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A Study on the Change of Economic View with J.S. Mill as a Turning Point: Focusing on Value Theory

Research Project

Project/Area Number 16K17099
Research Category

Grant-in-Aid for Young Scientists (B)

Allocation TypeMulti-year Fund
Research Field Economic doctrine/Economic thought
Research InstitutionNagoya University of Commerce & Business

Principal Investigator

Yoshii Satoshi  名古屋商科大学, 経済学部, 教授 (10514341)

Project Period (FY) 2016-04-01 – 2020-03-31
Project Status Completed (Fiscal Year 2019)
Budget Amount *help
¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
Fiscal Year 2018: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2017: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2016: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
KeywordsEquation / 過程分析 / 価値論 / 古典派 / 限界革命 / J.S.ミル / リカードウ / equation / 生産費 / 需要と供給の原理 / 需要と供給 / 価格と数量の同時決定 / 経済学観
Outline of Final Research Achievements

It is generally considered that the theoretical development in supply-demand equilibrium theory by J. S. Mill from supply and demand ratio theory by Adam Smith and David Ricardo is the most important event in the history of economics. However, his pricing model is not governed by the laws of simultaneous determination between a quantity and a price at all. Followers have been misunderstanding the term “equation” that Mill used in the pricing. Mill’s system is not supply-demand equilibrium theory, but rather sequential process model with time.

Jenkin (1868; 1870) misconstrued J. S. Mill’s system as the view that was almost identical to the present-day microeconomics model. Additionally, Marshall (1879), who was very influenced by Jenkin, misread Mill’s reciprocal demand theory and introduced into economics the theme about the research of equilibrium and the stability condition in his construction of pure theory.

Academic Significance and Societal Importance of the Research Achievements

古典派経済学における価格決定の等式をある「均衡への傾向」を表すものと解釈すれば、これは均衡にいたる経緯についての過程分析と言える。一方で、新古典派経済学では価格と数量が同時に決定される市場均衡理論である。と結論付けられる。独創的な点は「Equation」解釈を通じた古典派経済学の再解釈である。この点に関しては世界的に全く研究が進んでいない。分岐点としてのJ.S.ミル体系の正確な理解とそれが曲解して伝わった理由を解明することは、経済学の歴史を正しく理解することにも繋がる。

Report

(5 results)
  • 2019 Annual Research Report   Final Research Report ( PDF )
  • 2018 Research-status Report
  • 2017 Research-status Report
  • 2016 Research-status Report
  • Research Products

    (3 results)

All 2019 2017 2016

All Journal Article (1 results) (of which Open Access: 1 results) Presentation (1 results) Book (1 results)

  • [Journal Article] “Was Adam Smith a Proponent of Absolute Advantage Theory? A formative history of an urban legend and lessons learned”2019

    • Author(s)
      Satoshi Yoshii, Takahiro Fujimoto, and Yoshinori Shiozawa
    • Journal Title

      NUCB Discussion Paper Series

      Volume: NO 19003 Pages: 1-43

    • Related Report
      2019 Annual Research Report
    • Open Access
  • [Presentation] J. S. ミルはなぜ需給原理を基本原理としたのか?2016

    • Author(s)
      吉井哲
    • Organizer
      経済学史学会第80回全国大会
    • Place of Presentation
      東北大学
    • Year and Date
      2016-05-21
    • Related Report
      2016 Research-status Report
  • [Book] A New Construction of Ricardian Theory of International Values: Analytical and Historical Approach2017

    • Author(s)
      Editors: Yoshinori Shiozawa, Tosihiro Oka, Taichi Tabuchi
    • Total Pages
      303
    • Publisher
      Springer
    • Related Report
      2016 Research-status Report

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Published: 2016-04-21   Modified: 2021-02-19  

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