Showing 1 - 10 of 29
This paper examines the history of the neoclassical theory of consumer demand from 1871 to 1971 by bringing into play the knowledge theory of the Marburg School, a Neo-Kantian philosophical movement. The work aims to show the usefulness of a Marburg-inspired epistemology in rationalizing the...
Persistent link: https://www.econbiz.de/10005505359
In 1913, the Cambridge logician W.E. Johnson published a famous article on demand theory in the Economic Journal. Although Johnson’s treatment of the subject strongly resembles the analysis set forth by Pareto in the Manual of Political Economy, Johnson does not cite the Italian economist....
Persistent link: https://www.econbiz.de/10005412541
The modelling of bounded rationality is currently pursued by approaches that exhibit a wide diversity of methodologies. This special issue collects five contributions that discuss different methodological aspects of these approaches. In our introduction, we map the variety of methodological...
Persistent link: https://www.econbiz.de/10011134092
When economists have to choose between competing theories, they evaluate not only the theories’ empirical relevance, but also qualities like their simplicity, tractability, parsimony and unifying power. These are called the epistemic virtues of a theory. The present paper proposes a formal...
Persistent link: https://www.econbiz.de/10011126176
The paper shows that cardinal utility entered economic analysis during the Ordinal Revolution initiated by Pareto and not, as many popular histories of utility theory assume, before it. Cardinal utility was the outcome of a discussion begun by Pareto about the capacity of ranking transitions...
Persistent link: https://www.econbiz.de/10011204475
A review essay on Steven G. Medema, The Hesitant Hand: Taming Self- Interest in the History of Economic Ideas, Princeton (nj) and Oxford, Princeton University Press, 2009, pp. xiii+230.
Persistent link: https://www.econbiz.de/10010798955
Persistent link: https://www.econbiz.de/10010798967
A review essay on Francesco Guala, The Methodology of Experimental Economics, New York, Cambridge University Press, 2005, pp. xiv+286.
Persistent link: https://www.econbiz.de/10010902854
Persistent link: https://www.econbiz.de/10010902907