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RESEARCH IN THE HISTORY OF ECONOMIC THOUGHT AND METHODOLOGY

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RESEARCH IN THE HISTORY OF ECONOMIC THOUGHT AND METHODOLOGY

Founding Editor: Warren J. Samuels (1933–2011)

Series Editors: Luca Fiorito, Scott Scheall, and Carlos Eduardo Suprinyak

Recent Volumes:

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EDITORIAL BOARD

• Michele Alacevich

  University of Bologna, Italy

• Rebeca Gomez Betancourt

  University of Lumière Lyon 2, France

• John Davis

  Marquette University, USA; University of Amsterdam, The Netherlands

• Till Düppe

  Université du Québec à Montréal, Canada

• Ross B. Emmett

  Arizona State University, USA

• Andrew Farrant

  Dickinson College, USA

• Nicola Giocoli

  University of Pisa, Italy

• Harald Hagemann

  University of Hohenheim, Germany

• Tiago Mata

  University College, London, UK

• Steven Medema

  Duke University, USA

• Gary Mongiovi

  St. John’s University, USA

• Mary Morgan

  London School of Economics, London, UK

• Maria Pia Paganelli

  Trinity University, USA

• Gerardo Serra

  University of Manchester, UK

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RESEARCH IN THE HISTORY OF ECONOMIC THOUGHT AND METHODOLOGY - VOLUME 39C

RESEARCH IN THE HISTORY OF ECONOMIC THOUGHT AND METHODOLOGY: INCLUDING A SYMPOSIUM ON FRANK KNIGHT'S RISK, UNCERTAINTY AND PROFIT AT 100

EDITED BY

LUCA FIORITO

University of Palermo, Italy

SCOTT SCHEALL

Arizona State University, USA

AND

CARLOS EDUARDO SUPRINYAK

Federal University of Minas Gerais (UFMG), Brazil

United Kingdom – North America – Japan – India – Malaysia – China

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Emerald Publishing Limited

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First edition 2022

Copyright © 2022 Emerald Publishing Limited

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British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-80071-149-5 (Print)

ISBN: 978-1-80071-148-8 (Online)

ISBN: 978-1-80071-150-1 (Epub)

ISSN: 0743-4154 (Series)

Contents

About the Editors

Luca Fiorito received his PhD in economics from the New School for Social Research in New York and is currently Professor at the University of Palermo. His main area of interest is the history of American economic thought in the Progressive Era and the interwar years. He has published many works on the contributions of the institutionalists and on the relationship between economics and eugenics.

Scott Scheall is Assistant Professor in the Faculty of Social Science in Arizona State University’s College of Integrative Sciences and Arts. He has published extensively on topics related to the history and philosophy of the Austrian School of economics. Scott is the author of F. A. Hayek and the Epistemology of Politics: The Curious Task of Economics (Routledge, 2020)

Carlos Eduardo Suprinyak is Associate Professor of Economics at the Federal University of Minas Gerais (UFMG), Brazil. He specializes in the history and methodology of economics, studying the interplay of social, political, and economic ideas in early modern England, and the institutionalization of economics in Brazil during the postwar era. He has published several papers on these and related themes in peer-reviewed scholarly journals, and is also the co-editor of The Political Economy of Latin American Independence (Routledge, 2017).

List of Contributors

Volume Introduction

Volume 39C of Research in the History of Economic Thought and Methodology features a symposium marking the 100^th anniversary of the publication of Frank H. Knight’s Risk, Uncertainty, and Profit, edited by Ross B. Emmett. The symposium features contributions from Per Bylund and Richard E. Wagner, in addition to Professor Emmett’s essay and a new essay from our own Carlos Eduardo Suprinyak, and his co-author, Thiago Oliveira.

Extending themes from the symposium, Volume 39B also includes a ­general-research contribution from David Coker, who considers the significance of Knight’s work for John Rawls’ famous A Theory of Justice.

The Volume also includes new general-research essays from J. Patrick Higgins, who reflects on the relationship between Walter Lippmann and the Austrian School of economics, and Charles R. McCann, Jr, who looks at a “Wisconsin Austrian” economist, William Amasa Scott.

The Editors of Research in the History of Economic Thought and Methodology

Luca Fiorito

Scott Scheall

Carlos Eduardo Suprinyak