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This paper evaluates the contribution of Risk, Uncertainty, and Profit to the development ofeconomic theory in the 20th century. Our argument in this paper is twofold. First, we contend thatthis book embodied what had been the common knowledge of early neoclassical economics priorto WWII....
Persistent link: https://www.econbiz.de/10013243086
This paper contextualizes the contribution of Risk, Uncertainty, and Profit to the development of economic theory in the 20th century. Our argument in this paper is twofold. First, we contend that this book embodied what had been the common knowledge of early neoclassical economics prior to...
Persistent link: https://www.econbiz.de/10014091141
The history of modern economics abounds with pleas for more pluralism as well as pleas for more unification. These seem to be contradictory goals, suggesting that pluralism and unification are mutually exclusive, or at least that they involve trade-offs with more of one necessarily being traded...
Persistent link: https://www.econbiz.de/10012823640
This paper re-examines the origins of Paul A. Samuelson's Foundations of Economic Analysis (1947), a book that helped define the way economic theory was undertaken for many years after its publication. Material taken from Samuelson's own papers and other archives is used to elaborate and correct...
Persistent link: https://www.econbiz.de/10013032180
Using information collected from American Economic Review publications of the last 100 years, we try to provide answers to various questions: Which are the top AER publishing institutions and countries? Which are the top AER papers based on citation success? How frequently is someone able to...
Persistent link: https://www.econbiz.de/10013127694
The present paper, following the philosophical work of Robert Nozick, intends to develop the approach of simplicity in the economic investigation. This purpose contributes to structure a heuristic for projects of investigation that can serve like mark of discussion of grade projects in the...
Persistent link: https://www.econbiz.de/10013147842
Traditionally, students of economics have often been told that it is a non-experimental science. Using a quantitative and qualitative analysis of introductory economics textbooks, we track the historical evolution of this rhetoric from 1970 to the present day. We find that anti-experimental...
Persistent link: https://www.econbiz.de/10012297595
This paper provides a systematic assessment of academic economics teaching, research and policy advice in Germany. It assembles recent empirical studies and contributes by presenting their main findings in a comprehensible manner as well as contextualizing them in the current economic and...
Persistent link: https://www.econbiz.de/10012208662
This chapter explores the evolution and contribution of social economics to modern political economic analysis. It reviews the origins and early history of social economics, discusses more fully recent postwar social economics, and then identifies new themes in social economics’ current...
Persistent link: https://www.econbiz.de/10013227377
The neoclassical synthesis has been defined as a bridge between Keynesian theory and Walrasian general equilibrium theory. The aim of this article is to show that founders of the neoclassical synthesis were not homogenous in their appraisal of the importance of Walrasian theory. To do so, we...
Persistent link: https://www.econbiz.de/10012854082