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Journal Article
History of Political Economy (2004) 36 (4): 765–767.
Published: 01 November 2004
...-of-the-century evolution from an economist who described a psychophysical cardinalist marginal utility to an economist who emphasized ordi- nalist indexes of preferences illustrated by indifference curves. In Bruni’s apt words, this volume is centered on how “in 1899 Pareto had substituted a rational...
Journal Article
History of Political Economy (2005) 37 (1): 27–59.
Published: 01 March 2005
... Economics in Honor of Oskar Morgenstern , edited by Robert J. Aumann et al., 11 -42. Mannheim: Bibliographisches Institut. ____. 1986 . Rationality and Bounded Rationality. Nancy L. Schwartz Lecture, delivered May 1986 at the J. L. Kellogg School of Management, Northwestern University. ____. 1997...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 198–225.
Published: 01 December 2016
... is with how economics leveraged psychology to grow a regulatory system when individual units pursuing their own interests did not promote the interests of society. This dilemma was one of a few stimuli generating a new focal point for rationality, that of efficient implementation. More recently, economists...
Journal Article
History of Political Economy (2018) 50 (2): 289–320.
Published: 01 June 2018
... will be considered in the light of the criticism it received from Max Weber. It will be argued, first, that while what he called “calculation in kind” fails the demands of what Weber called the “formal” rationality of economic action in conditions of complex industrial societies, it is indispensable for assessing...
Journal Article
History of Political Economy (2021) 53 (S1): 293–323.
Published: 01 December 2021
... for the amenity on offer. Politicizing the Environment: (In)direct Inference, Rationality, and the Credibility of the Contingent Valuation Method Harro Maas On March 5, 2020, Food Safety News reported that an infamous nitrate and phosphorus pollution litigation case was finally going to get an end- ing...
Journal Article
History of Political Economy (2000) 32 (1): 178–180.
Published: 01 March 2000
...E. Roy Weintraub By Esther-Mirjam Sent. Cambridge and New York: Cambridge University Press , 1998 . x; 242 pp . Duke University Press 2000 BR.Hope32.1.bookreviews 5/4/00 1:45 PM Page 178 178 Book Reviews The Evolving Rationality...
Journal Article
History of Political Economy (2000) 32 (4): 1011–1016.
Published: 01 November 2000
... Hopkins University Press. Nozick, Robert. 1993 . The Nature of Rationality . Princeton, N.J.: Princeton University Press. Veblen, Thorstein. [1914] 1964 . The Instinct of Workmanship and the State of the Industrial Arts . New York: Norton. Rationality or Reasoning? Comment on Heath...
Journal Article
History of Political Economy (1995) 27 (4): 653–685.
Published: 01 November 1995
... Jr. William A. , and Bobbie L. Horn 1987b . Involuntary Unemployment Independent of the Labor Market. Journal of Post Keynesian Economics 10 . 2 : 216 -24. De Vroey , Michel. 1991 . Labour Rationing, Involuntary Unemployment, Underemployment, and Malemployment: A Conceptual Elucidation...
Journal Article
History of Political Economy (2005) 37 (4): 763–765.
Published: 01 November 2005
.... This book manages a quantum leap beyond previous historical and philosophical meditations on the relationship between science and mathematics. Rather than treat- ing mathematical expression as the distillation of rational discourse, the innate 762 Book Reviews language of thought...
Journal Article
History of Political Economy (2005) 37 (1): 161–164.
Published: 01 March 2005
..., Legislation, and Liberty. 3 vols. London: Routledge. Hoover, K. D. 1988. The New Classical Macroeconomics. Oxford: Blackwell. James, P. 1979. Population Malthus: His Life and Work. London: Routledge. Modeling Rational Agents: From Interwar Economics to Early Modern Game Theory. By Nicola Giocoli...
Journal Article
History of Political Economy (2006) 38 (3): 531–545.
Published: 01 September 2006
.... ____. 1885 . La comptabilité: Théorie, pratique, et enseignement . Paris: Librairie Illustrée. Medbery, James Knowles. 1870 . Men and Mysteries of Wall Street . Boston: Fields, Osgood & Co. Preda, Alex. 2004 . Informative Prices, Rational Investors: The Emergence of the Random Walk...
Journal Article
History of Political Economy (2018) 50 (1): 1–48.
Published: 01 March 2018
...Catherine Herfeld This article traces a normative turn between the middle of the 1940s and the early 1950s reflected in the reformulation, interpretation, and use of rational choice theories at the Cowles Commission for Research in Economics. This turn is paralleled by a transition from Jacob...
Journal Article
History of Political Economy (2016) 48 (2): 341–347.
Published: 01 June 2016
...Bennett T. McCallum This brief article corrects or refines a few details about the work and career of John F. Muth and his involvement in the creation of rational expectations. Correspondence may be addressed to Bennett T. McCallum, Tepper School of Business, Carnegie Mellon University, 5000...
Journal Article
History of Political Economy (1973) 5 (1): 199–214.
Published: 01 March 1973
... and satisfactions. ’ ’ More explicitly he says that ‘ ‘ it is the every- day economic task to which we as a race owe our elementary training in rational thought or behavior.”14 When primitive man attempted to remedy his broken ax by means of magic incantations he was acting according to pre-rational...
Journal Article
History of Political Economy (2001) 33 (4): 773–813.
Published: 01 November 2001
... of an Equilibrium for a Competitive Economy. Econometrica 22 : 265 -90. Bossons, J., and F. Modigliani. 1966 . Statistical vs. Structural Explanations of Understatement and Regressivity in“Rational” Expectations. Econometrica 34.2 : 347 -53. Bronfenbrenner, Martin. 1992 . Letter to authors , 19...
Journal Article
History of Political Economy (2004) 36 (2): 351–386.
Published: 01 June 2004
..., Rational Investors: The Emergence of the Random Walk Hypothesis and the Nineteenth-Century “Science of Financial Investments” Alex Preda In a series of articles marking the recent anniversary of Louis Bachelier’s “Théorie de la spéculation,”historians have reevaluated Bachelier’s role...
Journal Article
History of Political Economy (2004) 36 (3): 445–474.
Published: 01 September 2004
... . Principes et observations oeconomiques . 2 vols. Amsterdam: Marc Michel Rey. Weulersse, Georges. 1910 . Le mouvement physiocratique, 1756-1770 . 2 vols. Paris: Felix Alcan. The Tableau Économique as Rational Recreation Loïc Charles Les sens sont le miroir dans lequel il...
Journal Article
History of Political Economy (2020) 52 (S1): 143–167.
Published: 01 December 2020
...Marcel Boumans The rational expectations revolution was not based only on the introduction of Muth’s idea of rational expectations to macroeconomics; this introduction alone cannot explain the more drastic changes to the mathematical toolbox, concepts, and research strategies since the 1980s...
Journal Article
History of Political Economy (2000) 32 (Suppl_1): 95–116.
Published: 01 December 2000
... Measurement 6.1 : 27 -56. Davies, Anthony, and Kajal Lahiri. 1998 . Reexamining the Rational Expectations Hypothesis Using Panel Data on Multiperiod Forecasts. In Analysis of Panels and Limited Dependent Variable Models , edited by C. Hsiao, K. Lahiri, H. H. Pesaran, and L. F. Lee. Cambridge and New...
Journal Article
History of Political Economy (2010) 42 (3): 443–467.
Published: 01 September 2010
... at the Cowles Commission. Nevertheless, he remains understudied by historians. This article uncovers the salient characteristics of his scientific vision in the forties and fifties, at the apex of his influence on the profession: his definition of economics as the science of rational choice; his emphasis...