[Selections by Humberto Barreto for SHOE list.]
nep-hpe <http://nep.repec.org/nep-hpe.html> New Economics Papers
<http://nep.repec.org/> on History and Philosophy of Economics
Issue of 2023‒02‒20
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>
University of Manitoba <http://umanitoba.ca/>
------------------------------
1. Convergence on inflation and divergence on price-control among
Post-Keynesian pioneers: insights from Galbraith and Lerner
<https://mail.google.com/mail/u/0/#m_5316400733737978547_p1> By Alexandre
Chirat
<http://econpapers.repec.org/scripts/search.pf?aus=Alexandre%20Chirat>;
Basile
Clerc <http://econpapers.repec.org/scripts/search.pf?aus=Basile%20Clerc>
2. Solving Vincent Carret's Puzzle: A Rebuttal of Carret's Fallacies and
Errors <https://mail.google.com/mail/u/0/#m_5316400733737978547_p2>
By Jean-Marc
Ginoux
<http://econpapers.repec.org/scripts/search.pf?aus=Jean-Marc%20Ginoux>;
Franck
Jovanovic
<http://econpapers.repec.org/scripts/search.pf?aus=Franck%20Jovanovic>
3. Fritz John's Equation in Mechanism Design
<https://mail.google.com/mail/u/0/#m_5316400733737978547_p5> By Alfred
Galichon
<http://econpapers.repec.org/scripts/search.pf?aus=Alfred%20Galichon>
------------------------------
1. Convergence on inflation and divergence on price-control among
Post-Keynesian pioneers: insights from Galbraith and Lerner
<http://econpapers.repec.org/RePEc:drm:wpaper:2023-4>
By: Alexandre Chirat
<http://econpapers.repec.org/scripts/search.pf?aus=Alexandre%20Chirat>;
Basile
Clerc <http://econpapers.repec.org/scripts/search.pf?aus=Basile%20Clerc>
Abstract: This article proposes a historical and analytical
reconstruction of a debate that never happened between John Kenneth
Galbraith and Abba Lerner over the issue of price controls. While they
adopted a similar analysis of underemployment inflation, shared by many
post Keynesians, Lerner and Galbraith remained fundamentally opposed as to
the effectiveness of price controls. Indeed, while both agreed on the
relevance of price controls in the specific context of World War II, they
disagreed over including price controls within the conventional framework
of economic policies, as illustrated by their respective stances in the
debate surrounding the stagflation of the 1970s. Throughout the paper, we
provide the rationales behind their divergence on price controls by
investigating its theoretical, epistemological, and normative roots.
Finally, we put into perspective the contemporary debates about price
control in the context of resurgent inflationary pressures with some
salient points drawn from our reconstruction of the debate that opposed
these two pioneering post Keynesians economists.
Keywords: Price control - Wage control - Inflation - Unemployment -
Stagflation
JEL: B22 B31 E12 E64
<http://econpapers.repec.org/scripts/search.pf?jel=B22%20B31%20E12%20E64>
Date: 2023
URL: http://d.repec.org/n?u=RePEc:drm:wpaper:2023-4&r=hpe
2. Solving Vincent Carret's Puzzle: A Rebuttal of Carret's Fallacies and
Errors <http://econpapers.repec.org/RePEc:hal:wpaper:hal-03849582>
By: Jean-Marc Ginoux
<http://econpapers.repec.org/scripts/search.pf?aus=Jean-Marc%20Ginoux>;
Franck
Jovanovic
<http://econpapers.repec.org/scripts/search.pf?aus=Franck%20Jovanovic>
(TELUQ
- Université Téluq)
Abstract: The present rejoinder aims at rebutting Carret's allegation of
mistaken interpretation in our work. We expose mathematical errors in
Carret's work, also present in his publications with Assous. Then, and most
importantly, we show the unfounded economic consequences that follow from
erroneous mathematical assumptions about Frisch's model. We demonstrate
that Carret's statements are based on a misunderstanding of Frisch's
econometric model and approach. Then, we show that Carret's results are not
supported by the demonstration he claims to have made, and that he
misrepresents the arguments of some authors, making them say things they
never said. In a recent article that gave birth to a mini-symposium, we
propose a solution to a controversy about Frisch's work opened 30 years ago
by Stefano Zambelli (Ginoux and Jovanovic 2022c). In 1992 and 2007,
Zambelli published a numerical analysis of one of the models developed by
Frisch in his seminal book chapter "Propagation problems and impulse
problems in dynamic economics." In the conclusion of his work, supported by
his numerical analysis, Zambelli claimed that Frisch's "rocking horse model
is not rocking!" Since then, several authors have taken up this conclusion
Date: 2022–12–22
URL: http://d.repec.org/n?u=RePEc:hal:wpaper:hal-03849582&r=hpe
3. Fritz John's Equation in Mechanism Design
<http://econpapers.repec.org/RePEc:hal:spmain:hal-03936146>
By: Alfred Galichon
<http://econpapers.repec.org/scripts/search.pf?aus=Alfred%20Galichon> (NYU
- New York University [New York] - NYU - NYU System, CIMS - Courant
Institute of Mathematical Sciences [New York] - NYU - New York University
[New York] - NYU - NYU System, ECON - Département d'économie (Sciences Po)
- Sciences Po - Sciences Po - CNRS - Centre National de la Recherche
Scientifique)
Abstract: We show the role that an important equation first studied by
Fritz John plays in mechanism design. Dedicated to Nicholas Yannelis on his
65th birthday.
Keywords: Implementability, Mechanism design, John's equation, Kevin
Roberts' theorem
Date: 2021–08–24
URL: http://d.repec.org/n?u=RePEc:hal:spmain:hal-03936146&r=hpe
------------------------------
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