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This paper is an exploration of the genesis of Paul Samuelson's Foundations of Economic Analysis (1947) from the perspective of his commitment to Edwin B. Wilson's mathematics. The paper sheds new lights on Samuelson's Foundations at two levels. First, Wilson's foundational ideas, embodied in...
Persistent link: https://www.econbiz.de/10012932192
This article takes a fresh look at reswitching. When two production techniques are compared, reswitching occurs when one technique is more viable than the other at a high interest rate, switches to being less viable at a lower rate, and reswitches to being more viable again at even lower rates....
Persistent link: https://www.econbiz.de/10012995050
Economics today is a model building and testing science. But scientific economics was not always understood in terms of models. Economics first emerged as a separate field of scientific study in post-bellum America. The laissez-faire orientation of early American moral philosophy gave way to...
Persistent link: https://www.econbiz.de/10013044442
This paper challenges the widely held notion that the developments in computing are sufficient to explain the recent turn to applied economics. Developments in computer hardware were undoubtedly important. Yet, economists' appropriation of the new techniques allowed by computerization were...
Persistent link: https://www.econbiz.de/10014127387
We revisit the Cournot–Bertrand debate in the light of Cournot, Edgeworth and Launhardt, tracing back to Launhardt the origin of price competition in duopoly models with constant returns to scale. Then, we discuss the formalisation of consumer utility function for differentiated products,...
Persistent link: https://www.econbiz.de/10014136804
This paper extends various arguments in the recent historical literature on Soviet mathematical economics during the Cold War. It will examine some of the tensions associated with the attempt to blend Walrasian economics and Soviet planning. The main argument is that the two literatures crossed...
Persistent link: https://www.econbiz.de/10013004769
Philosophy of current knowledge distinguishes facts from values. It maintains that facts are objective, indisputable, universally verifiable and do not require to persuade. Since rhetoric is persuasion it is assumed to be deceptive and overlook reality. Therefore, statistics in its current form...
Persistent link: https://www.econbiz.de/10012610980
Young adult literature (YAL) is an important and necessary part of moral upbringing in teenagers and young adult lives The present study seeks to investigate the effect of young adult literature on the morals of students in high school. The study utilizedthe quasiexperimental cum survey design...
Persistent link: https://www.econbiz.de/10014240713
Philosophy of current knowledge distinguishes facts from values. It maintains that facts areobjective, indisputable, universally verifiable, and do not require to persuade. Since rhetoricis persuasion it is assumed to be deceptive and overlook reality. Therefore, statistics in itscurrent form...
Persistent link: https://www.econbiz.de/10013323924
Philosophy of current knowledge distinguishes facts from values. It maintains that facts are objective, indisputable, universally verifiable and do not require to persuade. Since rhetoric is persuasion it is assumed to be deceptive and overlook reality. Therefore, statistics in its current form...
Persistent link: https://www.econbiz.de/10012265790