Essay On Economic Theory An

Essays in Economic Theory, first published in 1983, combines two essays on game theory and its applications in economics. The first, "Learning Behavior and the Noncooperative Equilibrium", considers whether an adaptive justification, like those commonly available for the optimization models frequently employed elsewhere in economics, can be found for the Nash noncooperative equilibrium. The second essay, "A Game of Fair Division", was motivated by the desire to find attractive methods for solving allocation problems and bargaining disputes that are simple enough to provide useful alternatives to existing methods. It studies in detail one such simple method: the classical "divide-and-choose" procedure. This book will be of interest to students of economics.

First Published in 2015. This is volume 2 of a selection of essays on economics looking at the theories, facts and policies and including topics of U.S. national accounts, alternatives to Input-Output analysis and environmental repercussions and the economic structure as well as the balance of the economy in the USSR.

Richard Cantillon is one of the key figures in the early history of economics. He was certainly not the first to think about economic problems, but he was the first to have clear insight into the way the economy functions as a system. He was arguably the first to structure a theory of how the economy works. In this sense he could be called the first real economist. Today, his ideas on population, determination of prices, wages and interest, the role of the entrepreneur, banking, and the influence of money supply on the economy are increasingly quoted and appreciated. This is a translation of the ?ssai sur la nature du commerce en general his only surviving work. It was circulated in manuscript form for many years after his death and was extremely influential, albeit not well known, at least throughout the eighteenth century. Essays on the Nature of Commerce in General shaped the development of economics through its formative influence on Franþois Quesnay and Adam Smith. It is a cornerstone upon which all subsequent economic theory has been built. Transaction is proud to breathe new life into this classic work as part of its distinguished series in economic theory and history. In his new introduction, Anthony Brewer showcases Cantillon, the prophetic thinker, for a new generation of readers. This volume's broad-based appeal and great cultural import can no longer afford to be overlooked. Students of economic theory, intellectual historians, and sociologists will find this volume indispensable. Richard Cantillon (1680û1734). Little is known about Cantillon except that he was Irish and turned briefly from a successful banking career, mainly in France, to write one of the most outstanding works in the history of the subject, L'?ssai. Anthony A. Brewer is professor of the history of economics at the University of Bristol. He is on the editorial advisory board of the scholarly journal, History of Political Economy, and has held visiting posts at Duke University and Chou University (Tokyo). He is the author of Richard Cantillon: Pioneer of Economic Theory, Marxist Theories of Imperialism: A Critical Survey, and A Guide to Marx's Capital.

Consists of original and rev. versions of papers presented at a conference at Airlie House in Virginia, Mar. 1983. Includes bibliographies and index.

This work comprises the major papers of this extraordinary Nobel Laureate in economics. The common concern of the papers included in this volume is economic theory, its structure, uses, and abuses. As the late Harry G. Johnson said: "No one reading this volume can fail to be struck by the depth of scholarship Professor Leontief is capable of deploying and the profundity of his understanding of methodological problems of economic theory, and his critique of the work of other economists."