Guy Numa
Biographic Data
| ID | 1116064 |
|---|---|
| NAME | Guy Numa |
| GIVEN NAMES | Guy |
| FAMILY NAME | Numa |
| SIGNATURE | NUMA G |
| AFFILIATIONS | Colorado State University |
| ORCID | 0009-0009-4768-9099 |
| VERIFIED | Yes |
| TOTAL WORKS | 10 |
| TOTAL CITATIONS | 10 |
| AUTHOR COUNT | 10 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2010 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 2 |
Abolishing the colour line
Promoting Unorthodox Money Doctoring
Money doctors played a crucial role in establishing and advising central banks in underdeveloped countries in the twentieth century. However, the Bretton Woods order transformed the doctors' prescriptions after the Second World War. Arthur Bloomfield was a part of this "new generation" who attempted to equip central banks with wide-ranging policy tools in contrast to the rigid instruments proposed by the previous generation of experts. Bloomfield…
Cournot on the Communication of Markets
Cournot's views on the effects of international trade on social income have received little attention. Drawing upon a comprehensive analysis of Cournot's writings, this article shows that Cournot distinguished between variations in nominal income and variations in real income. He introduced the principle of compensation of demands: if the price of a commodity changes, the value of the total demand for other commodities remains unchanged. He relie…
"Fred Manville Taylor and the Origins of the Term "Say's Law
The term "Say's Law" was introduced in the twentieth century by an American economist, Fred Manville Taylor. To this date, no research has thoroughly investigated how the term came to be and what it really meant in Taylor's writings. This paper aims to examine how Taylor defined and used it. Drawing upon Taylor's publications and archival sources, we show that Taylor coined the term in direct reference to Jean-Baptiste Say's writings. Simply put,…
The Development of Financial Economics in France between the Mid-1970s and the Early 1980s
To date, little research has documented the international diffusion of financial economics. Financial economics was supposedly "introduced" in France in the 1970s. Some analysts have argued that it is an American author-Leonard J. Savage-who allowed French authors to rediscover Louis Bachelier's work, indicating that "a prophet is not without honor, save in his own country." The present article challenges this conventional narrative and studies f…
Money as a Store of Value
The common narrative about Jean-Baptiste Say's treatment of money holdings is that he denied the possibility of hoarding. I show that this interpretation of Say's thinking is erroneous. Drawing upon the various editions of Traité and Cours and other lesser-known texts, I provide substantial evidence to refute the widespread but mistaken view that, for Say, money was only a medium of exchange. In reality, not only did Say analyze long-term and sho…
Retrospectives Lord Keynes and Mr. Say
Since the publication of Keynes’s General Theory of Employment, Interest and Money, generations of economists have been led to believe that Say was Keynes’s ultimate nemesis. By means of textual and contextual analysis, we show that Keynes and Say held similar views on several key issues, such as the possibility of aggregate-demand deficiency, the role of money in the economy, and government intervention. Our conclusion is that there are enough s…
Jean-Baptiste Say on Free Trade
Jean-Baptiste Say is generally portrayed as an unrelenting champion of laissez faire who believed commercial activity promoted economic well-being. However, I develop a more nuanced portrait of Say's thinking by showing that he did not believe that free trade was an unmitigated good. He thus identified several exceptions to free international trade that justified government intervention in the form of restrictions on imports and public subsidies …
Dupuit and Walras on the Natural Monopoly in Transport Industries
In this article, I analyze and compare the contributions of Dupuit and Walras on the natural monopoly of railroads. Both theorists argued that railroads—as opposed to inland waterways—could not be vertically unbundled, a point that previous authors who compared their views failed to point out. Moreover, until now, Dupuit’s analysis of the railroad monopolies before the Société d’économie politique had been overlooked. This article fills this gap …
Note sur le monopole naturel et le monopole pratique chez J. S. Mill
J.S. Mill est généralement considéré comme le père du concept de monopole naturel au sens moderne du terme. Mais aucun analyste n’a souligné que si Mill distingue deux types de monopole, le « monopole naturel » et le « monopole pratique », c’est à travers ce qu’il entend par « monopole pratique » qu’apparaît la notion moderne de monopole naturel. Les deux notions ont toutefois un point commun : elles désignent des avantages procurés par le fait d…
Jean-Baptiste Say on Free Trade
Jean-Baptiste Say is generally portrayed as an unrelenting champion of laissez faire who believed commercial activity promoted economic well-being. However, I develop a more nuanced portrait of Say's thinking by showing that he did not believe that free trade was an unmitigated good. He thus identified several exceptions to free international trade that justified government intervention in the form of restrictions on imports and public subsidies …
The Development of Financial Economics in France between the Mid-1970s and the Early 1980s
To date, little research has documented the international diffusion of financial economics. Financial economics was supposedly "introduced" in France in the 1970s. Some analysts have argued that it is an American author-Leonard J. Savage-who allowed French authors to rediscover Louis Bachelier's work, indicating that "a prophet is not without honor, save in his own country." The present article challenges this conventional narrative and studies f…
Note sur le monopole naturel et le monopole pratique chez J. S. Mill
J.S. Mill est généralement considéré comme le père du concept de monopole naturel au sens moderne du terme. Mais aucun analyste n’a souligné que si Mill distingue deux types de monopole, le « monopole naturel » et le « monopole pratique », c’est à travers ce qu’il entend par « monopole pratique » qu’apparaît la notion moderne de monopole naturel. Les deux notions ont toutefois un point commun : elles désignent des avantages procurés par le fait d…
Money as a Store of Value
The common narrative about Jean-Baptiste Say's treatment of money holdings is that he denied the possibility of hoarding. I show that this interpretation of Say's thinking is erroneous. Drawing upon the various editions of Traité and Cours and other lesser-known texts, I provide substantial evidence to refute the widespread but mistaken view that, for Say, money was only a medium of exchange. In reality, not only did Say analyze long-term and sho…
Note sur le monopole naturel et le monopole pratique chez J. S. Mill
J.S. Mill est généralement considéré comme le père du concept de monopole naturel au sens moderne du terme. Mais aucun analyste n’a souligné que si Mill distingue deux types de monopole, le « monopole naturel » et le « monopole pratique », c’est à travers ce qu’il entend par « monopole pratique » qu’apparaît la notion moderne de monopole naturel. Les deux notions ont toutefois un point commun : elles désignent des avantages procurés par le fait d…
Dupuit and Walras on the Natural Monopoly in Transport Industries
In this article, I analyze and compare the contributions of Dupuit and Walras on the natural monopoly of railroads. Both theorists argued that railroads—as opposed to inland waterways—could not be vertically unbundled, a point that previous authors who compared their views failed to point out. Moreover, until now, Dupuit’s analysis of the railroad monopolies before the Société d’économie politique had been overlooked. This article fills this gap …
Retrospectives Lord Keynes and Mr. Say
Since the publication of Keynes’s General Theory of Employment, Interest and Money, generations of economists have been led to believe that Say was Keynes’s ultimate nemesis. By means of textual and contextual analysis, we show that Keynes and Say held similar views on several key issues, such as the possibility of aggregate-demand deficiency, the role of money in the economy, and government intervention. Our conclusion is that there are enough s…
Jean-Baptiste Say on Free Trade
Jean-Baptiste Say is generally portrayed as an unrelenting champion of laissez faire who believed commercial activity promoted economic well-being. However, I develop a more nuanced portrait of Say's thinking by showing that he did not believe that free trade was an unmitigated good. He thus identified several exceptions to free international trade that justified government intervention in the form of restrictions on imports and public subsidies …
Money as a Store of Value
The common narrative about Jean-Baptiste Say's treatment of money holdings is that he denied the possibility of hoarding. I show that this interpretation of Say's thinking is erroneous. Drawing upon the various editions of Traité and Cours and other lesser-known texts, I provide substantial evidence to refute the widespread but mistaken view that, for Say, money was only a medium of exchange. In reality, not only did Say analyze long-term and sho…
The Development of Financial Economics in France between the Mid-1970s and the Early 1980s
To date, little research has documented the international diffusion of financial economics. Financial economics was supposedly "introduced" in France in the 1970s. Some analysts have argued that it is an American author-Leonard J. Savage-who allowed French authors to rediscover Louis Bachelier's work, indicating that "a prophet is not without honor, save in his own country." The present article challenges this conventional narrative and studies f…
"Fred Manville Taylor and the Origins of the Term "Say's Law
The term "Say's Law" was introduced in the twentieth century by an American economist, Fred Manville Taylor. To this date, no research has thoroughly investigated how the term came to be and what it really meant in Taylor's writings. This paper aims to examine how Taylor defined and used it. Drawing upon Taylor's publications and archival sources, we show that Taylor coined the term in direct reference to Jean-Baptiste Say's writings. Simply put,…
Cournot on the Communication of Markets
Cournot's views on the effects of international trade on social income have received little attention. Drawing upon a comprehensive analysis of Cournot's writings, this article shows that Cournot distinguished between variations in nominal income and variations in real income. He introduced the principle of compensation of demands: if the price of a commodity changes, the value of the total demand for other commodities remains unchanged. He relie…
Abolishing the colour line
Promoting Unorthodox Money Doctoring
Money doctors played a crucial role in establishing and advising central banks in underdeveloped countries in the twentieth century. However, the Bretton Woods order transformed the doctors' prescriptions after the Second World War. Arthur Bloomfield was a part of this "new generation" who attempted to equip central banks with wide-ranging policy tools in contrast to the rigid instruments proposed by the previous generation of experts. Bloomfield…
Economics (7 works) · Economic Theory and Institutions (6 works) · Neoclassical economics (6 works) · Law (5 works) · Philosophy (5 works) · Political science (5 works) · Economic Theory and Policy (4 works) · Political Economy and Marxism (4 works) · Historical Economic and Legal Thought (3 works) · Law (3 works)