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Arrow and the Ascent of Modern Economic Theory - George R. Feiwel

Arrow and the Ascent of Modern Economic Theory

By: George R. Feiwel (Editor)

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This and the companion volume are about the ascent, vicissitudes and lacunae in the science and art modern economics and about Kenneth Arrow, his architectonic contributions to and impact on the theoretical and applied economics and moral and political philosophy of our age. They provide a comprehensive composite analysis of Arrow's approach and contributions to and his impact on modern economics and philosophy seen from various forms. In addition to original essays that not only analyse Arrow's contributions and impact, but provide insights into what is being done at the frontiers of the subject, these volumes contain interview chapters that afford extraordinary glimpses into the creativity and personality of the major contributors to the economics of our age (including our protagonist) and are an important historical document.

Notes on the Contributors Preface The Potentials and Limits of Economic Analysis: The Contributions of Kenneth J. Arrow; G.R.Feiwel PART I: THE MAKERS OF MODERN GENERAL EQUILIBRIUM THEORY Oral History I: An Interview; Kenneth J.Arrow Oral History II: An Interview; G.Debreu Oral History III: An Interview; L.Hurwicz PART II: VISION, METHOD, APPLICATION Arrow's Vision of the Economic Process; C.Bliss Economic Theory and Mathematical Method: An Interview; R.J.Aumann Transformation in General Equilibrium Theory and Methods: An Interview; A.Mas-Colell Theory and Method - Second-Generation Perspective: An Interview; H.Sonnenschein Interaction between General Equilibrium and Macroeconomics: An Interview; L.R.Klein PART III: THEORY OF RESOURCE ALLOCATION On the Non-existence of Equilibrium: From Thornton to Arrow; T.Negishi On Equilibria of Bid-Ask Markets; R.B.Wilson General Equilibrium Analysis of Imperfect Competition: An Illustrative Example; J.Roberts Incentive-based Decentralization: Expected-Externality Payments Induce Efficient Behaviour in Groups; J.W.Pratt and R.Zeckhauser Arrow and the Theory of Discrimination; H.Y.Wan Jr Specialization, Search Costs, and the Degree of Resource Utilization; M.W.Reder Information Disclosure and the Economics of Science and Technology; P.Dasgupta and P.A.David PART IV: DECISION-MAKING UNDER UNCERTAINTY Von-Neumann-Morgenstern Utilities, Risk Taking, and Welfare; J.C.Harsanyi Arrow-Bayes Equilibria: A New Theory of Price Forecasting; H.W.Brock Rational Learning and Rational Expectations; M.Bray and D.M.Kreps Aspects of Investor Behaviour Under Risk; B.M.Friedman and V.V.Roley Oligopolistic Uncertainty and Optimal Bidding in Government Procurement: A Subjective Probability Approach; R.E.Kuenne Taking Pure Theory to Data: Arrow's Seminal Contribution; R.M.Townsend PART V: ARROW'S REFLECTIONS ON THE ESSAYS Reflections on the Essays; K.J.Arrow Index

ISBN: 9780333368787
ISBN-10: 0333368789
Audience: General
Format: Paperback
Language: English
Number Of Pages: 698
Published: 8th March 1987
Country of Publication: GB
Dimensions (cm): 21.59 x 13.79  x 3.84
Weight (kg): 1.04
Edition Number: 2