Edward J. Nell | |
|---|---|
| Born | July 16, 1935 Riverside, Illinois, U.S. |
| Nationality | American |
| Education | Princeton University (BA) Magdalen College, Oxford (BA) Nuffield College, Oxford (DPhil) |
| Academic career | |
| Institution | New School for Social Research |
| Field | Macroeconomics, development economics, monetary analysis, finance, philosophy of economics |
| School or tradition | Post-Keynesian economics Georgism |
Edward J. Nell (born July 16, 1935) is an American economist and a former professor at the New School for Social Research. Nell was a member of the New School faculty from 1969 to 2014. He achieved the rank of Malcolm B. Smith Professor of Economics in 1990.
Nell's contributions are in the field of macroeconomic theory, monetary analysis and finance, economic methodology and philosophy, and development.[1] His articles on economic theory and methodology have appeared in leading journals like the American Economic Review, the Journal of Political Economy, the Journal of Economic Literature, Cambridge Journal of Economics, Eastern Economic Journal, Review of Political Economy, Economic Development and Cultural Change, Analysis, and Social Research.[2]
Nell is known for his critical view of the methodological and philosophical foundations of neoclassical economics, examined in his best known book Rational Economic Man (Cambridge University Press, 1975) and coauthored with English rationalist philosopher Martin Hollis.[3] Nell is also the originator of the General Theory of 'Transformational Growth'. The full development of the General Theory of Transformational Growth came in the 90s, and was published as The General Theory of Transformational Growth (Cambridge University Press, 1998).[4] The methodology/philosophy which underlies the Theory of Transformational Growth is a form of realism, based on filling in 'conceptual truths' by doing fieldwork and then building models of solidly based institutionally grounded relationships.[5]
- ^ For an account of Nell's contributions to economics see G. Argyrous, M. Forstater and G. Mongiovi (eds.) (2004) Growth, Distribution, And Effective Demand: Essays in Honor of Edward J. Nell. New York: M.E. Sharpe.
- ^ For a brief overview of Nell's work see The University of Missouri – Kansas City Center for Full Employment and Price Stability (www.cfeps.org/people/nellej/)
- ^ For a review essay of the book see DON C. LAVOIE (1977) From Hollis and Nell to Hollis and Misses. Review-essay of Martin Hollis and Edward J. Nell, Rational Economic Man: A Philosophical Critique of Neo-Classical Economics (London: Cambridge University Press).Journal of Libertarian Studies. Vol. 1. No. 4, pp. 325–336.
- ^ For a review essay of the book see S. Abu Turab Rizvi (1998) The General Theory of Transformational Growth, (London: Cambridge University Press, 1998,by Edward J. Nell). Journal of Economic Literature. Vol. 36, No. 4, Dec., 1998. For an account of the Theory of Transformational Growth see Ross Thomson (2004) Transformational Growth and the Universality of Technology. In Argyrous, G., Forstater, M and Mongiovi, G. (eds.) (2004) Growth, Distribution, And Effective Demand: Essays in Honor of Edward J. Nell. New York: M.E. Sharpe.
- ^ For an account of the methodology/philosophy which underlies the Theory of Transformational Growth see Nell, E.J. (2004) Critical Realism and Transformational Growth. In Transforming Economics. Edited by P. Lewis. London: Routledge. 76–95.
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