Why William Paley was 'the first of the Cambridge economists'
分析佩利《道德与政治哲学原理》第11章的经济思想,构建两部门宏观模型,解释其对马尔萨斯和凯恩斯的重要性,以及为何被古典传统忽视。
Keynes suggested that Paley was ‘the first of the Cambridge economists’ because of chapter XI in Principles of Moral and Political Philosophy (1785), which contains an analysis of the general interdependence of ‘provisions’ and ‘luxury’ goods. After describing the intellectual content of Paley's political economy, the article presents a two-sector, macroeconomic model which captures the analytical content of chapter XI. The model is then used to explain why Paley's work was so important for Malthus and so interesting to Keynes; and why it should have been ignored by all writers in the ‘classical’ tradition ever since.