“One will make of political economy... what the scholastics have done with philosophy”: Henry Lloyd and the Mathematization of Economics

Reinert, Sophus A.

doi:10.1215/00182702-2007-035

Cited by 3 publications

(2 citation statements)

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“…10. On the use of mathematical instruments in eighteenth-century Italian economic thought, see Bianchini 1982, Theocharis 1983, Hutchison 1988, Tubaro 2000, and Reinert 2007 The problem of a moderate use of mathematics is the topic of the third essay in the second volume of Fuoco's Saggi, "Teoria de' limiti applicata all'economia politica," in which the influence of Canard's terminology is considerable. Canard, according to Fuoco (1827a, 79), "did not exceed the limits set for the useful and discrete application of algebra; he has given algebraic formulas that present no complications, no obscurities, and much less impossibility of calculation.…”

Section: Deductive Methodology and Analytical Political Economymentioning

confidence: 99%

The Legacy of Mathématique Sociale in Italy and Ricardian Economics: The Case of Francesco Fuoco

Patalano¹

2015

History of Political Economy

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This article discusses the contribution made by Francesco Fuoco (1774–1841) to the methodological debate in the early nineteenth century. In opposition to Say’s view, Fuoco defended the validity of the deductive method in economic analysis, upholding the mathématique sociale tradition. This perspective characterizes his main work, Saggi economici (1825–27), in which he expounded a systematic view of economic theory and synthesized, within the framework of deductive methodology, a typical subjectivist theory of value, drawn from Condillac, with the new Ricardian theory of distribution. As he engaged in defense of the deductive nature of economic analysis, Fuoco found confirmation of the validity of the mathématique sociale tradition in the Ricardian “new theory” of rent. In this analytical context, Fuoco’s original contribution lay in the importance that he assigned to the money function in the capitalist economy.

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Section: Deductive Methodology and Analytical Political Economymentioning

confidence: 99%

The Legacy of Mathématique Sociale in Italy and Ricardian Economics: The Case of Francesco Fuoco

Patalano¹

2015

History of Political Economy

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“…Free trade, especially in staple food (whether this should be admitted and defended or should be conceived as inimical to the interests of the State). 6 Sraffa (1931), Venturi (1978) and Reinert (2007). 7 Bianchini (2002) offers one of the best treatments of the pervasive influence of the spirit of empirical science on Political Economy in Italy through the modern age.…”

Section: Introductionmentioning

confidence: 99%