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Author: Ross B. Emmett Publisher: Routledge ISBN: 113597442X Category : Business & Economics Languages : en Pages : 251
Book Description
In this book, Ross B.Emmett looks at Frank Knight's economics and philosophy, the nature of Chicago economics, his place in the Chicago tradition and also about the application of hermeneutic theory to the history of economics.
Author: Ross B. Emmett Publisher: Routledge Studies in the Histo ISBN: 9780415775007 Category : Business & Economics Languages : en Pages : 218
Book Description
In this book, Ross B. Emmett looks at Frank Knight's economics and philosophy, the nature of Chicago economics, his place in the Chicago tradition and also about the application of hermeneutic theory to the history of economics.
Author: Ross B. Emmett Publisher: Routledge ISBN: 113597442X Category : Business & Economics Languages : en Pages : 251
Book Description
In this book, Ross B.Emmett looks at Frank Knight's economics and philosophy, the nature of Chicago economics, his place in the Chicago tradition and also about the application of hermeneutic theory to the history of economics.
Author: Frank H. Knight Publisher: Cosimo, Inc. ISBN: 1602060053 Category : Business & Economics Languages : en Pages : 401
Book Description
A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
Author: Ross B. Emmett Publisher: Routledge ISBN: 1135974411 Category : Business & Economics Languages : en Pages : 446
Book Description
Over the last twenty years, Ross B. Emmett has explored the work of Frank H. Knight, the philosopher of the Chicago School of economics. Knight occupies a paradoxical place in the history of Chicago economics: vital to the tradition’s teaching of price theory and the twentieth-century re-articulation of the defense of free enterprise and liberal democracy, yet a critic (in advance) of the empirical and methodological orientation that has characterized Chicago economics and the rest of the discipline in the post-war period, and skeptical of liberalism’s prospects. In the course of his investigation of Knight’s work, Emmett has written not only about Knight’s economics and philosophy, the nature of Chicago economics, and Knight’s place in the Chicago tradition, but also about the application of hermeneutic theory to the history of economics, the relation of the history of economic thought to the discipline of economics, and the relation between economics and religion. His eight-volume collection of primary-source material on The Chicago Tradition in Economics, 1892-1945 was published by Routledge in 2001.
Author: Ross B. Emmett Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Two stories currently circulate regarding Frank Knight's relationship to the Chicago School of Economics. The first is a story of tradition, emphasizing the continuity of Chicago economics; the other emphasizes the new beginnings in the post-war period. The second story even implies that the Chicago approach rejected Knight's views. In order to assess these stories, the paper examines the grounds on which Knight's relationship with the Chicago School can be evaluated. The conclusion is that the Chicago School can be said to owe everything, and nothing, to Knight. Without his initiation of teaching price theory and persistence in defending it, there would be no Chicago tradition. Yet the methodological approach and research infrastructure which propelled the Chicago School to a central position in the economics profession owe little or nothing to him. In fact, the two central methodological principles of Chicago economics - Friedman's principle of positive economics, and the Stigler/Becker de gustibus principle - combine to deny the pluralism Knight advocated for social science in a liberal democracy.
Author: Warren Samuels Publisher: Taylor & Francis ISBN: 1000663833 Category : Business & Economics Languages : en Pages : 544
Book Description
The Chicago School of Economics is arguably the most successful and influential since World War II. This volume provides an interpretation of the Chicago school through constructive critique of its doctrines. It is an inquiry into the nature, role, and significance of the school and its doctrines within both the economics profession and the larger world of ideas and action. This volume offers a deeper understanding of the school, of its strengths and weaknesses, and of the tasks of any body of thought that hopes to comprise an alternative.
Author: Frank Hyneman Knight Publisher: Transaction Publishers ISBN: 1412851211 Category : Business & Economics Languages : en Pages : 209
Book Description
When originally released, Frank Hyneman Knight’s The Economic Organization revitalized the teaching of economic theory in America during the 1930s, laying the foundation for the price theory revolution led by economists emerging from Knight’s circle at The University of Chicago. Knight shows that when societies choose to allow market organization, their economy simultaneously solves the fundamental functions of valuation and efficiency. It also organizes the production and distribution of resources, providing incentives for progress. The Economic Organization provides a short introduction to the basic principles of supply, demand, and distribution that emerge from neoclassical price theory. The central role of the price mechanism in market organization is illustrated neatly by Knight’s "wheel of wealth"—the circular flow diagram most often identified with macroeconomic flows, but introduced here for price theoretic reasons. This version also includes his essay on "Utility and Cost," which provides a seamlessly integrated alternative-cost interpretation of neoclassical theory. This expanded edition of The Economic Organization includes a new introduction by Ross B. Emmett, which expands upon the short note on capital theory inserted in the original. Knight wrote three versions of the note for student use, and all three are included in the second chapter. Few books have changed the landscape of American economics and economic education as much as Knight’s The Economic Organization. This book should be read by all economists, historians, and policy makers.
Author: Johan Van Overtveldt Publisher: Agate Publishing ISBN: 1572846496 Category : Business & Economics Languages : en Pages : 438
Book Description
This “admirably detailed and thoroughly welcome history” provides a fascinating examination of a pivotal moment in the evolution of economic theory (The Economist). When Richard Nixon said “We are all Keynesians now” in 1971, few could have predicted that the next three decades would result in a complete transformation of the global economic landscape. The transformation was led by a small, relatively obscure group within the University of Chicago’s business school and its departments of economics and political science. These thinkers — including Milton Friedman, Gary Becker, George Stigler, Robert Lucas, and others — revolutionized economic orthodoxy in the second half of the 20th century, dominated the Nobel Prizes awarded in economics, and changed how business is done around the world. Written by a leading European economic thinker, The Chicago School is the first in-depth look at how this remarkable group came together. Exhaustively detailed, it provides a close recounting of the decade-by-decade progress of the Chicago School’s evolution. As such, it’s an essential contribution to the intellectual history of our time.
Author: Robert Van Horn Publisher: Cambridge University Press ISBN: 1139501712 Category : Business & Economics Languages : en Pages :
Book Description
Over the past forty years, economists associated with the University of Chicago have won more than one-third of the Nobel prizes awarded in their discipline and have been major influences on American public policy. Building Chicago Economics presents the first collective attempt by social science historians to chart the rise and development of the Chicago School during the decades that followed the Second World War. Drawing on new research in published and archival sources, contributors examine the people, institutions and ideas that established the foundations for the success of Chicago economics and thereby positioned it as a powerful and controversial force in American political and intellectual life.
Author: Ross B. Emmett
Author: Ross B. Emmett
Author: Ross B. Emmett
Author: Frank H. Knight
Author: Ross B. Emmett
Author: Ross B. Emmett
Author: Warren Samuels
Author: Frank Hyneman Knight
Author: Frank Hyneman Knight
Author: Johan Van Overtveldt
Author: Robert Van Horn