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In the decades following WWII, the Cowles Commission for Research in Economics came to represent new technical standards that informed most advances in economic theory. The public emergence of this community was manifest at a conference held in June 1949 titled Activity Analysis of Production...
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Finding Equilibrium explores the post-World War II transformation of economics by constructing a history of the proof of its central dogma--that a competitive market economy may possess a set of equilibrium prices. The model economy for which the theorem could be proved was mapped out in 1954 by...
Persistent link: https://www.econbiz.de/10010489316
Finding Equilibrium explores the post-World War II transformation of economics by constructing a history of the proof of its central dogma-that a competitive market economy may possess a set of equilibrium prices. The model economy for which the theorem could be proved was mapped out in 1954 by...
Persistent link: https://www.econbiz.de/10014481967