Edwin Cannan

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Edwin Cannan 1920
Review of economic theory , 1929

Edwin Cannan (born February 3, 1861 in Funchal , Madeira , † April 8, 1935 in Bournemouth ) was a British economist and economic historian. He was a professor at the London School of Economics from 1895 to 1926.

As a follower of Jevons , he is probably best known for his criticism of classical economic theory in his treatise History of the Theories of Production and Distribution (1898; History of Theories of Construction and Destruction). Although Cannan had personal and professional problems with Alfred Marshall , he was still a supporter of Marshall (Marshall's man) at the London School of Economics and Political Science from 1895 to 1926. During this period, especially during his time as chairman after 1907, Cannan led the LSE away from their roots in Fabian socialism to hesitant Marshallism . This period lasted only until Cannan's protégé, Lionel Robbins, took over with his more continental ideas.

According to Geoffrey M. Hodgson, Cannan emphasizes the unified basis of economic systems.

Works

  • Elementary Political Economy , 1888.
  • The Origin of the Law of Diminishing Returns, 1813-1 5, 1892, EJ .
  • Ricardo in Parliament , 1894, EJ .
  • A History of the Theories of Production and Distribution in English Political Economy from 1776 to 1848 , 1898.
  • Preface and Introduction to Adam Smith's "Wealth of Nations" , 1904.
  • The Economic Outlook , 1912.
  • Wealth , 1914.
  • Early history of the term "Capital" , 1921, QJE .
  • An Application of the Theoretical Apparatus of Supply and Demand to Units of Currency , 1921, EJ .
  • Money: Its connexion with rising and falling prices , 1923.
  • Monetary Reform , with JM Keynes, Addis and Milner, 1924, EJ
  • An Economist's Protest , 1927
  • A Review of Economic Theory , 1929
  • Modern Currency and the Regulation of Its Value , London: DS King and Son, 1932.
  • Collected Works of Edwin Cannan (1998, 8 volumes), edited by Alan Ebenstein (London & New York: Routledge / Thoemmes Press)

Web links

Footnotes

  1. How Economics Forgot History (2001), p.205. Hodgson continues with the remark that in Wealth (1914) Cannan stressed the family, private property and the state.
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