09012nam 22003973 450 991084249230332120240314080233.03-031-50222-1(MiAaPQ)EBC31209112(Au-PeEL)EBL31209112(EXLCZ)993086443960004120240314d2024 uy 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierEconomic Theory in the Twentieth Century, an Intellectual History--Volume III 1946-Mid-1970s. Economic Theory in the New Golden Age of Capitalism1st ed.Cham :Springer International Publishing AG,2024.©2024.1 online resource (431 pages)3-031-50221-3 Intro -- Acknowledgements -- Contents -- List of Figures -- 1 Introduction -- 1.1 The Historical Scenario: A New Golden Age of Capitalism and Its Crisis in the Mid-1970s -- 1.1.1 Postwar Reconstruction and the Heyday of the Bretton Woods System, 1946-1958 -- 1.1.2 The 1960s: A Decade of Growth and Looming Increasing Tensions in the International Monetary System -- 1.1.3 The Collapse of the Bretton Woods System and the Oil Crises: The End of an Era of Prosperity -- 1.2 Economic Theory from the Postwar II Period to the Mid-Seventies: The Establishment of the American Mainstream and the Marginality of Non-Mainstream Economics -- 1.3 The Map of Economic Theory in the American Age -- References -- Part I Mainstream Economics in the American Centers -- 2 Economics at Harvard and MIT -- 2.1 Prologue -- 2.2 Paul Anthony Samuelson (1915-2009) -- 2.2.1 Biographical Note -- 2.2.2 Samuelson's Economics: The Foundations of Economic Analysis, 1947 -- 2.3 Franco Modigliani (1918-2003) -- 2.3.1 Biographical Note -- 2.3.2 Modigliani's Keynesian Economics: "Liquidity Preference and the Theory of Interest and Money", 1944, and "The Theory of Saving: The Life-Cycle Hypothesis", 1963 -- 2.4 Robert Merton Solow (1924-2023) -- 2.4.1 Biographical Note -- 2.4.2 Solow's Economics of Growth, 1956-1957: "A Contribution to the Theory of Economic Growth", 1956, and "Technical Change and the Aggregate Production Function", 1957 -- 2.5 Samuelson, Solow and the Phillips Curve -- References -- 3 Economics at the Cowles Commission in Chicago and Yale -- 3.1 Prologue. Reorienting the Cowles Research Program Under Marschak and Koopmans -- 3.2 Tjalling Charles Koopmans (1910-1985) -- 3.2.1 Biographical Note -- 3.2.2 Koopmans's Economics: Econometric Contributions and Activity Analysis -- 3.2.3 Koopmans's Economics: Three Essays on the State of Economic Science, 1957.3.3 Keynesian Economics at Cowles: Lawrence Klein, Don Patinkin and James Tobin -- 3.3.1 Prologue -- 3.3.2 Lawrence R. Klein (1920-2013) -- 3.3.3 Don Patinkin (1922-1995) -- 3.3.4 James Tobin (1918-2002) -- 3.4 Neo-Walrasian Economics and Social Choice Theory: Gérard Debreu and Kenneth Arrow -- 3.4.1 Prologue -- 3.4.2 Biographical Notes: Gérard Debreu (1921-2004) and Kenneth Arrow (1921-2017) -- 3.4.3 Arrow's and Debreu's Neo-Walrasian Economics -- 3.4.4 Arrow's Economics: Social Choice and Individual Values, 1951 -- 3.4.5 The Development of Social Choice Theory After Arrow: The Contribution of Amartya Kumar Sen -- References -- 4 Economics at the Graduate School of Industrial Administration (GSIA) in Pittsburgh -- 4.1 Prologue: The Foundation of GSIA -- 4.2 Herbert A. Simon (1916-2001) -- 4.2.1 Biographical Note -- 4.2.2 Simon and GSIA -- 4.2.3 Simon's Economics: From Administrative Behavior (1947) to "A Behavioral Model of Rational Choice" (1955), or the Foundation of a Behaviorist-Institutionalist Perspective -- References -- 5 The Development of the Theory of Games at Princeton and the Rand Corporation -- 5.1 Prologue -- 5.2 John Forbes Nash (1928-2015) -- 5.2.1 Biographical Note -- 5.2.2 Nash's Contribution to Economic Theory: "Non-cooperative Games", 1951 -- 5.2.3 A Note on Nash Equilibrium and the Prisoner's Dilemma -- 5.3 Thomas Schelling (1921-2016) -- 5.3.1 Biographical Note -- 5.3.2 Schelling's Economics: The Strategy of Conflict, 1960, a "Reorientation of Game Theory" -- References -- 6 Economics in Chicago and the New Chicago School -- 6.1 The Emergence of the New Chicago School in Chicago -- 6.1.1 Toward the Transformation of the Chicago Economics Faculty After the War -- 6.1.2 Aaron Director and Theodore Schultz.6.1.3 The Construction of the New Chicago Economics, the Crucial Years and the Arrival of Friedman, Stigler, Coase and Becker -- 6.2 On the Ideology of the New Chicago School: Friedrich Hayek and the Development of Neoliberalism in Chicago -- 6.3 Economics in Chicago: George Stigler (1911-1991) -- 6.3.1 Biographical Note -- 6.3.2 Stigler's Industrial Economics: The Organization of Industry, 1968 -- 6.3.3 Stigler's Economics: "The Theory of Economic Regulation", 1971 -- 6.4 Economics in Chicago: Milton Friedman (1912-2006) -- 6.4.1 Biographical Note -- 6.4.2 Friedman's Monetarist Economics: From the Studies in the Quantity Theory of Money, 1956, to the 1967 Presidential Address -- 6.5 Economics in Chicago: Ronald Harry Coase (1910-2013), the American Years -- 6.5.1 Biographical Note -- 6.5.2 Coase's Economics: "The Problem of Social Cost", 1960 -- 6.6 Economics in Chicago: Gary Becker (1930-2014) -- 6.6.1 Biographical Note -- 6.6.2 Becker's Economics: The Economic Approach to Human Behavior, 1976 -- 6.7 Chicago Economics Outside Chicago: James Buchanan (1919-2013) and the Economics of Public Choice -- 6.7.1 Prologue -- 6.7.2 James Buchanan. Biographical Note -- 6.7.3 Buchanan's Economics of Public Choice: The Calculus of Consent: Logical Foundations of Constitutional Democracy (with Gordon Tullock), 1962 -- References -- Part II Non-Mainstream Economics in Europe and in USA -- 7 Economics in Cambridge, UK, after Keynes -- 7.1 Prologue -- 7.2 Cambridge Post Keynesianism: Joan Robinson and Nicholas Kaldor -- 7.2.1 Joan Robinson's The Accumulation of Capital, 1956 -- 7.2.2 Nicholas Kaldor's Distribution and Growth Theory -- 7.3 Piero Sraffa's (1898-1983) Neo-Ricardism -- 7.3.1 Sraffa in Postwar Cambridge -- 7.3.2 Sraffa's Economics: Production of Commodities by Means of Commodities, 1960.7.4 Richard Stone, Brian Reddaway and the Department of Applied Economics -- 7.4.1 Biographical Notes: Richard Stone (1913-1991) and Brian Reddaway (1913-2002) -- 7.4.2 Stone and Reddaway: Different Approaches to Applied Economics -- References -- 8 Non-Mainstream Economics in the USA -- 8.1 Prologue -- 8.2 The American Post Keynesian Network and Hyman Minsky's Economics -- 8.2.1 Prologue: The American Branch of Post Keynesian Theory -- 8.2.2 Hyman Minsky (1919-1996) -- 8.3 Paul Baran's and Paul Sweezy's Neo-Marxism -- 8.3.1 Prologue: Marxist Thought after 1945 -- 8.3.2 Paul Baran (1909-1964) and Paul Sweezy (1910-2004) -- 8.4 Institutionalism at Columbia University: Karl Polanyi's Group -- 8.4.1 Prologue: Modern Institutionalism in the USA -- 8.4.2 Karl Polanyi and the Substantivist Perspective in Economics -- References -- 9 Great Theoretical Controversies -- 9.1 Cowles Commission Versus NBER, or Koopmans Versus Mitchell: The "Measurement Without Theory" Controversy Between Koopmans and Vining, 1947-1950 -- 9.1.1 Koopmans's Critical Review of Burns's and Mitchell's Measuring Business Cycles, 1947 -- 9.1.2 Vining's Rejoinder, 1949 -- 9.1.3 Schumpeter's Support for Vining, 1950 -- 9.2 Mainstream Controversies: Samuelson and Simon on Friedman's Methodology of Positive Economics, 1953-1963 -- 9.2.1 Friedman on Method: The Methodology of Positive Economics, 1953 -- 9.2.2 Criticisms of Friedman's Essay -- 9.3 The Capital Theory Controversy: The Re-Switching of Techniques and Its Implications, or the Two Cambridges Debate, 1953-1966 -- 9.3.1 Prelude, Cambridge (UK) 1953: Joan Robinson's Attack of the Neoclassical Aggregate Function and the "Ruth Cohen Curiosum" -- 9.3.2 From Technical Curiosity to Theoretical Anomaly: The Reswitching of Techniques in Chapter 12 of Sraffa's Production of Commodities by Means of Commodities, 1960.9.3.3 Neoclassical Reaction: Samuelson's (1962) and Levhari's (1965) Defense of the "MIT School" -- 9.3.4 The 1966 QJE Symposium, or the Confirmation of Sraffa's Results -- 9.3.5 Concluding Remarks -- References -- 10 The Crisis of Keynesianism and the Emergent Dominance of the Chicago School and Neo-Liberalism à la Chicago -- References -- Index.Marchionatti Roberto121018MiAaPQMiAaPQMiAaPQBOOK9910842492303321Economic Theory in the Twentieth Century, an Intellectual History--Volume III4147903UNINA