Showing 1 - 10 of 93
In the paper, Edwin B. Wilson's influence on the rise of mathematical economics in America between the 1920s and 1940s … organizational and educational fronts to modernize economics, at this at three levels. First, the paper shows the ways in which … establishing the first program in advanced mathematical and statistical economics at the more local level of Cambridge at Harvard …
Persistent link: https://www.econbiz.de/10011759996
's economics, which was not necessarily and systematically mathematically consistent. Second, Wilson influenced certain theoretical … concerns of Samuelson's economics. Particularly, Samuelson adopted Wilson's definition of a stable equilibrium position of a … the discrete in order to translate the mathematics of the continuous of new-classical economics into formulas of discrete …
Persistent link: https://www.econbiz.de/10011760010
Milton Friedman was the leading public proponent for an all-volunteer military. This chapter traces his influence upon the national debate over conscription, which culminated in Friedman’s service on the Gates Commission. Friedman's argument relied on economic reasoning and appeal to...
Persistent link: https://www.econbiz.de/10011621548
The aim of this paper is to explain the process of diversification of normative economics by presenting the work of two … economics of happiness and the capability approach. They focused on different concepts of well-being: the "joy" of satisfied …, applications, as well as new concepts of well-being, which are measureable, the capability approach and the economics of happiness …
Persistent link: https://www.econbiz.de/10011708267
In the 1950s, Jacques Rueff’s references to social order seem pretty clear: it is not a spontaneous phenomena. Although Rueff is generally seen as a liberal economist, this has prompted commentators to see in his approach something more artificial than Hayek’s own ideas on social order....
Persistent link: https://www.econbiz.de/10014474868
attempts to forge new ways to study the history of contemporary economics, and the role of science studies in providing a …
Persistent link: https://www.econbiz.de/10012063071
This paper conjectures that economics has changed profoundly since the 1970s and that these changes involve a new … understanding of the nature of applied work and hence of economics itself. …
Persistent link: https://www.econbiz.de/10011617408
Standard histories of economics usually treat the "marginal revolution" of the midnineteenth century as both … supplanting the "classical" economics of Smith and Ricardo and as advancing the idea of economics as a mathematical science. The … marginalists - especially Jevons and Walras - viewed Cournot's (1838) book on mathematical economics as a seminal work on which …
Persistent link: https://www.econbiz.de/10011695287
knowledge of mathematical economics, having mastered and criticized Cournot as early as 1871. In 1884 he engaged in a multi …-round debate with the editors of The Nation over the economics of trade liberalization in the case of a proposed trade treaty with … Peirce's understanding of mathematical economics and to his philosophy of science. …
Persistent link: https://www.econbiz.de/10011695498
Richard A. Musgrave (1910-2007) is remembered today as the American economist who established modern foundations for public finance theory in the middle of the twentieth century. His work as a tax expert in developing countries has received little historical scrutiny. Musgrave was the chief...
Persistent link: https://www.econbiz.de/10013207021