著者
Nikolay Nenovsky
出版者
The Japanease Society for the History of Economic Thought
雑誌
経済学史研究 (ISSN:18803164)
巻号頁・発行日
vol.52, no.2, pp.1-26, 2011 (Released:2019-08-20)
被引用文献数
2 2

Abstract: The profundity and timing of the collapse of the socialist economies took the economists on both sides of the Iron Curtain by surprise. There were no theories that could explain or analyze the nature of such systemic social events and processes. The soviet- style Marxist political economy, neoclassical theory, and Keynesian interpretations were unable to anticipate, explain, or offer solutions to the real problems. This paper, explores the intellectual reactions of the Bulgarian economic community to the collapse of the planned economy and to the practical and theoretical challenges of the post-communist period. The following are the three primary objectives of this study: First is a methodological objective, i.e., for explaining the dissemination of economic knowledge, determining its channels, as well as explaining the basic transmission mechanisms of economic theory in Bulgaria after the disintegration of the socialist bloc. Second is a purely informational objective, i.e., to present the major topics and issues studied during the period 1989-2009 and the findings of the economists working on them. Finally, the third objective and parallel task is to theoretically interpret the development, characteristics, and specificities of the Bulgarian economic thought during that period. The main conclusion of this study is that although a few interesting studies regarding the Bulgarian economic science have been published, they fail to offer independent and original ideas. The Bulgarian economic perspectives closely follow the trends of western economic science, which itself is currently at crossroads and is encountering numerous challenges. JEL classifications numbers: B 20, B 41, P 50. *
著者
西岡 幹雄
出版者
The Japanease Society for the History of Economic Thought
雑誌
経済学史研究 (ISSN:18803164)
巻号頁・発行日
vol.52, no.1, pp.1-19, 2010 (Released:2019-08-20)
被引用文献数
1 1

Abstract: Dazai Shundai (1680―1747) associated the problem of the interest in people’s welfare by creating useful means for which they enriched their lives with institutionalization processes of political economy in the early eighteenth-century Japan. He meant that the purpose of public welfare-to cause stability and prosperity of the community and people’s lives in general-was established as a part of practical learning, through institutionalization. This offered a practical approach to rationality. Dazai linked “the road to public welfare by interests” with the management of the state and human relief. When he attempted to discuss the problem of the ‘the law of joheiso’ as an institutional framework, on the basis of the theme of public welfare of people by interest, his philosophy of political economy contained a systematic design for welfare and economy. This included the manner in which a solution that loses touch with private interests is able to adjust “the world and the nation” as external public interests. However, Dazai’s conclusion was unable to absorb in a unilateral manner the frame cost in order to advance institutionalization, and would overload public welfare. Before creating an institutional design, what can morality in the social climate constitute in the institutional performance among incentive structures? The activation, based on moral recognition, widely needed the foundation of the institutional design for public welfare and its spillover effect. In this sense, Dazai’s image of humankind was that of an uncooperative situation, which was due to his belief that people were unable to be endogenous in their learning function. JEL classification numbers: B 11, H 11, N 35.
著者
若田部 昌澄
出版者
The Japanease Society for the History of Economic Thought
雑誌
経済学史研究 (ISSN:18803164)
巻号頁・発行日
vol.51, no.2, pp.18-32, 2009 (Released:2019-08-08)
参考文献数
49

This paper proposes a way to understand the evolution of macroeconomic thinking. The macroeconomic thinking, not necessarily synonymous with macroeconomics, has been dealing with the questions of money and business cycles. Money and business cycles, in turn, have been closely connected with the international monetary arrangements such as the Gold Standard, the Bimetallic Standard, the Bretton Woods system, and the Flexible Exchange Rate. I shall argue that the evolution of macroeconomic thinking is best understood as the responses of economists to, and their interaction with, the changing monetary and exchange rate regimes. The theoretical foundation of the paper is rather simple: the so-called trilemma, or “irreconcilable or impossible trinity.” A policymaker cannot simultaneously choose a fixed exchange rate, free mobility of capital, and domestic price stability via independent monetary policy. Facing this constraint, the policymaker can, at most, choose two from among these three goals. Therefore, further questions emerge: which goal or goals should be given priority from among these three, and what is the exact tool or mechanism that can ensure the achievement of preset policy goals. The answer to the first question determines the nature of international monetary arrangements, which, in turn, are shaped by political and economic factors. With respect to the second issue, institutions, or what we might call the institutional or social governance technology, play a crucial role. Throughout history, concerns over “unrestrained inflation” have been widespread, since there have always been strong incentives for a government to raise seigniorage by over-issuing money. The choice of international monetary arrangements depends on the availability, credibility, and effectiveness of a specific social governance technology that acts as a constraint upon policymakers, which, in turn, depend on the specific political and economic structure. JEL classification numbers: B 20, B 22, E 42.
著者
Marek Ratajczak
出版者
The Japanease Society for the History of Economic Thought
雑誌
経済学史研究 (ISSN:18803164)
巻号頁・発行日
vol.51, no.2, pp.1-17, 2009 (Released:2019-08-08)
参考文献数
27
被引用文献数
1

The anniversary of the launch of transition in Poland is a good opportunity for summarizing the changes that have occurred in Polish economics and the Polish economy over the last twenty years. The author believes that certain processes cannot be understood without providing a broader historical background to them. Therefore, the aim of this paper is to present what the author believes to be the most important trends in the development of the Polish economy and Polish economics not only in the postwar period, but also before World War II. Polish economics and the Polish economy have undergone transformation over two decades of transition. In this period, Polish economists began to adapt their research to major trends of modern economics. A majority of them agreed to the concepts of mainstream economics. The main weakness of Polish economics continues to be the limited number of publications in prestigious English-language periodicals. In effect, Polish economics continues to be little known in the world. JEL classification numbers: B 24, N 14, P 30.
著者
François Allisson
出版者
The Japanease Society for the History of Economic Thought
雑誌
経済学史研究 (ISSN:18803164)
巻号頁・発行日
vol.51, no.1, pp.19-35, 2009 (Released:2019-06-21)
参考文献数
20
被引用文献数
1 3

This paper evaluates the reception of Léon Walras’ ideas in Russia before 1920. Despite an unfavourable institutional context, Walras was read by Russian economists. On the one hand, Bortkiewicz and Winiarski, who lived outside Russia and had the opportunity to meet and correspond with Walras, were first class readers and very good ambassadors for Walras’ ideas, while on the other, the economists living in Russia were more selective in their readings. They restricted themselves to Walras’ Elements of Pure Economics, in particular, its theory of exchange, while ignoring its theory of production. We introduce a cultural argument to explain their selective reading. JEL classification numbers: B 13, B 19.
著者
Jesús Astigarraga Juan Zabalza
出版者
The Japanease Society for the History of Economic Thought
雑誌
経済学史研究 (ISSN:18803164)
巻号頁・発行日
vol.51, no.1, pp.1-18, 2009 (Released:2019-06-21)
参考文献数
20

This article focuses on the fate of Walras and Walrasian ideas in Spain, which should be contextualised within the coming of marginalism to Spain. Traditionally, it has been accepted that marginalism was almost forgotten by Spanish economists during the period of 1870 to 1936. This statement held on to the idea that Spanish economists did not contribute in almost any way to the theoretical heritage at the time. However, this interpretation is misleading in that Spanish economists were well informed about the advances of economic theory and that they applied them to solve the problems of Spain’s economic backwardness. In particular, during the first third of the twentieth century, the main Spanish economists used a generic version of ‘national equilibrium,’ which was merely a simplified adaptation of the Walrasian notion of equilibrium to the Spanish economy, for grappling with the problems of economic development. Three economists in particular, Antonio Flores de Lemus, Romà Perpiñá Grau and more specifically Manuel de Torres, used this version to support different economic policies that were assumed to contend with economic backwardness. In doing so, they contributed to the introduction of marginalism, and in particular, Walrasian ideas into Spain. JEL Classification: B 13, B 31, D 50.
著者
加藤 健
出版者
The Japanease Society for the History of Economic Thought
雑誌
経済学史研究 (ISSN:18803164)
巻号頁・発行日
vol.50, no.2, pp.38-55, 2009-02-05 (Released:2010-08-05)
参考文献数
37

In the early 20th century before the New Deal, a change took place in labor relations in the United States which was substantial enough to cause chronic unemployment. The purpose of this paper is to examine American thinking on social security during the 1910s, particularly the specific issue of what type of unemployment insurance was needed in the United States and, from a historical standpoint, to compare American ideas with those of European countries during the same period. The focus here is on two daring plans: the prevention of unemployment and the compensation for unemployment.Through labor legislation, John R. Commons and John B. Andrews devised a plan to make both employer and employee responsible for creating a reserve to be used for unemployment compensation. They found a system for unemployment insurance funds that was maintained and administered by only a few progressive firms which was worth emulating. They recognized the significance of these firms' method and sought to have other employers compelled to adopt the bold new ideas by introducing them through labor legislation. Afterwards, their plan was called the “Wisconsin plan.”I. M. Rubinow's scheme was designed to improve the living standard of workers and channel public subsidies into an unemployment insurance fund. His design for unemployment insurance was based on statistical data on the unemployment rate and workingmen's wages. Rubinow believed that the problem of unemployment could be solved by instituting compulsory unemployment insurance, which would be, in effect, a partial redistribution of wealth through government intervention. Later, Rubinow's ideas would become the theoretical core of the Ohio plan.In short, the features of those schemes of Rubinow's and Commons and Andrews's differed in the range of intervention to the system design by the government, but each pointed out the necessity of compulsory insurance, respectively. On examining the specific historical context, I argue that the New Deal social programs of the 1930s were not the result of attempts first initiated to handle the myriad of problems arising at a time of mass unemployment during the Great Depression; rather, they had origins which had developed from the controversy and debate on institutional social security and unemployment insurance that ran through the economic discourse of the 1910s and that, in fact, paved the way to the fruition of those systems in the future.
著者
山本 崇史
出版者
The Japanease Society for the History of Economic Thought
雑誌
経済学史研究 (ISSN:18803164)
巻号頁・発行日
vol.50, no.2, pp.56-73, 2009-02-05 (Released:2010-08-05)
参考文献数
32

Because Pigou had developed an economic theory and policy around the problem of welfare, in this paper I devote particular attention to the theoretical basis for Pigou's initial opposition to the protective tariff. My purpose is to clarify how the theory behind his criticism contributes to an understanding of Pigou's economics. The three main points may be summarized as follows.First, Pigou already had an established interest in the relation between national dividend (income) and welfare when he formulated his criticism of protective tariffs, and he recognized that national dividend and welfare would increase and decrease by the same direction. He backed his objection to protective tariffs with a close examination of how they would operate to raise or reduce the national dividend. The significance of these ideas becomes clearer when it is shown that, at that time, Pigou had, quietly, formed the theoretical directionality that later would emerge in his welfare economics.Second, Pigou's discussion of the influence of protective tariffs on labor, employment, and unemployment considers the problem of industrial fluctuation and stability in annual income and how industrial fluctuation determined incomes of the poor. He recognized, in other words, the relation of protective tariffs to the “third proposition of welfare economics.” In this, Pigou seems to demonstrate an understanding of the basis of unemployment and business cycle theory of later years.Third, Pigou did not object in principle to protective tariffs and protection. Rather, he tried to deal with the question of protective tariffs and protection by considering the stage of development of a nation's economy and society.
著者
Alan Booth
出版者
The Japanease Society for the History of Economic Thought
雑誌
経済学史研究 (ISSN:18803164)
巻号頁・発行日
vol.50, no.2, pp.74-88, 2009-02-05 (Released:2010-08-05)
参考文献数
38

This paper looks at debates on the opposition to British government economic policy in the interwar years. It concentrates on the views emanating from the leading representatives of British industry and commerce and notes in the historiography a tendency to contrast a stream of progressive ideas in the 1920s with a more conservative approach in the following decade. This paper suggests that the contrasts may have been overstated and focuses on preliminary investigations into the series of lectures organised by B. Seebohm Rowntree throughout the interwar period. The article suggests that there were many continuities in business thought during the period, and that the main contribution of business to the ‘planning debates’ of both interwar decades was in the consolidation and systematisation of domestic and American ideas on management, especially the management of labour. The tendency to view participation of business leaders as contributions to economic policy, narrowly defined, is potentially misleading but our view of the scale of the planning debate of the 1930s needs to be revised to include significant changes in management theory.