Prelims

Half Title

Research in the History of Economic Thought and Methodology

Series Page

Research in the History of Economic Thought and Methodology

Founding Editor: Warren J. Samuels (1933–2011)

Series Editors: Luca Fiorito, Scott Scheall, and Carlos Eduardo Suprinyak

Recent Volumes:

Editorial Board

Michele Alacevich

University of Bologna, Italy

Rebeca Gomez Betancourt

University of Lumière Lyon 2, France

John Davis

Marquette University, USA; University of Amsterdam, The Netherlands

Till Düppe

Université du Québec à Montréal, Canada

Ross Emmett

Arizona State University, USA

Andrew Farrant

Dickinson College, USA

Mary Furner

University of California, Santa Barbara, USA

Nicola Giocoli

University of Pisa, Italy

Harald Hagemann

University of Hohenheim, Germany

Tiago Mata

University College, London, UK

Steven Medema

University of Colorado Denver, USA

Gary Mongiovi

St. John’s University, USA

Mary Morgan

London School of Economics, UK

Maria Pia Paganelli

Trinity University, USA

Gerardo Serra

University of Manchester, UK

Title Page

Research in the History of Economic Thought and Methodology  Volume 38C

Research in the History of Economic Thought and Methodology: Including a Symposium on Sir James Steuart: The Political Economy of Money and Trade

Edited By

Luca Fiorito

University of Palermo, Italy

Scott Scheall

Arizona State University Polytechnic Campus, USA

Carlos Eduardo Suprinyak

Universidade Federal de Minas Gerais, Brazil

United Kingdom – North America – Japan – India – Malaysia – China

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Emerald Publishing Limited

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First edition 2020

Copyright © 2020 Emerald Publishing Limited

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British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-83867-708-4 (Print)

ISBN: 978-1-83867-707-7 (Online)

ISBN: 978-1-83867-709-1 (Epub)

ISSN: 0743-4154 (Series)

Contents

About the Editors

Luca Fiorito received his PhD in Economics from the New School for Social Research in New York and is currently Professor at the University of Palermo. His main area of interest is the history of American economic thought in the Progressive Era and the interwar years. He has published many works on the contributions of the institutionalists and on the relationship between economics and eugenics.

Scott Scheall is Assistant Professor and Director of Graduate Studies in the Faculty of Social Science in Arizona State University’s College of Integrative Sciences and Arts, as well as Project Director for the History of Economic Thought in Arizona State University’s Center for the Study of Economic Liberty. He has published extensively on topics related to the history and philosophy of the Austrian School of economics. Scott is the author of F. A. Hayek and the Epistemology of Politics: The Curious Task of Economics (Routledge, 2020).

Carlos Eduardo Suprinyak is Associate Professor of Economics at the Federal University of Minas Gerais (UFMG), Brazil. He specializes in the history and methodology of economics, studying the interplay of social, political, and economic ideas in early modern England, and the institutionalization of economics in Brazil during the postwar era. He has published several papers on these and related themes in peer-reviewed scholarly journals, and is also the co-editor of The Political Economy of Latin American Independence (Routledge, 2017).

List of Contributors

Volume Introduction

The centerpiece of Volume 38C of Research in the History of Economic Thought and Methodology is a symposium on the economic thought of James Steuart, the eighteenth-century Scottish Jacobite, whose Inquiry into the Principles of Political Oeconomy (1767) was probably the first systematic investigation of political economy to be written in English. Rebeca Gomez Betancourt edited and wrote the introduction to the symposium, which features contributions from Maurício Coutinho and our own Carlos Eduardo Suprinyak, Yutaka Furuya, Pierre de Saint-Phalle, José Menudo, and Ghislain Deleplace.

Volume 38C also features a new essay by Andrew Farrant that deepens our understanding of the controversy surrounding Milton Friedman’s 1975 trip to Pinochet’s Chile. Massimo Di Matteo considers A. C. Pigou’s initial response to Keynes concerning equilibrium and unemployment. Carlo Zappia discusses some previously unknown correspondence between the mathematician Leonard Jimmie Savage and Karl Popper, the famous Austro-British philosopher of science, concerning an alleged paradox Popper thought he had found in the subjective interpretation of probability.

Luca Fiorito

Scott Scheall

Carlos Eduardo Suprinyak

The Editors of Research in the History of Economic Thought and Methodology