...Judy L. Klein In October 1956 the RAND Corporation established the Logistics Systems Laboratory (LSL), with the goal of using simulation to translate the broad findings of normative microeconomics into detailed, implementable procedures for US Air Force operations. The laboratory was housed...

... and positive, micro- and macroeco- nomics, with the normative microeconomic questions constituting nearly half (21) of the total. Questions were inspired by an earlier American sur- vey (Kearl, Pope, Whiting, and Wimmer 1979), adapted for Australian conditions and the time shift. Apart from noting...

... economists to retaliate in kind by totally rejecting Ayres’ instrumental theories of evolutionary economics. It is my considered judgment that Ayres’ instrumental theory of normative value and the microeconomic theory of ex- change value or price are not contradictory or incompatible, because the two...

... as microeconomic diversity and the role of knowledge in generating growth. In chapter6, Bush and Tool place normative issues of evaluation at the cen- ter, proposing “instrumental” valuation principles owing much to the work of John Dewey. In the following chapterLanglois and Sabooglu discuss...

... in the basic assumptions have to be eventually removed by appropriate empirical research. Weber sees the procedure of analytical accentuation also at work in microeconomic theory in which rationality is used as a typifier. The accentuated ideal type becomes-in Hempel’s terminology15-an 11...

... 1950s were a transitional period. About half the articles from that time reˆect ideas about economic theory and norms governing empirical microeconomic research common before World War II; and although many of those articles were intellectually based in neoclassical economic theory, they did...

...S. Abu Turab Rizvi S. Abu Turab Rizvi is an associate professor in the department of economics at the University of Vermont. His research concerns microeconomics and its history. He is currently working on a book about human agency and well-being. Copyright © 1998 by Duke University...

... Daniel Kahneman and Amos Tversky's prospect theory as the most important candidate for replacing the traditional microeconomic model of human behavior. Correspondence may be addressed to [email protected] . I thank Harro Maas, John Davis, Marcel Boumans, Esther-Mirjam Sent, Gerd Gigerenzer, George...

... economists to retaliate in kind by totally rejecting Ayres’ instrumental theories of evolutionary economics. It is my considered judgment that Ayres’ instrumental theory of normative value and the microeconomic theory of ex- change value or price are not contradictory or incompatible, because the two...

... of Political Economy 55 : 721 -54. Mankiw , N. G. 1989 . Real Business Cycle Models: A New Keynesian Perspective. Journal of Economic Perspectives 3 : 79 -90. Nelson , A. 1984 . Some Issues Surrounding the Reduction from Macroeconomics to Microeconomics. Philosophy of Science 51 : 573...

... economics adheres to its professed ideal of being a positive, value-free science. In both its psychological and philo- sophical commitments, neoclassical microeconomic theory, especially in its be- havioral analysis of consumers, is strongly influenced by its once explicit, now more implicit...

...- mative individualism and normative collectivism that constitute tbe major isms and their variants. Thus neoclassical microeconomics, institutional economics, and the various approaches to historical eco- nomics (including the new economic history) have different specifi- cations...

...Francesco Sergi 790 Book Reviews Mongin, Philippe. 2002. Is There Progress in Normative Economics? In Is There Progress In Economics? Knowledge, Truth and the History of Economic Thought, edited by Stephan Boehm, Christian Gehrke, Heinz D. Kurz, and Richard Sturn, 145 70. Cheltenham: Edward...

... rational choice models.’ Journal of Economic Issues 13 : 49 –72. Field , Alexander James 1984 . ‘Microeconomics, norms, and rationality.’ Economic Development and Cultural Change 00 : 683 –711. Gronau , R. 1977 . ‘Leisure, home production and work—the theory of the allocation...

... contributions to monetary the- ory and where he got the ideas for the theoretical development. This discussion treats along the way the formulation of a norm for mone- tary policy, types of equilibrium analyses, fundamental equations and microeconomic foundations, capital theory and intertemporal analysis...

... an Austrian economist. As will become clear, the task of disentangling the roots of his microeconomic views can never be completely solved, because in this area his primary source was undoubtedly Wicksteed's Common sense, while he drew from the Austrians precisely those elements which coincided most directly...

... of the theory of rent failing to generalize the marginal-productivitytheory of distribution. Later Wicksell tried to teach Davidson Euler’s Theorem. But even under constant returns to scale David- son suspected that an undistributed residual would remain. Davidson’s third con- tribution was a normative...

... Robert . 2002 . “Retrospectives: The Origins of Neoclassical Microeconomics.” Journal of Economic Perspectives 16 ( Summer ): 197 – 215 . Eltis Walter . 1975 . “Adam Smith's Theory of Economic Growth.” In Essays on Adam Smith , edited by Skinner Andrew S. Wilson Thomas...

...: Transforming Macroeconomic Dynamics into a Model of Long-Run Growth .” European Journal of the History of Economic Thought 23 , no. 4 : 561 – 96 . Hands Wade . 2012 . “ The Rise and Fall of Walrasian Microeconomics: The Keynesian Effect .” In Microfoundations Reconsidered...

... general equilibrium (DSGE) models. The fourth and final part, titled “Macroeconomics before the Long Recession: The Return of Micro and Decline of Macro,” involves four chapters. In chapter 12, Arnon recalls how the profession tackled the issue of providing macroeconomics with sound microeconomic...