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Finding Equilibrium

Name: Finding Equilibrium
Brand: Princeton University Press
SKU: 02468069
Price: 59.79 EUR
Availability: InStock
Author: Till Duppe
ISBN: 9780691156644

Till Duppe

Lingua

Inglese

Libro Rigido

Codice Libristo: 02468069

Casa editrice Princeton University Press, luglio 2014

Finding Equilibrium explores the post-World War II transformation of economics by constructing a his... Descrizione completa

Codice Libristo: 02468069

146 b

59.79 €

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Finding Equilibrium explores the post-World War II transformation of economics by constructing a history of the proof of its central dogma--that a competitive market economy may possess a set of equilibrium prices. The model economy for which the theorem could be proved was mapped out in 1954 by Kenneth Arrow and Gerard Debreu collaboratively, and by Lionel McKenzie separately, and would become widely known as the "Arrow-Debreu Model." While Arrow and Debreu would later go on to win separate Nobel prizes in economics, McKenzie would never receive it. Till Düppe and E. Roy Weintraub explore the lives and work of these economists and the issues of scientific credit against the extraordinary backdrop of overlapping research communities and an economics discipline that was shifting dramatically to mathematical modes of expression.