Abstract
From October 1935 to 1944, the research agenda implemented by the Oxford Institute of Statistics diverged from the lines of research of both Cambridge and the Oxford Economic Research Group. Rather than following the Marshallian tradition, the OIS staff assumed a continental scheme of thought, influenced by Marx, Walras and the “Kiel School,” thus focusing on business cycles and the role played by capitalist institutions. Thanks to the funding provided by the Rockefeller Foundation, the Institute became an atypical research centre within the British academia. On the one hand, its members rejected Marshall’s equilibrium theory for its staticity. On the other hand, they were also sceptical about Keynesian theory for its scarce attention to institutions. Therefore, an uncommon language inescapably divided them from British academia.
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Notes
- 1.
Actually, T. Balogh had moved to England in 1932, the anti-Jewish laws introduced in Hungary by the regime of Miklós Horthy essentially motivated his emigration.
- 2.
The bulletin is still published under the name of Oxford Bulletin of Economics and Statistics.
- 3.
Kalecki’s contribution to the OIS research agenda is the object of a parallel work, see Lampa (2017).
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Lampa, R. (2021). Divided by an Uncommon Language? The Oxford Institute of Statistics and British Academia (1935–1944). In: M. Cunha, A., Suprinyak, C.E. (eds) Political Economy and International Order in Interwar Europe. Palgrave Studies in the History of Economic Thought. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-47102-6_14
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