Showing 1 - 10 of 1,162
In 1913, the Cambridge logician W.E. Johnson published a famous article on demand theory in the Economic Journal. Although Johnson’s treatment of the subject strongly resembles the analysis set forth by Pareto in the Manual of Political Economy, Johnson does not cite the Italian economist....
Persistent link: https://www.econbiz.de/10005412541
Marshall's theory of capital was designed to serve two main purposes: an integration of the theory of income distribution into a general theory of value and the closing of the gap between economic theory and business practice. For the first purpose, capital was considered the reward for the...
Persistent link: https://www.econbiz.de/10011111391
The most important financial source for behavioral economics is the Russell Sage Foundation (RSF). The most prominent behavioral economists among the RSF’s twenty-six member Behavioral Economics Roundtable (BER) are Kahneman, Tversky, Thaler, Camerer, Loewenstein, Rabin, and Laibson. The...
Persistent link: https://www.econbiz.de/10011256865
Most late 19th-century US economists gave a rather cool welcome to the Sherman Act (1890) and, though less harshly, to the Clayton and FTC Acts (1914). A large literature has identified several explanations for this surprising attitude, calling into play the relation between big business and...
Persistent link: https://www.econbiz.de/10011259719
This is an entry produced for the Handbook of the History of Economic Analysis, edited by Gilbert Faccarello and Heinz D. Kurz. Cheltenham, UK and Northampton, MA, USA: Edward Elgar, forthcoming.
Persistent link: https://www.econbiz.de/10011260229
Persistent link: https://www.econbiz.de/10011092622
The aim of this paper is to investigate in some detail the origins of Knight’s antipositism and to assess the main influences that brought him to a change in methodological perspective after 1921. As importantly, what follows is also an attempt to increase our general understanding of the...
Persistent link: https://www.econbiz.de/10011123769
Few problems in decision theory have raised more persisting interest than the Allais paradox. It appears that sufficiently many brilliant works have addressed it from within decision theory proper for history and philosophy of science now to enter the stage. In its historical side, the paper...
Persistent link: https://www.econbiz.de/10011187970
The paper is concerned with the economic theory of Milton Friedman. First part outlines the life of Milton Friedman. Second part examines his economic theory – “Essays in Positive Economics” (1953), “Studies in the Quantity Theory of Money“ (1956), „A Theory of the Consumption...
Persistent link: https://www.econbiz.de/10011195045
This introduction aims to offer a preliminary reading to the collection of essays presented in the volume. It describes how the Great Depression of the 1930s was interpreted by the group of young Italian economists connected with the Catholic University of Milan and its periodical the Rivista...
Persistent link: https://www.econbiz.de/10010786871