... based on buyer and seller reservation values and their motivation to buy low and sell high; the classical sketch of price formation offers a quite fruitful foundation for a modern theory of price discovery, supplied below. Market experiments, based on private distributed reservation values and using...

...Ivan Moscati The article studies the origin, content, and impact of two experiments to measure the utility of money, one by Frederick Mosteller and Philip Nogee in 1948–49 and one by Donald Davidson, Patrick Suppes, and Sidney Siegel in 1954. Both experiments relied on expected utility theory (EUT...

...Floris Heukelom To understand the relationship between experimental and behavioral economics, we need to go back to the late 1970s and early 1980s. In the 1970s, psychologists began conducting new kinds of experiments, the results of which seemed to falsify the assumption of rational individual...

... in the Theory of Value and Prices . New Haven: Yale University Press. Flood, M. M. 1951-52 . A Preference Experiment . Research Memorandums P-256, P-258, and P-263, RAND Corporation. ____. 1952a . On Game-Learning Theory and Some Decision-Making Experiments . Research Memorandum P-346, RAND...

... . London: Routledge. Scott , R. H. 1990 . The Economics Society of Australia: Its History 1925–1985 . Melbourne: Economic Society of Australia. The Australian Experience Peter Groenewegen Introduction and Background Australia was settled in 1788 by British citizens, often...

...William R. Allen Copyright © 1977 by Duke University Press 1977 Economics, economists and economic poli~y: modern American experiences William R. Allen Economics has come of age in the 1960’s. . . . the Federal gov- ernment has an overarching responsibility...

...C. G. Uhr Economists and policymaking 19304936: Sweden’s experience C. G. Uhr I. Background and Setting It was during the Great Depression that Sweden’s most distinguished economists, Erik Lindahl, Gunnar Myrdal, and Bertil Ohlin-all...

... and the radical critique of Judaism, 1978). Of course, Marx did not experience any such reconversion, though Professor Wolfson states that in his later years he displayed “increasing affinity toward the Judaic” and enjoyed the friendship of the circle of Jewish visitors he met during his con...

... in Britain: theory, experience, and debate, 1800-1845, By Law- rence H. White. Cambridge: Cambridge University Press, 1984. Pp. 171. $29.50. Despite an extensive debate about the theory of free banking, there have been few publications on what has been generally recognized as the historical...

... Reference Chandavarkar, Anand. 2000. Was Keynes Anti-Semitic? Economic and Political Weekly 35.19 (6–12 May): 1619–24. The Political Economy of British Historical Experience, 1688–1914. Edited by D. Winch and P. K. O’Brien. Oxford: Oxford University Press for the British Acad- emy, 2002. xii...

... and psychologists at the LSL conducted game simulations structured by four separate laboratory problems. Economists went from using simulation to demonstrate the superiority of optimal policies derived from deductive economics to using the experiment as an inductive tool. One concern in this historical case study...

... States. An experiment by the psychologist Louis Leon Thurstone was then the starting point for some clarifications about the role of experimental economics for the new theory of the consumer. The aim of this article is to throw light on the ins and outs of this issue of the ordinalist revolution...

...Andrés Álvarez; Andrés M. Guiot-Isaac; Jimena Hurtado Lauchlin Currie and Albert O. Hirschman worked together as advisers to the National Planning Council in Colombia in the 1950s. Both had little experience in development economics when they arrived, and did not see eye to eye about...

... of development economics theories involved learning in the field and developing new analyses and concepts out of this experience, not just taking ideas from other fields and applying them in a different context. During the 1950s the discipline prospered but, by the 1960s, it faced a crisis, for it came...

... primitive probabilities based on experience of statistical evidence, and primitive a priori probabilities based on a more general and less precise kind of experience, inherited by the human race through evolution. Given primitive probabilities, no other devices than the rules of calculus of probabilities...

... of European postwar reconstruction and the creation of a new world economic order. Given his deep knowledge and prewar experiences, Italy and France were his first areas of specialization, although Hirschman soon contributed to the analysis of the Marshall Plan, the shaping of the European Payments Union...

... the importance of Paine's experience as an exciseman in England, as well as the context of popular radicalism and religious dissent that prevailed in the country at the start of the Industrial Revolution. alberto.tenac@gmail.com Copyright 2023 by Duke University Press 2023 basic income Thomas...

...Harro Maas On May 28–29, 2010, twelve experimental economists gathered at the Dutch Royal Academy of Arts and Sciences in Amsterdam for a witness seminar on the history of the experiment in economics. Though the witness seminar has been used as an oral method of research in contemporary history...

...Irwin L. Collier This paper is concerned with the practical side of establishing a continuous and broad historical record of what has been taught to whom by whom as well as when and where. The archival experience of the author has been that course syllabi and exams appear to be the historical...

... and development economics were born around the same time span, they evolved in different ways. Full histories of development economics started to appear in the 1980s, produced mostly by development economists and reflecting their experiences. This has changed in the last two decades or so, as historians...