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This paper overviews the evolution of economics at the University of Western Australia (UWA) in the thirty years to 1992, with attention given to the leadership of professorial staff, fragmentation in the vision for the economics program and the role of research and research training in that...
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In view of the distinct and seminal contributions of Pareto and Pigou to the economics of welfare, Pigou’s enduring influence in the field of public finance and Pareto’s hostility to developments in that field of study, the lack of a comparative study of their contributions is unfortunate....
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From the early 1960s onwards, Arnold Zellner has been publishing influential papers in the areas of statistical theory, econometric applications and macroeconomic modelling. This conversation canvasses Zellner’s transition from physics to economics, the reason for the renewal of interest in...
Persistent link: https://www.econbiz.de/10008539832
In the 1896-97 Cours d’Économie Politique and the 1906 Manuale di Economia Politica, Vilfredo Pareto made no use of the ‘Fisherian’ type quantity theory equations of exchange that Walras developed in the 1874 edition of the Éléments d’Économie Politique Pure and completely ignored...
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This paper reviews the 1902-03 polemic between Vilfredo Pareto and Gaetano Scorza, an Italian mathematician, on the validity of what is now referred to as the first law of welfare economics--i.e. the proposition that a point of equilibrium determined under conditions of free competition is...
Persistent link: https://www.econbiz.de/10005193036