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Issue-6 January 21, 2004

From the Editor

I hope everybody had a good Winter Holiday break.  In January I went to the ASSA meetings in Philadelphia and had a great time talking with old friends from around the world; and meeting some new people.  The sessions I went were interesting, the ASE breakfast and the AFEE luncheon in honor of Bill Dugger were nice, and the evening get togethers put on by AFEE, URPE, Economics Policy Institute, and Edward Elgar had a very good selection of nibblies and drinks—and then afterwards there was dinner.  Overeating and drinking are an occupational hazard when you attend the ASSA.

 There is one item of importance that emerged over the break—that is John Davis is stepping down as the editor of the Review of Social Economy in July 2005 I believe.  Consequently, a committee headed by Pat Welch ( has been formed to find a new editor.  Anybody interested in taking on the editorship of the Review of Social Economy, please contact Pat Welch.  In addition, John Harvey is stepping down as the Executive Director and Karl Petrick (Leeds Metropolitan) has been elected to replace him.

 Other interesting items in the Newsletter are the final call for papers for the Association for Heterodox Economics Conference, the announcement of new books from the Economic Policy Institute, the website of the Canadian association for heterodox economists—the Progressive economic Forum, some new economic journals, and the website of European newsletter for economic sociology.  The Newsletter contains lots of over interesting material—so take a look at it and see what heterodox economists are doing around the world.

 Fred S. Lee


In this issue:

- Call for Papers

            - Association for Social Economics
            - Annual A.S.S.A. Meetings, Boston, Massachusetts, January 5 – 8, 2006
            - Association for Heterodox Economics 7th Annual Conference 2005
            - 2005 CHORD Conference- Commercial Histories:
            - The Social Capital Foundation
            - 5th Latin American Colloquium of Political Economist

Conferences, Seminars and Lecture

           - Feminist Development Economics - diploma course
           - AFEE Summer School at Colorado State University

- Job Postings for Heterodox Economists

            - Gokhale Institute of Politics and Economics

- Heterodox Journals and Newspapers

          - INTERVENTION
          - Talking Economics Mailing December 2004
          - Storia del Pensiero Economico
          - History of Economics Review

- Heterodox Books and Book Series

           - Modern Theories of Money
           - Liberating Economics
           - New Books from EPI
           - Work and Labour in Canada: Critical Issues

- Heterodox Associations

             - Asociacion de Economia Critica
             - Progressive Economics Forum

- Heterodox Announcements


- Heterodox Websites

              - Friends of Business History
              - True Cost Economics



 Call for Papers

Association for Social Economics

General Theme: A New Deal for the New Economy.

For detailed information: EAEPE.pps

Annual A.S.S.A. Meetings, Boston, Massachusetts, January 5 – 8, 2006

THEME: Understanding Living Standards

The year 2006 marks the 100th anniversary of Monsignor John A. Ryan’s publication of A Living Wage: Its Ethical and Economic Aspects. Social economists such as Ryan have long fought for a decent standard of living, through paid work and welfare state supplements. Though best known for his advocacy of a living wage, Ryan has also argued for higher minimum wages, employee participation at work, reduced work hours, full employment policy, improved race relations, and other aspects of socioeconomic reform. The theme of papers for the 2006 meetings will be how economies across the globe come to understand what constitutes a living and how we can improve living standards, including balancing paid work with family life and civic responsibility. Possible sessions could include:

•An evaluation of the work of John A. Ryan and other social economists who address living standards
•Improved quantitative and qualitative measures of socioeconomic status and well-being
•The role of the public and private sectors in improving living standards
•Policy proposals to reduce work time, improve earnings, reduce inequality and discrimination, provide food and health security, enrich work life, alleviate underemployment, reconcile work and family, etc.

There will be an opening plenary session, seven other sessions, and a Presidential Address at the ASE breakfast by David George. Both members and nonmembers of the Association for Social Economics are invited to submit proposals. Also, anyone willing and able to organize a full session with three or four papers and discussants on an appropriate topic is encouraged to submit such a session for consideration.

A selection of papers presented at the sessions will be published in a forthcoming issue of the Forum for Social Economics. To be eligible for consideration, papers must be limited to 3,250 words of text with no more than three pages of endnotes and references. Three hard copies and one electronic copy of the final draft of the paper must be submitted to the Forum editor by January 20, 2006. Each paper will be sent to two referees.

Proposal Submission: A one-page abstract (including name, postal and e-mail address) should be submitted before the deadline of May 2, 2005. It is preferred that abstracts be sent by e-mail to

Deborah M. Figart
Dean of Graduate Studies and Professor of Economics
Richard Stockton College
P.O. Box 195, Jim Leeds Road
Pomona, NJ 08240-0195 USA

Association for Heterodox Economics 7th Annual Conference 2005

Pluralism in Economics

15 – 17 July, 2005
City University, London, UK

The raison d'être of the AHE is the belief that institutions of the discipline of economics systematically discriminate against those economists working in non-mainstream modes: those writing from a heterodox standpoint or active in minority areas. For this reason we argue for pluralism in economics, in opposition to the dead hand of the currently hegemonic neoclassical mainstream.

The Seventh Annual Conference will continue this tradition and build on the success of the previous conferences, held at various locations in the British Isles, including London, Dublin, Leeds and Nottingham. Papers from a plurality of perspectives and topic areas are encouraged. These conferences provide a forum for advancing new ideas on how to take heterodox political economy forward in theoretical and policy debates, and demonstrate the continuing relevance of heterodox political economy to those within and without modern economics.

In particular, we encourage the submission of abstracts of papers, or proposals for a session or stream of sessions, which

–examine issues or deploy approaches neglected by the current orthodoxy;
–develop the critique of the neoclassical orthodoxy, or even – since we advocate pluralism – propose a defence of neoclassicism against heterodox critics;
–assess the contribution of one or more heterodox approaches towards opening up economics;
–open up a dialogue between economics and related social sciences by going beyond the traditional, narrow academic boundaries that define social science disciplines today; or
–make a contribution to the scholarship of teaching and learning in economics from a heterodox or pluralist perspective.

The AHE proposes to publish a selection of the best papers presented at the conference in a special volume of the book series Advances in Heterodox Economics, edited by Professor Frederic S. Lee.

Deadline for submission:
The conference will have both a thematic part and an open part. The AHE is happy to consider papers of both types; however, priority will be given to papers addressing the conference theme, “Pluralism in Economics”.

For single papers, please send an abstract of up to 500 words by email only to the local organiser, Andy Denis (, AND the AHE coordinator, Andrew Mearman (,by 28 January 2005. Text, HTML, Word and PDF format email attachments are acceptable.

For proposals for sessions and streams, please e-mail Andy Denis and Andrew Mearman. Please indicate exactly what you are proposing, give the names and email addresses of the proposed speakers, and attach the abstracts (not more than 500 words each) for their papers. Parallel sessions will be 90 minutes long and will consist of two papers. Sessions may have a discussant for each paper. The conference is to be conducted in English.

All abstracts will be considered by the AHE Committee

To see details of previous meetings, or keep up-to-date with the 2005 conference and other AHE activities please visit:

2005 CHORD Conference- Commercial Histories:
Perspectives on Retailing and Distribution History
A conference to be held at:
the University of Wolverhampton, UK
14-15 September 2005
CHORD (the Centre for the History of Retailing and Distribution) invites proposals for individual papers and for sessions of two or more papers, exploring all aspects of the history of retailing and distribution.
Individual papers should be 20 minutes in length. Proposals for workshop or round-table sessions are welcome, as well as for more formal sessions.

Papers from all disciplinary perspectives, historical periods and geographical areas are welcome. Topics that might be considered include (although none are excluded!):
- Retailing, distribution and the family
- International links of distribution
- Commerce, conflict and protest
- Alternatives to capitalism and the free market
- Geographies of retailing and distribution
- Gifts, commodities and exchanges
- Migration and commerce
- Shopping, retailing and leisure
- Commerce and fashion
The conference web-pages can be found at:
CHORd web-pages:
The dead-line for proposals (including title and c.200 words abstract) is 18 March 2005. For any further information, please contact the address below. Proposals should be sent (preferably electronically) to: Dr. Laura Ugolini, HAGRI/HLSS, MC233, MC Building, University of Wolverhampton, Wolverhampton, WV1 1SB. E-mail:

July, 7-8, 2005 Bilbao (Spain)

The Department of Applied Economics V of the University of the Basque Country (Spain) and the Center for Economic and Public Policy of the University of Cambridge (United Kingdom) are organizing the International Conference “Developments in Economic Theory and Policy”. The Conference will be held in Bilbao (Spain), from 7th to 8th of July 2004, at the Faculty of Economics and Business of the University of the Basque Country.

Papers are invited on all areas of economics. Papers must be written in English. Accepted papers will be grouped in sessions. Every session will comprise three papers.

Suggestions for ‘Organized Sessions’ are also welcomed. An organized session is one that has been constructed in its entirety by a session organizer and submitted to the Conference Organizer as a complete package (title of the session, papers and session chair).

The final deadline to submit papers and ‘organized sessions’ is 31st May 2005. The Conference Committee will review and select papers and sessions submitted for the Conference. Acceptance letters will be sent out by e-mail by 10th June 2005.

For more information, you can get in touch with Jesus Ferreiro ( or with Carlos Rodriguez (, or visit the web page of the Conference:

The Social Capital Foundation

The Social Capital Foundation invites all interested persons or organizations to present a paper to one or both of its upcoming international, interdisciplinary conferences that will be held respectively on September 21-22, 2005 and September 23-24, 2005 in the beautiful island of Malta.

Topics of interest include, but are not limited to:

Conference on Social Capital, 21-22 September, 2005:

1. Definition of Social Capital,
2. Importance of Social Capital,
3. Social Capital and Social Cohesion,
4. Social Networks,
5. Social Capital and Mental Health,
6. Individualism and Collectivism,
7. Measurement of Social Capital,
8. Applications of Social Capital,
9. Community and Diversity.

Conference on Economy and Community, 23-24 September, 2005:
1. Neoliberal Economics and compatibility economy-society,
2. Survival or Dismantlement of Rhineland Capitalism,
3 Decline of the Middle-Class Economy,
4. Social Restratification and the Share of Wealth,
5. The Future of Employment,
6. Poverty and Social Exclusion Issues,
7. Impact of the Euro on the European Economic Health,
8. Compared US-EU Monetary Strategies,
9. Economic Future of the European Union.

Paper proposals may take the form of a detailed abstract (1page long).

To have more information on either conference, please use the links below:

TSCF international conferences

Registration Info

Address where to send a paper
< >

5th Latin American Colloquium of Political Economists

The Actual Path of Latin American Capitalism October 27-29, 2005

The Mexican Organizer Committee of the 5th Latin American Colloquium of Political Economists, with the support of the Sociedad Brasileña de Economía Política and the Economistas de Izquierda of Argentina, invite you to summit papers which can contribute to the understanding of capitalism today.

The Colloquium will take place in the Facultad de Economía and the Instituto de Investigaciones Económicas of the Universidad Nacional Autónoma de México (UNAM) in Mexico City according to these deadlines:

Papers are preferred on the following main topics:

1. Heterodox theoretical developments

2. The actual situation of the working class and the new capital-labour contradictions

3. The transformations of production in capitalism.

4. Transformations and tendencies of the financial system

5. The consequences of the fall of the so-called real socialism.

The Organizer Committee:

Benemerita Universidad Autónoma de Puebla:

Blanca Avendaño:

Universidad Autónoma de Chapingo:

Víctor Palacio

Universidad Autónoma Metropolitana:

Abelardo Mariña (Azcapozalco):;

Mario Robles (Xochimilco):

Universidad Nacional Autónoma de México,

Facultad de Economía:

Vicente Lima

Teresa Rendón:,

Cesar Sánchez: cesarsan",

Raúl Urbán and

Alejandro Valle:

Instituto de Investigaciones Económicas:

Carlos Morera:

Universidad Autónoma de Sinaloa:

Carlos Maya: .

Independent economist: Gloria Martínez:


Conferences, Seminars and Lectures

Feminist Development Economics - diploma course

The Institute of Social Studies is accepting applications for a six-week post-graduate diploma programme “Feminist Development Economics” The course will take place in The Hague, the Netherlands from the 26th May to the 8th of July 2005. This is a six-week intensive course. Participants will develop a feminist development economic analysis that complements neoclassical theory and strengthens post-Keynesian, Marxian and institutional economic theories. After an introduction into feminist economic methodology, which introduces gender into economics, the programme will focus on major topics in micro-and macroeconomics, including quantitative analyses in computer labs.

Invited speakers include Professor Diane Elson. Tuition fees €2,200.00
plus living costs, with affordable student accommodation available.

For more information please contact the course convenor Dr Irene van
Staveren staveren[Marker] or visit [



Organised by the Centre for Research in Institutional Economics,
University of Hertfordshire, UK.

Speakers: Ha-Joon Chang (University of Cambridge), Barbara Harriss-White (University of Oxford), Geoffrey Hodgson (University of Hertfordshire), Ugo Pagano (University of Siena), Eric Reinert (Tallin University of Technology), and Allan Schmid (Michigan State University.

22-24 June 2005

This residential workshop will be held at the Conference Centre on the new De Havilland campus of the University of Hertfordshire, in Hatfield, England.

This workshop is designed to provide in-depth discussion of cutting-edge issues in institutional economics, in a forum that permits the attention to detail and definition that is often lacking in larger, conference-style events. The expected maximum number of participants is 50. Please book early to avoid disappointment.

The De Havilland Campus of the University of Hertfordshire is about one mile from Hatfield railway station. There are regular trains from Hatfield to London Kings Cross, taking about 20 minutes. There is easy access to all London airports.





14.30 Registration and Reception
16.00 Opening and Welcome
16.15-18.00 Session 1: Eric Reinert (Tallinn University of Technology) “Development Strategy in Historical Perspective”

09.00-10.45 Session 2: Allan Schmid (Michigan State University) “Institutionalist Perspectives on Economic Development”
11.15-13.00 Session 3: Geoffrey Hodgson (University of Hertfordshire) “Disruption, Democracy and Economic Development:”
14.00-15.45 Session 4: Ugo Pagano (University of Siena). To be confirmed.
16.15-18.00 Session 5: Barbara Harriss-White (University of Oxford) “Institutions in India's Socially Regulated Economy”

09.00-10.45 Session 6: Ha-Joon Chang (University of Cambridge) “An Institutionalist Critique of Neo-Liberal Development Policy”
11.15-13.00 Session 7: Round Table Discussion with Ha-Joon Chang, Barbara Harriss-White, Geoffrey Hodgson, Ugo Pagano, Eric Reinert, and Allan Schmid.

13.00 Lunch and End of Workshop


Attendance, accommodation (single bedroom) and all meals and refreshments from 16.00 on 22 June to 14.00 on 24 June 330 GBP

For a limited number of people on low incomes and without any other financial support, these costs will be reduced to the following:
Attendance, accommodation (shared bedroom) and all meals and refreshments from 16.00 on 22 June to 14.00 on 24 June 150 GBP

Attendance and refreshments from 16.00 on 30 June to 14.00 on 2 July 100 GBP


Residential prices include accommodation breakfast, lunch, dinner, tea and coffee. Non-residential prices do not include meals. In the event of cancelled attendance, a 30GBP administration charge will be deducted from any refunds.

Payment must be received before a booking can be secured.

No reduced fees are available for part attendance at the workshop.

Those wishing to apply for low-income rates should send a letter or email to Geoff Hodgson ( mailing address below). You should explain your financial circumstances and confirm that there is no possibility of adequate financial support from your own institution. This information will be treated in the strictest confidence.

The Standard Rate applies to members of, and students at, the University of Hertfordshire, who are advised to claim these expenses from their own departmental account.


To reserve a place on the workshop, please send a cheque, international money order, or full credit card details, for the full amount required in Sterling, plus a completed application (see below) to:

CRIE Workshop Administrator <> , Room R312, University of Hertfordshire, De Havilland Campus, Hatfield, Hertfordshire AL10 9AB, UK

Reduced rate applications for those on low incomes require prior approval from Geoff Hodgson (see COSTS above).

Cheques should be made payable to “University of Hertfordshire”.

The cheque should be sent to the CRIE Workshop Administrator (see above) accompanied with a letter with the following information:
Your surname:
Your first name(s):
Your institution:
Your email address:
Your preferred mailing address:
Your telephone number(s):
Your fax number:
Your dietary limitations or preferences:
Indicate whether you wish to be resident or non-resident.


I hope very much that you will be able to participate in this event.

Geoff Hodgson
Research Professor
The Business School, University of Hertfordshire, De Havilland Campus, Hatfield, Hertfordshire AL10 9AB, UK

AFEE Summer School at Colorado State University

The Association for Evolutionary Economics (AFEE) and the Department of Economics at Colorado State University Fort Collins, Colorado, USA. are pleased to host the International Summer School on Institutional Economics with the theme:

“Institutional Economics in the 21st Century”
Date: August 10-14, 2005


The Association for Evolutionary Economics (AFEE) and the Department of Economics at Colorado State University are inviting students to apply to attend the Summer School program on Institutional Economics at Colorado State University, Fort Collins, Colorado, USA.

The Summer School will provide a rigorous training in both the theoretical and applied aspects of Institutional economic theory. It will also deal with the challenges that Institutional Economics face in the turn of the new century. Students will have the opportunity to interact with Faculty during the school sessions and in informal gatherings planned during the workshop. Plurality, debate and interaction will be the essential ingredients of the Summer School.

The program is being organized by Professors Ronnie Phillips and John Marangos at Colorado State University and the AFEE Graduate Education Committee.
Admission is open to graduate students and recent Ph.D.'s.
AFEE has offered to provide a number of scholarships that will cover student fees and room and board. A very limited number of competitive travel stipends will be offered on the basis of merit and need. They will cover only a portion of the costs of travel to and from the workshop.

Summer School Application Procedure:

Applicants should send as an email attachment to Professor John Marangos with the following material

1) Curriculum Vitae

2) A maximum 2-page statement of why you would like to attend the Summer School. Please indicate your familiarity with heterodox and Institutional Economics.
A committee will screen all applicants and notify participants no later than April 1.


Email materials to:

Dr. John Marangos

Associate Professor
Department of Economics
Colorado State University
1771 Campus Delivery
Fort Collins, CO 80523-1771

Ph: (970) 491-6657
Fax: (970) 491-2925

For detailed information: afeess.pdf


Job Postings for Heterodox Economists

Gokhale Institute of Politics and Economics

Gokhale Institute of Politics and Economics (Deemed to be a University), which is one of the premier institutions of research and graduate teaching in India, invites applications for the positions of Lecturers, Readers and Professors in any area of economics. The Institute is heterodox friendly. Send your cv with two letters of recommendation latest by February 15, 2005 to Prof. Ajit Sinha, Director, Gokhale Institute of Politics and Economics, BMCC Road, Pune 411004, India (e-mail: For details visit our web site at:


Heterodox Journals and Newspapers

Dear colleagues,
In March 2004, the premier issue of „INTERVENTION. Journal of Economics“ was published. Now the second issue of our German-English journal is available.
INTERVENTION sees itself as a forum for heterodox approaches in economic theory and policy. The aims are mutual exchange and the discussion of different perspectives from different economic schools off the economic mainstream. The next issues will come out on a half-yearly basis in March/April and October/November, respectively. The contributions in the “Articles” section of the current issue are dedicated to questions of fiscal policy. The authors are Philip Arestis/ Malcolm Sawyer, Joerg Bibow, Jochen Hartwig, and Waltraud Schelkle. Additionally, the issue includes in its “Forum” section contributions on local finances, demographic developments, offshoring/re-shoring, all referring to developments in Germany. Also included is a contribution on EU tax competition and an interview with Kurt W. Rothschild. The Interview and abstracts of all articles may be downloaded at There you can also find further information on the journal as well as subscription
We would be very grateful if you would consider supporting INTERVENTION by starting a subscription. Also, please tell friends and colleagues about this new journal, and suggest a subscription to a librarian at
your institution.
With kind regards,
Sabine Reiner
for the Managing Editors
INTERVENTION. Zeitschrift für Ökonomie
c/o Prof. Ralf Blendowske
Fachhochschule Darmstadt
Schöfferstraße 3
64295 Darmstadt

Talking Economics Mailing December 2004

The last Talking Economics mailing of this year touches on a tinderbox theme in global finance, the destiny of the dollar, and also introduces developments on several fronts in the Talking Economics Project as well as giving notice of next year's events.

1)The Destiny of the Dollar.
2)Introducing Talking Economics Monthly.
3)The Colours of Money Seminar - January and March.
4)Talking Economics Evenings next year.
5)Economics of Farming - Stroud, UK, April 2005.
6)The Talking Economics Exchange.

1)The Destiny of the Dollar:
On November 23rd the Boston Herald reported on a shocking statement made by Stephen Roach, the chief economist for investment banking giant Morgan Stanley.
"Roach met selected groups of fund managers downtown last week, including a group at Fidelity. His prediction: America has no better than a 10 per cent chance of avoiding economic "Armageddon." Press were not allowed into the meetings. But the Herald has obtained a copy of Roach's presentation. A stunned source who was at one meeting said, "it struck me how extreme he was much more, it seemed to me, than in public."
Such statements are symptomatic of worldwide concern about the current predicament of the US dollar and thus the world's economy.A wide range of commentators have been giving voice to the increasingly commonly held perception that the structural problems facing the dollar can now no longer be swept under the carpet. An e2 reportage this month, entitled 'The China Dollar', brings some of these view points together and analyses the China- dependency of the worlds' 'global' currency. The January edition of Talking Economics Monthly continues this theme by considering what is meant by global currency in the 21st century and by attempting to show that the 'cornerstone concept' of a lead or key currency is now an anachronism. The economic 'Armageddon'that Roach and others so dramatically invite, is surely only a symptom that of the fact that current economic thinking is inadequate to master events. Perhaps what is needed is not doom-laden evocation but concrete measures based on a real understanding of how a global economy is constituted. The aforementioned reportage concludes with the following question:
'Instead of rival countries or regions, can the world economy not be conceived as an organism? If it were, the chances are that we would find ourselves unfolding imagery that is true to the nature of a single global economy. Afterall, in economic life the guiding imagery is all important.
We make the world in its likeness.

2)From January 05, it will be possible to subscribe to Talking Economics
Monthly, a new publication that consists of news, views, reports, analysis and comment from an associative perspective, and continues the 25 year tradition of e2, the Journal of Associative Economics, and New Economy before it, in bringing a shift in the language of economics such that the condition of global economy, in which 21st century humnaity finds itself, can be better understood. An introduction to the Talking Economics Project as a whole and a sample front page edition of Talking Economics Monthly is available at and will be sent as an attachment in a a separate e-mail. The electronic version is available for £12.00 per annum (25 USD / 20 EUR), the hard-copy costs £17.50 per annum, inclusive of mailing (35 USD / 30 EUR).Subscription is available online at This free mailing will continue to provide updates and some extracts from the full edition.

3)The Colours of Money Seminar in January (14th-16th) is now fully booked, with a couple of places subject to confirmation, so check with me if you would like to attend. The next Colours of Money event will take place on 18th-20th March 2005, please book early if you want to be sure of a place.

4)Talking Economics Evenings in London will be as follows:

•Thursday 13 January, 2005
A Pound for the World
Exploring a path between the dollar and the euro

•Thursday 10 February, 2005
Weightless Economics
Financing the knowledge economy

•Thursday 17 March, 2005
Taxation or Donation
Conscious giving – a task for the 21st century

Time: 7.30 - 9.00p.m. / Cost: £3.50 / Venue: Rudolf Steiner House, 35 Park Road NW1 6XT (Baker St. Tube) 0207 723 4400

5)'The Economics of Farming' is a two day event consisting of an evening lecture and a daytime seminar. It is led by Christopher Houghton Budd and takes place on 15th/16th April 2005 in Stroud, Gloucestershire. Themes will include: the farmer between nature and credit, land ownership, true
pricing. More details will follow in the new year or can be found on the Talking Economics website.

6)Another new development in the Talking Economics Project is the Talking Economics Exchange, an ongoing virtual conversation that exists to facilitate communication on all things economic. This is an ideal forum for clarifying questions that arise in connection with the monthly conversation evenings. It is presently hosted by Yahoo Groups and can be accessed from the website:; in order to participate one needs to sign up with Yahoo (a straightforward and free 2 minute process). As a moderated exchange there will be no danger of flooding or off-message postings.

The Centre for Associative Economics, Forge House, The Green, Chartham, Canterbury, CT4 7JW, 01227 738207

The associative approach to economics is based on the idea that economic life is the shared responsibility of every human being. Talking Economics is about making this responsibility conscious and finding ways to give it effect.

Please see attached:  talking1.pdf  and talking2.pdf

History of Economics Review

Announcing the publication of the 188-page issue 40 of History of Economics Review, Summer 2004. This is the twice-yearly publication of the History of Economic Thought Society of Australia, available to individuals for US$30 per annum (single issues are $15, post paid). Orders/inquiries to William Coleman, Chief Executive Officer, HETSA, School of Economics, Australian National University, Canberra ACT 0200, Australia. Or visit our website:

Contents of History of Economics Review 40:

‘Back to the Roots’ of Alfred Marshall’s Industrial Organisation Analysis Michel Dimou, pp. 1-18.

A Metatheoretical Assessment of the Decline of Scholastic Economics S. Drakopoulos and G N. Gotsis, pp. 19-45.

Schools, Styles and Trends in Italian Economic Thought Riccardo Faucci, pp. 46-58.

Natura Non Facit Saltum in Alfred Marshall (and Charles Darwin) Geoffrey Fishburn, pp. 59-68.

Jevons’s One Great Disciple: Wicksteed and the Jevonian Revolution in the Second Generation Paul Flatau, pp. 69-107.

Williamson’s Back Door: Transactions Costs and the Efficient Firm Craig Freedman, pp. 108-17.

Ben Higgins in Melbourne Murray C. Kemp, pp. 118-20.

The Irreducibly Social Self in Classical Economy: Adam Smith and Thomas Chalmers Meet G.H. Mead David Wilson and William Dixon, pp. 121-36.

Controversy on Adam Smith
The Role of Teleology in Adam Smith’s Wealth of Nations:

A Belated Comment on Kleer James E. Alvey, pp. 137-44.

Smith on Teleology: A Reply to Alvey Richard Kleer, pp. 145-9.

Adam Smith on Teleology and the Stationary State: A Rejoinder James E. Alvey, pp. 150-1.
One Hundred Years From Today

Thorstein Veblen’s Theory of Business Enterprise Tony Endres, pp. 152-6.

Book Reviews

The Status of Women in Classical Economics Therese Jefferson, pp. 157-9.

Economists in Discussion J.E. King, pp. 160-4.

The Theory of Economic Growth Marc Lavoie, pp. 164-7.

Marx’s Capital Anitra Nelson, pp. 168-9.

HETSA Conference 2004: Programme, pp. 170-1.

HETSA Conference 2004: Abstracts, pp. 172-83.

Communications, pp. 184-5.

Editor’s Corner, p.186.

HETSA Prizes 2004-2005, p. 187.

HETSA Conference 2005: Call for Papers, p. 188.

Storia del Pensiero Economico
A new Journal on the history of economic thought – Storia del Pensiero Economico – has just started its publications.
Attached is  the table of contents of the first two issues: as you will note most of the articles are in English and each one is indexed according to the JEL classification system and listed on EconLit. It goes without saying that we would very much appreciate any possible contribution (both in terms of submissions and subscriptions) from you and any other colleagues that you might know to be interested.
Pier Francesco Asso (Università di Palermo)
Luca Fiorito (Università di Palermo)
Managing editors
The Journal website is:

Please see attached: HET1.doc and HET2.doc


Heterodox Books and Book Series

Modern Theories of Money: The Nature and Role of Money in Capitalist Economies

Edited By L. P. Rochon and S. Rossi

Please see the website:

Liberating Economics
Feminist Perspectives on Families, Work, and Globalization by Drucilla K. Barker and Susan F. Feiner—see attachment

New Books from Economic Policy Institute (EPI)

The State of Working America 2004/2005

Lawrence Mishel, Jared Bernstein, and Sylvia Allegretto

Prepared biennially since 1988, EPI's flagship publication gives a comprehensive overview of the American workplace, presenting a wide variety of data on family incomes, taxes, wages, unemployment, wealth, and poverty—data that enables the book's authors to closely examine the impact of the economy on the living standards of the American people. --> More Information

Praise for previous editions-
"The State of Working America has become a fixture on the bookshelves of policy makers and analysts." - Chicago Tribune

"No other publications in America is as valuable in assessing what's happening to working men and women." - John J. Sweeney

"The altimate authority on what the American economy means to ordinary Americans."
-Kevin Phillips, author of Wealth and Democracy

Read an excerpt
Read the news release (PDF)
Visit to read The State of Working America fact sheets

Worker's Skills and Job Requirements
Is There a Mismatch?
Stephen Handel

Worker's Skills and Job Requirements provides background and an overview of the skills mismatch issue. It takes a closer look at the currently available data used to research this issue and comes to the conclusion that the very existence of a skills mismatch or shortage may be in doubt and is by no means as obvious as often asserted.

Health Insurance Coverage in Retirement
Christian Weller, Jeffrey Wenger, and Elise Gould

In recent years, the skyrocketing costs of medical care caused many employers to reduce or eliminate health insurance to retirees. This study examines the current data that raise serious concerns about the future retirement security of the elderly and near-elderly.

Read an excerpt
Read the news release (PDF)

Smart Money
Education & Economic Development
William Schweke

The evidence reviewed in Smart Money: Education and Economic Development demonstrates that without high-quality school systems or a pool of skilled workers, communities will have a difficult time becoming centers for high-value economic activity.

Read an excerpt
Read the news release (PDF)

To order books:  EPINET BOOKSTORE

Work and Labour in Canada: Critical Issues
by Andrew Jackson

This original and timely book focuses on critical issues surrounding work and labour in Canada. It is an ideal text for sociology of work courses, which often integrate labour, industry, and the global economy from a Canadian perspective. This book will also be relevant to a wide range of courses in Labour Studies and Industrial Relations programs across Canada. Outside of the academy, policy makers and labour activists will be keenly interested in this new book.

The thesis is change. Work and Labour in Canada examines changes in the labour market, and in workplaces, with a strong empirical component based upon recent Statistics Canada data. The chapters are tailored to an undergraduate audience. They are masterfully written from a labour perspective - that is, concerned with the impacts of changes on workers - but also written on the basis of empirical evidence with supporting summaries of the academic research literature.


Heterodox Associations

Asociacion de Economia Critica (Association of Critical Economics)

Its website is and it publishes a heterodox economics journal, Revista de Economia Critica (Review of Critical Economics)

Progressive Economics Forum

The Canadian association for heterodox economists—its website is

Heterodox Announcements


I am delighted to announce that Karl Petrick of Leeds Metropolitan University was elected Executive Director of ICAPE, effective immediately. Many thanks to him for taking on this job and being our first non-North America based director! If you would like to contact him his e-mail is (don’t give him too much beyond congratulations at the moment, however, as we are still working on moving the "seat of power" over the Atlantic!).

Congratulations and good luck Karl!

John T. Harvey
Professor of Economics
Department of Economics
Texas Christian University
Fort Worth, TX 76129
(817)257-7230  office
(817)924-9016  home


Heterodox Websites

Friends of Business History:

Friends of Business History carries a listing of mainstream, heterodox, business history, labor history, etc. etc. conferences—far more than this newsletter covers.

True Cost Economics:

Apparently a radical ecological orientation towards economics.