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 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 |
| 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; 2022 |
| Volume 40C: | Research in the History of Economic Thought and Methodology: Including a Symposium on the Work of François Perroux; 2022 |
| Volume 41A: | Research in the History of Economic Thought and Methodology: Including a Symposium on Religion, the Scottish Enlightenment, and the Rise of Liberalism; 2023 |
| Volume 41B: | Research in the History of Economic Thought and Methodology: Including a Selection of Papers Presented at the First History of Economics Diversity Caucus Conference; 2023 |
| Volume 41C: | Research in the History of Economic Thought and Methodology: Including a Symposium on John Kenneth Galbraith: Economic Structures and Policies for the Twenty-first Century; 2023 |
Editorial Page
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, London, 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 41D
RESEARCH IN THE HISTORY OF ECONOMIC THOUGHT AND METHODOLOGY: INCLUDING A SYMPOSIUM ON HAZEL KYRK'S: A THEORY OF CONSUMPTION 100 YEARS AFTER PUBLICATION
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
Emerald Publishing, Floor 5, Northspring, 21-23 Wellington Street, Leeds LS1 4DL.
First edition 2024
Editorial matter and selection © 2024 Luca Fiorito, Scott Scheall and Carlos Eduardo Suprinyak.
Published under exclusive licence.
Individual chapters © 2024 Emerald Publishing Limited.
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Contact: www.copyright.com
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: 978-1-80455-991-8 (Print)
ISBN: 978-1-80455-990-1 (Online)
ISBN: 978-1-80455-992-5 (Epub)
ISSN: 0743-4154 (Series)
Contents
| About the Editors | ix |
| List of Contributors | xi |
| Volume Introduction | xiii |
| Part I: A Symposium on Hazel Kyrk’s A Theory of Consumption 100 Years After Publication | |
| Edited by Rebeca Gomez Betancourt | |
| Chapter 1: Introduction to the Symposium 100 Years After the Publication of “A Theory of Consumption” By Hazel Kyrk (1923) | |
| Rebeca Gomez Betancourt | 3 |
| Chapter 2: Hazel Kyrk’s Intellectual Roots: When First-generation Home Economists Met the Institutionalist Framework | |
| David Philippy, Rebeca Gomez Betancourt and Robert W. Dimand | 7 |
| Chapter 3: Hazel Kyrk’s A Theory of Consumption, Veblen’s Business and Industrial Concerns, and W.C. Mitchell’s Essays on Spending and Money: Conceptual Links | |
| Zdravka Todorova | 27 |
| Chapter 4: Hazel Kyrk, Eugenics, and Consumption Standards | |
| Edith Kuiper | 47 |
| Chapter 5: Hazel Kyrk, The Economics of the Social Relevance of Consumption and John Maynard Keynes’ Consumption Function | |
| Attilio Trezzini | 69 |
| Chapter 6: What Should Families Want? From Hazel Kyrk to Margaret Reid and Beyond | |
| Miriam Bankovsky | 95 |
| Part II: Essays | |
| Chapter 7: On the Integration of Institutional Themes and Neoclassical Formalism: Locational Economics as a Case Study in Pragmatic Empiricism | |
| Yue Xiao and Joseph Persky | 119 |
| Chapter 8: Nutter and Buchanan Did Not Turn Against Tuition Grants for Segregated Schools in 1965: A Comment on Fleury (2023) and Levy and Peart (2023) | |
| Daniel Kuehn | 139 |
| Chapter 9: Response to Kuehn: Buchanan on the Rules for Public School Funding: Additional Thoughts | |
| David M. Levy and Sandra J. Peart | 153 |
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) and Dialogues Concerning Natural Politics: A Modern Philosophical Dialogue About Policymaker Ignorance (Substack, 2023).
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
| Miriam Bankovsky | La Trobe University, Melbourne, Victoria, Australia |
| Robert W. Dimand | Brock University, St. Catharines, Ontario, Canada |
| Luca Fiorito | University of Palermo, Palermo, Italy |
| Rebeca Gomez Betancourt | University of Lyon-Triangle, Lyon, France |
| Daniel Kuehn | The Urban Institute, Washington, DC, USA |
| Edith Kuiper | State University of New York at New Paltz, New Paltz, NY, USA |
| David M. Levy | George Mason University, Fairfax, VA, USA |
| Sandra J. Peart | University of Richmond, Richmond, VA, USA |
| Joseph Persky | University of Illinois at Chicago, Chicago, IL, USA |
| David Philippy | CY Cergy Paris University, Cergy-Pontoise, France |
| Scott Scheall | Arizona State University Polytechnic Campus, Mesa, AZ, USA |
| Carlos Eduardo Suprinyak | American University of Paris, Paris, France |
| Zdravka Todorova | Wright State University, Dayton, OH, USA |
| Attilio Trezzini | Roma Tre University, Rome, Italy |
| Yue Xiao | University of Illinois at Chicago, Chicago, IL, USA |
Volume Introduction
Volume 41D of Research in the History of Economic Thought and Methodology features a symposium reflecting on the significance after 100 years of the publication of Hazel Kyrk’s A Theory of Consumption. The symposium, guest edited by Rebeca Gomez Betancourt, features contributions from David Philippy, Rebeca Gomez Betancourt and Robert Dimand, Zdravka Todorova, Edith Kuiper, Attilio Trezzini, and Miriam Bankovsky.
The volume also includes a new research essay by Yue Xiao and Joseph Persky, as well as Daniel Kuehn’s criticism of two of the essays published in RHETM Volume 40C as part of the roundtable on David M. Levy and Sandra J. Peart’s Towards and Economics of Natural Equals. Levy and Peart respond to Kuehn’s critical essay.
The Editors of RHETM
Luca Fiorito
Scott Scheall
Carlos Eduardo Suprinyak
