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Modeling Rational Agents
"This book explores the evolution, through the first half of the 20th century, of the key neoclassical concept of rationality. The analysis begins with the development of modern decision theory, covers the interwar debates over the role of perfect foresight and analyzes the first game-theoretic solution concepts of von Neumann and Nash. The author's proposition is that the notion of rationality suffered a profound transformation that reduced it to a formal property of consistency. Such a transformation paralleled that of neoclassical economics as a whole from a discipline dealing with real economic processes to one investigating issues of logical consistency between mathematical relationships."
Predatory Pricing in Antitrust Law and Economics
Can a price ever be too low? Can competition ever be ruinous? Questions like these have always accompanied American antitrust law. They testify to the difficulty of antitrust enforcement, of protecting competition without protecting competitors. As the business practice that most directly raises these kinds of questions, predatory pricing is at the core of antitrust debates. The history of its law and economics offers a privileged standpoint for assessing the broader development of antitrust, its past, present and future. In contrast to existing literature, this book adopts the perspective of the history of economic thought to tell this history, covering a period from the late 1880s to prese...
The Real Economy
A provocative new theory of “the economy,” its history, and its politics that better unites history and economics What is the economy, really? Is it a “market sector,” a “general equilibrium,” or the “gross domestic product”? Economics today has become so preoccupied with methods that economists risk losing sight of the economy itself. Meanwhile, other disciplines, although often intent on criticizing the methods of economics, have failed to articulate an alternative vision of the economy. Before the ascent of postwar neoclassical economics, fierce debates raged, as many different visions of the economy circulated and competed with one another. In The Real Economy, Jonathan L...
The Knowledge We Have Lost in Information
An enlightening examination of the role of information in modern economics and how it influences policy and politics.
Economic Theory and its History
This collection brings together leading economists from around the world to explore key issues in economic analysis and the history of economic thought. This book deals with important themes in economics in terms of an approach that has its roots in the works of the classical economists from Adam Smith to David Ricardo. The chapters have been inspired by the work of Neri Salvadori, who has made key contributions in various areas including the theory of production, the theory of value and distribution, the theory of economic growth, as well as the theory of renewable and deplorable natural resources. The main themes in this book include production, value and distribution; endogenous economic ...
Including a Symposium on Bruce Caldwell's Beyond Positivism after 35 Years
Volume 36A of Research in the History of Economic Thought and Methodology features a symposium on Bruce Caldwell’s Beyond Positivism after 35 years. The volume also features general-research essays from Luis Mireles-Flores and Alain Marciano. Luca Fiorito presents a new discovery from the archives.
A Research Annual
Research in the History of Economic Thought and Methodology is an annual series which presents research materials in the fields of the history of economic thought and the methodology of economics.
Including a Symposium on Austrian Economics in the Postwar Era
The Research in the History of Economic Methodology (RHETM) 34A, includes original research from preeminent scholars in the field.
The Age of Choice
"Today choice is often taken to be a synonym for freedom. In much of the world, but especially in the United States, having both more occasions to make choices and more options to choose from are familiar political, personal, and economic goals. We are urged to consider our preferences and then to select from menus of options covering almost every element of our lives, including what to buy, where to live, whom to love, what profession to practice, and even what to believe. We like to think that when we determine our preferences among them, we are engaged in the business of self-realization. And yet, everybody from marketing gurus to psychologists to philosophers has also been warning us abo...
Open Economics
This book offers an up to date assessment of economics in relation to other disciplines, combining the work of leading international scholars and rising young stars and presenting an historical introduction to the disciplinary context of economics.
