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I hope you all had a good start into the new year. Here is my traditional 
list of anniversaries for the current year. Let me know if I have forgotten 
an important event: 
 
300 years ago, John Locke (1632-1704) died, after having made some valuable 
contributions to monetary theory. 
 
200 years ago, Arsene Jules Etienne Juvenal Dupuit (1804-1866) was born, a 
pioneer of cost-benefit analysis of public works, with influence on both 
Walras and Marshall. The same year, James Maitland Earl of Lauderdale 
(1759-1838) published "An Inquiry into the Nature and Origin of Public 
Wealth, and into the Means and Causes of its Increases" (1804). 
 
150 years ago, Jerome-Adolphe Blanqui (1798-1854) died, who was J.B. Say's 
successor at the Conservatoire national des arts et metiers in Paris and 
author of a widely read history of economics (1837), the same year that 
Karl Kautsky was born, who was to become the intellectual successor of 
Engels in the leadership of the orthodox Marxian School. Also in 1854, 
Hermann Heinrich Gossen (1810-1858) published his path breaking but hardly 
read discovery about the "Entwicklung der Gesetze des menschlichen 
Verhaltens und der daraus fliessenden Regeln fuer menschliches Handeln," 
while Whilhelm Georg Friedrich Roscher (1817-1894) published the first 
volume of his more widely read 5 volume work "System der Volkswirthschaft" 
(1854-94). 
 
The year 1904 saw the birth of John R. Hicks (1904-1989), Oskar Lange 
(1904-1965), and Arthur Frank Burns (1904-1987), as well as the 
publications of Max Weber's "Die 'Objektivitaet' sozialwissenschaftlicher 
und sozialpolitischer Erkenntnis," Thorstein Veblen's "The Theory of 
Business Enterprise," Gustav von Schmoller's second and last volume of his 
"Grundriss der allgemeinen Volkswirtschaftslehre, and Rudolf Hilferding's 
response to the challenge to Marx by Eugen von Bohm-Bawerk, "Bohm-Bawerks 
Marx-Kritik." 
 
It is already 50 years ago that Joseph A. Schumpeter's (1883-1950) "History 
of Economic Analysis" appeared. The same year, in 1954, Kenneth J. Arrow 
and Gerard Debreu finally proved the "Existence of an Equilibrium for a 
Competitive Economy," Paul A. Samuelson taught us "The Pure Theory of 
Public Expenditure," and Friedrich A. Lutz made "The Case for Flexible 
Exchange Rates." Other noteworthy publications of 1954 were: Franco 
Modigliani and Richard Brumberg's "Utility Analysis and the Consumption 
Function," Jacob Marschak's "Towards an Economic Theory of Organization and 
Information," Trygve Haavelmo's "A Study in the Theory of Economic 
Evolution," Michael Kalecki's "Theory of Economic Dynamics," Herman Wold's 
"Causality and Econometrics," and Harry G. Johnson's 
"Optimum Tariffs and Retaliation." 
 
25 years ago, Nobel Laureate Bertil G. Ohlin (1899-1979) died, John R. 
Hicks published "Causality in Economics," and Theodore W. Schultz 
(1902-1998) and Arthur Lewis (1915-1991) received the economics Nobel Prize 
for "their pioneering research into economic development research with 
particular consideration of the problems of developing countries." 
 
Happy new year, 
Thomas Moser 
 
 
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