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Published by EH.NET (July 1999)
Robert B. Ekelund, Jr. and Robert F. Hebert. _Secret Origins of Modern
Microeconomics: Dupuit and the Engineers_. Chicago: University of Chicago
Press, 1999. xvi + 468 pp. $40.00 (cloth). ISBN: 0-226-19999-1.
Reviewed for EH.NET by Marcel Boumans, Department of Economics, University
of Amsterdam. <[log in to unmask]>
Appropriated Origins of Microeconomics
Secrets should be divulged and not belong to a few only. Therefore, right
from the start the secret of the origin of modern microeconomics is given
away by presenting it as the main thesis of this book, namely that
"Microeconomics as we now know it was developed first and foremost by
engineers rather than economists, and that its origins were French rather
than British" (p. xi). So right from the beginning we know where we are and
this book is seemingly set up to prove this claim. That is a pity, because
it puts this book into a historiographically questionable framework: Whig
history with the phrasing that belongs to it. "French econo-engineers, and
a few kindred 'foreigners' who were drawn into their orbit, were not merely
forerunners of neoclassical microeconomics: they were its inventors" (p.
11). The next phrase is an even better example of this framework: "[T]he
theory of utility and demand emerged like a chrysalis from the empirical
cocoon of more than four decades of engineers' practical attempts to
calculate and understand value" (pp. 75-6).
This is a pity, because this historiographical strait jacket hinders us
from seeing the real value of this work: Robert Ekelund and Robert Hebert
convincingly argue that the intellectual tradition of microeconomic inquiry
can be traced back to the works of the members of the Corps des Ingenieurs
des Ponts et Chausses (French corps of state civil engineers), most notably
Jules Dupuit (1804-66). This is a rich book that discloses materials that
before were inaccessible to historians of economics. They were inaccessible
for two reasons: First, most of the French works discussed by Ekelund and
Hebert have not been translated, which is certainly a handicap in a
discipline whose language is predominantly English. The second reason is
that materials mainly belong to the engineering literature, which is not
the usual place to look for the origins of economics. This latter attitude
has changed among current historians of economics, thanks to contributions
like those of Ekelund and Hebert.
The analysis of the French engineering literature (chapters 3-12) is
preceded by a very informative chapter on French educational institutions,
before and after the French Revolution, which explains partly why in France
the contributions of the engineers were neglected by economists. The
history of the French econo-engineering starts with an overview of
benefit-cost studies from the seventeenth century onwards. Then it is shown
how Say's value theory, specifically demand theory, was perceived by the
engineers. Of importance was the discussion of whether and how (marginal)
utility should be incorporated in the demand analysis. Next the authors
give an exposition of (mainly) Dupuit's treatment of competition, monopoly,
duopoly and costs-based pricing. Next comes an examination of Dupuit's
analysis of price discrimination. The remaining chapters discuss the issues
of spatial economics, the empirical studies of the engineers, and Dupuit's
views on property and policy. Altogether these chapters give a clear
exposition of the economic problems that French ponts engineers faced in
era of major changes in the French infrastructure. If you want to, you can
already recognize elements of the later microeconomics. But why should
these works of the French engineers only have value in relation to modern
microeconomics? On the contrary, this book shows how engineers dealing with
their daily and earthly problems came to ingenious solutions that are very
instructive to modern economists. For too long they were neglected in the
history of economics. Ekelund and Hebert's tribute to their work remedies
this shortcoming.
(Robert B. Ekelund, Jr., is the Edward K. and Catherine L. Lowder Eminent
Scholar at Auburn University. Robert F. Hebert is the Russell Foundation
Professor of Entrepreneurial Studies and professor of economics at Auburn
University.)
Marcel Boumans is Lecturer in History and Methodology of Economics at the
University of Amsterdam in The Netherlands. His current work involves
models and measurement in economics.
Copyright (c) 1999 by EH.NET and H-Net. All rights reserved. This work may
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