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This is the seventh book in a series of discussions about the great minds in the history and theory of finance. While the series addresses the contributions of scholars in our understanding of financial decisions and markets, this seventh book describes how econometrics developed and how its...
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Chapter 1. General Introduction: Why Should We Study the History of Economic Theory? -- Chapter 2. Introduction -- Chapter 3. Economics in Cambridge: Alfred Marshall, the Old Cambridge School, and Their Opponents in England -- Chapter 4. Economics in Lausanne: Vilfredo Pareto and the Lausanne...
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Traditionally, students of economics have often been told that it is a non-experimental science. Using a quantitative and qualitative analysis of introductory economics textbooks, we track the historical evolution of this rhetoric from 1970 to the present day. We find that anti-experimental...
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The work of Raúl Prebisch is typically summarized by two of his important contributions to development economics: the center-periphery paradigm together with his diagnosis of Latin America's development struggles. Recent investigations have, however, shed light on the nature of Prebisch's early...
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