Sixteen Questions for Fine and Milonakis

In: Historical Materialism
Author: J.E. King 1
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  • 1 School of Economics, La Trobe University

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Abstract

While I am in broad agreement with the main thrust of Fine’s and Milonakis’s argument, I pose sixteen questions for them. The first ten questions relate to the history of economic thought (Ricardo, Marxian economics after Marx, institutionalism in Britain); substantive issues of economic theory (their neglect of macroeconomics); methodological and philosophical matters (induction and deduction, positivism, internal and external sources of paradigm change); and the other social sciences (political science, the origins of sociology). I conclude by asking six questions about the ‘old’ and ‘new’ economics imperialism, the prospects for mainstream economics, and the precise nature of the political-economy alternative that Fine and Milonakis propose. Is it simply Marxian political economy in disguise?

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  • 1.

    Cited as Milonakis and Fine 2009.

  • 2.

    Cited as Fine and Milonakis 2009.

  • 3.

    Fine and Milonakis 2009, Chapter 9.

  • 4.

    See Milonakis and Fine 2009, Chapters 2 and 4, in general, and Milonakis and Fine 2009, pp. 36 and 69, in particular.

  • 5.

    Fine and Milonakis 2009, p. 51, emphasis added.

  • 6.

    Schumpeter 1999, p. 473.

  • 7.

    Milonakis and Fine 2009, p. 57.

  • 8.

    For example, Milonakis and Fine 2009, p. 23.

  • 9.

    Sweezy 1968.

  • 10.

    Meek 1973.

  • 11.

    Dobb 1973.

  • 13.

    Albritton 1986.

  • 14.

    Milonakis and Fine 2009, p. 183.

  • 15.

    Milonakis and Fine 2009, pp. 138–9.

  • 16.

    Mehrling and Sandilands (eds.) 1999.

  • 17.

    Milonakis and Fine 2009, Chapter 8.

  • 18.

    Kaufman 2004.

  • 19.

    Milonakis and Fine 2009, Chapter 14, part of which deals with the postwar triumph of Walrasian general equilibrium theory; Fine and Milonakis 2009, pp. 162–3.

  • 20.

    O’Donnell 1989.

  • 21.

    Keynes 1982, p. 81.

  • 22.

    Rogers 2006.

  • 23.

    Jefferson and King 2011.

  • 24.

    Fine and Milonakis 2009, p. 163.

  • 26.

    Lee 1998.

  • 27.

    Milonakis and Fine 2009, p. 78.

  • 28.

    Milonakis and Fine 2009, p. 98.

  • 29.

    Milonakis and Fine 2009, p. 101.

  • 30.

    Milonakis and Fine 2009, p. 244.

  • 31.

    Milonakis and Fine 2009, p. 28; see also Milonakis and Fine 2009, p. 15.

  • 32.

    Milonakis and Fine 2009, p. 38.

  • 33.

    Milonakis and Fine 2009, p. 73.

  • 34.

    Milonakis and Fine 2009, p. 69; emphasis in original.

  • 35.

    Milonakis and Fine 2009, p. 260.

  • 36.

    Hutchison 1938, not 1960, as Fine and Milonakis suggest (Milonakis and Fine 2009, p. 232). This is the date of the Kelley reprint. Hutchison’s book is very much the product of the 1930s, and comes from the same stable as A.J. Ayer’s famous Language, Truth and Logic (Ayer 1936).

  • 38.

    Milonakis and Fine 2009, p. 232.

  • 39.

    Milonakis and Fine 2009, pp. 236–7.

  • 40.

    Milonakis and Fine 2009, p. 237.

  • 41.

    Milonakis and Fine 2009, p. 260.

  • 42.

    Fine and Milonakis 2009, p. 52.

  • 43.

    Milonakis and Fine 2009, pp. 277–81.

  • 44.

    Fine and Milonakis 2009, p. 81.

  • 45.

    For example, Fine and Milonakis 2009, p. 81.

  • 46.

    For example, Milonakis and Fine 2009, p. 280.

  • 47.

    Hands 2001.

  • 48.

    Marx 1961, p. 15; see also King 1979.

  • 49.

    Stigler 1965, p. 22.

  • 50.

    Milonakis and Fine 2009, pp. 113–14; the quasi-socialist Walras would have to be excluded from this assessment.

  • 51.

    Milonakis and Fine 2009, pp. 189–91, 306.

  • 52.

    Fine and Milonakis 2009, pp. 61, 141, 144.

  • 53.

    Milonakis and Fine 2009, p. 272.

  • 54.

    Milonakis and Fine 2009, p. 303; see also Fine and Milonakis 2009, p. 60.

  • 55.

    Fine and Milonakis 2009, p. 138.

  • 57.

    Fine and Milonakis 2009, p. 146.

  • 58.

    Fine and Milonakis 2009, p. 142.

  • 59.

    Fine and Milonakis 2009, pp. 139–40.

  • 60.

    Fine and Milonakis 2009, pp. 23, 33–3, 49, 174–5.

  • 61.

    Strange 1986.

  • 62.

    Strange 1998.

  • 63.

    Martin 1999; see Fine and Milonakis 2009, pp. 70–2.

  • 64.

    Backhouse and Fontaine (eds.) 2010.

  • 65.

    Milonakis and Fine 2009, p. 109.

  • 66.

    Milonakis and Fine 2009, p. 160.

  • 67.

    Milonakis and Fine 2009, p. 220; see also Milonakis and Fine 2009, pp. 238–43, and Fine and Milonakis 2009, pp. 22–4.

  • 68.

    Giddens 1986, p. 8; emphasis in original.

  • 69.

    Swingewood 2000, p. viii.

  • 70.

    Swingewood 2000, pp. 21, 33, 41.

  • 71.

    Milonakis and Fine 2009, p. 225.

  • 72.

    Fine and Milonakis 2009, p. 110.

  • 73.

    Fine and Milonakis 2009, p. 123.

  • 74.

    Fine and Milonakis 2009, pp. 84, 166.

  • 75.

    Fine and Milonakis 2009, pp. 117, 125.

  • 76.

    Fine and Milonakis 2009, p. 153.

  • 77.

    Fine and Milonakis 2009, p. 12; see also Fine and Milonakis 2009, pp. 119–20.

  • 78.

    Fine and Milonakis 2009, p. 117.

  • 79.

    Fine and Milonakis 2009, p. 118.

  • 80.

    Fine and Milonakis 2009, p. 110; emphasis in original.

  • 81.

    Fine and Milonakis 2009, p. 66.

  • 82.

    See Fine and Milonakis 2009, pp. 135, 158, on the inherent limits to the success of economics imperialism, and Fine and Milonakis 2009, pp. 92, 116, 122, for some rather hesitant conclusions on the prospects for reverse imperialism.

  • 83.

    Fullbrook (ed.) 2003.

  • 84.

    Blaug 1998.

  • 85.

    Milonakis and Fine 2009, p. 303.

  • 86.

    Blanchard 2008, pp. 8–9.

  • 87.

    Tcherneva 2008.

  • 88.

    Rogers 2006.

  • 89.

    Dow 2000, pp. 159–60.

  • 90.

    Fine and Milonakis 2009, pp. 167–8.

  • 91.

    Davis 2008.

  • 92.

    Fine and Milonakis 2009, p. 151.

  • 93.

    Fine and Milonakis 2009, p. 169.

  • 94.

    For example Fine and Milonakis 2009, p. 122, where there are two.

  • 95.

    Fine and Milonakis 2009, pp. 162, 166.

  • 96.

    Fine and Milonakis 2009, p. 162.

  • 97.

    Fine and Milonakis 2009, p. 172.

  • 99.

    Milonakis and Fine 2009, p. 160.

  • 100.

    Milonakis and Fine 2009, p. 225.

  • 101.

    Fine and Milonakis 2009, pp. 166–7.

  • 102.

    See Howard and King 2008, Chapters 1–2, for an elaboration.

  • 103.

    Fine and Milonakis 2009, p. 149.

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