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Friedman and the Cowles Commission

Marcel Boumans

in Milton Friedman: Contributions to Economics and Public Policy

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198704324
eISBN:
9780191773761
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198704324.003.0032
Subject:
Economics and Finance, Economic History, Macro- and Monetary Economics

The interaction between the Cowles Commission and Milton Friedman was a confrontation between two research programs, a Walrasian versus a Marshallian, each claiming to offer the best scientific ... More


Past, Present, and Possible Future of Macroeconometric Models and Their Uses

Lawrence R. Klein

in Comparative Performance of U.S. Econometric Models

Published in print:
1991
Published Online:
October 2011
ISBN:
9780195057720
eISBN:
9780199854967
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195057720.003.0001
Subject:
Economics and Finance, Econometrics

Econometrics, as a total subject, is older than macroeconometric model building and deserves a separate historical inquiry. Early investigations of demand–supply functions, income distributions, ... More


A History of Econometrics: The Reformation from the 1970s

Duo Qin

Published in print:
2013
Published Online:
September 2013
ISBN:
9780199679348
eISBN:
9780191758416
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199679348.001.0001
Subject:
Economics and Finance, Econometrics, History of Economic Thought

This book is a sequel of Qin's previous OUP volume The Formation of Econometrics: A Historical Perspective. That book traces the history roughly during the period 1930-1960. The present book is ... More


The Neoclassical Economics of Information Was Incubated at Cowles

Philip Mirowski and Edward Nik-Khah

in The Knowledge We Have Lost in Information: The History of Information in Modern Economics

Published in print:
2017
Published Online:
June 2017
ISBN:
9780190270056
eISBN:
9780190270087
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190270056.003.0007
Subject:
Economics and Finance, History of Economic Thought

One of the most important contributions of the Cowles Commission in the period 1944 to 1954 was to jump-start the formalization of the orthodox approach to the economics of information. The tension ... More


Consolidation of the Cowles Commission Programme

Qin Duo

in A History of Econometrics: The Reformation from the 1970s

Published in print:
2013
Published Online:
September 2013
ISBN:
9780199679348
eISBN:
9780191758416
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199679348.003.0002
Subject:
Economics and Finance, Econometrics, History of Economic Thought

Econometrics stems directly from the post-1940 works of Haavelmo and the Cowles Commission (CC) Monograph 10. This paper examines the consolidation process of the CC research programme mainly during ... More


Introduction

Qin Duo

in A History of Econometrics: The Reformation from the 1970s

Published in print:
2013
Published Online:
September 2013
ISBN:
9780199679348
eISBN:
9780191758416
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199679348.003.0001
Subject:
Economics and Finance, Econometrics, History of Economic Thought

The background of the book is briefly explained, followed by a short literature review. The content layout and main topics by each chapter are summarised.


What Is That Function?: Friedman, Savage, Marschak, Samuelson, and Baumol on EUT, 1947–1950

Ivan Moscati

in Measuring Utility: From the Marginal Revolution to Behavioral Economics

Published in print:
2018
Published Online:
December 2018
ISBN:
9780199372768
eISBN:
9780199372805
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780199372768.003.0011
Subject:
Economics and Finance, Microeconomics

Chapter 10 reconstructs the first part of the American debate on expected utility theory (EUT), which ranges from 1947, when the second edition of John von Neumann and Oskar Morgenstern’s Theory of ... More


The Knowledge We Have Lost in Information: The History of Information in Modern Economics

Philip Mirowski and Edward Nik-Khah

Published in print:
2017
Published Online:
June 2017
ISBN:
9780190270056
eISBN:
9780190270087
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190270056.001.0001
Subject:
Economics and Finance, History of Economic Thought

In contrast with conventional histories of “economic rationality,” in this book we propose that the history of modern microeconomics is better organized as the treatment of information in postwar ... More


The Socialist Calculation Controversy as the Starting Point of the Economics of Information

Philip Mirowski and Edward Nik-Khah

in The Knowledge We Have Lost in Information: The History of Information in Modern Economics

Published in print:
2017
Published Online:
June 2017
ISBN:
9780190270056
eISBN:
9780190270087
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190270056.003.0005
Subject:
Economics and Finance, History of Economic Thought

The Socialist Calculation Controversy first raised the political problem of agent epistemology in the history of economics. The Cowles Commission, primarily comprising market socialists, sought to ... More


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