nep-hpe New Economics Papers
on History and Philosophy of Economics
Issue of 2023‒02‒20
five papers chosen by
Erik Thomson
University of Manitoba

  1. Convergence on inflation and divergence on price-control among Post-Keynesian pioneers: insights from Galbraith and Lerner By Alexandre Chirat; Basile Clerc
  2. Solving Vincent Carret's Puzzle: A Rebuttal of Carret's Fallacies and Errors By Jean-Marc Ginoux; Franck Jovanovic
  3. Le grand oubli des sciences de gestion et de la théorie des organisations By Hervé Dumez; Camille Toussaint
  4. Une philosophie de l'esprit valant philosophie de l'action By Hervé Dumez
  5. Fritz John's Equation in Mechanism Design By Alfred Galichon

  1. By: Alexandre Chirat; Basile Clerc
    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
    Date: 2023
  2. By: Jean-Marc Ginoux; Franck Jovanovic (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
  3. By: Hervé Dumez (i3-CRG - Centre de recherche en gestion i3 - X - École polytechnique - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique); Camille Toussaint (i3-CRG - Centre de recherche en gestion i3 - X - École polytechnique - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique)
    Abstract: Herbert Blumer est un membre central de l'École de Chicago, dont il formera les héritiers comme Howard Becker et Erving Goffman. À la fin des années 1960-1970, il développe à Berkeley la notion d'interactionnisme symbolique à partir de la pensée de George Herbert Mead dont il était l'élève. En 1969, il publie un ouvrage de référence, intitulé Symbolic Interactionism: Perspective and Method.
    Date: 2022–06–21
  4. By: Hervé Dumez (i3-CRG - Centre de recherche en gestion i3 - X - École polytechnique - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique)
    Abstract: En quoi un livre intitulé The Concept of Mind (rendu en français, bizarrement, par La notion d'esprit) peut-il avoir de l'intérêt pour un chercheur en gestion ou en sciences sociales ? C'est que Ryle (2021/1949) traite autant de philosophie de l'action que de philosophie de l'esprit et ce n'est pas par hasard que Geertz (1998/1973) lui a emprunté la notion de thick description.
    Date: 2022–09–05
  5. By: Alfred Galichon (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

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