VOLUME 6

THE COLLECTED SCIENTIFIC PAPERS OF

PAUL A. SAMUELSON

Edited by Janice Murray

THE MIT PRESSCambridge, Massachusetts, and London, England

CONTENTS

Volume VI

Editor's Preface

Part I. Classical Economics

389. Out of the Closet: A Program for the Whig History of EconomicScienceHistory of Economics Society Bulletin, 9(1), 51-60, 1987. 3

390. Keeping Whig History HonestHistory of Economics Society Bulletin, 10(2), 161-167, 1988. 13

391. The Overdue Recovery of Adam Smith's Reputation as an EconomicTheoristAdam Smith's Legacy, His Place in the Development of Modern Econom-ics, M. Fry (ed.). New York: Routledge, Chapman and Hall, Inc., 1-14,1992. 20

392. The Classical Classical FallacyJournal of Economic Literature, 32(2), 620-639, 1994. 34

393. Mathematical Vindication of Ricardo on MachineryJournal of Political Economy, 96(2), 274-282, 1988. 54

394. Ricardo was Right!Scandinavian Journal of Economics, 91(1), 47-62, 1989. 63

395. Yes, to Robert Dorfman's Vindication of Thunen's Natural-WageDerivationJournal of Economic Literature, 24(4), 1777-1785, 1986. 79

396. Conversations with my History-of-Economics CriticsEconomics, Culture and Education, Essays in Honour of Mark Blaug,G.K. Shaw (ed.). Aldershot: Edward Elgar Publishing Co., 3-13, 1991. 88

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Contents

397. A Classical Theorem for John Chipman: Maximal and Minimal Malthu-sian Population; A Sweeping Non-Substitution Theorem at the Core ofthe Canonical Classical ModelTrade, Theory and Econometrics, Essays in Honor of John S. Chipman,J. C. Monroe, R. Riezman and J.R. Melvin (eds). London and New York:Routledge, 338-352, 1999. * . - • 99

398. LandThe Elgar Companion to Classical Economics, Volume L-Z, H. Kurz andN. Salvadori (eds). Cheltenham, UK: Edward Elgar, 27-37, 1998. 114

399. Non-Substitution TheoremsThe Elgar Companion to Classical Economics, Volume L-Z, H. Kurz andN. Salvadori (eds.). Cheltenham, UK: Edward Elgar, 183-188, 1998. 125

400. Samuelson, Paul Anthony, as an Interpreter of the Classical EconomistsThe Elgar Companion to Classical Economics, Volume L-Z, H. Kurz andN. Salvadori (eds.). Cheltenham, UK: Edward Elgar, 329-333, 1998. 131

401. A Quintessential (ahistorical) Tableau Economique: To Sum up Pre- andPost-Smith Classical ParadigmsEconomics Broadly Considered, Essays in Honour of Warren Samuels,J. Biddle, J. Davis and S. Medema (eds.). London: Taylor & FrancisBooks Ltd., 49-63, 2001. 136

402. A Modern Post-Mortem on Bohm's Capital Theory: Its Vital NormativeFlaw Shared by Pre-Sraffian Mainstream Capital TheoryJournal of the History of Economic Thought, 23(3), 301-317, 2001. 151

403. What Ricardo et al. Didn't Quite Understand About Their Own SystemFaith, Reason, and Economics, Essays in Honour of Anthony Waterman,D. Hum (ed.). Winnipeg: St. John's College Press, 203-211, 2003. 168

404. An Elizabethan Age for Pure Trade Theory: 1925-55Review of International Economics, 13(5), 1001-1003, 2005. 177

405. Two Alternative Hypothetical "Lost" 1814 Ricardo Manuscripts: New-Century Bearings (with Erkko Etula)History of Political Economy, 38(1), 1-14, 2006. 180

Part II. Neoclassical, Marxian and Sraffian Economics406. A Revisionist View of von Neumann's Growth Model

John von Neumann and Modern Economics, M. Dore, S. Chakravarty andR. Goodwin (eds.). Oxford: Oxford University Press, 100-122, 1989. 197

407. A Sweeping New Non-Substitution Theorem: Kaldor's Discovery of thevon Neumann Input-Output ModelNicholas Kaldor and Mainstream Economics, Confrontation or Conver-gence? E.J. Nell and W. Semmler (eds.). Basingstoke: The MacmillanPress Limited, 72-87, 1991. 220

408. Logic of the Historical Transformation Problem: Exchange Ratios UnderSimple Commodity Production :Marx and Modern Economic Analysis, Volume I: Values, Prices and Ex-ploitation, G.A. Caravale (ed.). Aldershot: Edward Elgar, 145-168, 1991. 236

409. Marx on Rent: A Failure to Transform CorrectlyJournal of the History of Economic Thought, 14, 143-167, 1992. 260

410. Revisionist Findings on SraffaEssays on Piero Sraffa, K. Bharadwaj and B. Schefold (eds.). London:Unwin Hyman, 263-279, 1990. 285

411. Sraffian EconomicsThe New Palgrave: A Dictionary of Economics, Vol. IV, J. Eatwell, M. Mil-gate and P. Newman (eds.). London and Basingstoke: The MacmillanPress, 452-461, 1987. 302

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412. Sraffa's Other LegEconomic Journal, 101(406), 570-574, May, 1991. 312

413. Two Classics: Bohm-Bawerk's Positive Theory and Fisher's Rate of Inter-est Through Modern PrismsJournal of the History of Economic Thought, 16(2), 202-228, 1994. 317

414. Isolating Sources of Sterility In Marx's Theoretical ParadigmsCapital Controversy, Post-Keynesian Economics and the History of Eco-nomics, Essays in Honour of Geoff Harcourt, Vol. 1, P. Arestis, G. Palmaand M. Sawyer (eds.). London and New York: Routledge, 187-198,1996. 344

415. Book Review of Socialism and Marginalism in Economics, 1870-1930,1.Steedman (ed.)The European Journal of the History of Economic Thought, 4(1), 179—187, 1997. 356

416. Report Card on Sraffa at 100The European Journal of the History of Economic Thought, 5(3), 458-67,1998. 365

417. The Special Thing I Learned from SraffaValue, Distribution and Capital, Essays in Honour of Pierangelo Gareg-nani, G. Mongiovi and F. Petri (eds.). London and New York: Routledge,230-237, 1999. 375

418. Sherlock Holmes and the Swarthy German: the Case of Inanely 'Trans-forming' Mehrwert to PricesEconomics, Welfare Policy and the History of Economic Thought, Essaysin Honour of Arnold Heertje, M. Fase, W. Kanning and D. Walker (eds.).Cheltenham, UK and Northampton, Mass.: Edward Elgar, 345-363,1999. 383

419. Sraffa's Hits and MissesCritical Essays on Piero Sraffa's Legacy in Economics, H. Kurz (ed.).Cambridge: Cambridge University Press, 111-152, 2000. 402

420. Comment (on Sraffa's "Hits and Misses") by H. Kurz and N. Salvadori.Reactions to Kurz-Salvadori's Comment' on "Sraffa's Hits and Misses"Critical Essays on Piero Sraffa's Legacy in Economics, H. Kurz (ed.).Cambridge: Cambridge University Press, 163-180, 2000. 444

421. Sparks and Grit from the Anvil of GrowthFrontiers of Development Economics, G. Meier and J. Stiglitz (eds.). Aco-publication of the World Bank and Oxford University Press, 492-505,2001. 473

422. A Ricardo-Sraffa Paradigm Comparing Gains fromTrade in Inputs and Finished GoodsJournal of Economic Literature, 39(4), 1204-1214, 2001. 487

423. Brief First Critique of Sraffa's Unfinished Critique of MarginalismRegulation, Competition and the Market Economy, Festschrift fur CarlChristian von Weizsa'cker, H.G. Nutzinger (ed.). Gottingen: Vandenhoeck&Ruprecht, 3-21,2003. 498

424. The Hawkins and Simon Story RevisitedModels of a Man, Essays in Memory of Herbert A. Simon, M. Augier andJ.G. March (eds.). Cambridge, Mass.: The MIT Press, 153-162, 2004. 517

425. Testing to Confirm that Leontief-Sraffa Matrix Equations for Input/Out-put Must Obey Constancy of Returns to Scale (with Erkko Etula)Journal of Economics Letters, 90, 183-188, 2006. 527

426. Complete Work-up of the One-sector Scalar-Capital Theory of InterestRate: Third Installment Auditing Sraffa's Never-completed "Critique ofModern Economic Theory" (with Erkko Etula)Japan and the World Economy, 18(3), 331 -356, 2006. 533

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Contents

All. Classical and Neoclassical Harmonies and DissonancesThe European Journal of the History of Economic Thought, 14(2), 243-271,2007. 559

Part III. Modern Macroeconomics428. The Keynes-Hansen-Samuelson Multiplier-Accelerator Model of Secu-

lar StagnationJapan and the World Economy, 1, 13-19, 1988. 591

429. Extirpating Error Contamination Concerning the Post-Keynesian Anti-Pasinetti EquilibriumOxford Economic Papers, 43, 177-186, 1991. 608

430. In the Beginning (Keynesian Economics and Harvard)Challenge, 31 (4), 32-34, 1988. 618

431. Who Innovated the Keynesian Revolution?Economics, Econometrics and the LINK, Essays in Honor of Lawrence R.Klein, M. J. Dutta, D.W. Jorgenson, J-J. Laffont, T. Persson, and H.K.Van Dijk (eds.). Amsterdam: Elsevier Science, B.V., 3-19, 1995. 621

432. How Keynes Came to America via HarvardGodkin Lecture I, Harvard University, Cambridge, Massachusetts, No-vember, 1986. 638

433. Structure of a Scientific RevolutionGodkin Lecture II, Harvard University, Cambridge, Massachusetts, No-vember, 1986. 661

434. Requiem for the Classic Tarshis Textbook that First Brought Keynes toIntroductory EconomicsKeynesianism and the Keynesian Revolution in America: A Memorial Vol-ume in Honour of Lorie Tarshis, O.F. Hamouda and B. Price (eds.). Chel-tenham, UK and Northampton, Mass.: Edward Elgar, 53-58, 1998. 676

435. Reply: Complementary Innovations by Roy Harrod and Alvin HansenHistory of Political Economy, 34(1), 219-223, 2002. 682

436. Multiple Priorities in Evolving Scholarly DisciplinesHistory of Political Economy, 35(2), 333-334, 2003. 687

437. Paul Samuelson, interviewReflections on the Great Depression, R.E. Parker. Cheltenham, UK andNorthampton, Mass.: Edward Elgar, 25-40, 2002. 689

Part IV. Welfare and Efficiency Economics438. Theory of Optimal Taxation

Journal of Public Economics, 30(2), 137-143, 1986. 707439. How a Certain Internal Consistency Entails the Expected Utility

DogmaJournal of Risk and Uncertainty, 1, 389-393, 1988. 714

440. Sparks from Arrow's AnvilArrow and the Foundations of the Theory of Economic Policy, G.R. Feiwel(ed.). Basingstoke: The Macmillan Press, 154-178, 1987. 719

441. Tragedy of the Commons: Efficiency Rents to the Rescue of Free-RoadInefficiencies and ParadoxesDoes Economic Space Matter? Essays in Honour of Melvin L. Greenhut.H. Ohta and J-F. Thisse (eds.). New York: St. Martin's Press, 71-80,1993. 744

442. When Deregulation Makes Things Worse Before They Get BetterCompetition and Markets, Essays in Honour of Margaret Hall, C. Moirand J. Dawson (eds.). Basingstoke: The Macmillan Press, 11-20, 1990. 754

Contents

443. Tragedy of the Open Road: Avoiding Paradox by Use of Regulated Pub-lic Utilities that Charge Corrected Knightian TollsJournal of International and Comparative Economics, 1(1), 3-12, 1992. 764

444. Richard Kahn: His Welfare Economics and Lifetime AchievementCambridge Journal of Economics, 18(1), 55-72, 1994. 774

445. Some Uneasiness with the Coase TheoremJapan and the World Economy, 7(1), 1-7, 1995. 792

446. Graduated Income Taxation, Which Reduces Inequality, Leaves Pa-reto's Coefficient Invariant: A Pseudo-paradox That Debunks Pareto'sCoefficientCorrespondence, Journal of Economic Perspectives, 6(4), 205-206, 1992. 799

447. John Bates Clark: America's First Great TheoristJohn Bates Clark's "The Distribution of Wealth, Vademecum Zu EinemAmerikanischen Neoklassiker, Klassiker der Nationalokonomie" (pub-lished in German). Dusseldorf: Verlag Wirtschaft und Finanzen, 55-72,1999. 801

448. Where Ricardo and Mill Rebut and Confirm Arguments of MainstreamEconomists Supporting GlobalizationJournal of Economic Perspectives, 18(3), 135-146, 2004. 816

449. As Bad As RicardoComments, Journal of Economic Perspectives, 19(3), 242-244, 2005. 839

450. An Interview with Paul Samuelson: Welfare Economics, 'Old' and 'New,'and Social Choice TheorySocial Choice and Welfare, K. Suzumura, vol. 25, 327-356, 2005. 843

Part V. Economic and Scientific Theories

451. Deterministic Chaos in Economics: An Occurrence in Axiomatic UtilityTheoryNonlinear and Multisectoral Maerodynamics: Essays in Honour of Rich-ard Goodwin, K. Velupillai (ed.). Basingstoke: The Macmillan Press, 42-63, 1990. . 875

452. A Long-Open Question on Utility and Conserved Energy FunctionsEquilibrium and Dynamics, Essays in Honour of David Gale, M. Majum-dar (ed.). Basingstoke: The Macmillan Press, 287-306, 1992. 897

453. Two Conservation Laws in Theoretical EconomicsConservation Laws and Symmetry: Applications to Economics and Fi-nance, R. Ramachandran and R. Sato (eds.). Norwell, Mass.: KluwerAcademic Publishers, 57-70, 1990. - 917

454. Trimming Consumers' Surplus Down to SizeA Century of Economics, 100 Years of the Royal Economic Society andthe Economic Journal, J.D. Hey and D. Winch (eds.). Oxford: BlackwellLimited, 265-297, 1990. 931

455. Characterizing an Area Condition Associated with Minimizing Systems(with James Cooper and Thomas Russell)Economic Theory, Dynamics and Markets, Essays in Honor of Ryuzo Sato,T. Negishi, R. Ramachandran and K. Mino (eds.). Norwell, Mass.: Klu-wer Academic Publishers, 391 -403, 2001. 968

456. Economic History and Mainstream Economic AnalysisRivista di Storia Economica, Nuova serie, anno XVII, 17(2), 271-277,2001. 981

457. Conservation Laws in EconomicsJapan and the World Economy, 16, 243-246, 2004. 988

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458. Testing the Expected Utility Maximization Hypothesis with Limited Ex-perimental Data (with James Cooper and Thomas Russell)Japan and the World Economy, 16, 391 -407, 2004. 992

459. Testing Whether the "Capital Reversal" Syndrome Mandates Dead-weight Loss in Competitive Intertemporal EquilibriumEconomic Theory and Economic Thought, Essays in Honour of Ian Steed-man, J. Vint, J. Metcalfe, H. Kurz, N. Salvadori and P.A. Samuelson(eds.). London and New York: Routledge, 167-17-3,2010. 1009

Contents of Volumes I-V 1017

A c k n o w l e d g m e n t s 1043

Index 1065

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