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tractability

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Journal Article
History of Political Economy (2022) 54 (1): 1–35.
Published: 01 February 2022
...Mauro Boianovsky In the late 1970s Paul Samuelson drafted the outline of a paper, never published, with a critical assessment of the theoretical innovations of postwar development economics. He found it a “vital” but essentially “not tractable” subject, with a “voluminous” and “repetitive...
Journal Article
History of Political Economy (2018) 50 (S1): 231–248.
Published: 01 December 2018
... for abstract mathematical models as helping inquirers to rise above such impediments, even if only temporarily, or to gain focus, as was the case with his making technical progress an exogenous variable. Tinbergen’s models of the “first stage” were also intended to make planning for development tractable...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 304–314.
Published: 01 December 2009
... economic models can be characterized as deliberate untruths. For, if judiciously selected, it is in these misrepresentations that their primary virtue lies. That is, if such a model is to be tractable analytically, it must entail oversimplifi cation of reality, often drastic oversimplifi cation...
Journal Article
History of Political Economy (2020) 52 (S1): 1–9.
Published: 01 December 2020
... think intuitively about the models they use. Most engineers know that the science they use is incom- plete and approximations are required. They typically require models to (a) work and (b) be tractable. The rst is checked by experiment in labora- tory conditions, but perhaps more important...
Journal Article
History of Political Economy (2020) 52 (4): 621–652.
Published: 01 August 2020
... of estimating pro- duction relations in the late 1920s and 1930s using what came to be known as the Cobb-Douglas production function (Cobb and Douglas 1928; Bid- dle 2012); by 1960 the literature of economics included numerous exam- ples of estimated Cobb-Douglas production functions.7 The tractability...
Journal Article
History of Political Economy (2016) 48 (2): 349–363.
Published: 01 June 2016
... tractable and could be mapped back onto some small element of the authors’ interest. Samuelson was not doing Whig history. Samuelson was performing economic analysis. Using Butterfield’s framework, the history of science as most all scien- tists see it is a story of movement from darkness to light...
Journal Article
History of Political Economy (2003) 35 (3): 573–575.
Published: 01 September 2003
... in Cambridge, but he never presented any of his theories mathematically, because this would have involved simplifications (to produce math- ematically tractable relationships) that were inappropriate to the real economies he was seeking to understand. Does Berdell’s representation of Malthus’s theory...
Journal Article
History of Political Economy (2012) 44 (suppl_1): 226–249.
Published: 01 December 2012
... that he assigned to a priori economic theory—the error term would conform to a tractable probability distribution. Shocks, rather than treated as unmeasured data, were now treated as phenomena. Theory focuses not on their individual values (data) but on their probability distri- butions (phenomena...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 229–251.
Published: 01 December 2014
...: a simple, clean, and tractable, yet fully articulated and empirically usable, artifact.3 It became the standard growth model of neoclassical macroeconomics, an “engine of research” that was easy to use, adopt, extend, and apply in a variety of different projects (see Boianovsky and Hoover...
Journal Article
History of Political Economy (1990) 22 (3): 411–427.
Published: 01 September 1990
... they may have said” (21 1, italics in original)-a principle to which Keynes was to appeal more than once in his own defense. Robinson’s attitudes were soon to become closer to those of Keynes than to those of MarshalL’O Two questions may be asked of assumptions: “Are they tractable? and: Do...
Journal Article
History of Political Economy (1988) 20 (2): 207–234.
Published: 01 June 1988
... degrees of substitutability and complementarity.l2 Thus, a set of heuristic assumptions about the capital structure is required to allow the identification of its most essential features and to render the treatment of monetary dynamics tractable. In the Austrian view, the central problem...
Journal Article
History of Political Economy (1992) 24 (Supplement): 165–175.
Published: 01 December 1992
... (an algebraist), Cecil C. Craig (a statistician), and Arthur Cope- land (a probabilist). One of my tasks was to attend conferences, mostly in Washington, D.C., in which applied mathematical problems were discussed by our clients in the Department of Defense and to formulate meaningful, tractable...
Journal Article
History of Political Economy (1989) 21 (2): 231–251.
Published: 01 June 1989
... of using capital (r - Pk). Intertemporal general equilibrium results are generated from compara- tive static exercises for pairs of economies along different semi-stationary growth paths. Despite numerous simplifying assumptions necessary to make the general equilibrium models; tractable,6...
Journal Article
History of Political Economy (1989) 21 (4): 601–623.
Published: 01 November 1989
.... There are two main problems in attempting to visualize Pell’s argument by means of simple neoclassical static welfare analysis. First, Pell’s claim that fares and charges “would fall upon every person deriving benefit . . . in a degree exactly proportional to that benefit” is not mathematically tractable...
Journal Article
History of Political Economy (2017) 49 (Supplement): 78–102.
Published: 01 December 2017
... of capital resulting from a small change in the corporate tax. Harberger’s model provided powerful insights, but it suffered from important limitations. Since Harberger used analytical methods to solve the model (rather than numerical ones), the model was only tractable with a limited number...
Journal Article
History of Political Economy (1987) 19 (3): 435–446.
Published: 01 September 1987
..., together with the conceptualisation of income and expenditure that go with it, that is missing from Walker’s theory, together with the simplifications concerning consumption and investment behaviour needed to render such analysis tractable. (iii) Walker has quantity adjustments as a means...
Journal Article
History of Political Economy (2004) 36 (2): 401–403.
Published: 01 June 2004
... an account of the frequently cited Wanderjahre in factories in North America and Europe that made Marshall so aware of increasing returns, technical progress, and full-blooded competition. Throughout, Marshall sought realistic, analytically tractable solutions. Whitaker ex- amines Marshall’s treatment...
Journal Article
History of Political Economy (2004) 36 (2): 403–405.
Published: 01 June 2004
... an account of the frequently cited Wanderjahre in factories in North America and Europe that made Marshall so aware of increasing returns, technical progress, and full-blooded competition. Throughout, Marshall sought realistic, analytically tractable solutions. Whitaker ex- amines Marshall’s treatment...
Journal Article
History of Political Economy (2004) 36 (2): 405–408.
Published: 01 June 2004
... Wanderjahre in factories in North America and Europe that made Marshall so aware of increasing returns, technical progress, and full-blooded competition. Throughout, Marshall sought realistic, analytically tractable solutions. Whitaker ex- amines Marshall’s treatment of the rise of the joint-stock company...
Journal Article
History of Political Economy (2004) 36 (2): 408–410.
Published: 01 June 2004
..., analytically tractable solutions. Whitaker ex- amines Marshall’s treatment of the rise of the joint-stock company: “It appears that he had failed to anticipate the rapidity of this rise when composing the Principles in the 1880s and so locked himself into a framework that rapidly became outdated, yet...