Hostname: page-component-cd9895bd7-jkksz Total loading time: 0 Render date: 2024-12-23T07:34:25.098Z Has data issue: false hasContentIssue false

THE PLACE OF THE HISTORY OF ECONOMIC THOUGHT IN MAINSTREAM ECONOMICS, 1991–2011, VIEWED THROUGH A BIBLIOGRAPHIC SURVEY

Published online by Cambridge University Press:  18 November 2016

Pedro Garcia Duarte*
Affiliation:
University of São Paulo, Economics Department
Yann Giraud*
Affiliation:
University of Cergy-Pontoise / THEMA.
*
Correspondence may be addressed either to [email protected] or to [email protected].
Correspondence may be addressed either to [email protected] or to [email protected].

Abstract

This paper offers a bibliographic survey of the literature in the history of economic thought (HET) in eight major economics journals, using the JEL classification to retrieve and analyze the relevant literature. Our study shows that, though contributions to HET are still found in top economics journals, the rate of publication of such papers has become increasingly uneven, and the methods and narrative styles they adopt are remote from those used by historians of economics. We show that the widespread idea that historians should address current economists by using their (mostly mathematical) tools and techniques is hardly present in mainstream journals, and discuss the role of editors and editorial boards of the different journals we survey in shaping these changes over time. We conclude that historians should focus on doing good work on their own, rather than try to figure out what the economists’ preferences are, and undertake research accordingly.

Type
Articles
Copyright
Copyright © The History of Economics Society 2016 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Arrow, Kenneth, Bernheim, B. Douglas, Feldstein, Martin S., McFadden, Daniel L., Poterba, James M., and Solow, Robert M.. 2011. “100 Years of the American Economic Review: The Top 20 Articles.” American Economic Review 101 (1): 18.Google Scholar
Baccini, Alberto, and Barabesi, Lucio. 2014. “Gatekeepers of Economics: The Network of Editorial Boards in Economic Journals.” In Lanteri, Alessandro and Vromen, Jack, eds., The Economics of Economists. Cambridge: Cambridge University Press, pp. 104150.Google Scholar
Backhouse, Roger. 1998. “The Transformation of U.S. Economics, 1920–1960, Viewed through a Survey of Journal Articles.” In Morgan, Mary and Rutherford, Malcolm, eds., From Interwar Pluralism to Postwar Neoclassicism. History of Political Economy 30 (annual supplement): 85107.Google Scholar
Backhouse, Roger, and Fontaine, Philippe. 2014. “Contested Identities: The History of Economics Since 1945.” In Backhouse, Roger and Fontaine, Philippe, eds., A Historiography of The Modern Social Sciences. Cambridge: Cambridge University Press, pp. 183210.CrossRefGoogle Scholar
Backhouse, Roger, and Medema, Steven. 2009. “On the Definition of Economics.” Journal of Economic Perspectives 23 (1): 221233.Google Scholar
Basturk, Nalan, Çakmakli, Cem, Ceyhan, S. Pinar, and van Dijk, Herman K.. 2014. “On the Rise of Bayesian Econometrics after Cowles Foundation Monographs 10, 14.” Œconomia 4 (3): 381447.Google Scholar
Baumol, William J. 1990. “Report of the Ad Hoc Committee on the Journal of Economic Perspectives.” American Economic Review 80, 2 (Papers and Proceedings): 492495.Google Scholar
Bjerkholt, Olav. 1995. “Ragnar Frisch, Editor of Econometrica, 1933–1954.” Econometrica 63 (4): 755765.Google Scholar
Blaug, Mark. 1990. “On the Historiography of Economics.” Journal of the History of Economic Thought 12: 2737.Google Scholar
Blaug, Mark. 1994. “Recent Biographies of Keynes.” Journal of Economic Literature 31 (3): 12041215.Google Scholar
Blaug, Mark. 1997. Economic Theory in Retrospect. Fifth edition. Cambridge: Cambridge University Press.Google Scholar
Blaug, Mark. 1999. “Misunderstanding Classical Economics: The Sraffian Interpretation of the Surplus Approach.” History of Political Economy 31 (2): 213236.Google Scholar
Blaug, Mark. 2001. “No History of Ideas, Please, We’re Economists.” Journal of Economic Literature 15 (1): 145164.Google Scholar
Boulding, Kenneth. 1971. “After Samuelson, Who Needs Adam Smith?” History of Political Economy 3 (2): 225237.Google Scholar
Boumans, Marcel. 2015. “With Such Friends of the History of Economics, Who Needs Enemies?” Journal of the History of Economic Thought 37 (1): 139144.Google Scholar
Braum, Tibor. 2004. “Keeping the Gates of Science Journals.” In Moed, H. F., Glanzel, W., and Schmoch, U., eds., Handbook of Quantitative Science and Technology Research. Dordrecht: Kluwer Academic Publishers, pp. 95114.Google Scholar
Brittan, Samuel. 2003. “Review of The Ordinary Business of Life by Backhouse.” Journal of Economic Literature 41 (2): 202206.Google Scholar
Burgenmeier, Beat. 1994. “The Misperception of Léon Walras.” American Economic Review 84 (1): 342352.Google Scholar
Card, David, and DellaVigna, Stefano. 2013. “Nine Facts about Top Journals in Economics.” Journal of Economic Literature 51 (1): 144161.Google Scholar
Cherrier, Béatrice. Forthcoming. “Classifying Economics: A History of the JEL Codes.” Journal of Economic Literature.Google Scholar
“Classification System: Old and New Categories.” 1991. Journal of Economic Literature 29 (1): xviiixxviii.Google Scholar
Claveau, François, and Gingras, Yves. Forthcoming. “Macrodynamics of Economics: A Bibliometric History.” History of Political Economy.Google Scholar
Coats, Alfred William. 1969a. “Research Priorities in the History of Economics.” History of Political Economy 1 (1): 918.Google Scholar
Coats, Alfred William. 1969b. “The American Economic Association’s Publications: An Historical Perspective.” Journal of Economic Literature 7 (1): 5768.Google Scholar
Davis, John B. 2013. “Mark Blaug on the Historiography of Economics.” Erasmus Journal for Philosophy and Economics 6 (3): 4463.Google Scholar
De Long, Bradford. 2002. “Review of Skidelsky’s John Maynard Keynes: Fighting for Britain.” Journal of Economic Literature 40 (1): 155162.Google Scholar
Ekelund, Robert, and Hebert, Robert. 2002. “The Origins of Neoclassical Microeconomics.” Journal of Economic Perspectives 16 (3): 197215.Google Scholar
Ekwurzel, Drucilla, and Saffran, Bernard. 1985. “Online Information Retrieval for Economists.” Journal of Economic Literature 23 (4): 17281763.Google Scholar
Evensky, Jerry. 1993. “Ethics and the Invisible Hand.” Journal of Economic Perspectives 7 (2): 197205.Google Scholar
Fourcade, Marion, Ollion, Etienne, and Algan, Yann. 2015. “The Superiority of Economists.” Journal of Economic Perspectives 29 (1): 89114.Google Scholar
Freeman, Alan, Chick, Victoria, and Kayatekin, Serap. 2014. “Samuelson’s Ghosts: Whig History and the Reinterpretation of Economic Theory.” Cambridge Journal of Economics 38 (3): 519529.Google Scholar
Friedman, Benjamin M. 2011. “Economics: A Moral Inquiry with Religious Origins.” American Economic Review 101 (3): 166170.CrossRefGoogle Scholar
Gingras, Yves, and Schinckus, Christophe. 2012. “Institutionalization of Econophysics in the Shadow of Physics.” Journal of the History of Economic Thought 34 (1): 109130.Google Scholar
Goodwin, Craufurd D. 2008. “History of Economic Thought.” In Durlauf, Steven N. and Blume, Lawrence E., eds., The New Palgrave Dictionary of Economics. Second edition (online). London: Palgrave Macmillan. <http://www.dictionaryofeconomics.com/article?id=pde2008_H000174>. Accessed 15 November 2013.Google Scholar
Goodwin, Craufurd D. 2015. “History of Economics.” In Wright, James D., ed., International Encyclopedia of the Social & Behavioral Sciences. Second edition. Volume 7. Amsterdam: Elsevier, pp. 9398.Google Scholar
Goodwin, Craufurd D., Spengler, Joseph J., and Smith, Robert S.. 1969. “Avant-Propos.” History of Political Economy 1 (1): 14.Google Scholar
Grampp, William. 2000. “What Did Smith Mean by the Invisible Hand?” Journal of Political Economy 108 (3): 441465.Google Scholar
Hamermesh, Daniel S. 2013. “Six Decades of Top Economics Publishing: Who and How?” Journal of Economic Literature 51 (1): 162172.Google Scholar
Heckman, James J. 1992. “Haavelmo and the Birth of Modern Econometrics: A Review of The History of Econometric Ideas by Mary Morgan.” Journal of Economic Literature 30 (2): 876886.Google Scholar
Henderson, James P. 1997. “Introduction.” In Henderson, James P., ed., The State of the History of Economics: Proceedings of the History of Economics Society. London: Routledge, pp. 15.Google Scholar
Hodgson, Geoffrey M., and Rothman, Harry. 1999. “The Editors and Authors of Economics Journals: A Case of Institutional Oligopoly?” Economic Journal 109 (453): F165F186.CrossRefGoogle Scholar
Hollander, Samuel. 1992. “Malthus’s Abandonment of Agricultural Protectionism: A Discovery in the History of Economic Thought.” American Economic Review 82 (3): 650659.Google Scholar
Kalaitzidakis, Pantelis, Theophanis, Mamuneas P., and Tanasis, Stengos. 2011. “An Updated Ranking of Academic Journals in Economics.” Canadian Journal of Economics 44 (4): 15251538.Google Scholar
Kates, Steven. 2013. Defending the History of Economic Thought. Cheltenham, UK: Edward Elgar.Google Scholar
Kates, Steven. 2015. “Why the History of Economic Thought Needs Defending.” Journal of the History of Economic Thought 37 (1): 145150.Google Scholar
Kelly, Michael A., and Bruestle, Stephen. 2011. “Trend of Subjects Published in Economics Journals 1969–2007.” Economic Inquiry 49 (3): 658673.Google Scholar
Kurdas, Cigdem. 1988. “‘The Whig Historian’ on Adam Smith: Paul Samuelson’s Canonical Classical Model.” History of Economics Society Bulletin 10 (1): 1323.Google Scholar
Leonard, Robert J. 1995. “From Parlor Games to Social Science: Von Neumann, Morgenstern, and the Creation of Game Theory, 1928–1944.” Journal of Economic Literature 33 (2): 730761.Google Scholar
Marcuzzo, Maria Cristina. 2008. “Is History of Economic Thought a ‘Serious’ Subject?” Erasmus Journal for Philosophy and Economics 1 (1): 107123.Google Scholar
Myerson, Roger B. 1999. “Nash Equilibrium and the History of Economic Theory.” Journal of Economic Literature 37 (3): 10671082.Google Scholar
Moscati, Ivan. 2008. “More Economics, Please: We’re Historians of Economics.” Journal of the History of Economic Thought 30 (1): 8592.Google Scholar
Nalebuff, Barry. 1987. “Puzzles: Noisy Prisoners, Manhattan Locations, and More.” Journal of Economic Perspectives 1 (1): 185191.Google Scholar
Panhans, Matthew T., and Singleton, John D.. 2015. “The Empirical Economist’s Toolkit: From Models to Methods.” CHOPE Working Paper, no. 2015-03. Durham: Duke University.Google Scholar
Perlman, Mark. 1967. Talk w/ Pesek, 24 July 67. Mark Perlman Papers, Box 24, Correspondence Series 1952–1994, folder “Journal of Economic Literature: 68-0000–68-0179, 1967 July 24–1968 Dec. 1968.” David M. Rubenstein Rare Book and Manuscript Library, Duke University, Durham.Google Scholar
Perlman, Mark. 1968. Letter to Jack Hirschlieser, April 24. Mark Perlman Papers, Box 24, Correspondence Series 1952–1994, folder “Journal of Economic Literature: 68-0000–68-0179, 1967 July 24–1968 Dec. 1968.” David M. Rubenstein Rare Book and Manuscript Library, Duke University, Durham.Google Scholar
Persky, Joseph. 1989. “Retrospectives: Adam Smith’s Invisible Hands.” Journal of Economic Perspectives 3 (4): 195201.Google Scholar
Persky, Joseph. 1992. “Pareto’s Law.” Journal of Economic Perspectives 6 (2): 181192.Google Scholar
Rothschild, Emma. 1994. “Adam Smith and the Invisible Hand.” American Economic Review 84 (2): 319322.Google Scholar
Saffran, Bernard. 1987. “Recommendations for Further Reading.” Journal of Economic Perspectives 1 (1): 193195.Google Scholar
Samuelson, Paul A. 1987. “Out of the Closet: A Program for the Whig History of Economic Science: Keynote Address at History of Economics Society Boston Meeting, June 20, 1987.” History of Economics Society Bulletin 9 (1): 5160.Google Scholar
Samuelson, Paul A. 1994. “The Classical Classical Fallacy.” Journal of Economic Literature 32 (2): 620639.Google Scholar
Samuelson, Paul A. 1998. “How Foundations Came to Be.” Journal of Economic Literature 36 (3): 13751386.Google Scholar
Sandmo, Agnar. 2007. “Léon Walras and the Nobel Peace Prize.” Journal of Economic Perspectives 21 (4): 217228.Google Scholar
Sapir, Andre. 2011. “European Integration at the Crossroads: A Review Essay on the 50th Anniversary of Bela Balassa’s Theory of Economic Integration.” Journal of Economic Literature 49 (4): 12001229.Google Scholar
Schabas, Margaret. 1992. “Breaking Away: History of Economics as History of Science.” History of Political Economy 24 (1): 187203.Google Scholar
Shubik, Martin. 2011. “Review of Von Neumann, Morgenstern, and the Creation of Game Theory: From Chess to Social Science, 1900–1960 by Robert Leonard.” Journal of Economic Literature 49 (2): 436440.Google Scholar
Stiglitz, Joseph, and Shapiro, Carl. 1990. “Report of the Editor: Journal of Economic Perspectives.” American Economic Review 80, 2 (Papers and Proceedings): 479480.Google Scholar
Stiglitz, Joseph, Shapiro, Carl, and Taylor, Timothy. 1987. “Foreword.” Journal of Economic Perspectives 1 (1): 35.Google Scholar
Tubaro, Paola, and Angner, Erik. 2008. “Mini Symposium. The Future of History of Economics: Young Scholars’ Perspective.” Journal of the History of Economic Thought 30 (1): 8184.Google Scholar
Velde, François. 2007. “John Law’s System.” American Economic Review 97 (2): 276279.Google Scholar
Waterman, Anthony. 2008. “Two Kinds of ‘History of Economics.’” History of Economic Ideas 16 (3): 106111.Google Scholar
Weintraub, E. Roy. 2002. “Will Economics Ever Have a Past Again?” In Weintraub, E. Roy, ed., The Future of The History of Economics. HOPE 34, Annual Supplement. Durham, NC: Duke University Press, pp. 114.Google Scholar
Weintraub, E. Roy. 2007. “Economic Science Wars.” Journal of the History of Economic Thought 29 (3): 267282.Google Scholar
Williamson, Oliver E. 2000. “The New Institutional Economics: Taking Stock, Looking Ahead.” Journal of Economic Literature 38 (3): 595613.Google Scholar
Supplementary material: PDF

Duarte and Giraud supplementary material

Appendix A

Download Duarte and Giraud supplementary material(PDF)
PDF 291.7 KB
Supplementary material: PDF

Duarte and Giraud supplementary material

Appendix B

Download Duarte and Giraud supplementary material(PDF)
PDF 403.6 KB