"It is a measure of Professor Samuelson’s preeminence that the sheer scale of his work should be so much taken for granted," a reviewer for the Economist once observed, marking both Paul Samuelson’s influence and his astonishing prolificacy. Volumes 6 and 7 gather the Nobel Laureate’s...

The notion of bounded rationality was initiated in the 1950s by Herbert Simon; only recently has it influenced mainstream economics. In this book, Ariel Rubinstein defines models of bounded rationality as those in which elements of the process of choice are explicitly embedded. The book focuses...

These sixteen essays are drawn from a body of work strongly influenced by the thought of Joseph A. Schumpeter. They are particularly appropriate in a time when low rates of growth have become the norm in the Western world and much of the economic debate focuses on prescriptions for industrial...