The Experiment in the History of Economics

Throughout the history of economic ideas, it has often been asserted that experimentation is impossible, yet, in fact, history shows that the idea of ‘experimentation’ has always been important, and as such has been interpreted and put to use in many ways. Rich in historical detail, the essays in th...

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description Throughout the history of economic ideas, it has often been asserted that experimentation is impossible, yet, in fact, history shows that the idea of ‘experimentation’ has always been important, and as such has been interpreted and put to use in many ways. Rich in historical detail, the essays in this topical volume deal with such issues as laboratory experimentation, the observed transition from a post-war economics to a contemporary discipline, the contrasting positions of Friedrich Hayek and Oskar Morgenstern, the socio-economic experiments proposed by Ernest Solvay and Knut Wicksell, and a rigorous examination of the way in which economic models can or cannot be construed as valid experiments producing useful knowledge. A testament to the variety of ways in which experimentation has been of importance in the creation of economic knowledge, these wide-ranging essays will interest those seeking to expand their historical understanding of the discipline, be they theorists, historians, philosophers, advanced students or researchers.
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spelling doab-20.500.12854ir-1595692025-05-16T06:49:55Z The Experiment in the History of Economics Fontaine, Philippe Leonard, Robert allais paradox von neumann oskar morgenstern experimental general equilibrium theory Institut Des Sciences Sociales Exchange Rate Foreign Exchange Rate Allais Paradox Subgame Perfect Equilibrium Swedish Economist Knut Wicksell Nash Equilibrium Pure Credit Game Theory Pure Credit Economy Penn State General Equilibrium Theory Evolutionary Game Theory Galilean Idealization Martin Shubik Economic Journal Pure Credit System Reinhard Selten Analogue Economies Perfect Foresight thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCC Microeconomics Throughout the history of economic ideas, it has often been asserted that experimentation is impossible, yet, in fact, history shows that the idea of ‘experimentation’ has always been important, and as such has been interpreted and put to use in many ways. Rich in historical detail, the essays in this topical volume deal with such issues as laboratory experimentation, the observed transition from a post-war economics to a contemporary discipline, the contrasting positions of Friedrich Hayek and Oskar Morgenstern, the socio-economic experiments proposed by Ernest Solvay and Knut Wicksell, and a rigorous examination of the way in which economic models can or cannot be construed as valid experiments producing useful knowledge. A testament to the variety of ways in which experimentation has been of importance in the creation of economic knowledge, these wide-ranging essays will interest those seeking to expand their historical understanding of the discipline, be they theorists, historians, philosophers, advanced students or researchers. 2025-05-16T06:49:54Z 2025-05-16T06:49:54Z 2025-05-15T10:04:34Z 2005 book ONIX_20250515T115059_9781134287604_35 https://library.oapen.org/handle/20.500.12657/101785 9781134287604 9780415649230 9780203023594 9781134287550 9780415344296 9781134287598 https://directory.doabooks.org/handle/20.500.12854/159569 eng Routledge Studies in the History of Economics open access image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/101785/1/9781134287604.pdf Taylor & Francis Routledge 10.4324/9780203023594 10.4324/9780203023594 fa69b019-f4ee-4979-8d42-c6b6c476b5f0 9781134287604 9780415649230 9780203023594 9781134287550 9780415344296 9781134287598 Routledge 192 Oxford open access
spellingShingle allais
paradox
von
neumann
oskar
morgenstern
experimental
general
equilibrium
theory
Institut Des Sciences Sociales
Exchange Rate
Foreign Exchange Rate
Allais Paradox
Subgame Perfect Equilibrium
Swedish Economist Knut Wicksell
Nash Equilibrium
Pure Credit
Game Theory
Pure Credit Economy
Penn State
General Equilibrium Theory
Evolutionary Game Theory
Galilean Idealization
Martin Shubik
Economic Journal
Pure Credit System
Reinhard Selten
Analogue Economies
Perfect Foresight
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCC Microeconomics
The Experiment in the History of Economics
title The Experiment in the History of Economics
title_full The Experiment in the History of Economics
title_fullStr The Experiment in the History of Economics
title_full_unstemmed The Experiment in the History of Economics
title_short The Experiment in the History of Economics
title_sort experiment in the history of economics
topic allais
paradox
von
neumann
oskar
morgenstern
experimental
general
equilibrium
theory
Institut Des Sciences Sociales
Exchange Rate
Foreign Exchange Rate
Allais Paradox
Subgame Perfect Equilibrium
Swedish Economist Knut Wicksell
Nash Equilibrium
Pure Credit
Game Theory
Pure Credit Economy
Penn State
General Equilibrium Theory
Evolutionary Game Theory
Galilean Idealization
Martin Shubik
Economic Journal
Pure Credit System
Reinhard Selten
Analogue Economies
Perfect Foresight
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCC Microeconomics
topic_facet allais
paradox
von
neumann
oskar
morgenstern
experimental
general
equilibrium
theory
Institut Des Sciences Sociales
Exchange Rate
Foreign Exchange Rate
Allais Paradox
Subgame Perfect Equilibrium
Swedish Economist Knut Wicksell
Nash Equilibrium
Pure Credit
Game Theory
Pure Credit Economy
Penn State
General Equilibrium Theory
Evolutionary Game Theory
Galilean Idealization
Martin Shubik
Economic Journal
Pure Credit System
Reinhard Selten
Analogue Economies
Perfect Foresight
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCC Microeconomics
url ONIX_20250515T115059_9781134287604_35