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Search Results for Kenneth Arrow
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History of Political Economy (2019) 51 (5): 827–865.
Published: 01 October 2019
...Herrade Igersheim The death of welfare economics has been declared several times. One of the reasons cited for these plural obituaries is that Kenneth Arrow’s impossibility theorem, as set out in his pathbreaking Social Choice and Individual Values in 1951, has shown that the social welfare...
History of Political Economy (2020) 52 (S1): 168–190.
Published: 01 December 2020
... extended, particularly at the RAND Corporation. Working on such matters, Kenneth Arrow took a keen interest in testing as a paradigm for information gathering in economic decision-making and in encouraging investment in R&D as an information-gathering exercise essential to making informed choices...
History of Political Economy (2020) 52 (4): 621–652.
Published: 01 August 2020
...Jeff Biddle The CES production function was introduced to economics in the 1961 paper “Capital-Labor Substitution and Economic Efficiency,” by Kenneth Arrow, Hollis Chenery, Bagicha Minhas, and Robert Solow. The paper had an immediate and substantial impact on economic research, and the CES...
History of Political Economy (2020) 52 (S1): 85–111.
Published: 01 December 2020
...Beatrice Cherrier; Aurélien Saïdi This article documents the disciplinary exchanges between economists and engineers at Stanford throughout the twentieth century. We outline the role of key scholars such as Kenneth Arrow and Robert Wilson, as well as engineers turned administrators like Frederick...
History of Political Economy (2010) 42 (3): 443–467.
Published: 01 September 2010
...Béatrice Cherrier Jacob Marschak (1898–1977) had an enormous impact on the development of postwar economics, both as an intellectual mentor of Nobel Prize winners such as Kenneth Arrow and Franco Modigliani and as forerunner and institutional organizer of several research programs, most famously...
History of Political Economy (2015) 47 (3): 449–479.
Published: 01 September 2015
...Matthieu Ballandonne Kenneth J. Arrow's 1962 article “The Economic Implications of Learning by Doing” is considered a seminal contribution to endogenous growth theory. However, no history of its origins has been written yet. We aim to fill this gap by studying the genesis of Arrow's article...
History of Political Economy (2016) 48 (4): 635–655.
Published: 01 December 2016
... to circulate his proof. After his sudden death in 1950, only Wald's preliminary proof of 1934 was translated into English for Econometrica . When thus Kenneth J. Arrow, Gérard Debreu, and Lionel McKenzie in 1954 referred in their own fixed-point proofs only to Wald's preliminary published version, his 1935...
History of Political Economy (2010) 42 (Suppl_1): 133–164.
Published: 01 December 2010
... in economics from the mid-1940s to the mid-1950s: the Theory of Games, Paul Samuelson’s Foundations of Eco- nomic Analysis (1947), and Kenneth Arrow and Gerard Debreu’s famous 1954 paper, “Existence of an Equilibrium for a Competitive Economy.” Immediate reactions to the Theory of Games were, as Harold...
History of Political Economy (2021) 53 (5): 925–947.
Published: 01 October 2021
... that were described by his PhD student Kenneth Arrow as close to market socialism (Arrow and Lehmann 2005); yet, he was a Georgist. In his papers, he reached conclusions suggesting the superiority of state inter- vention over laissez-faire, and he defended the famous Georgist idea of the Single Tax. Second...
History of Political Economy (2002) 34 (1): 289–290.
Published: 01 March 2002
... the standards andpresuppositions of ahistorical economists” (1992, 235). Moreover, I wouldurge readers of the volume to ask themselves whether it is ap- propriate, now in the twenty-ﬁrst century, to describe “modern economics” as “post- war economics.” Kenneth Arrow andGerardDebreu, whose general...
History of Political Economy (1987) 19 (4): 517–523.
Published: 01 November 1987
...Gilbert W. Bassett, Jr. Correspondence may be addressed to the author, Economics Dept., University of Illinois, Chicago, Box 4348, Chicago IL 60680. Copyright © 1987 by Duke University Press 1987 References Arrow , Kenneth J. 1951 . ‘Alternative approaches to the theory...
History of Political Economy (2022) 54 (S1): 193–220.
Published: 01 December 2022
... of racial discrimination in employment temporarily stood alongside other neoclassical theories of discrimination (like those of Gary Becker, Kenneth Arrow, Anne Krueger, and Lester Thurow), but was largely relegated to the margins of economics by the 1980s. Today, most economists continue to rely...
History of Political Economy (1989) 21 (3): 559–561.
Published: 01 September 1989
... brief treatment of how reasonable social choices are to be made in a fractionated economic society headed toward an unknown future in a world of conflicts. Fun- damental issues raised by Kenneth Arrow, Mancur Olson, James Buchanan, Rob- ert Axelrod, and their critics are not mentioned. Practical...
History of Political Economy (2017) 49 (2): 315–345.
Published: 01 June 2017
...-mannheim.de . Copyright 2017 by Duke University Press 2017 Symbolic capital ownership of data expertise scientific credit business consulting science and democracy contingent valuation References Arrow Kenneth . Papers . Rubenstein Library Special Collections . Duke University...
History of Political Economy (2020) 52 (4): 799–801.
Published: 01 August 2020
..., and Uzawa pub- lished extensively in English in international journals, and in the 1950s and early 1960s Negishi, Nikaido, and Uzawa, along with Ken-ichi Inada and Hajime Oniki, took part in Kenneth Arrow s project at Stanford University on the efficiency of decision making in economic systems. In contrast...
History of Political Economy (2006) 38 (Suppl_1): 343–379.
Published: 01 December 2006
... by Kenneth Arrow et al., 27 -46. Stanford: Stanford University Press. Jardini, David. 1996 . Out of the Blue Yonder. PhD thesis , Carnegie Mellon University. Klaes, Matthias. 2004 . Evolutionary Economics: In Defense of Vagueness. Journal of Economic Methodology 11 : 359 -76. Klein, Judy...
History of Political Economy (2005) 37 (2): 191–196.
Published: 01 June 2005
... is given in- terpretation, his reference to David Hume’s famous guillotine argument is added. Often, Hume’s argument is all that needs to be cited. For ex- ample, in his 1994 Ely Lecture, Nobel laureate Kenneth Arrow (1994, 1) asserted: I am old-fashioned enough to retain David Hume’s view that one...
History of Political Economy (1988) 20 (1): 152–154.
Published: 01 March 1988
.... It comprises revised versions of four papers delivered by Kenneth Arrow, Robert Solow, Paul David, and Peter Temin, at the 1984 meeting of the American Economic Association under the apt title Eco- nomic History: A Necessary though not Sufficient Condition for an Economist. The comments by Donald...
History of Political Economy (2021) 53 (2): 367–369.
Published: 01 April 2021
... how expected utility theory can rationalize the circumstance that people appear to be, at the same time, both risk prone and risk adverse. Chapter 9 brings into the picture Kenneth Arrow and the measures of absolute and relative risk aversion that he put for- ward in the early 1960s. Chapter 10...
History of Political Economy (2022) 54 (1): 186–188.
Published: 01 February 2022
..., Kenneth Arrow, and market analytics; Friedrich Hayek and the state. But other than a few walk-on cameos, economists and economics have no substantive role in Menand s story. The lacuna in Menand s narrative is not only striking in comparison to the greater significance that others have given to economics...