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Finding Equilibrium: Arrow, Debreu, McKenzie and the Problem of Scientific Credit

Duppe, Till

9780691156644 - Finding Equilibrium: Arrow, Debreu, McKenzie and the Problem of Scientific Credit
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Article description

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 Duppe 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 mans personal life and work, and examines compelling ideas about scientific credit, publication, regard for different research institutions, and the awarding of Nobel prizes.

Specifications

Author Duppe, Till
ISBN/EAN 9780691156644
Can't be ordered

Article description

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 Duppe 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 mans personal life and work, and examines compelling ideas about scientific credit, publication, regard for different research institutions, and the awarding of Nobel prizes.

Specifications

Author Duppe, Till
ISBN/EAN 9780691156644