HES: RE: DISC--Sent, Medaille and Nuwer versus Gunning
Gary Mongiovi
MONGIOVG at stjohns.edu
Fri Mar 7 15:34:12 EST 2008
Pat wrote: "My point is that one cannot study economics – as I defined it – without regarding the invisible hand, comparative advantage, the quantity theory of money, and demand and supply as the focal points."
The theory of demand & supply is a post-1850 development and was not adopted by a majority of the discpline until after 1880 or thereabouts. Skeptics retained a small but non-negligible presence in the discipline until the mid-twentieth century. How then do Petty, Smith, Ricardo, Marx, Veblen etc fit into Pat's picture. Are they not economists?
Gary Mongiovi
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