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References
He published a thorough review article on theCorrespondence inJournal of Political Economy, July–August 1970, a perceptive obituary of Jaffé (see note 2), extended into a fine biographical essay in W.J. Samuels (ed.),Research in the History of Economic Thought and Methodology, vol. I, Greenwich (Conn.), 1983.
Bibliographies of Jaffé's writings have been published by V.J. Tarascio,History of Political Economy, Summer 1981, and by D.A. Walker, ‘William Jaffé, Historian of Economic Thought, 1898–1980,’American Economic Review, December 1981.
‘The Antecedents and Early Life of Léon Walras,’History of Political Economy, Spring 1984.
‘W. Jaffé on Léon Walras: A Comment,’Journal of Economic Literature, June 1980.
S. Hollander, ‘William Jaffé, 1898–1980,’Canadian Journal of Economics, February 1981, p. 108, and J. Denizet, ‘Equilibre économique et social chez Walras,’Economie appliquée, 1981, No. I, who fully accepts Jaffé's view.
Jaffé defended this position in ‘Biography and Economic Analysis,’Western Economic Journal, Summer 1965. It is evaluated by Walker in several papers mentioned in his introduction.
An example is the alleged but nonexistent auctioneer in Walras's theory.
This aspect of Walras's thought is most sympathetically discussed by Denizet in the article mentioned in note 5.
A much more positive judgment is expressed by Walker in the review article mentioned in note 1, p. 700.
For contrasting evidence, see M. van Nieuwkerk, ‘De financiering van het betalingsbalanstekort,’ in:Zoeklicht op beleid, Essays in honour of Prof. Dr. G.A. Kessler, Stenfert Kroese, Leiden 1981, p. 262, and J. Koning, ‘Netherlands Company Pension Funds' International Portfolio Diversification,’European Economic Review, vol. 5, 1974.
W.L. Brainard and J. Tobin, ‘Pitfalls in Financial Model Building,’American Economic Review, vol. 58, no. 2, Papers and Proceedings, 1968.
Cf. M.M.G. Fase, ‘Financiële activa, rentevorming en monetaire beheersbaarheid,’ in:Zoeklicht op beleid, o.c., p. 55. Not all precursors of Van Loo's model suffered from this defect, however;cf. R.J.A. den Haan, B.H. Hasselman and V.R. Okker,Een monetair submodel voor Nederland, Occasional Paper no. 26, Central Planning Bureau, The Hague, 1981, p. 16.
See also A. Heertje,Economics and Technical Change, London, 1977, pp. 38–61 and D. Furth, A. Heertje and R.J. van der Veen, ‘On Marx's Theory of Unemployment,’Oxford Economic Papers, 1978, pp. 263–276.
N. Rosenberg, ‘On Technological Expectations,’Economic Journal, 1976, pp. 523–535.
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Hennipman, P., Kregel, J.A., Visser, H. et al. Boekbesprekingen. De Economist 132, 503–533 (1984). https://doi.org/10.1007/BF02380348
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DOI: https://doi.org/10.1007/BF02380348