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This book provides a surprising answer to two puzzling questions that relate to the very "soul" of the professional study of economics in the late twentieth century. How did the discipline of economics come to be dominated by an approach that is heavily dependent on mathematically derived models? And what happened to other approaches to the discipline that were considered to be scientifically viable less than fifty years ago? Between the two world wars there were two well-accepted schools of thought in economics: the "neoclassical," which emerged in the last third of the nineteenth century, and the "institutionalist," which started with the works of Veblen and Commons at the end of the same ...
Metaphors in the History of Economic Thought: Crises, Business Cycles and Equilibrium explores the evolution of economic theorizing through the lens of metaphors. The edited volume sheds light on metaphors which have been used by a range of key thinkers and schools of thought to describe economic crises, business cycles and economic equilibrium. Structured in three parts, the book examines an array of metaphors ranging from mechanics, waves, storms, medicine and beyond. The international panel of contributors focuses primarily on economic literature up to the Second World War, knowing again that the use of metaphors in economic work has seen a resurgence since the 1980s. This work will be of interest to advanced students and researchers in the history of economic thought, and economics and language.
For a country that can boast a distinguished tradition of political economy from Sir William Petty through Swift, Berkeley, Hutcheson, Burke and Cantillon through to that of Longfield, Cairnes, Bastable, Edgeworth, Geary and Gorman, it is surprising that no systematic study of Irish political economy has been undertaken. In this book the contributors redress this glaring omission in the history of political economy, for the first time providing an overview of developments in Irish political economy from the seventeenth to the twentieth century. Logistically this is achieved through the provision of individual contributions from a group of recognized experts, both Irish and international, who address the contribution of major historical figures in Irish political economy along the analysis of major thematic issues, schools of thought and major policy debates within the Irish context over this extended period.
Drawing on phenomenological and realist approaches, this book surveys the theoretical evolution of new institutional economics. For all its popularity and explanatory power, new institutional economics is not a homogenous field but encompasses a range of different theoretical approaches starting from Coase and the introduction of transaction costs. In particular, the concept of rationality is a rich source of dispute leading to a bifurcation between ‘insider’ and ‘outsider’ perspectives. The insider view refers to studying conscious human beings – the economic actor – who seek their self-interest and find themselves in their mundane situation. The self-interest of the economic ac...
Why did political economy become pre-eminent in the emergence and development of the social sciences? From a relatively early stage in its development political economy was accepted as a legitimate, if minor, part of a general liberal education. However, economic science did not become firmly rooted in the academic curriculum of the modern English
This work is the study of a family's century long involvement with Irish self rule and political freedom. Joe Johnston (1890-1972), from a Tyrone Presbyterian small-farm background, had 3 elder brothers who made their careers in the Indian Civil Service. The family were 'Home Rule within the Empire' supporters in the Ulster liberal tradition. After studying classics and ancient history in Trinity College Dublin (TCD) and then in Oxford, JJ became a Fellow of Trinity in 1913. He then published his anti-Carson book Civil War in Ulster, attacking the process which culminated in the 1914 Larne gun-running. He contributed significantly to the emergent national movement. He wrote critically about ...
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A pioneering work which delves into and reveals the links between music, moral instruction and social reform. This book discusses the role of music in programmes of personal improvement and social reform in nineteenth-century Britain. The pursuit of morality through music was designed not just to improve personal and communal character but to affect social change and transformation. The book examines the musical education of children, women and men through a variety of literature published for various educational settings including mechanics' institutes. It also considers the role of music in narratives of social programs and community-building projects that sought to promote utility, well-b...
Published in 1989, Philip Mirowski's More Heat Than Light: Economics as Social Physics, Physic's as Nature's Economics offered a challenge to historians of economics that could not be ignored. Neo-classical economics, he said, adopted certain analytical tools of mid-nineteenth-century physics, simply substituting "utility" for "energy," and in so doing, chose a natural-world model which denied that economic knowledge might be essentially social and cultural. The essays in this collection represent the first collective effort to respond to Mirowski's challenge by examining and assessing the Mirowski enterprise. In addition to questioning the veracity of the connection between physics and econ...