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Research in the History of Economic Thought and Methodology (RHETM) is a book series dedicated to an interdisciplinary approach to a broad range of topics related to the history and methodology of economics.
Acclaimed by Joseph Schumpeter as ‘The greatest economist the United States has ever produced’, this book examines the life and work of American economist and statistician Irving Fisher (1867–1947). Fisher’s reputation suffered for decades after his incorrect predictions for the stock market in October 1929 and the impact of Keynesian macroeconomics, but the importance of his work came to be recognized through the advocacy of many prestigious scholars including Milton Friedman, Hyman Minsky and James Tobin. With pivotal contributions including his Debt-Deflation Theory, Fisher Diagram and Ideal Index Number, his research in neoclassical economics influenced policymaking in his own day as well as during the recent financial crisis. This volume will be of interest to all those interested in the twentieth century transformation of economics.
This book sheds new light on the general equilibrium theory of Léon Walras (1834–1910) from a historical perspective. Walras's construction of general equilibrium theory marked the dawn of modern economics, and the theory was greatly developed in the 20th century. However, Walras's own intentions and ideas behind the theory are still not fully understood. This book aims to clarify the intellectual background of Walras’s economics by delving into his original writings, which have not received much attention until now. Part 1 of the book reconsiders the relationship between Walras and his predecessors, Adam Smith (1723–1790), Jean-Baptiste Say (1767–1832), and Achylle Nicolas Isnard (...
Leading academics and senior policy makers provide an international perspective on the changing role of the US Federal Reserve System.
Vol 33 includes research from preeminent scholars such as Malcolm Rutherford, current HES President-elect Jeff E. Biddle, Steven G. Medema, author of The Hesitant Hand: Taming Self-Interest in the History of Economic Ideas, leading methodologist John B. Davis, and Robert W. Dimand, one of the world's foremost experts on John Maynard Keynes.
Volume 35A of Research in the History of Economic Thought and Methodology features a symposium on historical epistemology. An internationally renowned cast of contributors offers a variety of perspectives on one of the major approaches in empirical philosophy of science and the historiography of economic thought.
The Encyclopedia of Central Banking, co-edited by Louis-Philippe Rochon and Sergio Rossi, contains some 250 entries written by over 200 economists on topics related to monetary macroeconomics, central bank theory and policy, and the history of monetary
A century ago, John Maynard Keynes entered the Treasury to serve his country during the First World War, but as is well known, appalled by the terms of the end-of-war Treaty of Versailles, he abandoned the British delegation, outlining the predictable adverse results in the Economic Consequences of the Peace, published in 1919. Far less well known is his personal and political development that led him to be called to service even before Great Britain entered the conflict. Starting from Keynes’s early political activity, Carlo Cristiano charts the stages through which Alfred Marshall’s young pupil rapidly rose to be one of his country’s major experts on monetary issues. The very young L...
In addition to general research contributions, volume 36C features a symposium edited by Andrés Álvarez on monetary economics in post-independence Latin America. The symposium features contributions from Matías Vernengo and Esteban Pérez Caldentey, Ricardo Solis Rosales, Florencia Sember, and Edna Carolina Sastoque Ramírez.
With an emphasis on the ideas that shaped the postwar international system, Robert Triffin: A Life explores both the man and his work. This biography evaluates what made Triffin a crucial figure in modern economic history, tracing Triffin's story from a child of the interwar period to his key role in European integration and ultimately the euro.