Economics as Religion: From Samuelson to Chicago and beyond. (Recommended Reading)by Robert H. Nelson (Pennsylvania State University Press, 2001, 378 pages.)McCoy, BuzzThecounselorsofrealestate
Samuelson, W., & Zeckhauser, R. J. (1988). Status quo bias in decision making.Journal of Risk and Uncertainty, 1,7-59. Schwartz, B. (2004).The paradox of choice: Why more is less.New York: Ecco. Shah, A. K., & Oppenheimer, D. M. (2008). Heuristics made easy: an effort-...
Paul A. Samuelson Journal of the American Statistical Association Dec 1948 Recent statistical techniques, including nonlinear programming, have been added to a basic survey of equilibrium systems, comparative statistics, consumer behavior theory, and cost and production theory. CAS-1 JCR-Q1 SCIE 2088 ...
who in 1966 wrote that “Wall Street indexes predicted nine out of the last five recessions!” Samuelson won the1970 Nobel Prize“for the scientific work through which he has developed static and dynamic economic theory and actively contributed to raising the level of analysis in ...
Thorstein Veblen, John Maynard Keynes, Milton Friedman, and Paul Samuelson. Each reading has been selected with a view to both enlightening the reader as to the major contributions of the author in question and to giving the reader a broad view of the development of economic thought and analysi...
Robert Shiller:There’s a lot going on. It turns out that the human mind is very complicated. Economic theory likes to reduce human behavior to a canonical form, the structure has been, ever since Samuelson wrote this a half century ago, that people want to maximize their consumption. All...
2021: 1). When, following among others Harrod (1939) and Samuelson (1939), investment is made endogenous to output through an accelerator mechanism, the multiplier becomes larger, ceteris paribus, as compared to the simple Keynesian model where investment is exogenous in the short run. This ...
“took a distinct turn as Hicks and Allen, Samuelson, and Savage, made use of Pareto’s arguments against using anything from psychology” (Berg and Gigerenzer2010). So, “While the cardinal and hedonistic views of the early marginalists like Walras, Jevons, and Menger were related to ...
We should not mistake the latest trade agreement with China--allowing it to enter the World...Samuelson, Robert J
Note that by then relevant contributions on the economics of public goods by Samuelson (1954) and information economics by Arrow (1962) and Stigler (1961) provided with the necessary tool kit for approaching the problems in the market for information goods. See also Gordon...