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THE AUMANN-DRÈZE VALUE, THE WI...
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Modeling Economic Growth: Domar on Moving Equilibrium
Boianovsky, Mauro
-
2015
The paper investigates Evsey's Domar's introduction of the rate of growth as a variable in economics in the 1940s and 1950s . Domar investigated the nature of what he called the "moving equilibrium" of ec onomic processes with infinite duration. Reactions to Domar' s approach at the time brought...
Persistent link: https://www.econbiz.de/10011592244
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2
Game Theory and Cold War Rationality: A Review Essay
Weintraub, E. Roy
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2016
This essay reviews new histories of the role of game theory and rational decision-making in shaping the social sciences, economics among them, in the post war period. The recent books The World the Game Theorists Made by Paul Erickson and How Reason Almost Lost Its Mind by Paul Erickson, Judy...
Persistent link: https://www.econbiz.de/10011592253
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Implementation Rationality: The Nexus of Psychology and Economics at the RAND Logistics Systems Laboratory, 1956-1966
Klein, Judy L.
-
2015
In October 1956, the RAND Corporation establis hed the Logistics Systems Laboratory (LSL) with the goal of using simulation to translate the broad findings of normative microeconomics into detailed, implementable pr ocedures for US Air Force oper ations. The laboratory was housed in the training...
Persistent link: https://www.econbiz.de/10011592243
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4
It's fundamental: Welfare theorems, market failures, and the turn from "public finance" to "public economics"
Medema, Steven G.
-
2022
In a paper delivered at the December 1955 meeting of the Econometric Society, Paul Samuelson noted that though economists had done "work of high quality and great quantity in the field of taxation," the theory of public expenditure had been "relatively neglected" (1958, 332). Anglo-American...
Persistent link: https://www.econbiz.de/10013412954
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5
Paul Samuelson's ways to macroeconomic dynamics
Boianovsky, Mauro
-
2019
stability
analysis by D.F. Gordon, D. Patinkin and others, it was only in the 1970s that Samuelson's separation was effectively …
Persistent link: https://www.econbiz.de/10012006484
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Clower's about-face regarding the 'Keynesian Revolution'
Plassard, Romain
-
2015
R obert W. Clower's article "The Keynesian Counter - Revolution: A Theoretical Appraisal" (1965) deeply influenced the course of Keynesian macroeconomics by contributing to the transition from IS/LM macroeconomics to fix - price theories. Des pite this influence, no scholar proposed to explain...
Persistent link: https://www.econbiz.de/10011592247
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7
Paul Samuelson's Historiography: More Wag Than Whig
Weintraub, E. Roy
-
2015
In this review essay of Medema's and Waterman's collection of some of Samuelson's writings in the history of economics, the author argues that Samuelson's claim to have written "Whig History" is spurious. Moreover the author argues that Samuelson's own writings on modern economics are , whether...
Persistent link: https://www.econbiz.de/10011592248
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8
Disequilibrium as the origin, originality, and ambivalences of Clower's microfoundations of monetary theory
Plassard, Romain
-
2016
Robert W. Clower's article "A Reconsideration of the Microfoundations of Monetary Theory" (1967) deeply influenced the course of modern monetary economics. On the one hand, it revealed the deadlocks of Don Patinkin's project to integrate monetary and Walrasian value theory. On the other hand, it...
Persistent link: https://www.econbiz.de/10011613806
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9
Is equilibrium enough and was Stigler wrong? Value theory in the Böhm-Bawerk / Fisher controversies
Cohen, Avi J.
-
2011
The interest-rate controversies between Böhm-Bawerk and Fisher have attracted little attention and, in the opinion of most commentators, justifiably so. Böhm-Bawerk and Fisher argue over what appear to be two minor issues – Böhm-Bawerk's claims that his third cause of interest (productivity...
Persistent link: https://www.econbiz.de/10011592184
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10
Remembering Mark Blaug
Caldwell, Bruce
-
2012
In the paper I offer some vignettes on my relationship, both professional and personal, with Mark Blaug, and by way of example reflect on his impact on the history of economics.
Persistent link: https://www.econbiz.de/10011592195
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