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book: Finding Equilibrium
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Finding Equilibrium

Arrow, Debreu, McKenzie and the Problem of Scientific Credit
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Sprache: Englisch
Veröffentlicht/Copyright: 2014

Über dieses Buch

The remarkable story and personalities behind one of the most important theories in modern economics

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.

Based on recently opened archives, Finding Equilibrium shows the complex interplay between each man's personal life and work, and examines compelling ideas about scientific credit, publication, regard for different research institutions, and the awarding of Nobel prizes. Instead of asking whether recognition was rightly or wrongly given, and who were the heroes or villains, the book considers attitudes toward intellectual credit and strategies to gain it vis-à-vis the communities that grant it.

Telling the story behind the proof of the central theorem in economics, Finding Equilibrium sheds light on the changing nature of the scientific community and the critical connections between the personal and public rewards of scientific work.

Information zu Autoren / Herausgebern

Till Düppe is assistant professor of economics at the Université du Québec à Montréal. He is the author of The Making of the Economy. E. Roy Weintraub is professor of economics at Duke University. He is the author of How Economics Became a Mathematical Science.

Rezensionen

"Finding Equilibrium is a testament to the importance of writing the history of recent economics. The fact that it is a gripping read . . . only adds to the impressiveness of Düppe and Weintraub's accomplishment. May it have many imitators."---Steven G. Medema, Journal of the History of Economic Thought --- "A fascinating history about modern economics and some of its key historical actors . . . also a treatise on historiography."---Marcel J. Boumans, History of Economic Ideas --- "The book has a marvelous and incredibly detailed reconstruction of the paths pursued by the three protagonists with mathematical details suppressed."---Olav Bjerkholt, EH.Net --- "[An] engaging and illuminating history of the mid-twentieth-century proofs of competitive general equilibrium and the three authors associated with them."---S. Abu Turab Rizvi, Erasmus Journal for Philosophy and Economics --- "Winner of the 2016 Joseph J. Spengler Best Book Prize, History of Economics Society"

Fachgebiete

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    Frontmatter

    i
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    Contents

    vii
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    Preface

    ix
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    Chronology

    xxiii
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  • Part I. People
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    Chapter 1. Arrow’s Ambitions

    3
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    Chapter 2. McKenzie’s Frustrations

    24
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    Chapter 3. Debreu’s Silence

    47
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  • Part II. Context
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    Chapter 4. Sites

    67
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    Chapter 5. Community

    98
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  • Part III . Credit
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    Chapter 6. Three Proofs

    131
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    Chapter 7. Aftermath

    172
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    Chapter 8. The Proofs Become History

    204
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    Conclusion

    231
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    Coda

    245
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    Acknowledgments

    249
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    References

    251
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    Index of Names

    267
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    Index of Subjects

    273
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Informationen zur Veröffentlichung
Seiten und Bilder/Illustrationen im Buch
eBook veröffentlicht am:
28. Juli 2015
eBook ISBN:
9781400850129
Auflage:
Course Book
Seiten und Bilder/Illustrationen im Buch
Inhalt anzeigen
https://doi.org/10.1515/9781400850129
eBook ISBN: 9781400850129
Schlagwörter für dieses Buch
Economics; Economist; Mathematical economics; Career; Kenneth Arrow; Mathematician; Nobel Prize; General equilibrium theory; Theorem; Economic Theory (journal); Werner Hildenbrand; Publication; Abraham Wald; Competitive equilibrium; Maurice Allais; Mathematics; Economic equilibrium; Paul Samuelson; Harold Hotelling; Cowles; Oskar Morgenstern; Linear programming; Textbook; Narrative; Operations research; Leonid Hurwicz; Econometric Society; Assistant professor; John von Neumann; Value and Capital; David Gale; John Milnor; Statistic; Doctor of Philosophy; E. Roy Weintraub; Karl Menger; Statistician; Lawrence Klein; Milton Friedman; Saunders Mac Lane; Competition (economics); Ragnar Frisch; Writing; Scientist; Jacob Marschak; Social science; Archive; Research program; Thesis; Nicholas Georgescu-Roegen; Duke University; Robert Solow; Herbert Scarf; RAND Corporation; Rhodes Scholarship; Macroeconomics; Roy Radner; Frank Hahn; Initial condition; Text (literary theory); Thought; Monograph; Welfare economics; Perfect competition; Funding; Martin Shubik; Graduate school; George Dantzig; Market economy; Alfred Tarski
Zielgruppe(n) für dieses Buch
For an expert adult audience, including professional development and academic research
Heruntergeladen am 14.4.2026 von https://www.degruyterbrill.com/document/doi/10.1515/9781400850129/html
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