Half Title Page
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:
| Volume 35A: | Research in the History of Economic Thought and Methodology: Including a Symposium on the Historical Epistemology of Economics; 2017 |
| Volume 35B: | Research in the History of Economic Thought and Methodology: Including a Symposium on New Directions in Sraffa Scholarship; 2017 |
| Volume 36A: | Research in the History of Economic Thought and Methodology: Including a Symposium on Bruce Caldwell’s Beyond Positivism After 35 Years; 2018 |
| Volume 36B: | Research in the History of Economic Thought and Methodology: Including a Symposium on the Work of Mary Morgan: Curiosity, Imagination, and Surprise; 2018 |
| Volume 36C: | Research in the History of Economic Thought and Methodology: Including a Symposium on Latin American Monetary Thought: Two Centuries in Search of Originality; 2018 |
| Volume 37A: | Research in the History of Economic Thought and Methodology: Including a Symposium on 50 Years of the Union for Radical Political Economics; 2019 |
| Volume 37B: | Research in the History of Economic Thought and Methodology: Including a Symposium on Ludwig Lachmann; 2019 |
| Volume 37C: | Research in the History of Economic Thought and Methodology: Including a Symposium on Robert Heilbroner at 100; 2019 |
| Volume 38A: | Research in the History of Economic Thought and Methodology: Including a Symposium on Public Finance in the History of Economic Thought; 2020 |
| Volume 38B: | Research in the History of Economic Thought and Methodology: Including a Symposium on Economists and Authoritarian Regimes in the 20th Century; 2020 |
| 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; 2020 |
| Volume 39A: | Research in the History of Economic Thought and Methodology: Including a Selection of Papers Presented at the 2019 ALAHPE Conference; 2021 |
| Volume 39B: | Research in the History of Economic Thought and Methodology: Including a Symposium on Carl Menger at the Centenary of his Death; 2021 |
| Volume 39C: | Research in the History of Economic Thought and Methodology: Including a Symposium on Frank Knight’s Risk, Uncertainty, and Profit at 100; 2021 |
| Volume 40A: | Research in the History of Economic Thought and Methodology: Including a Symposium on David Gordon: American Radical Economist; 2022 |
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 B. Emmett
Arizona State University, USA
Andrew Farrant
Dickinson College, USA
Nicola Giocoli
University of Pisa, Italy
Harald Hagemann
University of Hohenheim, Germany
Tiago Mata
University College, London, UK
Steven Medema
Duke University, 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 40B
RESEARCH IN THE HISTORY OF ECONOMIC THOUGHT AND METHODOLOGY: INCLUDING A SYMPOSIUM ON THE WORK OF WILLIAM J. BAUMOL: HETERODOX INSPIRATIONS AND NEOCLASSICAL MODELS
EDITED BY
LUCA FIORITO
University of Palermo, Italy
SCOTT SCHEALL
Arizona State University, USA
AND
CARLOS EDUARDO SUPRINYAK
American University of Paris, France
United Kingdom – North America – Japan India – Malaysia – China
Copyright Page
Emerald Publishing Limited
Howard House, Wagon Lane, Bingley BD16 1WA, UK
First edition 2022
Editorial matter and selection © 2022 Luca Fiorito, Scott Scheall and Carlos Eduardo Suprinyak. Published under exclusive licence.
Individual chapters © 2022 Emerald Publishing Limited.
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No part of this book may be reproduced, stored in a retrieval system, transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without either the prior written permission of the publisher or a licence permitting restricted copying issued in the UK by The Copyright Licensing Agency and in the USA by The Copyright Clearance Center. Any opinions expressed in the chapters are those of the authors. Whilst Emerald makes every effort to ensure the quality and accuracy of its content, Emerald makes no representation implied or otherwise, as to the chapters’ suitability and application and disclaims any warranties, express or implied, to their use.
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
ISBN: 978-1-80382-708-7 (Print)
ISBN: 978-1-80382-707-0 (Online)
ISBN: 978-1-80382-709-4 (Epub)
ISSN: 0743-4154 (Series)
United Kingdom – North America – Japan India – Malaysia – China
Contents
| About the Editors | ix |
| List of Contributors | xi |
| Volume Introduction | xiii |
| PART I: A SYMPOSIUM ON THE WORK OF WILLIAM J. BAUMOL: HETERODOX INSPIRATIONS AND NEOCLASSICAL MODELS | |
| Edited by Erwin Dekker | |
| Introduction – The Work of William J. Baumol: Heterodox Inspirations and Neoclassical Models | |
| Erwin Dekker | 3 |
| William Baumol and the Cost Disease | |
| Alex Tabarrok | 11 |
| Baumol’s Cost Disease in Times of Rising Income Inequality | |
| Jochen Hartwig and Hagen M. Krämer | 27 |
| The Correspondence between Baumol and Galbraith (1957–1958): An Unsuspected Source of Managerial Theories of the Firm | |
| Alexandre Chirat | 49 |
| Baumol’s Contribution to Telecommunications Regulation | |
| Victor A. Beker | 67 |
| William Baumol and Contestability: From At&T to Platforms | |
| Caroline Colton | 81 |
| William J. Baumol: Innovative Contributor to Entrepreneurship Economics | |
| Magnus Henrekson and Mikael Stenkula | 107 |
| So, What Did Marx “Really” Mean? The Methodenstreit between Baumol and Samuelson on the History of Economic Thought | |
| Anna Noci | 133 |
| PART II: ESSAYS | |
| To Kill a Black Swan: The Credibility Revolution at Cede, 2000–2018 | |
| Juan Pablo Castilla | 153 |
| A Bias for Bias? The Impact of “Authoritarian” Politics as Shown by Italian International Trade Debate Experience, 1913–1942 | |
| Fabrizio Bientinesi | 193 |
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 in the Faculty of Social Science in Arizona State University’s College of Integrative Sciences and Arts. 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 American University of Paris. He specializes in the history of political economy, exploring the intersections between economics and politics in different historical contexts, from early modern England to Cold War Latin America. Besides numerous papers in peer-reviewed journals, he is also co-editor of The Political Economy of Latin American Independence (Routledge, 2017) and Political Economy and International Order in Interwar Europe (Palgrave, 2020).
List of Contributors
| Victor A. Beker | University of Belgrano and University of Buenos Aires, Buenos Aires, Argentina |
| Fabrizio Bientinesi | University of Pisa, Pisa, Italy |
| Juan Pablo Castilla | Universidad de los Andes, Bogota, Colombia |
| Alexandre Chirat | Université Paris Nanterre, Nanterre, France |
| Caroline Colton | University of Technology Sydney, Sydney, Australia |
| Erwin Dekker | Mercatus Center, George Mason University, Fairfax, VA, USA |
| Luca Fiorito | University of Palermo, Palermo, Italy |
| Jochen Hartwig | Chemnitz University of Technology, Chemnitz, Germany |
| Magnus Henrekson | Research Institute of Industrial Economics, Stockholm, Sweden |
| Hagen M. Krämer | Karlsruhe University of Applied Sciences, Karlsruhe, Germany |
| Anna Noci | Sant’Anna School of Advanced Studies, Pisa, Italy |
| Scott Scheall | Arizona State University Polytechnic Campus, Mesa, AZ, USA |
| Mikael Stenkula | Research Institute of Industrial Economics, Stockholm, Sweden |
| Carlos Eduardo Suprinyak | American University of Paris, Paris, France |
| Alex Tabarrok | George Mason University, Fairfax, VA, USA |
Volume Introduction
Volume 40B of Research in the History of Economic Thought and Methodology features a symposium on William Baumol, edited by Erwin Dekker and featuring contributions from Alex Tabarrok, Jochen Hartwig and Hagen M. Krämer, Alexandre Chirat, Victor A. Beker, Caroline Colton, Magnus Henrekson and Mikael Stenkula, and Anna Noci.
The volume also includes new general-research essays from Juan Pablo Castilla and Fabrizio Bientinesi.
The Editors of Research in the History of Economic Thought and Methodology
Luca Fiorito
Scott Scheall
Carlos Eduardo Suprinyak
