, Chicago and Princeton

6.1    Prologue

6.2    Economics in New York: Columbia and the ‘New School for Social Research’, and the leadership of Wesley Mitchell (1874-1948)

6.3          Economics at Harvard: Development of a Great Intellectual Community

6.4          Economics in Chicago: a “Mixed Bag”

6.5          Economics at Princeton: John von Neumann, Oscar Morgenstern and the birth of game theory

7   Great Controversies

7.1   The Controversy on Marshall and the Marshallian Orthodoxy in England and the US in the 1920s

7.2    The socialist calculation debate, 1919-1940

7.3    The Keynes-Tinbergen controversy on econometric method

8 Between the Two World Wars: The Years of High Theory?

O autorze

Roberto Marchionatti is Professor of Economics, University of Torino, and Fellow of the Accademia delle Scienze di Torino. He has been Visiting Scholar at the Universities of New York and Cambridge. He is the editor of Annals of Fondazione Luigi Einaudi: An Interdisciplinary Journal of Economics, History and Political Science.

Blurb

This book, set out over three-volumes, provides a comprehensive history of economic thought in the 20^th century with special attention to the cultural and historical background in the development of theories, to the leading or the peripheral research communities and their interactions, and finally to an assessment and critical appreciation of economic theories.

Volume II addresses economic theory in the period between the two world wars in which the economic theory went through a process of criticism of old mainstream, deconstruction and reconstruction and theoretical ferment which involved the intellectual communities of economists emphasizing their nature of evolving interacting entities.

This work provides a significant and original contribution to the history of economic thought and gives insight to the thinking of some of the major international figures in economics. It will appeal to students, scholars and the more informed reader wishing to further their understanding of the history of the discipline.

Roberto Marchionatti is Professor of Economics, University of Torino, and Fellow of the Accademia delle Scienze di Torino. He has been Visiting Scholar at the Universities of New York and Cambridge. He is the editor of Annals of Fondazione Luigi Einaudi: An Interdisciplinary Journal of Economics, History and Political Science.