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Alfred Marshall in the Lower Valdarno Read chapter Read first chapter

2021 | OriginalPaper | Chapter

Raffaelli on Historical Progress in Smith and in Marshall

Author : Cosimo Perrotta

Published in: Marshall and the Marshallian Heritage

Publisher: Springer International Publishing

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Abstract

Tiziano Raffaelli’s pathbreaking contributions to our understanding of how Adam Smith and Alfred Marshall viewed historical progress are scattered across a number of his publications. This chapter builds on Raffaelli’s discussion in two ways. First, it provides a discussion and synthesis of his contributions with the goal of enhancing our understanding of the idea of “historical progress”. Second, it delves more deeply into Smith’s and Marshall’s commentaries on historical progress to further probe the degree of similarity between their respective views.

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previous chapter The Organisation of Knowledge and Knowledge as Organisation
next chapter Marshall’s External Economies: Economic Evolution and Patterns of Development
Footnotes
1
See Raffaelli (from now on: R., in the notes) (1994b: 225; 1996a: 13–8).
 
2
R. (1994b: 206–8; 1996a: 23).
 
3
On this see Perrotta (2004: 22, 92–4, 160–1, and 231–40).
 
4
See Perrotta (2018: 28–9, 39).
 
5
R. (1996a: 18fn) stresses the difference, already stated by Hume, between benevolence and beneficence as to their social effects. While the former “is ineffective as a motive to human actions”, the latter “is very effective in inner circles but inadequate to the wide relations of commercial society”.
 
6
R. (1994b: 211–2; 1996a: 20–3).
 
7
R. (1994b, passim; 2001a: 197).
 
8
See for ex. R. (1996a: 30; 2001a: 196–8).
 
9
R. (2001a: 38–47).
 
10
Darwin (1859, Introduction: 4–5).
 
11
Probably he refers to Smith (1776, 1.X, Part 1).
 
12
Loasby (2003: 211–4).
 
13
Rizzello (1997, ch. 3.2), Becattini (2003: 18–9).
 
14
See especially sections 2 and 3 of R. (1990). A similar analysis can be found in R. (1991, 1994a).
 
15
See Darwin (1871, vol. 1, chs. II, III and V).
 
16
This too derived from Darwin (1871, vol. 1, chs. V and VII).
 
17
See also R. (1996b, Sect. VII).
 
18
R. (2000: 19).
 
19
R. (2001b: 215).
 
20
See also Groenewegen (2003: 115–24).
 
21
R. (2001b), respectively: 219 and 227, fn. 14.
 
22
Arena (2003: 231–5).
 
23
See also Perrotta (2018: 108–9).
 
24
Reisman (2003: 64–5).
 
25
Groenewegen (2003), especially: 124–30.
 
26
See also R. (2003: 254–68).
 
27
Loasby (1991: 123–4).
 
28
Marshall (1890, book IV, chs. v–vi). See also book VI, chs. iv–v.
 
Literature
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Becattini, Giacomo (2003) “The Return of the ‘White Elephant’”, in Richard Arena and Michel Quéré, eds., The Economics of Alfred Marshall: Revisiting Marshall’s Legacy, Basingstoke and New York: Palgrave Macmillan: 13–31.
Caldari, Katia (2004) “Alfred Marshall’s Idea of Progress and Sustainable Development”, Journal of the History of Economic Thought, December: 519–36.
Cook, Simon J. (2009) The Intellectuals Foundations of Alfred Marshall’s Economic Science: A Rounded Globe of Knowledge, New York: Cambridge University Press.CrossRef
Dardi, Marco (1991) “The Concept and Role of the Individual in Marshallian Economics”, Quaderni di storia dell’economia politica, IX/2–3: 89–114.
Darwin, Charles (1859) On the Origin of Species, London: J. Murray, first ed., online: J. Van Wyhe and S. Asscher eds., 2002, from The Balfour and Newton Libraries, Cambridge.
______ (1871) The Descent of Man, London: J. Murray, first ed., online: J. Van Wyhe ed., 2006, from The Balfour and Newton Libraries, Cambridge.
Groenewegen, Peter (2003) “Competition and Evolution: The Marshallian Conciliation Enterprise”, in Richard Arena and Michel Quéré, eds., The Economics of Alfred Marshall: Revisiting Marshall’s Legacy, Basingstoke and New York: Palgrave Macmillan: 111–33.
Loasby, Brian J. (1991) “Efficient Institutions”, Quaderni di storia dell’economia politica, IX/2–3: 115–31.
______ (2003) “Efficiency and Time”, in Richard Arena and Michel Quéré, eds., The Economics of Alfred Marshall: Revisiting Marshall’s Legacy, Basingstoke and New York: Palgrave Macmillan: 202–20.
Marshall, Alfred (1890) Principles of Economics, eighth ed., London: Macmillan, 1920, online: Library of Economics and Liberty.
______ (1994) Early Philosophical Writings, T. Raffaelli, ed., Greenwich, CT: JAI Press, Part II: 95–159.
Perrotta, Cosimo (2004) Consumption as an Investment: I, London and New York: Routledge.CrossRef
______ (2018) Unproductive Labour in Political Economy, London and New York: Routledge.CrossRef
Raffaelli, Tiziano (1990) “Gli studi filosofici del giovane Marshall”, Roma: Accademia Nazionale dei Lincei, IX.I: 121–60.
______ (1991) “The Analysis of the Human Mind in the Early Marshallian Manuscripts”, Quaderni di storia dell’economia politica, IX/2–3: 29–58.
______ (1994a) “Marshall’s Analysis of the Human Mind”, Part 1 of Early Philosophical Writings of Alfred Marshall, JAI Press: 53–93.
______ (1994b) “Dalla teoria delle passioni al nuovo ordine: mercato e capitalismo in Adam Smith”, Moneta e Credito, giugno 1994: 203–31.
______ (1995) “Order and Creativity in Marshall’s Views of Social Progress”, Kwansei Gakuin University Annual Studies, Nishnomiya (Japan), XLIV: 199–207.
______ (1996a) “Human Psychology and the Social Order”, History of Economics Ideas, 1996/1–2: 5–34.
______ (1996b) “Utilitarian Premises and the Evolutionary Framework of Marshall’s Economics”, Utilitas, 1996/1: 89–108.
______ (2000) “The Marshallian Heritage”, Annali della Facoltà di Economia di Cagliari, Milano: Franco Angeli: 13–20.
______ (2001a) La ricchezza delle nazioni. Introduzione alla lettura, Roma: Carocci.
______ (2001b) “Marshall on Mind and Society: Neuropsychological Models Applied to Industrial and Business Organization”, European Journal of the History of Economic Thought, Summer: 208–29.
______ (2003) “Requirements and Patterns of Marshallian Evolution: The Impact of the Notion of Industrial District”, in Richard Arena and Michel Quéré, eds., The Economics of Alfred Marshall: Revisiting Marshall’s Legacy, Basingstoke and New York: Palgrave Macmillan: 234–68.
Reisman, David A. (1991) “Conservative Capitalism: Alfred Marshall”, Quaderni di storia dell’economia politica, IX/2–3: 215–33.
——— (2003) “Alfred Marshall on Social Capital”, in Richard Arena and Michel Quéré, eds., The Economics of Alfred Marshall: Revisiting Marshall’s Legacy, Basingstoke and New York: Palgrave Macmillan: 53–66.
Rizzello, Salvatore (1997) The Economics of Mind, English ed., Cheltenham, UK and Northampton, MA, USA: E. Elgar, 1999.
Smith, Adam (1776) Wealth of Nations, Edwin Cannan, ed., London: Methuen, 1904, online: Library of Economics and Liberty.
Metadata
Title
Raffaelli on Historical Progress in Smith and in Marshall
Author
Cosimo Perrotta
Copyright Year
2021
Book
Marshall and the Marshallian Heritage

Print ISBN: 978-3-030-53031-0

Electronic ISBN: 978-3-030-53032-7

Copyright Year: 2021

DOI
https://doi.org/10.1007/978-3-030-53032-7_3