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Neil De Marchi

Neil De Marchi is a astronomy topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand Neil De Marchi rather than just read about it. In short: Neil De Marchi (born 1938), is an Australian economist and historian of economic thought and is a professor at Duke University. De Marchi specializes in both teaching and research that pertains to the history of economic ideas and the history of markets, and also the functioning of markets, with a specific focus on art markets.

Key takeaways

  • Neil De Marchi belongs to astronomy; place it in that map before memorising details.
  • Learn the definition first, then one example that makes the definition concrete.
  • Connect Neil De Marchi to a quantity you can measure, compute or draw — that is where exam questions come from.
  • Reproduce the core statement of Neil De Marchi from memory before moving on to harder problems.

Reference excerpt

Neil De Marchi (born 1938), is an Australian economist and historian of economic thought and is a professor at Duke University. De Marchi specializes in both teaching and research that pertains to the history of economic ideas and the history of markets, and also the functioning of markets, with a specific focus on art markets. His works have appeared in such journals as the Journal of Economic Behavior and Organization, the Journal of Econometrics, the European Journal for the History of Economic Thought, and the Art Bulletin. He has also contributed to pieces within various books, having written introductions to such works as “Idealization in Economics, Poznan Studies 38,” and a biographical entry of John Stuart Mill for The Handbook of Economic Methodology. De Marchi received his Ph.D. from the Australian National University in 1970, after completing his B.Phil. in economics at the University of Oxford. He also obtained his B.Ec. with first-class honors in 1960 from the University of Western Australia. He is a Distinguished Fellow of the History of Economics Society.

Selected publications "The Empirical Content and Longevity of Ricardian Economics," Economica, 1970 "Mill and Cairnes and the Emergence of Marginalism in England," History of Political Economy, 1972 "‘The Noxious Influence of Authority’: A Correction of Jevons’ Charge," Journal of Law and Economics, 1973 "Malthus and Ricardo’s Inductivist Critics: Four Letters to William Whewell,"(with R.P. Sturges), Economica, 1973 "The Success of Mill’s Principles," History of Political Economy, 1974 "Anomaly and the Progress of Economics: The Case of the Leontief Paradox," in Spiro J. Latsis (ed.), Method and Appraisal in Economics, 1976 "On the Early Dangers of Being too Political an Economist: Thorold Rogers and the 1868 Election to the Drummond Professorship," Oxford Economic Papers, 1976 "The Case for James Mill," in A.W. Coats (ed.), Methodological Controversy in Economics: Historical Essays in Honour of T.W. Hutchison, 1983 "HOPE and the Journal Literature in the History of Economic Thought," (with John Lodewijks) History of Political Economy, 1983 "Methodology: A Comment on Boland and Frazer, I," (with Abraham Hirsch), AER, 1984 "Mill’s Unrevised Philosophy of Economics. A Comment on Hausman," Philosophy of Science 1986 "Making a Case when Theory is Unfalsifiable: Friedman’s Monetary History,” (with Abraham Hirsch), Economics and Philosophy, 1986 "Abstinence", "Non-competing Groups", "Paradoxes and Anomalies", "Nassau Senior", in John Eatwell, Murray Milgate and Peter Newman (eds.), The New Palgrave Dictionary of Economics, 1987 "John Stuart Mill Interpretation since Schumpeter", in Willam Thweatt(ed.), Classical Political Economy, 1988 The Popperian Legacy in Economics (edited, with introduction), 1988 Milton Friedman. Economics in Theory and Practice (with Abraham Hirsch), 1990. "League of Nations Economists and the Ideal of Peaceful Change in the 1930s", (with Peter Dohlman), in Economics and National Security. Annual Supplement to History of Political Economy, 1991 de Marchi, Neil; Blaug, Mark (1991). Appraising economic theories : studies in the methodology of research programs. Aldershot, Hants, England Brookfield, Vt: Edward Elgar Publishing Co. ISBN 9781852785154. Post-Popperian Methodology of Economics (edited, with introduction), 1992 Non-Natural Social Science. Reflecting on the Enterprise of 'More Heat Than Light'. Annual Supplement to History of Political Economy (ed.), 1993 Idealization in Economics (ed. with Bert Hamminga), Poznan Studies, 1994 "Art, Value, and Market Practices in the Seventeenth Century Netherlands", (with Hans J. Van Miegroet), Art Bulletin, 1994 Higgling. Transactors and Their Markets in the History of Economic Thought. Annual Supplement to History of Political Economy, (ed.with Mary S. Morgan), 1994

References

Prof. De Marchi's webpage at Duke University Franklin Humanities Institute's Recycle Seminar

External links A History of the HOPE Group, Duke University website

Worked examples

Example 1 — a first encounter with Neil De Marchi

Start with the simplest possible case. Write down what Neil De Marchi claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In astronomy, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to Neil De Marchi before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about Neil De Marchi ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of Neil De Marchi

In research
Neil De Marchi appears in astronomy research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry
Engineering practice reuses Neil De Marchi in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom
Neil De Marchi is common in secondary-school and first-year university syllabi. It links to neighbouring topics 1957 births, 20th-century Australian economists, Alumni of the University of Oxford, so understanding it makes those chapters shorter.
In everyday life
Look for Neil De Marchi outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.
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How to study Neil De Marchi in 20 minutes

  1. Read the reference excerpt below once, without taking notes.
  2. Close the page and write down what Neil De Marchi means in your own words.
  3. Compare your version with the excerpt and mark what you missed.
  4. Work through the three examples above with pen and paper.
  5. Explain Neil De Marchi out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is Neil De Marchi in simple terms?

Neil De Marchi (born 1938), is an Australian economist and historian of economic thought and is a professor at Duke University. De Marchi specializes in both teaching and research that pertains to the history of economic ideas and the history of markets, and also the functioning of markets, with a…

Why does Neil De Marchi matter?

Because it connects several astronomy ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study Neil De Marchi?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on Neil De Marchi.

Tags

  • 1957 births
  • 20th-century Australian economists
  • Alumni of the University of Oxford
  • Historians of economic thought
  • Living people

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