Lisbon 1996

8-10 February, 1996, ISEG - Technical University of Lisbon



Programme

THURSDAY, February 8th

1:00-7:00 pm
Registration at the Hotel Amazónia


8:00 pm
Welcome dinner at Museu do Azulejo
Bus departure from Hotel Amazónia at 7:30


FRIDAY, February 9th

9:00 am
Opening session
1. José Lu¡s Cardoso: Welcome to the ECHE'96.
2. Peter Groenewegen (University of Sidney), Expectations about Twentieth Century Economics in the Late Nineteenth Century: an Overview.


10:00 am
Coffee break


10:30-12:30 am
Sessions A1 to A5


Session A1: Money and banking

Chair: Maria Cristina Marcuzzo (University of Rome, La Sapienza)

1. Pascale Pitavy-Simoni (University of Paris I): Melon and Dutot's analysis of Law's system: the emergence of a liberal concept of money.
2. Sylvie Diatkine (University of Evry): Thomas Hodgskin on money and capital: a Smithian anarchist's point of view?
3. Franck Yonnet (University of Evry): From banking communism to the "Société Generale".
4. Annalisa Rosselli (University of Rome, Tor Vergata): The origins of the political economy of money.

Discussants:
1. Antoin Murphy (Trinity College, Dublin)
2. Harald Hagemann (Hohenheim University, Stuttgart)
3. Cécile Dangel (University of Nice)
4. Fernando Mendez-Ibisate (European University of Madrid)


Session A2: Das Adam Smith problem

Chair: Bertram Schefold (University J.W. Goethe, Frankfurt)

1. Francesco Luna (University of Venice): From the 'History of Astronomy' to the 'Wealth of Nations': wonderful wheels and invisible hands in Adam Smith's major works.

2. Amos Witztum (London Guildhall University): A study into Smith's conception of the human character: das Adam Smith problem revisited.

3. Philippe Bertrand (University of Paris I): The prudent man and the origins of the Wealth of Nations.

4. Gianni Vaggi (University of Pavia): Adam Smith and the economic policy of laissez-faire.

Discussants:
1. A. Dow (Glasgow Caledonian University)
2. Philippe Fontaine (University of Antilles-Guyane)
3. Rudi Verburg (Erasmus University Rotterdam)
4. Alec Gee (Dundee University)


Session A3: Causality, expectations and economic methodology

Chair: Arjo Klamer (Erasmus University Rotterdam)

1. Robin Rowley (McGill University, Montreal): From causal corrective to calibration: perspectives on mymic cycles in macroeconomics.
2. Esther-Mirjam Sent (University of Notre Dame): Convenience: the mother of all rationality in Sargent.
3. Christian Schmidt (University of Paris-Dauphine): The origins of players' expectations in game theory.
4. Uskali Maki (Erasmus University Rotterdam): The problem of social Coase: between regulation and free market in economic methodology.

Discussants:
1. Albert Jolink (Erasmus University Rotterdam)
2. Claudio Sardoni (University of Rome)
3. Neri Salvadori (University of Pisa)
4. Wade Hands (University of Puget Sound)


Session A4: Competition, equilibrium and dynamics

Chair: Pascal Bridel (University of Lausanne)

1. Frank Sosth‚ (University of Nice): The Malthusian foundations of evolutionary economics.
2. Lars Herlitz (University of Goteborg): Knut Wicksell and Gustav Cassel on the efficiency of "free competition".
3. Christien Gehrke (University of Graz): On the transition from long-period to short-period equilibria.
4. Carlo Zappia (University of Siena): General equilibrium over time: some lessons from the 1930s.

Discussants:
1. Sergio Cremaschi (University of Turin)
2. Mauro Boianovsky (ST. Edmund's College, Cambridge)
3. Gary Mongiovi (St. John's University)
4. Philip Mirowski (University of Notre Dame)


Session A5: Internationalization of economics in post-1945 Europe
Roundtable. Chair and introduction : A.W. (Bob) Coats

1. A.W. (Bob) Coats (University of Nottingham): Internationalization of economics in post-1945 Europe.
2. Henk W. Plasmeijer and Evert Schoorl (University of Groningen): Post-war Dutch economics: internationalization and homogenization.
3. Michalis Psalidopoulos (Panteion University, Athens): The internationalization of post-war economics: Greece.
4. Bo Sandelin and Ann Veiderpass (University of Goteborg): The post-1945 internationalization of economics: Sweden
.

 

12:30 am
Lunch break


2:30-4:00 pm
Sessions B1 to B5


Session B1: Adam Smith and the institutional context

Chair: Gilbert Faccarello (ENS Fontenay Saint Cloud)

1. Salim Rashid (University of Illinois): Adam Smith's rise to superior fame.
2. Anne Devichi (University of Nice): An economic interpretation of Adam Smith's concept of 'nation'.
3. Alec Gee (Dundee University): Modes of thought in economics: the retreat from the classical approach to the pre-classical.

Discussants:
1. Gianni Vaggi (University of Pavia)
2. Fabio Masini (University of Florence)
3. Ricardo Faucci (University of Pisa)


Session B2: Utilitarianism and marginal utility theory

Chair: Ian Kerr (Curtin University of Technology, Perth)

1. Bert Mosselmans (University of Brussels): Mimesis and scarcity in the rise of neoclassical political economy: Malthus's population mechanism, Jevons's coal question and the rise of marginality.
2. Alessandro Roncaglia (University of Rome): From utilitarianism to marginal utility.
3. Fabio Ranchetti (University of Pisa): The economical and the utilitarian calculus in Edgeworth.

Discussants:
1. Margaret Schabas (York University, Toronto)
2. Richard Sturn (University of Graz)
3. Victoriano Mart¡n (European University of Madrid)


Session B3: Austrian economics

Chair: Gilles Dostaler (University of Qu‚bec at Montr‚al)

1. Maurice Lagueux (University of Qu‚bec at Montreal): Von Mises' apriorism and Austrian economics: from Menger to Mises.
2. Riccardo Bellofiore (University of Bergamo): Between Wicksell and Hayek: a new look at Mises's "Theory of Money and Credit".
3. Brian J. Loasby (University of Sterling): Ludwig M. Lachmann: subjectivism in economics and the economy.

Discussants:
1. Andrea Salanti (University of Bergamo)
2. Maria Cristina Marcuzzo (University of Rome, La Sapienza)
3. Laurence Moss (Babson College, Boston)


Session B4: Value and social valuation in economics

Chair: Philip Mirowski (University of Notre Dame)

1. Wilfred Dolfsma (Erasmus University Rotterdam): The social construction of value. Value theories and John Loche's framework of qualities
2. Arjo Klamer (Erasmus University Rotterdam): In search of identity: economics and values.
3. S. Drakopoulos (University of Aberdeen): Origins and development of the trend towards value-free economics.

Discussants:
1. Pier Luigi Porta (University of Milan)
2. Avi Cohen (York University, Toronto)
3. Ian Steedman (Manchester Metropolitan University)


Session B5: Internationalization of economics in Europe
Roundtable. Chairman and introduction: A.W. (Bob) Coats

1. Salvador Almenar (University of Valencia): The internationalization process of economics: the case of Spain (1930-1970).
2. Carlos Bastien (Technical University of Lisbon): The advent of modern economics in Portugal.
3. Arnold Wilts (University of Amsterdam): Dutch economics in a comprehensive Welfare State, ca. 1930-1960

 


4:00 pm
Coffee break


4:30-6:00 pm
Sessions C1 to C5


Session C1: Agriculture and political economy

Chair: Philippe Steiner (University of Paris-Dauphine)

1. Marianne Fischman (University of Lille I): The essential role of agriculture in Quesnay and Smith's economic representations of society.
2. Janina Rosicka (Jagiellonian University, Cracow): Myth and Science. François Quesnay.
3. Lluis Argemj (University of Barcelona): Thaer and Von Thunen: from agronomy to political economy.

Discussants:
1. Cosimo Perrota (University of Lecce)
2. Paul Trescott (Southern Illinois University)
3. Antoinette M. James (Randolph-Macon Woman's College)


Session C2: Keynesian topics

Chair: David Colander (Middlebury College)

1. Claudio Sardoni (University of Rome): Wages and employment: a Keynesian model
2. Hugo A. Keuzenkamp (Tilburg University and London School of Economics): Keynes and the logic of econometric method
3. John Presley (Loughborough University), Paul Mizen (University of Nottingham) and Ivo Maes (University of Leuven): Did Keynes' General Theory hinder the development of modern portfolio theory?

Discussants:
1. Harald Scherf (University of Hamburg)
2. Peter Rosner (Vienna University)
3. Pierre Levy (University of Paris-Dauphine)



Session C3: Business cycles I
Chair: Lars Herlitz (University of Goteborg)

1. Mauro Boianovsky (ST. Edmund's College, Cambridge): Cassel on cyclical growth.
2. Ulrich Witt (University of Freiburg): The Hayekian Puzzle: spontaneous order and the business cycle.
3. Jan Reijnders (Utrecht University): Early endogenous theories of the business cycle: Tugan Baranowsky and his influence on Spiethoff, Schumpeter and Cassel.
Discussants:
1. Vicent Barnett (Birmingham University)
2. Hansjorg Klausinger (Vienna University)
3. Alain Raybaut (University of Nice)


Session C4: Economics, language and rhetoric

Chair: Mark Blaug (University of Exeter)

1. Sergio Cremaschi and Marcelo Dascal (University of Turin): A cycle in the Malthus-Ricardo controversy: a pragmatic analysis of the corn laws discussion.
2. Alan W. Dyer (Northeastern University, Boston): Thorstein Veblen, Stanley Cavell and ordinary language economics.
3. Catherine Labio (ICHEC, Brussels): Literature and economics: rethinking interdisciplinary history.

Discussants:
1. Mary Morgan (London School of Economics and University of Amsterdam)
2. Arjo Klamer (Erasmus University Rotterdam)
3. Robert Leonard (University of Quebec at Montreal)


Session C5: Heterodoxy and social issues in economic theory

Chair: Ernest Lluch (University of Barcelona)

1. Jean-Jacques Gislain (University of Nantes): Sismondi's conversion.
2. Harro Maas (University of Amsterdam): The depoliticization of political economy: Jevons and the Fabian Society.
3. Annie L. Cot (University of Lille): Richard T. Ely and the invention of labour economics in the American 'gilded age'.

Discussants:
1. John Vint (Manchester Metropolitan University)
2. Alessandro Roncaglia (University of Rome)
3. A.W. (Bob) Coats (University of Nottingham)

 


8:30 pm
Conference Dinner and Fado at Castelo de S. Jorge
Bus departure from Hotel Amazónia at 7:30

 


SATURDAY, February 10th

9:00-10:30 am
Sessions D1 to D5


Session D1: Value and classical economics

Chair: Heinz D. Kurz (University of Graz)

1. Cosimo Perrotta (University of Lecce): Productive consumption, unproductive consumption and accumulation in the classical economists.
2. Gérard Jorland (EHESS-CNRS, Paris): Value theories and the aggregation problem.
3. Ian A. Kerr (Curtin University of Technology, Perth): The linkages between real value and economic welfare: from classical to neoclassical economics.

Discussants:
1. Henk Plasmeijer (University of Groningen)
2. Gabriele Kasten (University of Hamburg)
3. Maurice Lagueux (University of Quebec at Monreal)


Session D2: Economic modelling

Chair: Carlo Zappia (University of Siena)

1. Mary Morgan (London School of Economics and University of Amsterdam): Irving Fisher's models of money.
2. Geert Reuten (University of Amsterdam): Economic models and Marx's 1885 reproduction model.
3. Teodoro Togati (University of Turin): On the side of the representative agent.

Discussants:
1. Pascal Bridel (University of Lausanne)
2. Christien Gehrke (University of Graz)
3. John Presley (Loughborough University)


Session D3: Business cycles II

Chair: Richard Arena (University of Nice)

1. Cécile Dangel and Alain Raybaut (University of Nice): Albert Aftalion's theory of endogenous business cycles: an early contribution to macrodynamics
2. Giovanni Pavanelli (University of Turin): Non-neutrality of money and business cycles in Irving Fisher's work.
3. Mauro Gallegati (University of Pescara) and Domenica Tropeano (University of Macerata): Lundberg on business cycles.

Discussants:
1. Christian Schmidt (University of Paris-Dauphine)
2. Robin Rowley (McGill University, Montreal)
3. Jan Reijnders (Utrecht University)


Session D4: Walrasian themes

Chair: Kunio Nakakubo (Himeji-Dokkyo University)

1. Albert Jolink (Erasmus University Rotterdam): What's so romantic about Leon Walras?
2. Jean-Pierre Potier (University Lumière-Lyon 2): Léon Walras "applied economist": "free competition" principle and State intervention.
3. M. Eugénia Mata (New University of Lisbon): A false start of neoclassical economics in Portugal: the work of Ant¢nio Horta Os¢rio.

Discussant:
1. Roberto Baranzini (University of Lausanne)
2. Fabio Ranchetti (University of Pisa)
3. Salvador Almenar (University of Valencia)


Session D5: Internationalization of economics outside Europe

Chair: Peter Groenewegen (University of Sydney)

1. Yassine Essid (Tunisia): Arab-muslim economic thought and the development decades.
2. Paul B. Trescott (Southern Illinois University): How Keynesian economics came to China.
3. Aiko Ikeo (Kokugakuin University): The development of Keynesian-type economics in Japan.

Discussant:
1. Ernest Lluch (University of Barcelona)
2. Carlos Bastien (Technical University of Lisbon)
3. Michalis Psalidopoulos (Panteion University, Athens)

 


10:30 am
Coffee break


11:00-12:30 am
Sessions E1 to E5


Session E1: Adam Smith, the Scottish tradition and further

Chair: Antoin Murphy (Trinity College, Dublin)

1. A. Dow (Glasgow Caledonian University), S.C. Dow (University of Sterling), A. Hutton and M. Keaney (Glasgow Caledonian University): Traditions in economics: the case of Scottish political economy.
2. Daniel Diatkine and Janine Jacquet (University of Evry): Smith, Ferguson and the social classes.
3. Jochen Schumann (University of Munster): Heinrich von Storch's theory of "inner goods" as determinants of a nation's civilization.

Discussants:
1. Amos Witzum (London Guildhall University)
2. Francesco Luna (University of Venice)
3. António Almodovar (University of Oporto)


Session E2: Trade and international economics

Chair: Carlos Rodriguez Braun (Complutense University, Madrid)

1. Rainer Klump (University of Wuerzburg): Port, stockings, gold and the Ricardo paradox: Anglo-Portuguese trade and the emergence of international trade theory.
2. Pier Luigi Porta (University of Milan) and Roberto Scazzieri (University of Bologna): Beyond the nation-state. International civil society and the formation of wealth
3. Fabio Masini (University of Florence): Market and institutions: the case of international economics.

Discussants:
1. Fátima Brandão (University of Oporto)
2. Salim Rashid (University of Illinois)
3. Anne Devichi (University of Nice)



Session E3: Classical economics: interpretations and dissent

Chair: John Vint (Manchester Metropolitan University)

1. André Tiran (University Lumière-Lyon 2): Say's law and Ricardo.
2. Ricardo Faucci (University of Pisa): Hegel, Marx and classical economics: some interpretative issues.
3. Heinz D. Kurz (University of Graz):Johann Heinrich von Thunen on production and distribution.

Discussants:
1. Evert Schoorl (University of Groningen)
2. Geert Reuten (University of Amsterdam)
3. W. Van den Panhuysen (Free University of Brussels)


Session E4: Neoclassical economics and policy issues

Chair: Albert Jolink (Erasmus University Rotterdam)

1. Pierre Levy (University of Paris-Dauphine): The early history of the Philips curve reexamined.
2. Avi J. Cohen (York University, Toronto): Frank Knight's position on capital and interest: foundation of the Knight/Hayek/Kaldor debate.
3. Philip Mirowski (University of Notre Dame) and Wade Hands (University of Puget Sound): Harold Hotelling and the neoclassical dream.

Discussants:
1. Warren Young (Bar-Ilan University)
2. Gilles Dostaler (University of Quebec at Montreal)
3. Annie Cot (University of Lille)


Session E5: Hayek and Austrian economics

Chair: Laurence Moss (Babson College, Boston)

1. Zbigniew Hockuba (Warsaw University): Order and chaos in the economy: the Hayekian viewpoint on economic transformation.
2. Carime Ayati (University of Grenoble): Macro foundations of Hayek's economic thought
3. Peter-Wim Zuidhof (Erasmus University Rotterdam): Morgenstern and Hayek. Who is on the road to nowhere?

Discussants:
1. Ricardo Bellofiori (University of Bergamo)
2. Ulrich Witt (University of Freiburg)
3. Ingrid Rima (Temple University, Philadelphia)

 

12:30 am
Lunch break


2:30-4:00 pm
Sessions F1 to F5


Session F1: Pre-classical economics in continental Europe

Chair: Gianni Vaggi (University of Pavia)

1. Philippe Steiner (University of Paris-Dauphine): When science meets economy: a note on the French eighteenth century case.
2. Arild Saether (Agder University College, Kristiansand): The emergence of economics as a science in Denmark-Norway.
3. Paola Faggi (University of Florence): Pietro Verri and European economic thought in the eighteenth century.
4. Ernest Lluch (University of Barcelona): Cameralism outside the German world.

Discussants:
1. Luis Argem¡ (University of Barcelona)
2. Bo Sandelin (University of Goteborg)
3. Gilbert Faccarello (ENS Fontenay Saint-Cloud)
4. Lars Herlitz (University of Goteborg)


Session F2: Growth theories and economic progress

Chair: Harald Scherf (University of Hamburg)

1. Antoinette M. James (Randolph-Macon Woman's College) and Bruce T. Elmslie (University of New Hampshire): The convergence debate from the perspective of a lesser developed country: the German Historical School in the 1800s.
2. Bertram Schefold (University Johann Wolfgang Goethe, Frankfurt): The German Historical School and the belief in ethical progress.
3. Mario Pomini (University of Padua) and Andrea Salanti (University of Bergamo): Why do some theories emerge so late? The case of endogenous growth.
4. Neri Salvadori (University of Pisa): The classical growth theory in relation to the recent literature on endogenous growth.

Discussants:
1. Rainer Klump (University of Wuerzburg)
2. S. Drakopoulos (University of Aberdeen)
3. Heinz D. Kurz (University of Graz)
4. Bert Mosselmans (University of Brussels)


Session F3: Monetary theories and experiences

Chair: Michalis Psalidopoulos (Panteion University, Athens)

1. Pascal Bridel (University of Lausanne): Pareto, money and monetary theory.
2. Harald Hagemann (Hohenheim University, Stuttgart): Nicholas Johannsen on money and credit, the saving-investment process and the multiplier.
3. Maria Cristina Marcuzzo (University of Rome, La Sapienza): The demise of the quantity theory. The evolution of the alternative approach to monetary theory.
4. Manuel Farto and Ant¢nio Mendon‡a (Technical University of Lisbon): The Portuguese economic thought and the adoption of the gold standard in Portugal.

Discussants:
1. Mark Blaug (University of Exeter)
2. Domenica Tropeano (University of Macerata)
3. Sylvie Diatkine (University of Evry)
4. Annalisa Rosselli (University of Rome, Tor Vergata)


Session F4: Keynes's vision and formation

Chair: M. Jacinto Nunes (Technical University of Lisbon)

1. Peter Rosner (Vienna University): Can we consider the Keynesian revolution a scientific progress?
2. Gilles Dostaler (University of Qu‚bec at Montr‚al): The formation of Keynes's vision.
3. Tizziano Raffaelli (University of Pisa): Keynes's apprenticeship with Marshall in 1905.
4. Richard Arena and Stéphane Ngo Mai (University of Nice): Post-classical and pre-Keynesian features in John Hobson's contribution to economics.

Discussants:
1. David Colander (Middlebury College)
2. Athol Fitzgibbons (Griffith University)
3. Harry Landreth (Centre College, Lancaster)
4. Alan Dyer (Northeastern University, Boston)


Session F5: Economic psychology and experiment

Chair: Mary Morgan (London School of Economics and University of Amsterdam)

1. Philippe Fontaine (University of Antilles-Guyane): The changing place of empathy in economics.
2. Margaret Schabas (York University, Toronto): A fleeting fancy for psychology? Victorian economics and the science of the mind.
3. Stéphane Aymard (University of Montpellier): Experimental methods in economics - history, development and critics.
4. Robert Leonard (University of Quebec at Montreal): Time, psychology and equilibrium in interwar Vienna.

Discussants:
1. Robert Hébert (Auburn University)
2. Harro Maas (University of Amsterdam)
3. Francisco Louçã (Technical University of Lisbon)
4. Uskali Maki (Erasmus University Rotterdam)

 


4:30 pm
Coffee break


5:00-6:30 pm
Sessions G1 to G5


Session G1: Economic theory and policy in Adam Smith

Chair: Philippe Fontaine (University of Antilles-Guyane)

1. Bruno Miconi (University of Siena): Galiani, Smith and further. The problem of the measure of "real value" in Chapter V of the Wealth of Nations.
2. Nerio Naldi (University of Rome): Labour embodied and labour commanded in the Wealth of Nations.
3. Rudi Verburg (Erasmus University Rotterdam): Adam Smith on distributive justice.

Discussants:
1. Ian Kerr (Curtin University of Technology, Perth)
2. Philippe Bertrand (University of Paris I)
3. Carlos Rodriguez Braun (Complutense University, Madrid)


Session G2: Marshall, Keynes and the formation of the canon

Chair: Margaret Schabas (York University, Toronto)

1. Ingrid Rima (Temple University, Philadelphia): From political economy to instrumentalism.
2. António Almodovar and Fátima Brandão (University of Oporto): Economics and economists in the making: the role of Alfred Marshall.
3. David Colander (Middlebury College) and Harry Landreth (Centre College, Lancaster): Political influence on the textbook Keynesian revolution: God, man and Laurie Tarshis at Yale.

Discussants:
1. Tizziano Raffaelli (University of Pisa)
2. Peter Groenewegen (University of Sydney)
3. Richard Arena (University of Nice)



Session G3: Schumpeter in context

Chair: Robert Hébert (Auburn University)

1. Laurence S. Moss (Babson College, Boston): Schumpeter and the scientific study of the market process.
2. Eric Nasica (University of Nice): Money, finance and production in Schumpeter and Keynes: from analogies to complementarity.
3. Hansjorg Klausinger (Vienna University): Schumpeter, Hayek and monetarism: three views of the great depression.

Discussants:
1. Brian Loasby (University of Sterling)
2. Nuno Valério (Technical University of Lisbon)
3. Carlo Zappia (University of Siena)


Session G4: Economic theory and policies

Chair: Robert Leonard (University of Quebec at Montreal)

1. Warren Young (Bar-Ilan University): The early costing of atomic energy in the US and UK: 1946-1953.
2. Adrienne van den Bogaard (University of Amsterdam): Planning in France and Norway (1930-1955).

Discussants:
1. Esther-Mirjam Sent (University of Notre Dame)
2. Arild Saether (Agder University College, Kristiansand)


Session G5: Ancient and scholastic economic thought

Chair: Marjorie Grice-Hutchison (University of Malaga)

1. Anastassios Karayannis (University of Piraeus): Economic ideas of ancient Greek sophists and orators.
2. Toon Van Houdt (University of Leuven): Leonard Lessius on taxation and justice: an underestimated chapter in the history of late scholastic economic thought.

Discussants:
1. Bertram Schefold (University J.W. Goethe, Frankfurt)
2. André Lapidus (University of Paris I)

 

 



Organising Committee

J. L. CARDOSO, Technical University, Lisbon
P. FONTAINE, University of Antilles, Guadeloupe
A. JOLINK, Erasmus University, Rotterdam
R. LEONARD, University of Quebec, Montreal