Sixteen Questions for Fine and Milonakis

in Historical Materialism
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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?

Sixteen Questions for Fine and Milonakis

in Historical Materialism

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References

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  • 1.

    Cited as Milonakis and Fine 2009.

  • 2.

    Cited as Fine and Milonakis 2009.

  • 3.

    Fine and Milonakis 2009Chapter 9.

  • 4.

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

  • 5.

    Fine and Milonakis 2009p. 51 emphasis added.

  • 6.

    Schumpeter 1999p. 473.

  • 7.

    Milonakis and Fine 2009p. 57.

  • 8.

    For example Milonakis and Fine 2009p. 23.

  • 9.

    Sweezy 1968.

  • 10.

    Meek 1973.

  • 11.

    Dobb 1973.

  • 13.

    Albritton 1986.

  • 14.

    Milonakis and Fine 2009p. 183.

  • 15.

    Milonakis and Fine 2009pp. 138–9.

  • 16.

    Mehrling and Sandilands (eds.) 1999.

  • 17.

    Milonakis and Fine 2009Chapter 8.

  • 18.

    Kaufman 2004.

  • 19.

    Milonakis and Fine 2009Chapter 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 1982p. 81.

  • 22.

    Rogers 2006.

  • 23.

    Jefferson and King 2011.

  • 24.

    Fine and Milonakis 2009p. 163.

  • 26.

    Lee 1998.

  • 27.

    Milonakis and Fine 2009p. 78.

  • 28.

    Milonakis and Fine 2009p. 98.

  • 29.

    Milonakis and Fine 2009p. 101.

  • 30.

    Milonakis and Fine 2009p. 244.

  • 31.

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

  • 32.

    Milonakis and Fine 2009p. 38.

  • 33.

    Milonakis and Fine 2009p. 73.

  • 34.

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

  • 35.

    Milonakis and Fine 2009p. 260.

  • 36.

    Hutchison 1938not 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 2009p. 232.

  • 39.

    Milonakis and Fine 2009pp. 236–7.

  • 40.

    Milonakis and Fine 2009p. 237.

  • 41.

    Milonakis and Fine 2009p. 260.

  • 42.

    Fine and Milonakis 2009p. 52.

  • 43.

    Milonakis and Fine 2009pp. 277–81.

  • 44.

    Fine and Milonakis 2009p. 81.

  • 45.

    For example Fine and Milonakis 2009p. 81.

  • 46.

    For example Milonakis and Fine 2009p. 280.

  • 47.

    Hands 2001.

  • 48.

    Marx 1961p. 15; see also King 1979.

  • 49.

    Stigler 1965p. 22.

  • 50.

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

  • 51.

    Milonakis and Fine 2009pp. 189–91 306.

  • 52.

    Fine and Milonakis 2009pp. 61 141 144.

  • 53.

    Milonakis and Fine 2009p. 272.

  • 54.

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

  • 55.

    Fine and Milonakis 2009p. 138.

  • 57.

    Fine and Milonakis 2009p. 146.

  • 58.

    Fine and Milonakis 2009p. 142.

  • 59.

    Fine and Milonakis 2009pp. 139–40.

  • 60.

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

  • 61.

    Strange 1986.

  • 62.

    Strange 1998.

  • 63.

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

  • 64.

    Backhouse and Fontaine (eds.) 2010.

  • 65.

    Milonakis and Fine 2009p. 109.

  • 66.

    Milonakis and Fine 2009p. 160.

  • 67.

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

  • 68.

    Giddens 1986p. 8; emphasis in original.

  • 69.

    Swingewood 2000p. viii.

  • 70.

    Swingewood 2000pp. 21 33 41.

  • 71.

    Milonakis and Fine 2009p. 225.

  • 72.

    Fine and Milonakis 2009p. 110.

  • 73.

    Fine and Milonakis 2009p. 123.

  • 74.

    Fine and Milonakis 2009pp. 84 166.

  • 75.

    Fine and Milonakis 2009pp. 117 125.

  • 76.

    Fine and Milonakis 2009p. 153.

  • 77.

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

  • 78.

    Fine and Milonakis 2009p. 117.

  • 79.

    Fine and Milonakis 2009p. 118.

  • 80.

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

  • 81.

    Fine and Milonakis 2009p. 66.

  • 82.

    See Fine and Milonakis 2009pp. 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 2009p. 303.

  • 86.

    Blanchard 2008pp. 8–9.

  • 87.

    Tcherneva 2008.

  • 88.

    Rogers 2006.

  • 89.

    Dow 2000pp. 159–60.

  • 90.

    Fine and Milonakis 2009pp. 167–8.

  • 91.

    Davis 2008.

  • 92.

    Fine and Milonakis 2009p. 151.

  • 93.

    Fine and Milonakis 2009p. 169.

  • 94.

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

  • 95.

    Fine and Milonakis 2009pp. 162 166.

  • 96.

    Fine and Milonakis 2009p. 162.

  • 97.

    Fine and Milonakis 2009p. 172.

  • 99.

    Milonakis and Fine 2009p. 160.

  • 100.

    Milonakis and Fine 2009p. 225.

  • 101.

    Fine and Milonakis 2009pp. 166–7.

  • 102.

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

  • 103.

    Fine and Milonakis 2009p. 149.

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