Hostname: page-component-586b7cd67f-g8jcs Total loading time: 0 Render date: 2024-12-05T02:40:55.207Z Has data issue: false hasContentIssue false
  • English
  • Français

America's Alternative to Marshall: Property, Competition, and Capitalism in Hadley's Economics of 1896

Published online by Cambridge University Press:  11 June 2009

Audrey B. Davidson  and
Robert B. Ekelund Jr.
Get access Rights & Permissions [Opens in a new window]

Extract

American dominance of the discipline of economics in the present century is beyond dispute. In terms of Nobel prizes and the creative ideas that spawned them, academic economists working in the United States have an incomparable record. As all who study the history of economic thought know, this was not always the case. Indeed, most histories of thought, when dealing with the nineteenth century, leave the impression that little of merit was done outside the British Isles. But Alfred Marshall's Principles was not the only “basic book” of merit to be published at the crest of nineteenth-century neoclassicism. It was possibly not even the most prescient work.

Type
Articles
Information
Journal of the History of Economic Thought , Volume 16 , Issue 1 , Spring 1994 , pp. 1 - 26
Copyright
Copyright © Cambridge University Press 1994

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

Alchian, A. 1965. “The Basis of Some Recent Advances in the Theory of Management of the Firm,” Journal of Industrial Economics, 14, November, 30–41.CrossRefGoogle Scholar
Alchian, A., and Allen, W. R.. 1964. University Economics, Belmont: Wadsworth.Google Scholar
Alchian, A., and Demsetz, H.. 1972. “Production, Information Costs, and Economic Organization,” American Economic Review 62, 777–95.Google Scholar
Alchian, A., and Kessel, R. A.. 1962. “Competition, Monopoly, and the Pursuit of Money,” reprinted in Essays in Applied Price Theory by Reuben A. Kessel, Chicago: The University of Chicago Press, 297–326.Google Scholar
Bain, J. S. 1956. Barriers to New Competition, Harvard University Press, Cambridge.CrossRefGoogle Scholar
Baumol, W. J., Panzar, J. C., and Willig, R. D.. 1982. Contestable Markets and the Theory of Industry Structure, Harcourt Brace Jovanovich, San Diego.Google Scholar
Becker, G. S. 1981. A Treatise on the Family, Harvard University Press, Cambridge.Google Scholar
Breit, W. L. 1991. “Resale Price Maintenance: What Do Economists Know and When Did They Know It?” Journal of Institutional and Theoretical Economics, 147, 72–90Google Scholar
Clark, J. M. 1923. Studies in the Economics of Overhead Costs, University of Chicago Press, Chicago.Google Scholar
Coase, R. 1960. “The Problem of Social Cost,” Journal of Law and Economics, 3, October, 1–44.CrossRefGoogle Scholar
Commons, J. R. 1893. The Distribution of Wealth; reprint, Augustus M. Kelley, New York, 1963.Google Scholar
Cross, M. and Ekelund, Jr., R. B. 1980. “A. T. Hadley on Monopoly Theory and Railway Regulation: An American Contribution to Economic Analysis and Policy,” History of Political Economy 12, Summer, 214–33.CrossRefGoogle Scholar
Cross, M. and Ekelund, Jr., R. B. 1981. “A. T. Hadley: The American Invention of the Economics of Property Rights and Public Goods,” Review of Social Economy, 39, April, 37–50.CrossRefGoogle Scholar
Dorfman, J. 1946. The Economic Mind in American Civilization; reprint, Augustus M. Kelley, New York, 1966.Google Scholar
EkelundR. B., Jr. R. B., Jr. 1987. “Arthur Twining Hadley,” in The New Palgrave: A Dictionary of Economic Theory and Doctrine, edited by John, Eatwell, Murray, Milgate, and Peter, Newman, Macmillan Press, London, 2, 582–83.Google Scholar
Fisher, I. 1930. “Obituary: Arthur Twining Hadley,” Economic Journal, 40, September, 526–33.CrossRefGoogle Scholar
Fisher, I., Raper, C., and Seligman, E.. 1930. “Arthur Twining Hadley,” American Economic Review, 20, 364–68.Google Scholar
Fisher, I. N. 1956. My Father Irving Fisher, Comet Press Books, New York.Google Scholar
Hadley, A. T. 1885. Railroad Transportation: Its History and its laws; reprint, G. P. Putnam's Son, New York, 1903.Google Scholar
Hadley, A. T.. 1896. Economics: An Account of the Relations Between Private Property and Public Welfare, G. P. Putnam's Sons, New York.Google Scholar
Hadley, A. T.. 1897. “Some Fallacies in the Theory of Distribution,” Economic Journal, 7, December, 477–86.CrossRefGoogle Scholar
Hadley, M. 1948. Arthur Twining Hadley, Yale University Press, New Haven.Google Scholar
Horton, T. 1993. “The Last Skipjack,” New York Times Magazine, June 13, 33–38.Google Scholar
Kessel, R. 1974. “Transfused Blood, Serum Hepatitis and the Coase Theorem,” Journal of Law and Economics, 17, October, 265–89.CrossRefGoogle Scholar
Marshall, A. 1920. Principles of Economics, Macmillan, London.Google Scholar
Marshall, A. 1897. “The Old Generation of Economists and the New,” Quarterly Journal of Economics 11, January, 115–35.CrossRefGoogle Scholar
North, D. C. 1981. Structure and Change in Economic History, W. W. Norton, New York.Google Scholar
Parrini, C. P. and Sklar, M. J.. 1983. “New Thinking about the Market, 1896–1904: Some American Economists on Investment and the Theory of Surplus Capital,” Journal of Economic History, 48, September, 559–78.CrossRefGoogle Scholar
Parsons, T. 1931. “Wants and Activities in Marshall,” Quarterly Journal of Economics, 46, November, 101–40.CrossRefGoogle Scholar
Parsons, T. 1932. “Economics and Sociology: Marshall in Relation to the Thought of His Time,” Quarterly Journal of Economics, 46, February, 316–47.CrossRefGoogle Scholar
Price, L. L. 1896. “Review of Hadley's Economics,” Economic Jornnal, 6, December, 597–602.Google Scholar
Schumpeter, J. A. 1934. The Theory of Economic Development: translated by Redvers Opie, Transaction Books, New Brunswick, 1983.Google Scholar
Schumpeter, J. A. 1942. Capitalism, Socialism and Democracy, Harper and Row, New York, 1950.Google Scholar
Schumpeter, J. A. 1954. History of Economic Analysis, edited by Elizabeth Boody, Schumpeter, Oxford University Press, New York.Google Scholar
Shavell, S. 1987. Economic Analysis of Accident Law, Harvard University Press, Cambridge.CrossRefGoogle Scholar
Stigler, George J. 1971. “The Theory of Economic Regulation,” Bell Journal of Economics and Management Science, 2, Spring, 3–21.Google Scholar
Taylor, W. G. L. 1896. “Hadley's ‘Economics,’” Journal of Political Economy, 4, September, 467–93.Google Scholar