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Daisuke ARIE
1995 Volume 33 Issue 33 Pages
1-12
Published: 1995
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This paper will examine several aspects of the intellectual atmosphere in the middle of eighteenth-century Scotland, where Smith had developed his idea of a new social science.
I first introduce mainly through Blair's sermons, that the Moderates' view of providence-based functional society was static and conservative, and lacked the concept of progress or stage theory of society, though they were more enlightened than Presbyterian orthodoxies.
Second, I show empirically the psychological expansion of the idea of moral sense by Kames, who introduced
feeling as a basic factor for moral judgment. This implies an intellectual tendency that would rather insist human autonomy as a moral agent than claim
a priori conscience with an abstract character like benevolence.
The intellectual atmosphere above suggests a basic divergence of the Moderates' thought from Smith's framework which was to be shown in
Theory of Moral Sentiments or
Wealth of Nations. This suggestion would give us an effective device which can rescue Smith from an intricate trap of the so-called civic humanist paradigm that has confined Smith, by applying Q. Skinner's radical relativism, to be just one of eighteenth-century moralists rather than a founder of a new science.
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Masaharu HATTORI
1995 Volume 33 Issue 33 Pages
13-25
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In this paper I consider some aspects of Archibald Alison's protectionism. Alison (1792-1867) was considered “the most unbending Conservative in Great Britain” during the first half of the 19th century.
Alison criticized Malthus's principles of population. Even in an old society such as Britain, population was far from pressing subsistence. But Sir Robert Peel's Bank Acts of 1819 and 1844 had decreased the demand for labour by a reduction of paper currency. The repeal of the Corn Laws increased the quantity of imported corn enormously, and resulted in the distressed state of British agricuture. The Free Trade System compelled Britain to follow in the path of the fall of the Roman Empire.
Alison adovocated a moderate degree of Protection to Native Industry, and a systematic emigration. He believed that Britain could develop its colonial empire by these measures. Alison's Protectionism consisted of agricultural protection and systematic emigration, and the latter led to protection on all goods, rude or manufactured.
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Tamotsu NISHIZAWA
1995 Volume 33 Issue 33 Pages
26-38
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English classical economics enjoyed supreme authority during England's reign as ‘the workshop of the world’, which generated Anglo-centric chauvinism and insularity. Against this background emerged a ‘new cohort of economists’ —Leslie, Bagehot, Jevons— who all rejected ‘the Ricardo-Mill Economics.’ Marshall was almost as critical as had been the historical critics, and he did much to further ‘the loss of insularity.’ He highly regarded the German Historical School, in particular, Friedrich List. Marshall was as concerned about the decline of English industrial leadership as were Ashley and Chamberlain. However, he wrote that ‘the simplicity and naturalness of Free Trade’ remained ‘the best’, and diametrically opposed to the minority report on the Depression of Trade and Industry.
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Toshihiko HOZUMI
1995 Volume 33 Issue 33 Pages
39-51
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In this paper, I examine the thoretical works of Friedrich Engels in his youth and later years in order to elucidate the significance and limitation of that work. I have investigated the following:
Outlines of a Critique of Political Economy, and
The Condition of the Working Class in England, which are early works, and
Anti-Dühring, a later work. My research indicates that the young Engels moved from Left-Hegelianism to Communism in 1842, earlier than young Marx, and played an important role in formulating the Materialist Conception of History. The paper traces the development of Marx's ideas as contained in the theory of alienated labour in
Economic and Philosophical Manuscript (1844) and compares them to those of the Materialist Conception of History in
The German Ideology (1846) by Engels and Marx. Finally it examines Engels' book Anti-Dühring (1885) in order to discover the characteristics of his interpretation of Marxian Theories, and finds his interpretation of history evolutionistic and optimistic.
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A new viewpoint to understand Saint-Simon
Motoki AZUMA
1995 Volume 33 Issue 33 Pages
52-64
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The character of social organization in the European countries caused violent revolution within them (especially France) and wars between them which gave rise to a sense of crisis and stimulated Saint-Simon to reflect upon the possibility of a new social organization able to overcome the crisis. Central to his solution were a principle and strategy to give the society a unity and a universality and to give the member of the society a basis to realize morality concretely.
Saint-Simon developed wisdom based upon scientific knowledge as the principle of the new social organization and at first he insisted upon a morality based upon knowledge and rule proportional to knowledge. He did not attach much importance to subjective morality or to the liberty of individuals. But as Saint-Simon acquired critical understanding of the Vienna Regime and more especially about British society, he began to attach importance to subjective morality and individual liberty. This is because he understood that it is a condition for knowledge to function as a principle of society that individuals in the society recognize and respect each other subjectively and freely as owners of knowledge motivated by philanthropy.
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Masatomi FUJIMOTO
1995 Volume 33 Issue 33 Pages
65-78
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Though J. S. Mill's theory of reciprocal demand was developed in the chapter “Of International Values” in the first edition of his
Principles of Political Economy (1848), Mill added new sections in the third edition (1852). In Mill's mind, the theory of reciprocal demand had not been complete, because the conditions of the Equation of Demand “might be equally satisfied by every numerical rate”. To determine a unique equilibrium, Mill introduced a new element, “the means of production available.”
In this paper, it is claimed that Mill's discussion in the new sections was influenced by William Thornton's criticism of the law of supply and demand, and by William Whewell's mathematical analysis.
Thornton's influence on Mill shows itself in Mill's recognitions of the multiple equilibria related to the price elasticity of demand. On the contrary, Whewell's influence stems from his treatment of theoretical subjects related to Mill's new approach to the theory of reciprocal demand. In particular, the amount of the inported-goods consumed in each country before trade, into which Mill translated the means of production available, is a variable in Whewell's mathematical model.
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Kenji FUJII
1995 Volume 33 Issue 33 Pages
79-89
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This paper examines how the economics of Marshall was pushed out of the mainstream of economics after his death.
We firstly try to comfirm that the compatibility problem between competition and increasing returns was the main concern of Marshall from the early days of his career up to his
Principles. Three new analytical tools he introduced into the
Principles were intended to answer this problem. These are the distinction between internal and external economics, the period analysis, and the representative firm. The vision of the market as an organic system, we contend, is the key to understanding these three tools.
Because economists at the early stage of institutionalization of the profession were eager to secure reliable analytical methods, the assessment of the economics of Marshall centered around the consistency of his analytical tools with the partial equilibrium method. Consequently, not enough attention was paid to the vision underlying his analytical tools. The same logic explains the gradual displacement of partial equilibrium method by general equilibrium method which started shortly after the assessment of Marshall by the Cambridge economists during the 1930s.
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Masao KANO
1995 Volume 33 Issue 33 Pages
90-100
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Keynes' argument that income can change without any change in the quantity of money appears in his
Treatise on Money. This argument is essentially concerned with the theory of interest and the equilibrium condition in the money market, but Keynes' argument in the
Treatise concerning these matters has not been sufficiently analyzed. The purpose of this paper is to clarify these matters and investigate the significance of the argument in the
Treatise.
In the
Treatise, the total demand function for money is not specified and the money market is not theoretically related to the goods market. Then the theory of interest in the
Treatise is not complete, but it can be regarded as a theory which necessarily developed into the liquidity preference theory of interest in the sense that the interest rate is governed by the excess demand for money. Furthermore, the
Treatise contains valuable analysis of many subjects which are not covered in the
General Theory, such as the transaction demand for money in disequilibrium and the behavior of banks.
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Susumu EGASHIRA
1995 Volume 33 Issue 33 Pages
101-112
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This paper deals with F. A. Hayek's theory of evolution. It is well known that F. A. Hayek's spontaneous order theory is based on the theory of evolution, but there are few works which focus on Hayek's evolutionary concept itself. However, this concept is important for understanding Hayek's social and economic philosophy. In this paper, the concept is clarified through comparison with the theories of H. Spencer, A. Marshall and T. Veblen. The keyfeatures of Hayek's theory are that; (1) he did not use a biological analogy; (2) he thought that social evolution should be described as the development of order. Unlike Marshall, Hayek thought that a biological analogy distorted the character of social phenomenon so that the theory of social evoloution had to be unique.
In the first section of this paper, an outline of theories of Spencer, Marshall and Veblen is presented, which emphasizes how they differ in how they apply various aspects of the theory of evolution to social sciences. The second section explains Hayek's theory of evolution. In the third section the relation between the theory of evolution and the spontaneous order theory is highlighted. In the last section, the central problem raised up by Hayek is considered.
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Yoshihiro Yamazaki
1995 Volume 33 Issue 33 Pages
113-121
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In this paper, we consider the influence of econometrics as a tool on macroeconomics as a vision focusing on the disturbance term in econometric and theoretical models.
Keynes rejected Tinbergen's method. The reason is that Keynes's views on probability conflicted with the concept of probability expressed in the disturbance term of Tinbergen's model.
In macroeconometrics the disturbance term was interpreted as the influence of omitted variables and was viewed as caused by measurement error at the earlier stage and by sampling error at the later one.
After the attack on Keynesian theory and simultaneous equation models by the rational expectations school and by proponents of vector autoregressive models, a disturbance term came to be introduced into theoretical models. They are interpreted as shocks caused by a shortage of information or by a fluctuations of productivity.
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Shohei YONEDA
1995 Volume 33 Issue 33 Pages
122-129
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Masashi IZUMO
1995 Volume 33 Issue 33 Pages
130-137
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Isamu KAMIJO
1995 Volume 33 Issue 33 Pages
138-144
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Kunio NAKAKUBO
1995 Volume 33 Issue 33 Pages
145-152
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Yuichi SHIONOYA
1995 Volume 33 Issue 33 Pages
153-162
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[in Japanese]
1995 Volume 33 Issue 33 Pages
163
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[in Japanese]
1995 Volume 33 Issue 33 Pages
164
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[in Japanese]
1995 Volume 33 Issue 33 Pages
165
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[in Japanese]
1995 Volume 33 Issue 33 Pages
166
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[in Japanese]
1995 Volume 33 Issue 33 Pages
167
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[in Japanese]
1995 Volume 33 Issue 33 Pages
168
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[in Japanese]
1995 Volume 33 Issue 33 Pages
169
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[in Japanese]
1995 Volume 33 Issue 33 Pages
170
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[in Japanese]
1995 Volume 33 Issue 33 Pages
171
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[in Japanese]
1995 Volume 33 Issue 33 Pages
172
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[in Japanese]
1995 Volume 33 Issue 33 Pages
173
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[in Japanese]
1995 Volume 33 Issue 33 Pages
174
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[in Japanese]
1995 Volume 33 Issue 33 Pages
175
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[in Japanese]
1995 Volume 33 Issue 33 Pages
176
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[in Japanese]
1995 Volume 33 Issue 33 Pages
177
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[in Japanese]
1995 Volume 33 Issue 33 Pages
178
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[in Japanese]
1995 Volume 33 Issue 33 Pages
179
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[in Japanese], [in Japanese]
1995 Volume 33 Issue 33 Pages
180-181
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[in Japanese], [in Japanese]
1995 Volume 33 Issue 33 Pages
182-183
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[in Japanese]
1995 Volume 33 Issue 33 Pages
184
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[in Japanese]
1995 Volume 33 Issue 33 Pages
185
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[in Japanese]
1995 Volume 33 Issue 33 Pages
186
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[in Japanese]
1995 Volume 33 Issue 33 Pages
187
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[in Japanese]
1995 Volume 33 Issue 33 Pages
188
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[in Japanese]
1995 Volume 33 Issue 33 Pages
189
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[in Japanese]
1995 Volume 33 Issue 33 Pages
190
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1995 Volume 33 Issue 33 Pages
191
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1995 Volume 33 Issue 33 Pages
192
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[in Japanese], [in Japanese]
1995 Volume 33 Issue 33 Pages
193-194
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[in Japanese]
1995 Volume 33 Issue 33 Pages
195
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1995 Volume 33 Issue 33 Pages
196
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[in Japanese], [in Japanese]
1995 Volume 33 Issue 33 Pages
197-198
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[in Japanese]
1995 Volume 33 Issue 33 Pages
199-201
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