1st Edition

The Economics of John Rae

Edited By Omar Hamouda, C. Lee, Douglas Mair Copyright 1998

    John Rae made a wide-ranging contribution to economics, in particular through his work on Capital Theory and Technical Change. Although Rae was held in high esteem by some of the great names of the past who have openly acknowledged his originality and their indebtedness to him, he has not yet received all the attention he deserves.
    In The Economics of John Rae, respected economists, redress the general neglect of Rae as a classical economist and examine his role as a political economist.

    Introduction PART I John Rae’s life and works 1 Birthday greetings to John Rae PART II Issues of methodology and history 2 On Rae’s methodology of economics 3 The concept of orders of instruments and goods in Rae and Menger 4 Rae’s theory of the history of technological change 5 John Rae and conspicuous consumption PART III Capital and related issues 6 Rae, Böhm-Bawerk, and Fisher on the supply and demand of capital 7 Invention 8 Rae’s theory of capital and growth 9 Productive savings, invention, and investment supply in Rae’s growth theory 10 Rae and international trade 11 John Rae and the promotion of infant industries PART IV The development of economic ideas 12 John Rae and Adam Smith 13 Rae as monetary economist: another Scottish tradition in a Canadian setting 14 Rae and the tradition of Scottish political economy 15 Rae as an early post-Keynesian

    Biography

    O. F. Hamouda is Professor of Economics at York University, Toronto, Ontario. C. Lee is Professor of Economics at the University of Aberdeen. D. Mair is Professor of Economics at Heriot-Watt University, Edinburgh.