nep-hpe New Economics Papers
on History and Philosophy of Economics
Issue of 2023‒11‒06
seven papers chosen by
Erik Thomson, University of Manitoba

  1. Jessica Peixotto, a home economist not thrilled by the thrift culture By Juliette Blayac
  2. Oskar Lange’s Economics and the Socialist Economy By Marques Gomes, Luiz Henrique
  3. Folk economics and folk ethics as problems of moral reasoning: Ordonomic inspirations for business ethics By Pies, Ingo
  4. HES at 50--Reflections from the Geneva lakeside By maas, harro
  5. Anregungen für die Wirtschaftsphilosophie By Pies, Ingo
  6. Application of Attribution Theory in Business and Economics: A Bibliometric Analysis By Sakib, S M Nazmuz
  7. Liberty By François Facchini

  1. By: Juliette Blayac (TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)
    Abstract: The values of thrift have shaped the cultural and economic history of the United States. This morality advocates the practice of industry, frugality, self-sacrifice, and the accumulation of savings as a means of enriching the individual and society. From the 19 th century to the early 20 th century, American political economists preached these virtues. Jessica Peixotto (1864-1941), the first woman professor of economics at Berkeley, conducted a study of the cost of living of a group of university professors in 1927. She considered them an extremely thrifty but relatively poor social group. The purpose of this article is to explain this contradiction put forward by Peixotto. I examine how, in the early 20th century, the thrift culture took a practical turn with the Home Economics movement founded by Ellen H. Richards to educate women. Peixotto's study shows that professors' wives apply the precepts of thrift very well, making exemplary management of household resources. Thus, the problem lies in the low level of faculty salary. I argue that Peixotto shows an original point of view, linking thrift to poverty and thinking about the consequences of a thrifty ethos on the negotiation skills of university professors.
    Keywords: Jessica Peixoto, Thrift, Home Economics, Cost of Living studies, consumption, Wages, Professors, Women
    Date: 2023
  2. By: Marques Gomes, Luiz Henrique
    Abstract: Oskar Lange is generally known about his contribution in the debate on the feasibility of rational economic calculation under socialism. Although he is recognized as the theoretical "winner" of this debate, his contributions to economics extend over a wide range of topics and involve issues such as the economic organization of a society in transition to socialism, the relevance or not of econometrics, the meaning of Say's law and the use of cybernetics for economic planning. There are two points that are fundamental in Lange’s work, namely: (i) the economic viability of the socialist mode of production and (ii) the economics of the transition to socialism. The objective of the present article is to investigate Lange’s contributions in regard of these two points: the economic viability of socialism and the economics of the transition to socialism.
    Keywords: Oskar Lange, Socialism, Economic Planning, Law of Value, Market Socialism.
    JEL: B24
    Date: 2022–01
  3. By: Pies, Ingo
    Abstract: Folk economics' is the economic 'theory' of common sense, and analogously 'folk ethics' is the moral 'theory' of common sense. Typical of 'folk-economic beliefs' are erroneous causal attributions. Typical of 'folk-ethical beliefs' are utopian or dysfunctional criteria for moral judgments. The main proposition of this article is that these two sources of positive and normative disorientation should be made an object of research in business ethics in order to scientifically work on the hitherto neglected area of unjustified moral critiques of the market economy - in addition and complementation to the important area of justified moral critiques of the market economy. In support of this proposition, practical syllogisms are used to show that the scientific critique and correction of 'folk-economic beliefs' requires a slightly different approach than the scientific critique and correction of 'folk-ethical beliefs'.
    Keywords: Business Ethics, Folk-economic Beliefs, Folk-ethical Beliefs, Practical Syllogism, Praktischer Syllogismus
    JEL: A12 A13 B41 B52 L51
    Date: 2023
  4. By: maas, harro
    Abstract: This paper provides a personal reflection on the development, over 50 years, of the History of Economics Society. The (perhaps obvious) punchline is that history writing is not neutral, but entails stances about power and politics. These stances are all the more relevant in today's context, in which money buys history.
    Date: 2023–10–05
  5. By: Pies, Ingo
    Abstract: Dieser Kurztext skizziert zwei Ideen und eine Empfehlung, die als Anregungen für die Wirtschaftsphilosophie und ihre programmatische (Re-)Vitalisierung dienen mögen.
    Keywords: Wirtschaftsphilosophie, Moralparadoxon der Moderne, Konsilienz, Homo Oeconomicus, Economic Philosophy, Moral Paradox of Modernity, Consilience, Homo Economicus
    Date: 2023
  6. By: Sakib, S M Nazmuz
    Abstract: This study was undertaken to review the scope of attribution theory in business and economics. This research used the Scopus database to retrieve the data relevant to attribution theory. The preliminary search starts with the extraction of data from Scopus database using the attribution theory in their titles, abstracts, or keywords: “attribution theory”, “or attribution theory”, “attribution”, and “the attribution theory”. The search restricted itself to all the studies carried out in the English language and in the field of business and economics only. It excluded all those studies on attribution theory that related to other domains of knowledge. Only data that were reported in published manuscripts were extracted. Total 614 documents were shortlisted for bibliometric analysis. This study uses the R-studio software and biblioshiny package to perform this analysis along with Vosviewer. Both the software are open access. These studies were contributed by 1365 authors worldwide. The researches from 1975 till 2023 were considered for this current study.
    Date: 2023–10–13
  7. By: François Facchini (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)
    Abstract: Freedom raises questions, on the one hand, about the relationship between human beings and nature (via the question of determinism) and, on the other hand, about the relationship between one human being and another (via the topics of duty and obligation). The response of human beings to the constraints that nature places upon the will is exemplified in technology. The response of human beings to the constraints that can be imposed by other human beings is exemplified by law. Fundamentally, a free action is something done that could have been done in a different way. It is distinguished from a reflex action. A free act or action has three characteristics: (i) it is intentional (an act of will), (ii) it comes with a justification in the form of reasons for acting or motives (one wishes to enjoy looking at a landscape), and (iii) it is not the determinate result of some other act or action. Regarding free action, it is not immediately certain that it exists in reality. Perhaps my reasons for acting or my motives in acting were, after all, determined by my conditions of existence. Determinism develops this doctrine. Everything that happens must happen as it does and could not have happened any other way. The acts of the will are determined by antecedent causes. There are two kinds of determinism: external determinism and internal determinis. Determinism has three consequences: (i) The opposite of the absence of choice is freedom; (ii) determinism denies the being of "non necessitating ends, " and the role of free will, entrepreneurialism and imagination in the explanation of human behavior; and (iii) if freedom does not exist, the law does not need to protect it. At the contrario, Affirming the existence of nonnecessitating ends has therefore several consequences. In particular, that restores the place of entrepreneurs as a change agent in the analysis of the dynamics of institutions : culture and law. The entrepreneur has space in which to manoeuver regarding all the laws that do not establish necessitating ends. If human laws, that is, morality and law, have this characteristic, then human beings can liberate themselves from laws that constrain them by refusing to apply them. They have the power to stand apart from their conditioning.
    Keywords: liberty, entrepreneur, action, determinism, property right, morality
    Date: 2022–11–26

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