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Classical Macroeconomics and for Real Business Cycle Theory. These are intellectual movements that engage many of the best …
Persistent link: https://www.econbiz.de/10005464011
Irving Fisher's Ph.D. thesis, submitted to Yale University in 1891, contains a fully articulated general equilibrium model presented with the broad scope and formal mathematical clarity associated with Walras and his successors. In addition, Fisher presents a remarkable hydraulic apparatus for...
Persistent link: https://www.econbiz.de/10005087363
Schumpeter regarded "The Nature of Capital and Income" as one of the three of Fisher's contributions to general theory … theory of the 1892 dissertation and the extension of that theory to intertemporal choices in production and consumption in … the theory of interest. …
Persistent link: https://www.econbiz.de/10005087409
ideal commodity bundle. Irving Fisher also developed and advocated the impatience theory of interest. But in OLG economies …
Persistent link: https://www.econbiz.de/10005761445
Eduard Marz's book was first published in German in 1983. I have read only his English translation, which he had completed with preliminary revisions, though not alas with final polishing, before his death in 1987. The book illuminates for us who knew him in America the intellectual and personal...
Persistent link: https://www.econbiz.de/10005762564
Behavioral economics has played a fundamental role historically in innovation in economic institutions, even long before behavioral economics was recognized as a discipline. Examples from history, notably that of the invention of workers’ compensation, illustrate this point. Though scholarly...
Persistent link: https://www.econbiz.de/10005463858
Recently Cherchye et al. (2011) reformulated the Walrasian equilibrium inequalities, introduced by Brown and Matzkin (1996), as an integer programming problem and proved that solving the Walrasian equilibrium inequalities is NP-hard. Following Brown and Shannon (2000), we reformulate the...
Persistent link: https://www.econbiz.de/10011124282
We propose a formal model of scientific modeling, geared to applications of decision theory and game theory. The model … shed some light on the distinctions between (i) refutation of a theory and a paradigm, (ii) notions of rationality, (iii …
Persistent link: https://www.econbiz.de/10010928978
Recently Cherchye et al. (2011) reformulated the Walrasian equilibrium inequalities, introduced by Brown and Matzkin (1996), as an integer programming problem and proved that solving the Walrasian equilibrium inequalities is NP-hard. Brown and Shannon (2002) derived an equivalent system of...
Persistent link: https://www.econbiz.de/10010934351
Recently Cherchye et al. (2011) reformulated the Walrasian equilibrium inequalities, introduced by Brown and Matzkin (1996), as an integer programming problem and proved that solving the Walrasian equilibrium inequalities is NP-hard. Brown and Shannon (2002) derived an equivalent system of...
Persistent link: https://www.econbiz.de/10010934353