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What Can We Learn about Frank Knight’s Economic Theory from the Prefaces to the Reprints of Risk, Uncertainty and Profit?

Emmett, Ross B. - 2020

Frank H. Knight's classic, Risk, Uncertainty and Profit, became a standard textbook and reference for students at the University of Chicago, the London School of Economics and Political Science, and elsewhere from the 1930s until at least the 1950s. Knight never published new or revised editions...

Persistent link: https://www.econbiz.de/10012849198

An Analysis of Carl Menger's Economic Theory

Mallios, Spyros - 2017

In the first chapter I present my point of view that Menger's theoretical approach may more properly be called relationism, rather than objectivism or subjectivism. In the second chapter I present the thoughts presented in Carl Menger's Principles of Economics in an axiomatic way. The purpose is...

Persistent link: https://www.econbiz.de/10012941635

F.A. Hayek's genealogy

Caldwell, Bruce; Klausinger, Hansjörg - 2021

This working paper - like its companion, Caldwell and Klausinger 2021 - grew out of the authors' joint work on Hayek: A Life, 1899-1950 (Caldwell and Klausinger 2022) and it contains material supplementing it. This paper draws to a large extent on Friedrich Hayek's own investigations into the...

Persistent link: https://www.econbiz.de/10012515260

Tugan‑Baranovsky and the West

Allisson, François - In: Russian journal of economics 7 (2021) 1, pp. 19-33

Mikhail Tugan‑Baranovsky was one of the most prolific Russian economists at the turn of the 19–20th centuries. His thought was largely influenced by Western ideas, like most of his fellow Russian economists. But Tugan‑Baranovsky’s theories in turn also influenced Western economic thought...

Persistent link: https://www.econbiz.de/10012599544

Mathematical economics comes to America : Charles S. Peirce's engagement with Cournot's recherches sur les principes mathematiques de la théorie des richesses

Wible, James R.; Hoover, Kevin D. - 2013 - Revised, 18 July 2013

Although Cournot's mathematical economics was generally neglected until the mid- 1870s, he was taken up and carefully studied by the Scientific Club of Cambridge, Massachusetts even before his "discovery" by Walras and Jevons. The episode is reconstructed from fragmentary manuscripts of the...

Persistent link: https://www.econbiz.de/10011707594

Lectures on John Maynard Keynes’ General Theory of Employment, Interest and Money (2) : Chapter 2, 'The Postulates of the Classical Economics'

Ferguson, Brian S. - 2013

Chapter 2 is one of the most important chapters in the General Theory. Not only does it set out Keynes' disagreements with key elements of the classical model, it lays out his own model of the working of the labour market, which underlies the analysis in the remainder of the General Theory. The...

Persistent link: https://www.econbiz.de/10013077473

Mathematical Economics Comes to America : Charles S. Peirce's Engagement with Cournot's Recherches Sur Les Principes Mathematiques De La Théorie Des Richesses

Wible, James R. - 2013

Although Cournot's mathematical economics was generally neglected until the mid-1870s, he was taken up and carefully studied by the Scientific Club of Cambridge, Massachusetts even before his “discovery” by Walras and Jevons. The episode is reconstructed from fragmentary manuscripts of the...

Persistent link: https://www.econbiz.de/10013078489

Finance, Trade, Man and Machines: A New-Ricardian Heckscher-Ohlin-Samuelson Model

Marjit, Sugata; Das, Gouranga Gopal - 2022

This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and trade where capital is introduced … trade only nominal factor prices. International financial flows will not alter pattern of trade, but movement of labour and … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …

Persistent link: https://www.econbiz.de/10013266637

Finance, trade, man and machines: a new-Ricardian Heckscher-Ohlin-Samuelson model

Marjit, Sugata; Das, Gouranga Gopal - 2022

Persistent link: https://www.econbiz.de/10013173767

Adam Smith, the Patterns of Foreign Trade and the Division of Labour : A Country as a Jack-of-All-Trades Rather than a Specialist

Schumacher, Reinhard - 2016

Adam Smith is commonly referred to as one of the first who thought of foreign trade in terms of an international … case for foreign trade on this basis. In this article, I will, in contrast, show that Smith does not understand foreign … trade as an international division of labour. Economic progress rather than international trade determines domestic …

Persistent link: https://www.econbiz.de/10012990740