Neil de Marchi

Professor Emeritus of Economics

Internal Office Address: 
Box 90097, Durham, NC 27708-0097
(919) 660-1834

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. He recently received a generous grant from the Luce Foundation for an economics/art history collaboration that he shared with Goodwin, Van Miegroet, and Wharton. This research explores the political economy of spaces, creates arguments for the arts, and maps European markets for paintings from the years 1450-1750.

De Marchi has been publishing his research and ideas in academic journals for almost four decades. 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 Stewart Mill for The Handbook of Economic Methodology. Recent titles of his other works include, “Brueghel in Paris” and “The History of Art Markets,” both with Hans J. Van Miegroet; and “Smith and Hume on the Arts, Pleasure, and the Public Interest,” a contribution to the Luce-funded project pertaining to arguments for the arts.

As a professor, De Marchihas served as chair or co-chair for over ten doctoral dissertation committees since 1986. Although he has spent most of his career in academia, Neil has also held positions within the professional world of economics, including his service as director of research for the Economics Research Department of the ABN Bank, Amsterdam, from 1980-83. He currently serves as an associate editor for the journal History of Political Economy.


  • Ph.D., Australian National University (Australia) 1970
  • B.A., University of Oxford (UK) 1964
  • B.Ec., University of Western Australia (Australia) 1960

Marchi, ND, and Miegroet, HJV. "Chapter 3 The History of Art Markets." Handbook of the Economics of Art and Culture 1 (2006): 69-122. Full Text

Marchi, ND, and Greene, JA. "Adam Smith and private provision of the arts." History of Political Economy 37, no. 3 (2005): 431-454. Full Text

Marchi, ND, Goodwin, C, and Weintraub, ER. "History of economics for the nonhistorian: A collection of papers." History of Political Economy 36, no. 4 (2004): 587-588.

Marchi, ND, and Weintraub, ER. "Visualizing the gains from trade, mid-1870s to 1962." European Journal of the History of Economic Thought 10, no. 4 (2003): 551-572. Full Text

Marchi, ND, and Miegroet, HJV. "Ingenuity, preference, and the pricing of pictures: The Smith-Reynolds connection." History of Political Economy 31, no. SUPPL. 1 (1999): 411-412.

De Marchi, N. "Comment on Niehans, Multiple discoveries’." The European Journal of the History of Economic Thought 2, no. 2 (September 1995): 275-279. Full Text

Marchi, ND. "The role of Dutch auctions and lotteries in shaping the art market(s) of 17th century Holland." Journal of Economic Behavior and Organization 28, no. 2 (1995): 203-221.

Kim, J, Marchi, ND, and Morgan, MS. "Empirical model particularities and belief in the natural rate hypothesis." Journal of Econometrics 67, no. 1 (1995): 81-102. Open Access Copy

Marchi, ND, and Miegroet, HJV. "Art, Value, and Market Practices in the Netherlands in the Seventeenth Century." The Art Bulletin 76, no. 3 (September 1994): 451-464. Full Text


Goodwin, CD. "Economics meets esthetics in the bloomsbury group." In Sublime Economy: On the Intersection of Art and Economics, 137-151. November 18, 2008. Full Text

De Marchi, N. "Reluctant partners: Aesthetic and market value, 1708-1871." In Sublime Economy: On the Intersection of Art and Economics, 95-111. November 18, 2008. Full Text

Michaels, R, and Jansen, N. "Introduction." In Beyond the State: Rethinking Private Law, 1-12. Mohr Siebeck, 2008. (Chapter)

De Marchi, N. "Smith on ingenuity, pleasure, and the imitative arts." In The Cambridge Companion to Adam Smith,136-157. January 1, 2006. Full Text

To support the expansion of the Center for European Studies' ongoing initiative in international and human rights law awarded by Josiah Charles Trent Memorial Foundation (Principal Investigator). 2001