The present study raises the following questions: To what extent is axiomatic general equilibrium analysis a rational reconstruction of Scottish Political Economy as defined by the writings of David Hume and Adam Smith? How much is gained and how much lost by the axiomatic transformation of the...

This paper aims to contribute to the literature on the intellectual history of the economics discipline by delving into the history of the the sawtooth wages model, namely: the behavior of periodically-adjusted fixed nominal wages under persistent inflationary conditions. Ranging from the...

The first meeting of the Econometric Society took place in Lausanne in 1931. Ragnar Frisch played a major role in the meeting of European scholars interested in the econometric program. This documentary account offers details about the participation, presentations, post-meeting events and the...

The journal of the Econometric Society, Econometrica, was established in 1933 and edited by Ragnar Frisch for the first 22 years. As a new journal Econometrica had three key characteristics. First, it was devoted to a research program stated in few but significant words in the constitution of...

Commitment to the behaviorist approach to utility theory, to the usefulness of mathematics in economic analysis and to equalization of the marginal utility of income as a principle of just taxation brought Irving Fisher and Ragnar Frisch to attempt to measure the marginal utility of income, and...

Combining concrete policy-oriented modeling strategies of World War II with what was received as traditional neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning “design” model that served many different purposes. As a working object it enabled...

Spanish Abstract: Raúl Prebisch fue sin duda uno de los economistas más reconocidos e influyentes de América Latina, tanto por sus aportes teóricos para el desarrollo de la región como por su participación en la creación institucional. En este trabajo nos proponemos repasar en forma...

Lawrence R. Klein (1920-2013) played a major role in the construction and in the further dissemination of econometrics from the 1940s. Considered as one of the main developers and practitioners of macroeconometrics, Klein's influence is reflected in his application of econometric modelling “to...