10: 00am – 12: 00pm Opening Presidential Plenary Auditorium David Kaiser (mit)

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2011 Conference Program

All Sessions in McKenna Hall

Friday, June 17

10:00am – 12:00pm

Opening Presidential Plenary


David Kaiser (MIT)

“Political Economy and the Production of Knowledge: What the Physicists can Teach us about Economics”

12:00pm – 1:00pm

Lunch Break

12:00pm – 4:00pm

Executive Committee Meeting

Room 106

1:00pm – 2:30pm

Economics of Bernard Lonergan

Room 100-104

Paul Oslington, “Bernard Lonergan and the Development of Catholic Social Teaching on Economics”

Patrick Byrne, “Bernard Lonergan’s Economics in the Context of his Theology”

Paul O’Connor, “Lonergan’s Macrodynamics”

Discussants: Paul Oslington, Douglas Meador

Post WWII Orthodoxies in the Making

Room 210 – 214

Toshiaki Hirai, “The Welfare State in the Making - Beveridge and Keynes”

Amanar Akhabbar, “From Input-Output Analysis to Activity Analysis: Dantzig, Koopmans, Leontief and early linear programming 1945-1951

Ana Maria Bianchi, “Albert Hirschman and his controversial research report”

Discussants: Teresa Rangil

2:45pm – 4:15pm

Presidential Session: Cold War Histories

Room 100-104

Judy L. Klein, “Cold War Modeling Strategies

Paul Erickson, “Whence Rationality? Models and Decisions in Postwar Psychology”

Sonja M. Amadae, “Living in a MAD World: Cold Ward Ontolological Insecurity and the Prisoner’s


Discussants: David Kaiser


Room 210 – 214

Guillermo Cavazos, “Philosophical Argumentation as an Alternative to Mathematical Modeling: Hayek

and the Idea of Spontaneous Order”

James Wible, “C. S. Peirce and F. A. Hayek on the Abstract Nature of Sensation and Cognition”

Regis Servant, “What is cultural evolution in the work of Friedrich Hayek?”

Discussants: Pete Boettke, Jose Gramajo


Room 202

Larry Boland “Choosing model building methods”

Jose Pelaez, “A proposal for a theory of price formation”

Cecilia Miller, “Theories and Models”

Discussants: David Levy

Production and the Physical World

Room 200

Michael Perelman, “How Transactions Displaced Production”

Christian Gehrke, Fixed capital in Ricardo’s theory of rent”

Nancy Bertaux, The Stationary State vs. the Sustainable Economy: Smith, Ricardo, Mill and Daley

Discussant: Harald Hagemann

Commercial Controversies in Jacksonian America


William S. Belko, “Unifying the Anti-Tariff Men: The Philadelphia Free Trade Convention of 1831”

Stephen Meardon, “Negotiating Free Trade in Theory and Fact: the Doctrine and Diplomacy of Condy Raguet”

Jessica Lepler, “Economic Thought and the Panic-less Panic of 1837”

Discussants: Stephen Meardon, Jessica Lepler

4:15pm – 6:00pm

Film: Inside Job

Followed by Discussion led by Tiago Mata


6:00pm – 8:30pm

Opening Reception


Saturday, June 18

8:30am – 10:00am

Crisis Considerations

Room 100-104

Daniele Besomi, “Naming Crises. A Note On Semantics and Chronology”

David Levy, “Prudence with Biased Experts: Ratings Agencies & Regulators”

Neil Skaggs, “Looking for Keys Under Lamposts”

Discussant” Perry Mehrling

The Treatments of Finance

Room 210-214

James Ahiakpor, “On Harrod’s Unhelpful Suggested Diagram to Keynes on the Classical Theory of


Masazumi Wakatabe, 'Is there any cultural difference in economics?: Keynesianism and Monetarism in


Discussant: Brad Bateman

Poverty and Labor

Room 202

Judith Favereau, “The Fight against Poverty as a "Clinical Trial". Reflections on Esther Duflo's Approach”

Malcolm Rutherford, “Field, Undercover, and Participant”

Discussants: Jeff Biddle

Marx and Tugan Baranovsky, Russia and Britain

Room 200

Asheesh Siddique, “Reading Marx in 19th Century Britain: Political

Economy, Textual Reception, and the Non-Transfer of Ideas”

Anna Klimina, “Concept of Deliberate Market Construction in the Context of three 20th-century Russias”

Discussant: John Davis

10:00am – 10:30am

Coffee Break

10:30am – 11:30am

Distinguished Lecture


John Cassidy, New Yorker, How Markets Fail: The Case of the Economics Profession

Book Signing immediately following outside the Auditorium

11:45am – 1:00pm

JHET Editorial Board Meeting

Room 106

1:00pm – 3:00pm

Modern Banking Theory

Room 100-104

Arie Krampf, “Modern Central Banking in the light of the Financial Crisis and in Historical Perspective”

Frederic Lebaron, “How the financial crisis affected the doctrines of the ECB”

Perry Mehrling, "Central Banking after Modern Financial Crisis”

Discussant: Muriel Dupont-Lagrande

Book Roundtable: Malcolm Rutherford’s Institutionalist Movement in American Economics


Brad Bateman

Ross Emmett

Tim Leonard

Jeff Biddle

International Trade Theory

Room 202

Steve Meardon, “On the Evolution of U.S. Trade Agreements: Evidence from Taussig’s Tariff Commission”

Andrea Maneschi, "Division of trade gains and role of absolute advantage in David Ricardo’s theory of


Paul Oslington, “Trade in a Messy World: Three Studies in Jacob Viner’s International Economics”

Discussants: Farhad Rassekh, Stephen Meardon

Behavioral Economics and the Psyche of the Consumer

Room 200

Viviana Di Giovinazzo, “ Consumer preferences and individual satisfaction. Tibor Scitovsky On the role of

the arts in society”

Noel Thompson, “Conceptualising the consumer: British social democratic political economy in the

golden age of capitalism”

Discussant: Ana Maria Bianchi

3:00pm – 3:30pm

Coffee Break

3:30pm – 5:00pm

Book Roundtable: Robert Leonard’s Von Neumann, Morgenstern and the Creation of Game Theory


Nicola Giocoli

Philip Mirowski

Paul Erickson

Peter Boettke

Judy Klein

Organizer: John Davis

Production of Economic Knowledge Outside Academia

Room 210-214

Teresa Rangil, “The “Politics of Neutrality”: UNESCOs Social Science Department, 1946-1957

Carol Connell, “The Bellagio Group: Fritz Machlup’s External Organization for Examination, Knowledge

Sharing and Reform of the World Monetary System”

Evelyn Forget, “Government offices and the production of economic knowledge: a case study of the US

Office of Economic Opportunity, 1964 – 1968”

Discussant: Edward Nik-Khah

Adam Smith, Desire and the Long Run

Room 202

Hiroyuki Furuya, “Adam Smith and Stoic Philosophy: From Cicero’s Cato to an Image of the Merchant-


Pierre Lacour, “Adam Smith and Girard’s Theory of Desire”

David Andrews, “The Short History of the Long-Period: Marshall and Sraffa on Smith’s ‘Natural Price’”

Discussant” Maria Paganelli

Institutional Economics

Room 200

Douglas MacKenzie, “Comparison and Contrast in the History of Institutional Economics”

Neil Niman “The Allure of Alternate Reality (and Other) Games: Toward an Updated Theory of the

Leisure Class”

Avi Cohen, “Veblen Contra Clark and Fisher: Veblen-Robinson-Harcourt Lineages in Capital Controversies and Beyond”

Discussant: Malcolm Rutherford

5:00pm – 6:00pm

HES Business Meeting


7:00pm – 9:00pm

Dinner (Outdoor Picnic)

Irish Courtyard (Behind Morris Inn)

Sunday, June 19

8:30am – 10:00am

Uses of the Internet for History

Room 100-104

Robert Dimand, Rod Hay and the McMaster University Archive of the History of Economic Thought”

Matthias Klaes, “Towards and On-line Multimedia Resource for Historians of Economics”

Tiago Mata, “Speaking in tongues”

Discussant: Alan Hutton

Construction of Neoliberalism at Chicago

Room 210-214

Craig Freeman, “The Chicago Counter-revolution and the Loss of the Classical Liberal Tradition”

Rob van Horn & Edward Nik-Khah, “Inland Empire: Economics Imperialism as an Imperative of Chicago


Ekkehard Kohler and Stephan Kolev, “The Cojoint Quest for a Liberal Positive Program: Freiburg, Hayek, and ‘Old Chicago’”

Discussants: Dan Hammond, John Davis

Pigouvian Mysteries of Unemployment

Room 200

Norikazu Takami, “The Unemployment Controversy and the Pigou Effect”

Massimo DiMatteo, “Pigou’s Theory of Unemployment”

Discussant: Nahid Aslanbeigui

Money, Credit and Cycles

Room 202

Adrian de Leon-Arias, “Lessons from Myrdal’s Monetary Equilibrium”

Odille Lakomski-Laguerre, “Money, Credit and Cycles: views of Schumpeter and Hawtrey”

Muriel Dalpont-Legrand, “Equilibrium and the Business Cycle”

Discussant: Pedro Duarte

The Meanings of Competition


Nicola Giocoli, “Free from what? British economists and the defense of competition (1880 – 1920)”

Stefano Agnoletto, “When Entrepreneurial Theories meet Economic History.”

Discussant: David Andrews

10:00am – 10:30am

Coffee Break

10:30am – 11:45

Presidential Distinguished Lecture


Rakesh Khurana, (Harvard Business School)

The Past as Prologue: The Professionalization in American Business Education”

11:45am – 1:00pm


Young Scholars Lunch

Sorin’s – The Morris Inn

1:00pm – 3:00pm

Presidential Session

Economic Knowledge in the new Deal State

Room 100-104

Andrew Jewett, “The USDA and the Politics of Knowledge in the New Deal State”

Jessica Wang, “Local knowledge, state power, and the science of industrial labor relations: William

Leiserson, David Saposs, and American labor economics in the interwar years”

Tom Stapleford, “The constraints of knowledge: The demise of statist economic planning in the late New


Discussant: Jeff Biddle

Taxation and Public Finance

Room 210-214

Marianne Johnson, “American Academic Public Finance: the first 50 years”

Ajay Mehrota, “From Seligman to Shoup”

Discussant: David Andrews

Ricardians and Others on Banking

Room 200

Ghislain Delaplace, “Ricardo’s critique of Bentham’s French manuscript”

John Berdell, “Bentham and Banking”

Chris Depoortere, “An Unpublished Letter of David Ricardo on the Double Standard of Money”

Claire Silvant, “The Debate on free vs. regulated banking in mid-19th century French liberal thought”

Discussants: John Berdell, Joseph Persky

Adam Smith and Theology

Room 202

Joseph Blosser, “Adam Smith as Theologian”

Ross Emmett, “Man and Society in Adam Smith’s Natural Morality: The Impartial Spectator, the Man of

System, and the Invisible Hand”

Discussant: Paul Oslington

Roundtable on the Prospect of Writing the History of Paul Samuelson as Economist


Wade Hands

Michael Weinstein

Roy Weintraub

Perry Mehrling

3:00pm – 3:30pm

Coffee Break

3:30pm – 4:30pm

Maurice Allais

Room 100-104

Bertrand Munier, “On The Allaisian Origin of Kahneman and Tversky’s Risk Theory”

Christian Gomez, “Allais’ Monetary Theory”

Discussant: Nicola Giocoli

Can Foucault Illuminate Economics?

Room 210-214

Annie Cot, “Michel Foucault and the history of political economy: a reassessment”

Iara Lama & Marco Cavalieri, “A Foucauldian view of Veblen’s Institutionalism: non-teleology and the

interdiscursivity between economics and biology”

Discussant: Philip Mirowski

17th Century Debates

Room 200

Mauricio Coutinho, “Locke and the quantity theory of money”

Carlos Suprinyak, “Trade, Money, and the Grievances of the Commonwealth: economic debates in the English public sphere during the commercial crisis of the early 1620's”

Peter Rosner, “The simple world of the quantity theory and the difficulty to understand a monetary system”

Discussant: Maria Paganelli

German and Austrian Currents

Room 202

Harald Hageman, “Jacob Marschak’s German Period”

Yukihiro Ikeda, “Carl Menger and Adam Smith: Scottish Enlightenment Revisited”

Stephane Longuet, “Alfred Schutz and coordination”

Discussant: Maurice Lagueux



Ross Emmett, “Frank H. Knight on the ‘Entrepreneur Function’ in Modern Enterprise”

Arild Saether, “What happened to the Entrepreneur in Economics?”

Art Diamond, “Epistemology of Entrepreneurship”

Discussants: Douglas MacKenzie, Pete Boettke

4:45pm – 5:45pm

HES Presidential Address


Jerry Evensky (Syracuse),

What’s Wrong with Economics? It Ignores the Pogo Principle: ‘ we have met the enemy and he is us’”

6:30pm – 7:00pm


Irish Courtyard (Behind Morris Inn)

7:00pm – 10:00pm

Conference Awards and Banquet

Lower Level, McKenna Hall

Monday, June 20

8:30am – 10:30am

Value Re-evaluated

Room 100-104

Dave Harshad, “Value, as Revaluated”

Ed Noell “On the Impossibility of a Value-Free Economics: A Comparison of Austrian and Theonomic

Evaluations of Market Decision-Making”

Johnathan Andreas, “The Cardinalist Manifesto”

Gilles Campagnolo “Criticisms of Classical Political Economy: how utility theories made the difference”

Discussants: Joseph Persky, Wade Hands, Timothy Terrell

Ethics Impinges on Economists

Room 210-214

John Davis, “Kenneth Boulding as a Moral Scientist”

Douglas Meador, “An Historical Perspective on an Economist’s Understanding of Natural Law”

Amos Witztum, “Economic Methodology and the Conception of Economic Justice”

Discussant: Tim Leonard

Sowing Seeds of the History of Economics: Roundtable

Room 200

Ross Emmett

Tiago Mata

Perry Mehrling

Rob van Horn

Organizer: Avi Cohen

British Classical Political Economy and Method

Room 202

Shin Kubo “From J.-B. Say to D. Stewart and J. R. McCulloch: On the Scope and Method of Political


John Henderson "two travellers pursuing the same course on opposite banks of a river" John Stuart Mill,

Romantic Poetry and Classical Economics”

Maurice Lagueux, “Bentham and the Idea of Maximisation”

Discussant: Evelyn Forget

10:30am – 11:00am

Coffee Break

11:00am – 12:30pm

International Adam Smith Society

Room 100-104

Paul Oslington, “Adam Smith and the Future Hope”

Maria Paganelli, “The Scottish Enlightenment and Public Governance of the Economic System" 

Don Matthews, “When the private pursuit of self-interest causes harm, according to Adam Smith”

Discussants: Jeffrey Young, Cecilia Miller

Douglas and Coase at Chicago

Room 210-214

Jeff Biddle, “The Cobb-Douglas Regression: Douglas’s Cross Section Studies, 1936-1945”

Samuel Ferey “Coasean economics through Coase papers: some insights about Coase methodology”

Per Bylund, “Transaction Cost Theories of Economic Organization Dehomogenized: a Specialization-Based


Discussant: Steve Medema, Tom Stapleford

Ancient Themes

Room 200

Balbir Sihag, “Kautilya on Ethical Anchoring as Systemic Risk Management”

Dotan Leshem, “The Distinction between Economy and Politics in Aristotle's Thought”

Observation and Inference in Historical Perspective


Pedro Duarte & Kevin Hoover “Looking for the Observations for late 20th Century Macroeconomics”

Marcel Boumans “A History of the Treatment of Observational Errors”

Geoffrey Poitras, “Richard Price, Miracles, and the Origins of Bayesian Decision Theory”

Discussants: Tiago Mata, Annie Cot

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