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Mark Blaug

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Also known as M. Blaug, Norbert Blauaug

British economist (1927–2011)

Person · Open Library

Born
1927
Died
2011
Works
150

Top works

  • Marx and modern economics
  • Adam Smith (1723-1790)
  • François Quesnay (1694-1774)
  • Welfare indices in The wealth of nations
  • Pre-classical economists

via Open Library + Wikidata

Music · MusicBrainz

Type
Person
Country
US

via MusicBrainz · CC0

Quotes

  • Cambridge theories of value and distribution themselves suffer from the very malady which they hope to cure: rhetoric apart, they are deeply infected by static, equilibrium analysis of maximizing economic agents, acting with full information in a world of perfect certainty, as in the orthodoxy they deplore. … If there is something wrong with neo-classical economics – as there may well be – the Cambridge theories share all of its weaknesses and practically none of its strengths.
  • Nothing is more difficult than to turn and entire discipline around, asking itself to jettison its own history over the last 200 years.
  • Despite entries on socialism, socialist economics and market socialism, and biographical entries on Oskar Lange and Ludwig von Mises, the Socialist Calculation Debate, so crucial in the revival of general equilibrium theory and the rise of modern welfare economics in the 1930s, is nowhere discussed at length in The New Palgrave.
  • Modern Austrian economists go so far as to suggest that the Walrasian approach to the problem of multimarket equilibrium is a cul de sac: if we want to understand the process of competition, rather than the equilibrium end-state achieved by competition, we must begin by discarding such static reasoning as is implied by Walrasian GE theory. I have come slowly and extremely reluctantly to the view that they are right and that we have all been wrong.
  • There were many Hayeks: Hayek, the political scientist; Hayek, the economist; Hayek, the philosopher of social science; Hayek, the psychologist. Even in these different roles, he played many parts.
  • Hayek's career raises many puzzles and sometimes takes on the appearance of an endless trail of unresolved or only partly resolved issues.

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Wikidata facts

Show 4 more facts
date of birth
1927-04-03
date of death
2011-11-18
name in native language
Mark Blaug
birth name
Norbert Blauaug
Sources (8)

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