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Is History of Economics What Historians of Economic Thought Do? A Quantitative Investigation

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  • Maria Cristina Marcuzzo

    () (Department of Statistics - Sapienza, University of Rome)

  • Giulia Zacchia

    () (Department of Statistics - Sapienza, University of Rome)

Abstract

This paper presents a quantitative investigation into the history of economic thought (HET). Building on previous work (Marcuzzo 2008; 2012), we propose an empirical study with the aim of describing the dynamics of changes in HET in recent years, detecting three trends: 1) a sort of ‘stepping down from the shoulders of giants’, namely a move towards studies of ‘minor’ figures and/or economists from a more recent past; 2) the blossoming of archival research into unpublished work and correspondence; 3) less theory-laden investigations, connecting intellectual circles, linking characters and events. Using data from Econlit we show the evolution of the overall publication of het articles (1955-2013) and of HET fully or partially specialized journals (1993-2013); for the latter, by devising proxies which are amenable to quantitative assessment, we demonstrate that there is some evidence to support these claims.

Suggested Citation

  • Maria Cristina Marcuzzo & Giulia Zacchia, 2016. "Is History of Economics What Historians of Economic Thought Do? A Quantitative Investigation," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 24(3), pages 29-46.
  • Handle: RePEc:hid:journl:v:24:y:2016:3:2:p:29-46
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    References listed on IDEAS

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    1. Frank H. Knight, 1936. "The Quantity of Capital and the Rate of Interest: II," Journal of Political Economy, University of Chicago Press, vol. 44, pages 612-612.
    2. Jacques-Laurent Ravix, 2006. "l'opposition entre Menger et Böhm-Bawerk sur la théorie du capital et de la production," Post-Print halshs-00462572, HAL.
    3. Andrés Álvarez & Vincent Bignon, 2013. "L. Walras and C. Menger: two ways on the path of modern monetary theory," The European Journal of the History of Economic Thought, Taylor & Francis Journals, pages 89-124.
    4. Charles A. Tuttle, 1903. "The Real Capital Concept," The Quarterly Journal of Economics, Oxford University Press, vol. 18(1), pages 54-96.
    5. Erich Streissler, 1972. "To What Extent Was the Austrian School Marginalist?," History of Political Economy, Duke University Press, pages 426-441.
    6. Frank H. Knight, 1936. "The Quantity of Capital and the Rate of Interest: I," Journal of Political Economy, University of Chicago Press, vol. 44, pages 433-433.
    7. Andrés Álvarez & Vincent Bignon, 2013. "L. Walras and C. Menger: two ways on the path of modern monetary theory," The European Journal of the History of Economic Thought, Taylor & Francis Journals, pages 89-124.
    8. Richard Arena & Sandye Gloria-Palermo, 2008. "Menger and Walras on Money: A Comparative View," History of Political Economy, Duke University Press, pages 317-343.
    9. Endres, Anthony M. & Harper, David A., 2011. "Carl Menger And His Followers In The Austrian Tradition On The Nature Of Capital And Its Structure," Journal of the History of Economic Thought, Cambridge University Press, pages 357-384.
    10. Braun, Eduard, 2014. "The Menger–Lachmann Trajectory On Capital: A Comment On Endres And Harper," Journal of the History of Economic Thought, Cambridge University Press, pages 97-102.
    11. Andres Alvarez, 2004. "Learning to choose a commodity-money: Carl Menger's theory of imitation and the search monetary framework," The European Journal of the History of Economic Thought, Taylor & Francis Journals, pages 53-78.
    12. George J. Stigler, 1937. "The Economics of Carl Menger," Journal of Political Economy, University of Chicago Press, vol. 45, pages 229-229.
    13. Mikael Stenkula, 2003. "Carl Menger and the network theory of money," The European Journal of the History of Economic Thought, Taylor & Francis Journals, pages 587-606.
    14. Yukihiro Ikeda, 2008. "Carl Menger's monetary theory: A revisionist view," The European Journal of the History of Economic Thought, Taylor & Francis Journals, pages 455-473.
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    Cited by:

    1. Zacchia, Giulia, 2016. "Segregation or homologation? Gender differences in recent Italian economic thought," MPRA Paper 72279, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics

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