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

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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.

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  • 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
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    File URL: https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1066&context=economicsepri_wp
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    References listed on IDEAS

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    1. Blaug,Mark, 1997. "Economic Theory in Retrospect," Cambridge Books, Cambridge University Press, number 9780521577014.
    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.
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    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.

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    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

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