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indeterminacy

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Journal Article
History of Political Economy (1984) 16 (4): 609–618.
Published: 01 November 1984
... and deliberately excluded the role of the number of com- petitors from his analysis. However, in the section ‘Failure of the laws of exchange,’ Jevons discussed cases, notably the example of house sales, in which some indeterminacy would result. The reviewer of Jevons in the Saturday Review...
Journal Article
History of Political Economy (1970) 2 (1): 97–117.
Published: 01 March 1970
... of predictability in economics, and this is done in the light of modern scientific views concerning the extent to which elements of indeterminacy are present in the process of change. I Two sharply contrasting approaches to the problem of change characterized...
Journal Article
History of Political Economy (2003) 35 (2): 175–204.
Published: 01 June 2003
... one major drawback, namely, the indeterminacy ofthe duopoly equilibrium, since it entailed the existence of a different solution for every possible state ofthe firms’ conjectures. The success ofthe conjectural approach was immediate and for al- most a decade it dominated the scene ofoligopoly...
Journal Article
History of Political Economy (2018) 50 (3): 425–481.
Published: 01 September 2018
... 2018 sunspots multiple equilibria context units indeterminacy macroeconomic models We are grateful to Costas Azariadis, Jess Benhabib, Roger Farmer, Jean-Michel Grandmond, Karl Shell, and Michael Woodford for their oral testimonies and help, to Robert Lucas for letting us use his...
Journal Article
History of Political Economy (1974) 6 (4): 381–404.
Published: 01 November 1974
... and the first to sketch its characteristic geometric and analytical properties, which subsequent writers reiined and refashioned, nevertheless the underlying rationale of indeterminacy of outcome within a bounded range in isolated bilateral barter in two commodities has a hoary history. Indeed...
Journal Article
History of Political Economy (1998) 30 (3): 515–536.
Published: 01 September 1998
... to the recantation Mill’s wages-fund doctrine did not allow for any systematic indeterminacy of wages and there was no room for unions to affect the wage level in any substantive way. It is only after Correspondence may be addressed to Professor Oskar Kurer, Institute of Political Economy, University...
Journal Article
History of Political Economy (1974) 6 (4): 481–486.
Published: 01 November 1974
... referred only to the less than universality of the peculiar distributional principles of competitive-capitalist imputation, but neo-Cambridge ex- tends it to an alleged indeterminacy of competitive-capitalist distribu- tion itself, in a regime of incompletely malleable capital instruments...
Journal Article
History of Political Economy (1994) 26 (3): 443–464.
Published: 01 September 1994
... & Ruprecht. Selgin , George, A. 1988 . A Free Banking Approach to Reforming Hong Kong's Monetary System Asian Monetary Monitor 12 ( September ): 14 -24. Shah , Parth J. 1990 . Hong Kong's Free-Issue Monetary Regime (1974–1983): The Price Level Indeterminacy Puzzle. Doctoral...
Journal Article
History of Political Economy (1969) 1 (1): 44–66.
Published: 01 March 1969
.... This would leave a zone of indeterminacy between the subjective nature of the act and the impact on the other party, more intent and less injury, or less intent and more injury. Aristotle stated further, “But in associations for exchange this sort of justice does hold men together-reciprocity...
Journal Article
History of Political Economy (2020) 52 (3): 609–619.
Published: 01 June 2020
... of its social and economic salience. This indeterminacy stems from the character of inequality as a complex concept, concerning as it does multiple aspects of persons which can be compared in multiple ways. Inequalities of many different kinds exist (for example, in health, wealth, or other spaces...
Journal Article
History of Political Economy (1992) 24 (Supplement): 95–112.
Published: 01 December 1992
... is incon- sistent with the world view expressed in The Theory. For Morgenstern, indeterminacy was not something to run from but rather to embrace.* The world is uncertain and social situations interesting only because they contain indeterminacies that many physical situations do not. To explain...
Journal Article
History of Political Economy (2011) 43 (3): 513–536.
Published: 01 September 2011
... . Benhabib J. Farmer R. E. A. . 1999 . Indeterminacy and Sunspots in Macroeconomics . In vol. 1A of Handbook of Macroeconomics , edited by Taylor J. B. Woodford M. , 387 – 448 . Amsterdam : Elsevier . Besomi D. 1998 . Roy Harrod and the Oxford Economists’ Research Group’s...
Journal Article
History of Political Economy (1989) 21 (1): 158–160.
Published: 01 March 1989
... itself influenced by the idea of harmonic proportion permitting mea- surement from the respective reference points of the conflicting parties, that is, within a zone of indeterminacy left by the parties in conflict to be settled by bargaining or arbitration. The final principal chapter...
Journal Article
History of Political Economy (1991) 23 (3): 558–560.
Published: 01 September 1991
... except in the case of perfect competition. In all other cases, prices will fall within a range of indeterminacy, and hence Menger’s “universe falls apart” (176). While I have no quarrel with Alter’s discussion of Menger’s view of the relationship between value and price, it is difficult to see...
Journal Article
History of Political Economy (1992) 24 (Supplement): 113–147.
Published: 01 December 1992
... contemporary spin by stressing the existence of “indeterminacy” in eco- nomic life.I4 The recognition of the chaotic led quite naturally to a con- cern with the conceptualization of risk and the place of probability theory in economics. One of his most famous papers of the 1930s insisted that perfect...
Journal Article
History of Political Economy (2013) 45 (1): 123–148.
Published: 01 March 2013
Journal Article
History of Political Economy (1974) 6 (4): 486–490.
Published: 01 November 1974
...Barry Gordon Copyright © 1974 by Duke University Press 1974 Emma Lila Fundaburk. Metuchen, New Jersey: Scarecrow Press, 1973. Pp. 56, 875. $20.00. 486 History of Political Economy to “indeterminacy” propositions-which dismiss this entire body of results as irrelevant...
Journal Article
History of Political Economy (2019) 51 (3): 579–599.
Published: 01 June 2019
... Reserve Bank of Minneapolis . Basu Susanto . 1992 . “ The Structure of Production: Implications for Aggregate Supply .” PhD diss. , Harvard University . Benhabib Jess Farmer Roger E. 1994 . “ Indeterminacy and Increasing Returns ”. Journal of Economic Theory 63 : 19 – 41...
Journal Article
History of Political Economy (2021) 53 (2): 363–366.
Published: 01 April 2021
..., (ii) clarify the assumptions underly- ing welfarist evaluations including possibly problematic elimination of relevant nonwelfarist information, and (iii) help to analyze the limits of evaluative rationalism along with what Sen called indeterminacy of power ; being relevant for problems...
Journal Article
History of Political Economy (1995) 27 (Supplement): 33–38.
Published: 01 December 1995
... a black (yellow) ball is greater than drawing a red for some of the possible distributions, equally probable for one, and less so for the rest. The choice between I and I1 (111 and IV) is then clearly also indeterminate with respect to expected utility. The standard response to indeterminacies...