Steven G Medema
Datos Biográficos
| ID | 541107 |
|---|---|
| NOMBRE | Steven G Medema |
| NOMBRES | Steven G |
| APELLIDO | Medema |
| FIRMA | MEDEMA S G |
| AFILIACIONES | University of Colorado Denver |
| ORCID | 0000-0003-4965-880X |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 46 |
| TOTAL DE CITAS | 145 |
| TOTAL COMO AUTOR | 43 |
| TOTAL COMO EDITOR | 3 |
| PRIMER AÑO DE PUBLICACIÓN | 1989 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2026 |
| ÍNDICE H | 8 |
Diffusing Economic Knowledge
While teaching has been central to the professional life of many economists, pedagogy has long been a neglected area in the history of economics; this volume contributes to rectifying that situation. What is taught and where it is taught, by and to whom, and for what purposes, are interconnected issues with important questions about the internal development of economic ideas and the many areas where economic analysis has become influential. The t…
One Man a Committee Does Not Make
In 1965, Henry Manne convinced the Association of American Law Schools and the American Economic Association to establish an ad hoc joint committee to explore the possibilities of collaborative efforts between economists and legal scholars. This article examines the origins and activities of the joint committee and reveals that its work was far less about promoting increased interaction between economists and legal scholars than about a conscious…
“I Get by With a Little Help From My Friends … ”
In this article, Steven Medema provides some reflections on his tenure as editor of the Journal of the History of Economic Thought (1999 – 2008). This was a time of significant transition in the life of the journal, and the successful navigation of this period provides an excellent illustration of how much an editor and a journal rely on the assistance and support of both key individuals and the broader community of scholars in the field
Identifying a “Chicago School” of Economics
Though the Chicago school has been the subject of no small amount of research over the past several decades, that scholarship has focused largely on persons, ideas, and influence—in short, on the school itself. No attention has been paid to the origins of that label and the avenues via which the notion of a “Chicago school” of economics came to be. This paper attempts to address that lacuna, drawing on both published and archival resources. What …
Theorising public expenditures
Public expenditure theory is a late-comer to the field of public finance, despite laments over the lack of such a theory dating to the late 1800s. This paper documents and attempts to explain this transformation, locating its origins in Richard Musgrave’s normative theory of the public household and the adoption by subsequent thinkers of new developments in welfare theory, which was seen to offer a theoretically sophisticated a vision of the stat…
Unproductive Labor in Political Economy
Book Review| August 01 2020 Unproductive Labor in Political Economy: The History of an Idea by Cosimo Perrotta Unproductive Labor in Political Economy: The History of an Idea. By Perrotta, Cosimo. London: Routledge, 2018. xiv; 269 pp. $160.00. Steven G. Medema Steven G. Medema Duke University Search for other works by this author on: This Site Google History of Political Economy (2020) 52 (4): 809–811. https://doi.org/10.1215/00182702-8604165 Cit…
The Heterodox Economics of Gardiner C. Means
This book surveys the complicated history of U.S.-Chinese relations. After two brief chapters providing historical context, the focus shifts to the mid-twentieth century, the wartime alliance, the war's bitter aftermath, and the decades since World War II, including the path from normalisation to China's hosting of the 2008 Summer Olympics. The author traces the ways in which the two countries have managed the blend of common and competitive inte…
Introduction to Economics as a Public Science
This short article introduces readers to the papers published in this issue on the theme of “public reason” in economics. It provides ground to the notion of “public reason” in economics as a two-way process taking place in interstitial spaces between economics, as an academic discipline, and the various publics in which economics—its concepts, tools, and methods— acquires meaning as an instrument of social understanding and political change
Introduction to Economics as a Public Science. Part II
This issue of Œconomia contains the second set of essays that emerged from the conference “Economics and Public Reason” hosted in May 2018 at the Centre Walras-Pareto for the History of Economic and Political Thought at the University of Lausanne
Exceptional and Unimportant
The notion of a Pigovian tradition in externality theory, against which Ronald Coase and others reacted beginning in the 1960s, has a long history. This article, though, suggests that the literature of economics evidences no such tradition, and that the discussion of externalities largely disappeared from the literature following Pigou's 1920 treatment, only to reemerge, in very different form, in the 1950s. Such concern as there was with externa…
James Buchanan
Book Review| June 01 2016 James Buchanan James Buchanan. By Reisman, David. London: Palgrave Macmillan, 2015. vii; 251 pp. Hardback $115.00. Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (2016) 48 (2): 368–371. https://doi.org/10.1215/00182702-3494192 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Steven G. Medema; James …
C oase Theorem
The Coase theorem evolved from Ronald Coase's classic 1960 article, “The Problem of Social Cost,” and is one of the most controversial propositions in modern economics, with an impact stretching across economics, law, and sundry other fields. This entry presents a brief overview of the theorem and also discusses its relationship to the transaction‐cost‐based theory of the firm, first elucidated in Coase's 1937 article, “The nature of the firm.”
Political Arithmetic
Reviewed by: Political Arithmetic: Simon Kuznets and the Empirical Tradition in Economics by Robert Fogel, Enid Fogel, Mark Guglielmo, and Nathaniel Grotte Steven G. Medema Robert Fogel, Enid Fogel, Mark Guglielmo, and Nathaniel Grotte. Political Arithmetic: Simon Kuznets and the Empirical Tradition in Economics. Chicago: University of Chicago Press, 2013. xiii + 148 pp. ISBN 13-978-0-226-25661-0, $32.00 (cloth); 978-0-226-02072-3, $30.00 (ebook)…
Market Failure in Context
Market failure, conceived of as the failure of the market to bring about results that are in the best interests of society as a whole, has a long lineage in the history of writings on matters economic. The goal of the present volume is to explore the contexts within which "modern" (i.e., twentieth-century) notions of market failure were developed. The idea that markets could fail to perform in ways that best promoted the larger interests of socie…
How Textbooks Create Knowledge and Meaning
Textbooks are seldom thought of as part of the knowledge-creation process. Their role, instead, is typically classified as that of knowledge diffusion. The textbook, so conceived, serves as a passive conveyor of generally accepted knowledge in a field. The treatment of the Coase theorem in the economics textbook literature, though, is an exception. The theorem entered the textbook literature when the theorem was not part of the “generally accepte…
Wages and Interest
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Paul Samuelson on the History of Economic Analysis
As one of the most famous economists of the twentieth century, Paul Anthony Samuelson revolutionized many branches of economic theory. As a diligent student of his predecessors, he reconstructed their economic analyses in the mathematical idiom he pioneered. Out of Samuelson's more than eighty articles, essays, and memoirs, the editors of this collection have selected seventeen. Twelve are mathematical reconstructions of some of the most famous w…
Economics and Institutions
Le théorème de Coase occupe une place importante dans l’histoire de la théorie économique moderne. Sa conséquence selon laquelle la performance économique est indépendante des institutions a posé de grandes difficultés aux économistes, à la fois dans leur traitement du théorème lui-même et dans leurs tentatives de saisir les effets des droits de propriété et des coûts de transaction – deux caractéristiques clefs des fondements institutionnels de …
Creating a Paradox
The rational choice or “economic” approach to politics—public choice analysis—brought the self-interest axiom into the analysis of the political sector as part of a move to provide a model of political behavior useful for economic policy analysis and bring a greater degree of theoretical rigor to the analysis of the political process. One aspect of this line of inquiry involved the portrayal of voting as a utility-maximizing choice. The problem t…
Creating a Paradox
Cultures of Expertise and the Public Interventions of Economists
The essays in this volume examine the economist as public intellectual. Rather than assessing the changing status of the public intellectual in culture or attempting to define the identity of the public intellectual, our approach is to study the public interventions of economists, that is, the encounters between economists and their publics. In the volume we constrain ourselves to the long twentieth century in the United States and the United Kin…
The Tyranny of Utility
Book Review| November 01 2013 The Tyranny of Utility: Behavioral Social Science and the Rise of Paternalism The Tyranny of Utility: Behavioral Social Science and the Rise of Paternalism. By Saint-Paul, Gilles. Princeton, N.J.: Princeton University Press, 2011. vii; 163 pp. Cloth$39.50. Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (2013) 45 (4): 755–757. https://doi.org/1…
Generations of Economists
Book Review| November 01 2012 Generations of Economists Generations of Economists. By Collard, David. London: Routledge, 2011. 325 pp. Cloth$145.00. Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (2012) 44 (4): 717–719. https://doi.org/10.1215/00182702-1811487 Cite Icon Cite Share Icon Share Twitter Permissions Search Site Citation Steven G. Medema; Generations of Economis…
Warren Samuels
The author offers a personal reminiscence of Warren Samuels, a noted historian of economics who died in 2011
Public Choice and the Notion of Creative Communities
Public choice is one of the few examples of a "creative community" emerging from within the professional academic structures of economics in the postwar period. This article examines the early development of the public choice movement at the University of Virginia and how this movement both expanded and was solidified following the movement of a critical mass of public choice scholars to Virginia Tech. Drawing on the literature on creative commun…
Retrospectives
Modern economists do not subscribe to a homogeneous definition of their subject. Surveying definitions of economics from contemporary principles of economics textbooks, we find that economics is the study of the economy, the study of the coordination process, the study of the effects of scarcity, the science of choice, and the study of human behavior. At a time when economists are tackling subjects as diverse as growth, auctions, crime, and relig…
Related Disciplines
Research Article| December 01 2000 "Related Disciplines": The Professionalization of Public Choice Analysis Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (2000) 32 (Suppl_1): 289–324. https://doi.org/10.1215/00182702-32-Suppl_1-289 Cite Icon Cite Share Icon Share Twitter Permissions Search Site Citation Steven G. Medema; "Related Disciplines": The Professionalization of P…
The Hesitant Hand
Research Article| September 01 2007 The Hesitant Hand: Mill, Sidgwick, and the Evolution of the Theory of Market Failure Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (2007) 39 (3): 331–358. https://doi.org/10.1215/00182702-2007-014 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Steven G. Medema; The Hesitant Hand: Mill, …
Cultures of Expertise and the Public Interventions of Economists
The essays in this volume examine the economist as public intellectual. Rather than assessing the changing status of the public intellectual in culture or attempting to define the identity of the public intellectual, our approach is to study the public interventions of economists, that is, the encounters between economists and their publics. In the volume we constrain ourselves to the long twentieth century in the United States and the United Kin…
Beyond the Dark Clouds
Research Article| November 01 1998 Beyond the Dark Clouds: Pigou and Coase on Social Cost Nahid Aslanbeigui; Nahid Aslanbeigui 1 Search for other works by this author on: This Site Google Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (1998) 30 (4): 601–625. https://doi.org/10.1215/00182702-30-4-601 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permission…
Market Failure in Context
Market failure, conceived of as the failure of the market to bring about results that are in the best interests of society as a whole, has a long lineage in the history of writings on matters economic. The goal of the present volume is to explore the contexts within which "modern" (i.e., twentieth-century) notions of market failure were developed. The idea that markets could fail to perform in ways that best promoted the larger interests of socie…
Public Choice and the Notion of Creative Communities
Public choice is one of the few examples of a "creative community" emerging from within the professional academic structures of economics in the postwar period. This article examines the early development of the public choice movement at the University of Virginia and how this movement both expanded and was solidified following the movement of a critical mass of public choice scholars to Virginia Tech. Drawing on the literature on creative commun…
"Freeing Smith from the "Free Market
Research Article| June 01 2005 Freeing Smith from the "Free Market": On the Misperception of Adam Smith on the Economic Role of Government Warren J. Samuels; Warren J. Samuels Search for other works by this author on: This Site Google Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (2005) 37 (2): 219–226. https://doi.org/10.1215/00182702-37-2-219 Views Icon Views Article co…
Exceptional and Unimportant
The notion of a Pigovian tradition in externality theory, against which Ronald Coase and others reacted beginning in the 1960s, has a long history. This article, though, suggests that the literature of economics evidences no such tradition, and that the discussion of externalities largely disappeared from the literature following Pigou's 1920 treatment, only to reemerge, in very different form, in the 1950s. Such concern as there was with externa…
"Marginalizing" Government
In spite of the efforts made over the past several decades to bring to the fore the important contributions of the Italian public finance tradition - La Scienza delle finanze - this body of analysis remains relatively unknown outside of Italy. The same cannot be said of the seminal work of Knut Wicksell, whose work in his Finanztheoretische Untersuchungen provided a springboard for modern public choice analysis as developed in the hands of James …
Setting the Table
Wandering the Road from Pluralism to Posner
Research Article| December 01 1998 Wandering the Road from Pluralism to Posner: The Transformation of Law and Economics in the Twentieth Century Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (1998) 30 (Supplement): 202–224. https://doi.org/10.1215/00182702-30-Supplement-202 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation S…
The Trial of Homo Economicus
Research Article| January 01 1997 The Trial of Homo Economicus: What Law and Economics Tells Us about the Development of Economic Imperialism Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (1997) 29 (suppl_1): 122–142. https://doi.org/10.1215/00182702-1997-suppl_1016 Cite Icon Cite Share Icon Share Twitter Permissions Search Site Citation Steven G. Medema; The Trial of Hom…
Losing My Religion
Henry Sidgwick's loss of religious faith is central to understanding the origins of the Cambridge school of welfare economics. The most prominent "public" manifestation of this loss and its impact on Sidgwick's thought was his Methods of Ethics, which was at once the capstone work of classical utilitarianism, cementing Sidgwick's place as one of the great philosophers of ethics during the Victorian period, and the source of his deep-seated need f…
Introduction to Economics as a Public Science
This short article introduces readers to the papers published in this issue on the theme of “public reason” in economics. It provides ground to the notion of “public reason” in economics as a two-way process taking place in interstitial spaces between economics, as an academic discipline, and the various publics in which economics—its concepts, tools, and methods— acquires meaning as an instrument of social understanding and political change
Economics and Institutions
Le théorème de Coase occupe une place importante dans l’histoire de la théorie économique moderne. Sa conséquence selon laquelle la performance économique est indépendante des institutions a posé de grandes difficultés aux économistes, à la fois dans leur traitement du théorème lui-même et dans leurs tentatives de saisir les effets des droits de propriété et des coûts de transaction – deux caractéristiques clefs des fondements institutionnels de …
Creating a Paradox
The rational choice or “economic” approach to politics—public choice analysis—brought the self-interest axiom into the analysis of the political sector as part of a move to provide a model of political behavior useful for economic policy analysis and bring a greater degree of theoretical rigor to the analysis of the political process. One aspect of this line of inquiry involved the portrayal of voting as a utility-maximizing choice. The problem t…
Creating a Paradox
Transactions, transaction costs, and vertical integration
The economic analysis of the transaction has its roots in the work of John R. Commons, and has recently been brought to the fore in the work of the ‘new institutionalists’, and especially in the work of Oliver E. Williamson. This article, drawing in part on the analysis of Commons, raises some important questions about Williamson's analysis of the role of transaction costs, and in doing so, attempts to further improve the relation of the theory o…
Positive Science, Normative Man
Research Article| December 01 1999 Positive Science, Normative Man: Lionel Robbins and the Political Economy of Art Márcia Balisciano; Márcia Balisciano Search for other works by this author on: This Site Google Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (1999) 31 (Supplement): 256–284. https://doi.org/10.1215/00182702-31-Supplement-256 Cite Icon Cite Share Icon Share …
Is There Life Beyond Efficiency? Elements of a Social Law and Economics
Additional informationNotes on contributorsSteven G. Medema** **The author thanks Warren J. Samuels, John D. Abell, Dan Finn and an anonymous referee for helpful comments on an earlier version of the paper. This paper was presented at the annual meeting of the Association for Social Economics, New Orleans, LA, January 3-5, 1992.University of Colorado at Denver
Gardiner C. Means's institutional and post-Keynesian economics
In this tribute to the work of Gardiner Means, we shall argue that his influence has been on a par with that of Keynes on economists of an unorthodox persuasion. It is argued that his pioneering work in studying the modern corporation as an institution that needs to be fully understood, renders him a first-rate institutionalist. Intriguingly, it is also suggested that his interest in the microeconomic foundations of macroeconomic performance are …
Transactions, transaction costs, and vertical integration
The economic analysis of the transaction has its roots in the work of John R. Commons, and has recently been brought to the fore in the work of the ‘new institutionalists’, and especially in the work of Oliver E. Williamson. This article, drawing in part on the analysis of Commons, raises some important questions about Williamson's analysis of the role of transaction costs, and in doing so, attempts to further improve the relation of the theory o…
Is There Life Beyond Efficiency? Elements of a Social Law and Economics
Additional informationNotes on contributorsSteven G. Medema** **The author thanks Warren J. Samuels, John D. Abell, Dan Finn and an anonymous referee for helpful comments on an earlier version of the paper. This paper was presented at the annual meeting of the Association for Social Economics, New Orleans, LA, January 3-5, 1992.University of Colorado at Denver
Ronald H. Coase
Journal Article Ronald H. Coase. Get access Ronald H. Coase. By (STEVEN G.) Medema. (London and Basingstoke: Macmillan, 1994. Pp. ix + 205. £40.00 hardback. ISBN 0 333 55645 3.)The Legacy of Ronald Coase in Economic Analysis: Volumes I and II. Edited by (STEVEN G.) Medema. (Aldershot and Brookfield, VT: Edward Elgar, 1995. Pp. xlix-l-1088. £195.00 hardback. ISBN 1 85898 010 0.) Uskali Mäki Uskali Mäki Erasmus University Rotterdam Search for other…
The Trial of Homo Economicus
Research Article| January 01 1997 The Trial of Homo Economicus: What Law and Economics Tells Us about the Development of Economic Imperialism Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (1997) 29 (suppl_1): 122–142. https://doi.org/10.1215/00182702-1997-suppl_1016 Cite Icon Cite Share Icon Share Twitter Permissions Search Site Citation Steven G. Medema; The Trial of Hom…
Wandering the Road from Pluralism to Posner
Research Article| December 01 1998 Wandering the Road from Pluralism to Posner: The Transformation of Law and Economics in the Twentieth Century Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (1998) 30 (Supplement): 202–224. https://doi.org/10.1215/00182702-30-Supplement-202 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation S…
Beyond the Dark Clouds
Research Article| November 01 1998 Beyond the Dark Clouds: Pigou and Coase on Social Cost Nahid Aslanbeigui; Nahid Aslanbeigui 1 Search for other works by this author on: This Site Google Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (1998) 30 (4): 601–625. https://doi.org/10.1215/00182702-30-4-601 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permission…
Positive Science, Normative Man
Research Article| December 01 1999 Positive Science, Normative Man: Lionel Robbins and the Political Economy of Art Márcia Balisciano; Márcia Balisciano Search for other works by this author on: This Site Google Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (1999) 31 (Supplement): 256–284. https://doi.org/10.1215/00182702-31-Supplement-256 Cite Icon Cite Share Icon Share …
Explorations in Economic Liberalism
Other| September 01 1999 Explorations in Economic Liberalism: The Wincott Lectures Geoffrey E. Wood. London: Macmillan, 1996. xxviii; 217 pp. $55.00. Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (1999) 31 (3): 591–592. https://doi.org/10.1215/00182702-31-3-591 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share F…
Related Disciplines
Research Article| December 01 2000 "Related Disciplines": The Professionalization of Public Choice Analysis Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (2000) 32 (Suppl_1): 289–324. https://doi.org/10.1215/00182702-32-Suppl_1-289 Cite Icon Cite Share Icon Share Twitter Permissions Search Site Citation Steven G. Medema; "Related Disciplines": The Professionalization of P…
The Economic Role of Government as, in Part, a Matter of Selective Perception, Sentiment and Valuation
This essay identifies and explores the role of selective perception, sentiment and valuation in the formation of economic policy, with particular reference to the conduct of policy-making under the aegis of Pigovian and Paretian welfare economics. First, we identify certain background conditions. Second, we present an argument with regard to the economic role of government. Finally, we apply the argument to Pigovian and Paretian welfare economic …
Historians of Economics and Economic Thought
The history of economic thought has always attracted some of the brightest minds in the discipline. These chroniclers of development have helped form our current views, and it is no surprise that many among them have been at the forefront of new movements in the history of ideas.This notable collection summarizes the work of these key historians of
Heaven Can Wait
Research Article| December 01 2002 Heaven Can Wait: Gatekeeping in an Age of Uncertainty, Innovation, and Commercialization Steven G. Medema; Steven G. Medema Search for other works by this author on: This Site Google José Luís Cardoso; José Luís Cardoso Search for other works by this author on: This Site Google John Lodewijks John Lodewijks Search for other works by this author on: This Site Google History of Political Economy (2002) 34 (Suppl_1…
Public Choice and Deviance
Setting the Table
"Marginalizing" Government
In spite of the efforts made over the past several decades to bring to the fore the important contributions of the Italian public finance tradition - La Scienza delle finanze - this body of analysis remains relatively unknown outside of Italy. The same cannot be said of the seminal work of Knut Wicksell, whose work in his Finanztheoretische Untersuchungen provided a springboard for modern public choice analysis as developed in the hands of James …
"Freeing Smith from the "Free Market
Research Article| June 01 2005 Freeing Smith from the "Free Market": On the Misperception of Adam Smith on the Economic Role of Government Warren J. Samuels; Warren J. Samuels Search for other works by this author on: This Site Google Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (2005) 37 (2): 219–226. https://doi.org/10.1215/00182702-37-2-219 Views Icon Views Article co…
"On "big five and little five
The Hesitant Hand
Research Article| September 01 2007 The Hesitant Hand: Mill, Sidgwick, and the Evolution of the Theory of Market Failure Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (2007) 39 (3): 331–358. https://doi.org/10.1215/00182702-2007-014 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Steven G. Medema; The Hesitant Hand: Mill, …
Losing My Religion
Henry Sidgwick's loss of religious faith is central to understanding the origins of the Cambridge school of welfare economics. The most prominent "public" manifestation of this loss and its impact on Sidgwick's thought was his Methods of Ethics, which was at once the capstone work of classical utilitarianism, cementing Sidgwick's place as one of the great philosophers of ethics during the Victorian period, and the source of his deep-seated need f…
Retrospectives
Modern economists do not subscribe to a homogeneous definition of their subject. Surveying definitions of economics from contemporary principles of economics textbooks, we find that economics is the study of the economy, the study of the coordination process, the study of the effects of scarcity, the science of choice, and the study of human behavior. At a time when economists are tackling subjects as diverse as growth, auctions, crime, and relig…
Public Choice and the Notion of Creative Communities
Public choice is one of the few examples of a "creative community" emerging from within the professional academic structures of economics in the postwar period. This article examines the early development of the public choice movement at the University of Virginia and how this movement both expanded and was solidified following the movement of a critical mass of public choice scholars to Virginia Tech. Drawing on the literature on creative commun…
Generations of Economists
Book Review| November 01 2012 Generations of Economists Generations of Economists. By Collard, David. London: Routledge, 2011. 325 pp. Cloth$145.00. Steven G. Medema Steven G. Medema Search for other works by this author on: This Site Google History of Political Economy (2012) 44 (4): 717–719. https://doi.org/10.1215/00182702-1811487 Cite Icon Cite Share Icon Share Twitter Permissions Search Site Citation Steven G. Medema; Generations of Economis…
Warren Samuels
The author offers a personal reminiscence of Warren Samuels, a noted historian of economics who died in 2011
Creating a Paradox
The rational choice or “economic” approach to politics—public choice analysis—brought the self-interest axiom into the analysis of the political sector as part of a move to provide a model of political behavior useful for economic policy analysis and bring a greater degree of theoretical rigor to the analysis of the political process. One aspect of this line of inquiry involved the portrayal of voting as a utility-maximizing choice. The problem t…
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