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From:
Humberto Barreto <[log in to unmask]>
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Societies for the History of Economics <[log in to unmask]>
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Mon, 14 Oct 2019 21:48:42 +0100
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nep-hpe  New Economics Papers on History and Philosophy of Economics
─────────────────────────────┐
Issue of 2019‒10‒14
thirteen papers chosen by
Erik Thomson (University of Manitoba)
 http://ep.repec.org/pth72

[Selections by Humberto Barreto for SHOE list.]

 1. Bringing Them Alive
   André Lapidus
 2. Los salarios y la fatiga acumulada: una revisión de la teoría de la
     oferta de trabajo
   Vasco Correa, Carlos Andrés
 3. Credit mechanics: a precursor to the current money supply debate
   Decker, Frank; Goodhart, C. A. E.
 4. The Economics of Energy Efficiency, a Historical Perspective
   Louis-Gaëtan Giraudet; Antoine Missemer
 5. Introduction. The Women’s Status and the Economic Theories of the 19th
     century
   Marlyse Pouchol
 7. Post-Keynesian Controversy About Uncertainty: Methodological
     Perspective, Part II
   Luká? Augustin Máslo
 9. Taxation and Social Justice
   Boyan Durankev
11. On Latin American Populism, And Its Echoes Around the World
   Sebastian Edwards
13. Currency devaluations and beggar-my-neighbour penalties: evidence
     from the 1930s
   Albers, Thilo

────────────────────────────────────────────────────────────────────────────────

 1. Bringing Them Alive
   André Lapidus (PHARE - Philosophie, Histoire et Analyse des
    Représentations Economiques - CNRS - Centre National de la Recherche
    Scientifique - UP1 - Université Panthéon-Sorbonne)
  This paper continues an ongoing reflection on the ways we do the history of
  economic thought, marked some decades ago by Blaug (1990)'s canonical
  typology of the four "genres" in the historiography of economics. Drawing
  the consequences of a seminal paper by Rorty (1984) on the methodology of
  the history of philosophy, it offers a non-canonical typology comprising
  three alternative approaches, distinguished on the basis of the way they
  conceive of the link between statements, old and contemporary: the
  extensive, the retrospective, and the intensive approaches. A particularity
  of the intensive approach is its potential challenge to contemporary
  knowledge through the possible introduction of statements which do not
  belong to it. Yet, unlike the extensive and retrospective approaches, the
  very possibility of an intensive approach seems at odds with its relatively
  thin academic outcomes. Taking the works of Sraffa (1951; 1960) and Sen
  (2002) as examples, it is argued that this is a consequence of the intensive
  approach being heuristic which is destined to remain poised between the
  extensive and retrospective approaches. But, as a result, among the three
  available approaches, it is the intensive approach which appears as a
  privileged route by which the history of economic thought can begin to
  engage with economic theory.
   Date: 2019–12
 URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-02294934&r=hpe

 2. Los salarios y la fatiga acumulada: una revisión de la teoría de la
     oferta de trabajo
   Vasco Correa, Carlos Andrés
  Resumen: La introducción de la sicología y la economía del comportamiento
  por parte del economista Richard Thaler, fueron reconocidos con el premio
  Nobel en las ciencias económicas. Los individuos no se comportan de forma
  racional, de forma sistemática. Y en decisiones de consumo, pero también de
  trabajo, se espera que no logren decidir niveles óptimos. Este documento de
  trabajo busca retomar parte de estas contribuciones en este sentido, para
  explorar y replantear lo que hace muchos años se considera como la teoría de
  la oferta del trabajo desde una perspectiva microeconómica, y plantear una
  posible línea de investigación a futuro en este sentido. Los individuos
  podrían no considerar de forma dinámica su esfuerzo en el trabajo y estarían
  tomando mal su decisión de cantidad de oferta de trabajo, generando pérdidas
  sistemáticas en su nivel de bienestar, así como afectaciones en su
  productividad del trabajando reduciendo también los beneficios de las
  compañías. / Abstract : The introduction of psychology and behavioral
  economics by the economist Richard Thaler, were recognized with the Nobel
  prize in economic science. Individuals do not behave rationally, in a
  systematic way. Our main hypothesis is that not only in consumption, but
  also in job supply decisions. It is expected that they fail to decide
  optimum levels. This working paper seeks to resume part of these
  contributions, to explore and rethink what for many years is considered as
  the job supply theory from a microeconomic perspective, and contemplate a
  possible investigation line. Individuals could not be dynamically
  considering its work effort and they would be wrong taking its decision of
  job supply’s quantity and quality, generating systematic losses in their
  level of well-being, as well as effects on working productivity and
  companies’ profits.
   JEL: J00 J22 J32
   Keywords: Jornada de trabajo, esfuerzo óptimo, salarios, agotamiento
   Date: 2017–12–01
 URL: http://d.repec.org/n?u=RePEc:col:000196:017516&r=hpe

 3. Credit mechanics: a precursor to the current money supply debate
   Decker, Frank; Goodhart, C. A. E.
  This paper assesses the theory of credit mechanics within the context of the
  current money supply debate. Credit mechanics and related approaches were
  developed by a group of German monetary economists during the 1920s-1960s.
  Credit mechanics overcomes a one-sided, bank-centric view of money creation,
  which is often encountered in monetary theory. We show that the money supply
  is influenced by the interplay of loan creation and repayment rates; the
  relative share of credit volume neutral debtor-to-debtor and
  creditor-to-creditor payments; the availability of loan security; and the
  behavior of non-banks and non-borrowing bank creditors . With the standard
  textbook models of money creation now discredited, we argue that a more
  general approach to money supply theory involving credit mechanics needs to
  be established.
   JEL: E40 E41 E50 E51
   Keywords: balances mechanics; bank credit; money creation; credit
    creation; credit mechanics; money supply theory
   Date: 2018–10
 URL: http://d.repec.org/n?u=RePEc:ehl:lserod:100017&r=hpe

 4. The Economics of Energy Efficiency, a Historical Perspective
   Louis-Gaëtan Giraudet (CIRED - Centre International de Recherche sur
    l'Environnement et le Développement - CNRS - Centre National de la
    Recherche Scientifique - ENPC - École des Ponts ParisTech - CIRAD - Centre
    de Coopération Internationale en Recherche Agronomique pour le
    Développement - EHESS - École des hautes études en sciences sociales -
    AgroParisTech, ENPC - École des Ponts ParisTech); Antoine Missemer (CIRED
    - Centre International de Recherche sur l'Environnement et le
    Développement - CNRS - Centre National de la Recherche Scientifique - ENPC
    - École des Ponts ParisTech - CIRAD - Centre de Coopération Internationale
    en Recherche Agronomique pour le Développement - EHESS - École des hautes
    études en sciences sociales - AgroParisTech, CNRS - Centre National de la
    Recherche Scientifique)
  Energy efficiency can be considered as a central pillar of global warming
  mitigation, with important co-benefits, including productivity gains,
  resource conservation or national security. It is also a subject of
  controversy between engineers and economists, who have divergent conceptions
  of the notion of optimality that delineates energy efficiency potentials.
  Modern surveys hardly go back beyond the 1970s and do not fully explore the
  reasons and conditions for the persistent differences between economists'
  and engineers' views. This paper provides such a historical account,
  investigating the positioning of economic analysis in contrast to the
  technical expertise on key energy efficiency topics – the rebound effect,
  the energy efficiency gap, and green nudges, from the 19th century to the
  present day. It highlights the permanence and evolution in the relationship
  that economists have had with technical expertise. An extension of the
  current conceptual framework is finally provided to connect our historical
  findings with avenues for future research.
   Keywords: engineering,nudge,history of economic thought,energy
    efficiency,market barriers and failures
   Date: 2019
 URL: http://d.repec.org/n?u=RePEc:hal:wpaper:halshs-02301636&r=hpe

 5. Introduction. The Women’s Status and the Economic Theories of the 19th
     century
   Marlyse Pouchol (URCA - Université de Reims Champagne-Ardenne, CLERSE -
    Centre Lillois d’Études et de Recherches Sociologiques et Économiques -
    UMR 8019 - Université de Lille - ULCO - Université du Littoral Côte
    d'Opale - CNRS - Centre National de la Recherche Scientifique)
   Keywords: interwar period,clearing agreements,John Maynard Keynes,Clearing
    Union,foreign exchange controls,compensation bancaire,période de
    l’entre-deux-guerres,contrôle des changes,accords de clearing
   Date: 2019
 URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-02304876&r=hpe


 7. Post-Keynesian Controversy About Uncertainty: Methodological
     Perspective, Part II
   Luká? Augustin Máslo (University of Economics, Prague)
  In this paper, the author follows a discussion of two post-Keynesian
  economists, Paul Davidson and Rod O?Donnell, about the nature of uncertainty
  in economics. The author focuses on two points of this discussion: a
  controversy about possibility/impossibility of such a proof and a criticism
  of Davidson?s allegedly split definition of ergodicity. In a controversy
  about possibility/impossibility, the author puts O?Donnell to criticism for
  the latter?s reduction of proving to providing empirical evidence and, in
  effect, omission of extra-empirical cognition. The author accepts
  O?Donnell?s argument of Davidson?s split definition and infers his own
  conclusion: the reason why Davidson keeps ignoring the incompatibility of
  both definitions of ergodicity is that he does not distinguish cumulative
  and theoretical probability. The author contends that Davidson?s claim about
  predetermination of long-run outcomes in ergodic processes draws its
  persuasiveness from the ambiguity of the concept ?long run?: according to
  the author, Davidson perceives ?long-run? in the meaning of ?finitely long?
  while O?Donnell perceives ?long-run? in the meaning of ?limit infinity?.
   JEL: B41 D80
   Keywords: ergodicity, uncertainty, probability
   Date: 2019–10
 URL: http://d.repec.org/n?u=RePEc:sek:iefpro:9512182&r=hpe


 9. Taxation and Social Justice
   Boyan Durankev
  The link between taxation and justice is a classic debate issue, while also
  being very relevant at a time of changing environmental factors and
  conditions of the social and economic system. Technologically speaking,
  there are three types of taxes: progressive, proportional and regressive.
  Although justice, like freedom, is an element and manifestation of the
  imagined reality in citizens minds, the state must comply with it. In
  particular, the tax system has to adapt to the mass imagined reality in
  order for it to appear fairer and more acceptable.
   Date: 2019–10
 URL: http://d.repec.org/n?u=RePEc:arx:papers:1910.04155&r=hpe


11. On Latin American Populism, And Its Echoes Around the World
   Sebastian Edwards
  In this paper I discuss the ways in which populist experiments have evolved
  historically. Populists are charismatic leaders that use a fiery rhetoric to
  pitch the interests of “the people” against those of banks, large firms,
  multinational companies, the IMF, and immigrants. Populists implement
  redistributive policies that violate the basic laws of economics, and in
  particular budget constraints. Most populist experiments go through five
  distinct phases that span from euphoria to collapse. Historically, the vast
  majority of populist episodes end up with declines in national income. When
  everything is over, incomes of the poor and middle class tend to be lower
  than when the experiment was launched. I argue that many of the
  characteristics of traditional Latin American populism are present in more
  recent manifestations from around the globe.
   JEL: D71 D72 D74 D78 E52 E62 N16
   Date: 2019–10
 URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:26333&r=hpe


13. Currency devaluations and beggar-my-neighbour penalties: evidence
     from the 1930s
   Albers, Thilo
  The currency devaluations of the 1930s facilitated a faster recovery from
  the Great Depression in the countries depreciating, but their unilateral
  manner provoked retaliatory and discriminatory commercial policies abroad.
  This article explores the importance of the retaliatory motive in the
  imposition of trade barriers by gold bloc countries during the 1930s and its
  effects on trade. Relying on new and existing datasets on the introduction
  of quotas, tariffs, and bilateral trade costs, the quantification of the
  discriminatory response suggests that these countries imposed significant
  beggar‐my‐neighbour penalties. The penalties reduced trade to a similar
  degree that modern regional trade agreements foster trade. Furthermore, the
  analysis of contemporary newspapers reveals that the devaluations of the
  early 1930s triggered an Anglo‐French trade conflict marked by tit‐for‐tat
  protectionist policies. With regards to global trade, the unilateral
  currency depreciations came at a high price in political and economic terms.
  These costs must have necessarily reduced their benefit to the world as a
  whole.
   JEL: F3 G3
   Keywords: 1350161
   Date: 2019–04–30
 URL: http://d.repec.org/n?u=RePEc:ehl:lserod:100269&r=hpe

────────────────────────────────────────────────────────────────────────────────
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