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Journal Article
History of Political Economy (2009) 41 (1): 1–55.
Published: 01 March 2009
...Pedro Garcia Duarte Monetary economists argue that they adopted quadratic loss functions because the latter delivered easy solutions to complex stochastic models. In that narrative, Simon (1956) and Theil (1957) are mentioned by their proofs that models with quadratic objective functions have...
Journal Article
History of Political Economy (1980) 12 (1): 29–40.
Published: 01 March 1980
...Bo Sandelin History of Political Economy I2:I
o 1980 by Duke University Press
Wicksell’s missing equation, the production
function, and the Wicksell effect
Bo Sandelin, University of Goteborg
Introduction...
Journal Article
History of Political Economy (2001) 33 (1): 1–19.
Published: 01 March 2001
....” HOPE 11.4 : 459 -76. Arrow, K. J. 1974 . The Measurement of Real Value Added. In Nations and Households in Economic Growth ,edited by Paul A. David and Melvin W. Reder. New York: Academic Press. Brems, H. 1998 . Comment on Weber: Did Pareto Have a Cobb-Douglas Utility Function? Journal...
Journal Article
History of Political Economy (1974) 6 (2): 158–162.
Published: 01 June 1974
.... Weintraub , S. An Approach to the Theory of Income Distribution . Philadelphia, 1958 . Wells , P. “Keynes' Aggregate Supply Function: A Suggested Interpretation.” Economic Journal , Sept. 1960 , p. 536 -42. Keynes’ employment function
Paul Wells...
Journal Article
History of Political Economy (1974) 6 (2): 162–164.
Published: 01 June 1974
... equals the marginal product
of labor, he did not accept this relation as being one that specified the
level of employment as being a function of the real wage rate. The
analysis in chapter 20 makes it clear that he accepted this relation as a
statement of the dependence of the real wage rate...
Journal Article
History of Political Economy (1974) 6 (2): 164–170.
Published: 01 June 1974
... that Keynes,
in The General Theory, never wrote about, or thought in terms of, an
aggregate production function q = f(N) whose derivative with respect
to labor services could be set equal to the real wage to give a demand
curve for labor like w/p = f(N) = MPL.
Wells’ equations, his embodiment...
Journal Article
History of Political Economy (1976) 8 (3): 428–434.
Published: 01 September 1976
...Barbara Henneberry; James G. Witte Copyright © 1976 by Duke University Press 1976 Barbara Henneberry is a research economist ; James Witte is Professor of Economics at Indiana University (Bloomington). Keynes’ employment function reexamined
Barbara Henneberry and James...
Journal Article
History of Political Economy (1977) 9 (1): 156–159.
Published: 01 March 1977
... or traditional entre-
preneurs, albeit followers rather than Schumpeterian leaders.
University of Nottingham A. W. COATS
THE AGGREGATE SUPPLY FUNCTION: A CORRECTION’
By Don Patinkin
In my recent essay in this journal...
Journal Article
History of Political Economy (1978) 10 (4): 577–596.
Published: 01 November 1978
... Analysis . New York, 1964 . de Jong , F. J. “Supply Functions in Keynesian Economics.” Economic Journal 64 (March 1954 ): 3 -24. Gordon , Donald F. “A Neo-Classical Theory of Keynesian Unemployment.” In The Phillips Curve and Labor Markets , edited by K. Brunner and A. H. Meltzer...
Journal Article
History of Political Economy (2011) 43 (4): 779–781.
Published: 01 November 2011
...Jim Thomas Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function . By Chao Hsiang-Ke . London : Routledge , 2009 . xiii; 161 pp. £65.00 . Copyright 2011 by Duke University Press 2011 References Malinvaud Edmond...
Journal Article
History of Political Economy (2019) 51 (3): 493–513.
Published: 01 June 2019
...Hsiang-Ke Chao Empirical tests in economics may not decisively confirm or disconfirm a theory. Three cases of studies of consumption function from the 1930s to the early 1970s discussed in this article show that we can interpret economists’ practices as inferences to derive the best model from...
Journal Article
History of Political Economy (1992) 24 (1): 153–181.
Published: 01 March 1992
.... Copyright © 1992 by Duke University Press 1992 References Bassie , V. L. 1946 . Consumers' Expenditures in War and Transition. Review of Economic Statistics 28 . 3 ( August ): 121 -29. Blinder , A. S. 1975 . Distribution Effects and the Aggregate Consumption Function. Journal...
Journal Article
History of Political Economy (1994) 26 (3): 521–523.
Published: 01 September 1994
Journal Article
History of Political Economy (2004) 36 (4): 589–616.
Published: 01 November 2004
... and Function of
Price Indexes:
A Historical Accounting
H. Spencer Banzhaf
At least when speaking theoretically, most economists today are likely to
define a price index for measuring the cost of living in explicitly utilitar-
ian terms. That is, they would define it as the ratio of expenditure func...
Journal Article
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...
Journal Article
History of Political Economy (1990) 22 (1): 167–172.
Published: 01 March 1990
.... Smolensky. 1964 . Aggregate supply and demand analysis . New York: Harper & Row. de Jong , F. J. 1954a . Supply functions in Keynesian economics. Economic Journal 64 ( March ): 3 -24. de Jong , F. J. 1954b . Rejoinder. Economic Journal 64 ( December ): 840 -41. de Jong...
Image
Published: 01 April 2022
Figure 2. (a) Fitted and actual values of the estimated production function over 1860–2017. (b) The indicator adjustment path derived from (2). Source : Data derived from sources described in Hendry 2001 ; the path was computed using PcGive as in Doornik and Hendry 2021 .
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Journal Article
History of Political Economy (1985) 17 (2): 245–264.
Published: 01 June 1985
... Press
CCC 00 I 8-2702/85/$1.50
The functions of numerical data in the writings of
Graunt , Petty, and Davenant
A. M.Endres
I. Introduction
This is a study of the functions of numerical data...
Journal Article
History of Political Economy (2019) 51 (S1): 155–179.
Published: 01 December 2019
...Richard E. Ericson This article discusses the perhaps most systematic attempt to develop mathematical methods for use in planning and management of the Soviet economy: the system for optimal functioning of the economy (SOFE). The intellectual ferment of the post-Stalin “thaw,” and increasing...
Journal Article
History of Political Economy (1999) 31 (2): 393–416.
Published: 01 June 1999
... Theory of Individual Demand Functions. Economica 1 ( May ): 196 -219. Houthakker , Hendrik S. . 1960 . Additive Preferences. Econometrica 28 ( April ): 244 -56. Intriligator , Michael D. . 1971 . Mathematical Optimization and Economic Theory . Englewood Cliffs, N.J.: Prentice...
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