...Daniel M. Hausman; Philippe Mongin Part 4 Dynamics of the Development of Ideas Economists’ Responses to Anomalies: Full-Cost Pricing versus Preference Reversals Daniel M. Hausman and Philippe Mongin One feature of scientific disciplines historians and philosophers of sci­ ence...

...Nathan Edmonson Copyright © 1970 by Duke University Press 1970 John Rae and Liquidity Preference Nathan Edmonson I JOHN MAYNARDKEYNES is widely credited with introducing the theory of liquidity preference...

...D. Wade Hands Revealed preference theory is not a specific theory; it is a broad programmatic framework for analyzing choice behavior. Within this broad framework there are a number of different revealed preference theories (different versions of the program)—they all share common features...

..., Preference, and the Pricing of Pictures: The Smith-Reynolds Connection Neil De Marchi and Hans J. Van Miegroet There were substantive connections between the moral philosopher Adam Smith (1723–90) and the painter Sir Joshua Reynolds (1723– 92). These had to do, in a general way, with an expectation...

... Early Hicks and Keynesian monetary theory: different views on liquidity preference Jukka Pekkarinen I The last fifteen years have been a period of theoretical self-criticism for the Keynesian tradition. It started as a discussion of whether the Keynesian...

... . [1926] 1971 . Sur un problème d'économie pure Norsk matematisk forenings skrifter 16 . 1 1 -40. Translated as “On a Problem in Pure Economics” by J. S. Chipman. In Preferences, Utility, and Demand, edited by Chipman et al. New York: Harcourt Brace Jovanovich. Georgescu-Roegen , Nicholas...

... . The Essence of Becker. Stanford, Calif.: Hoover Institution Press. ____. 1996 . Accounting for Tastes. Cambridge: Harvard University Press. Becker, G. S., and C. B. Mulligan. 1994 . On the Endogenous Determination of Time Preference . Working paper series no. 98. Chicago: Center for the Study...

... by “discovering” the future. Overall, however, The Meaning of Market Process presents a good introduction to the place of Austrian theories in modern economic thought. Paul L. Robertson, University of New South Wales The Economic Ideas of Ordinary People: From Preferences...

... and liberty, economic efficiency, commercial interests, corruptive effects on individual and public morality, and political necessity. Distribution of limited resources is discussed in terms of a zero-sum game. In one of the key moments of the treatise, Guicciardini denies that preferences toward the best...

... parallel Engel lines for all individuals) could be assumed, which he regarded as unrealistic. Wicksell preferred Léon Walras's notion of market excess aggregate demand functions, which are functions of prices only. Such functions would not be affected by aggregation problems, if only disequilibrium...

... of economists. It then uses “control as a viewpoint” from which to study the history of the two disciplines. It reveals why behaviorism did not meet consumer demand theory during the “ordinalist / revealed preferences revolution” of the 1930s (i.e., the behaviorist myth), despite common methodological...

... in psychology and other social science disciplines. In The Joyless Economy (1976), Scitovsky analyzed the formation of preferences and how these processes may respond, on the one hand, to activities that simply ease and free life from pain and bother and what he called comfort or defensive activities...

... exercised on the theoretical and political debate of that time led to a widespread preference of Kaldor’s theory as over the life cycle as the best representation of Italian savings behavior. Correspondence may be addressed to Antonella Rancan, University of Molise, Department of Economics, via De...

.... This change of definition was closely associated with changes in the preferred measurement of development, from average income (based on national income accounting) to the proportion of the population holding certain characteristics of what it meant to live in poverty (instantiated in various index number...

... in the economics of art and culture: cultural capital; value and valuation; the economic functions of artists; tastes and preferences; the art market; and the role of the state. It compares Ruskin's discussion of these issues with current thinking, and concludes that, although Ruskin's views on capital...

... behavior. This compelled experimental economists to stake out a position for the economics discipline regarding the results. Much to their surprise, their experiments corroborated the results of the psychologists. This led them to completely discard preference theory but at the same time to emphasize...

... as “behavioral” economics. We use recent research to show how a second strand of behavioral economics illuminates the tight interlinkages between preferences, culture, and institutions and brings the discipline almost full circle back to eighteenth- and nineteenth-century perspectives. We caution against...

..., but without mixing planning with such focusing devices. Adelman, for her part, preferred to search for and identify factors of development. Correspondence may be addressed to Marcel Boumans, Utrecht School of Economics, Utrecht University, Netherlands; email: m.j.boumans@uu.nl ; and Neil De Marchi...

... the standard dichotomy between rational and historical reconstructions. Most of the time, authors of such pieces disclose their historiographic preferences and provide a rationale for them, pointing to the pitfalls of the methods they feel should be rejected. They may also address the issue of current...

.... They provided alternative versions of a hypothetical future, derived from the research staff's narrative reasoning by which the IMF researchers stitched together qualitative and quantitative assessments, macroeconomic theories, and policy preferences, and presented an instrument to guide policymaking in member...