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Part of a series presenting critical appraisals of influential economists from the age of Aristotle to the present. The individuals examined have shaped both the theory and practice of modern economics. Each volume combines classic statements by economists with the most recent research. ... Read more

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Edgeworth was an eminent Victorian whose theories are a staple of modern economic thought. Only in modern times has his true creative influence been recognized, and this book gathers together his most important statistical papers, affirming his role in the development of economic theory. ... Read more

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This scarce antiquarian book is a selection from Kessinger Publishing's Legacy Reprint Series. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment to protecting, preserving, and promoting the world's literature. Kessinger Publishing is the place to find hundreds of thousands of rare and hard-to-find books with something of interest for everyone! ... Read more

Product Description
This scarce antiquarian book is a selection from Kessinger Publishing's Legacy Reprint Series. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment to protecting, preserving, and promoting the world's literature. Kessinger Publishing is the place to find hundreds of thousands of rare and hard-to-find books with something of interest for everyone! ... Read more

Product Description
This is an EXACT reproduction of a book published before 1923. This IS NOT an OCR'd book with strange characters, introduced typographical errors, and jumbled words.This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book. ... Read more

Product Description
This scarce antiquarian book is a selection from Kessinger Publishing's Legacy Reprint Series. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment to protecting, preserving, and promoting the world's literature. Kessinger Publishing is the place to find hundreds of thousands of rare and hard-to-find books with something of interest for everyone! ... Read more

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THE COST OF WAR AND WAYS OF REDUCING IT SUGGESTED BY ECONOMIC THEORY SUGGESTIONS omy, not inStrUCtIOns, will be offered here. Looking at affairs from a somewhat distant height of abstraction, economic theory points out rather the general direction than the exact path in which steps are to be taken. ' There may at least be avoided the misdirection which results from indistinct general views. Let us begin by removing the obscurity due to the ambiguity of the term I cost '. It is defined in the leading English dictionary as I that which must be given or surrendered in order to acquire, produce, accomplish, or maintain something '. In a secondary or, as it is called by Murray, ? transferred' sense, ? cost' may mean expenditure of labour. So Dr. Marshall distinguishes the I money cost', the I expenses of production' from the ? real cost of production " the efforts and sacrifices that are involved in making a commodity. In accordance with this distinction let us fi

Table of Contents

CONTENTS; Definition and division (P3) The money cost of war (pp 4-8); The 'real cost' (pp8-17) An inquiry into the nature of capital; as used in the course of producing commodities in peace (pp 17-20),; and in war (pp 21--2), leads to suggestions fOf minimizing the; check to capitalization caused by war (pp 23-5)' Other general; suggestions (pp 25-30) Notes (pp 31-48)

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Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.

Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhanc ... Read more

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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free.This is an OCR edition with typos.Excerpt from book:REVIEWSEnglish Local Government from the Revolution to the Municipal Corporations Act: The Parish and the County. By Sidney And Beatrice Webb. (Longmans, Green, aud Co., 1906.)Mr. And Mrs. Webb have, after eight years' labour, published the first volume of their study of English Local Government. Their present plan is, they tell us, to issue five volumes in all, and this instalment is confined to the constitutional (as distinguished from the functional) history of two institutions, the Parish and the County.To professed students of political science their method is likely to be as interesting as their results. They are dealing, as they were when they undertook the study of Trade Unionism, with a subject on which hardly any preliminary research has been done. In such fields they have developed a method (originally, I believe, suggested by Mrs. Webb's experience while working for Mr. Charles Booth twenty years ago) which may be called the quantitative examination of individual variations. Instead of describing a single type or using any loose expressions such as "average," they push their actual inspection of individual instances " up to the point where further researches seemed to bring us nothing but repetition." From that point every selected instance is given, not only accurately as a mere matter of quotation, but with a careful estimate of its statistical relation to the whole. Such a method is, of course, tremendously laborious, and has involved in this case the regular daily work of about five people (the writers and their skilled assistants) for eight years. If ever our universities become places of systematic and subdivided research, and if ever the books of university professors are written, not in the vacations as a relief from the drudgery of teaching, but in... ... Read more

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`This biography is especially welcome in providing a considerable amount of fresh information about Edgeworth's life and background.'
- From the preface by John Creedy, University of Melbourne, Australia

Lluís Barbé has recreated the background and life of Francis Ysidro Edgeworth through a fascinating reconstruction that succeeds in shaping the first detailed biography ever published of this major economist and statistician.

Originating from previously unexplored letters and documents stored in archives and registers in Ireland, England and Catalonia, Edgeworth's relationships with his academic fellows - including Sully, Jevons, Marshall, Galton, Pearson, Walras, Pantaleoni, Fisher, Pareto, Keynes - are meticulously depicted. Stemming from undiscovered primary sources, this book also reveals a detailed insight into the academic world of the period 1875-1925 in the fields of economics and statistics.

With a descriptive survey of Edgeworth's work, this book will prove a captivating read for academics and postgraduate students in economic analysis, the history of economic thought and the history of statistics. Anyone with an interest in Francis Ysidro Edgeworth's life should also read this book. ... Read more

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Among the early neo-classical economists, Francis Edgeworth is known as one of the most brilliant. Philip Mirowski now shows that Edgeworth is also one of the most misunderstood. Revealing for the first time some of Edgeworth's rarest writings, articles on psychic research and physics, and unpublished correspondence with noted intellectuals, Mirowski uses these texts to explain why Edgeworth abandoned the formalism for which he is remembered and never applied his newly forged statistical tools to neo-classical price theory. Emphasizing his latter turn toward probability theory, the selection of Edgeworth's papers broaden the interpretation of the relationship of the neo-classical program to physics, biometrics, physiological psychology, and other relevant sciences at the turn of the century. Mirowski has created an intellectual biography of this key figure that is unprecedented in scope. ... Read more

Customer Reviews (1)

4.5 stars-Yes.Keynes's conventional coefficient of weight and risk,c, was important
Mirowski has done a great service by collecting a number of Edgeworth's most important papers in one book.All of these essays are worth reading again.I will concentrate my review on Edgeworth's 1922 article in Mind, " ThePhilosophy of Chance " ,which is essentially an extended review of J M Keynes's A Treatise on Probability ,and Edgeworth's formal 1922 Review of the A Treatise on Probability in The Journal of the Royal Statistical Society which hews to the standard line of statisticians,which is to use the Normal distribution without first doing any kind of goodness of fit test first .Edgeworth's overall assessment of the A Treatise on Probability (TP;1921) in his two reviews taken as a whole was, by far, the most erudite and careful examination of the TP that was ever published.It is vastly superior to the reviews of Harold Jeffreys, Frank P Ramsey ,Ronald Fisher,Broad,Joseph,Wilson,etc.It is a great tragedy that the highly defective and error filled Ramsey and Fisher reviews were to become the dominant ones in the literature.In fact,Edgeworth was the ONLY reviewer of the TP who actually had taken the time to read,as best he could,most of the TP.Edgeworth is very forth right in acknowledging that there were parts that he could not report on because he did not have the technical competence to carefully assess their merit.One example would be Keynes's interval estimate approach.However, Edgeworth argued that it would be up to other readers of the journal, Mind,to offer a more detailed critique of a number of Keynes's technical innovations.Unfortunately,this never occurred.Edgeworth realized that Keynes was arguing for the existence of interval estimates,although he could not figure out the Boolean foundation upon which Keynes's interval estimates were erected.Edgeworth never fell for the truly idiotic idea,a commonplace among Post Keynesian economists like J Runde,A Carabelli,R O'Donnell,A Fitzgibbons,D Dequech,etc.,that Keynes's nonnumerical probabilities meant that Keynes did not use any numbers in his assessment of a probability .Edgeworth was the first,and last, economist to suggest that J M Keynes's conventional coefficient of weight and risk,c,where c=p2w/(1+q)(1+w)= p[1/(1+q)][(2w/(1+w)],was worth serious consideration when combined with an outcome A.One modification of this model,c=p/(1+q) that occurs when w=1, explains completely the 1979 Tversky -Kahneman analysis in Econometrica of the certainty ,reflection,translation,and preference reversal effects. The goal is to maximize cA,where A is the outcome,as opposed to the EMV(EU) rule's aim of maximizing pA[(pU(A)].Edgeworth was certainly correct that c should have been seriously examined by readers of Mind.Unfortunately,this never happened in the 20th century with one exception.This reviewer,aided in the beginning by Howard Lee in 1987,is the only researcher who seriously examined the mechanics of Keynes's decision rule.It is only in the published and unpublished papers of Brady and Brady and Lee that Keynes's c coefficient was demonstrated to be the equal of the Tversky -Kahneman Prospect theory or the Gilboa-Schmeidlernon additive capacities approach.

Edgeworth's most importantessays are worth reading again.I recommend that a reader buy this book .
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This book has its origins in a previous volume by the same authors, ``Introduction to Equilibrium Analysis''. Within the context of the exchange economy two solutions or themes proposed by Walras and Edgeworth are developed. The first consists of finding those allocations obtained through the decentralization of the choices of individuals by prices. The second, of allocations which are not objected to coalitions by individuals.

This volume should be suitable for final year undergraduate courses or for graduate students. A thorough understanding of the material treated here will be invaluable to the reader in appreciating the economic literature. In particular, he will learn to treat with caution many of the assertions found in that literature.

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Customer Reviews (1)

A superb Introduction to Mathematical Economics!
On little less than 300 pages, Hildenbrand and Kirman give an exceptionally deep introduction to equilibrium analysis. The main topics are Walrasian equilibria (optimal choices relative to a price induced budget set), the core (a generalization of the familiar contract curve), and the relationship between the two. Everything is done in an exchange framework (i.e. no production), which makes it easier to focus on the concepts involved.

Kirman and Hildenbrand prove the existence of Walrasian equilibria, give conditions for the core to be non-empty, show how the core of finite economies converges to the Walrasian equilibria and demonstrate the equivalency between Walrasian equilibria and the core in economies with an continuum of traders. In the last chapter they look at the structure of excess demand functions, conditions for uniqueness and stability in respect to tâtonnement dynamics (no trade until equilibrium is reached). Four appendices give essentially all the mathemtical background needed, except for a little calculus and linear algebra needed in the last chapter. A motivating overview of the content is given in an informal introduction.

All results are well discussed and put in the proper context. The authors don't shy away from showing the limitations of the models. They also point out how one can weaken certain assumptions involved. ... Read more

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This volume is produced from digital images created through the University of Michigan University Library's large-scale digitization efforts. The Library seeks to preserve the intellectual content of items in a manner that facilitates and promotes a variety of uses. The digital reformatting process results in an electronic version of the original text that can be both accessed online and used to create new print copies. The Library also understands and values the usefulness of print and makes reprints available to the public whenever possible. This book and hundreds of thousands of others can be found in the HathiTrust, an archive of the digitized collections of many great research libraries. For access to the University of Michigan Library's digital collections, please see http://www.lib.umich.edu and for information about the HathiTrust, please visit http://www.hathitrust.org ... Read more

Product Description
This is an EXACT reproduction of a book published before 1923. This IS NOT an OCR'd book with strange characters, introduced typographical errors, and jumbled words.This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book. ... Read more

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The 18th century was a wealth of knowledge, exploration and rapidly growing technology and expanding record-keeping made possible by advances in the printing press. In its determination to preserve the century of revolution, Gale initiated a revolution of its own: digitization of epic proportions to preserve these invaluable works in the largest archive of its kind. Now for the first time these high-quality digital copies of original 18th century manuscripts are available in print, making them highly accessible to libraries, undergraduate students, and independent scholars.
Western literary study flows out of eighteenth-century works by Alexander Pope, Daniel Defoe, Henry Fielding, Frances Burney, Denis Diderot, Johann Gottfried Herder, Johann Wolfgang von Goethe, and others. Experience the birth of the modern novel, or compare the development of language using dictionaries and grammar discourses.
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The below data was compiled from various identification fields in the bibliographic record of this title. This data is provided as an additional tool in helping to insure edition identification:
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British Library

T121925

J.T. = Jacob Tonson.P.16 misnumbered 17.

London : printed for J.T. And sold by J. Brown, 1718. 59,[1]p. ; 4° ... Read more

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This digital document is an article from Atlantic Economic Journal, published by Atlantic Economic Society on June 1, 2002. The length of the article is 2017 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: Irving Fisher has been overlooked as an influence on William Vickrey's work on taxation and as a link between Edgeworth and Vickrey. Vickrey was Fisher's last and greatest student. (JEL B3, H)

Citation Details
Title: From Edgeworth to Fisher to Vickrey: A comment on Michael J. Boskin's Vickrey Lecture.
Author: Robert W. Dimand
Publication: Atlantic Economic Journal (Refereed)
Date: June 1, 2002
Publisher: Atlantic Economic Society
Volume: 30Issue: 2Page: 205(4)

Distributed by Thomson Gale ... Read more

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Product Description
This volume is produced from digital images created through the University of Michigan University Library's large-scale digitization efforts. The Library seeks to preserve the intellectual content of items in a manner that facilitates and promotes a variety of uses. The digital reformatting process results in an electronic version of the original text that can be both accessed online and used to create new print copies. The Library also understands and values the usefulness of print and makes reprints available to the public whenever possible. This book and hundreds of thousands of others can be found in the HathiTrust, an archive of the digitized collections of many great research libraries. For access to the University of Michigan Library's digital collections, please see http://www.lib.umich.edu and for information about the HathiTrust, please visit http://www.hathitrust.org ... Read more