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Game Theory and Cold War Rationality: A Review Essay

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  • E. Roy Weintraub

Abstract

This essay reviews new histories of the role of game theory and rational decision making in shaping the social sciences, economics among them, in the postwar period. The recent books The World the Game Theorists Made by Paul Erickson and How Reason Almost Lost Its Mind: The Strange Career of Cold War Rationality by Paul Erickson, Judy Klein, Lorraine Daston, Rebecca Lemov, Thomas Sturm, and Michael Gordin raise a number of complex historical questions about the interconnections among game theory, utility theory, decision theory, optimization theory, information theory, and theories of rational choice. Moreover, the contingencies of time, place, and person call into question the usefulness of economists' linear narratives about the autonomous and progressive development of modern economics. The essay finally reflects on the challenges that these issues present for historians of recent economics.

Suggested Citation

  • E. Roy Weintraub, 2017. "Game Theory and Cold War Rationality: A Review Essay," Journal of Economic Literature, American Economic Association, vol. 55(1), pages 148-161, March.
    • Handle: RePEc:aea:jeclit:v:55:y:2017:i:1:p:148-61
    Note: DOI: 10.1257/jel.20161341
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    References listed on IDEAS

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    1. Backhouse,Roger E. & Fontaine,Philippe (ed.), 2014. "A Historiography of the Modern Social Sciences," Cambridge Books, Cambridge University Press, number 9781107037724, September.
    2. Amadae, S.M., 2003. "Rationalizing Capitalist Democracy," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226016535, April.
    3. Morgenstern, Oskar, 1976. "The Collaboration between Oskar Morgenstern and John von Neumann on the Theory of Games," Journal of Economic Literature, American Economic Association, vol. 14(3), pages 805-816, September.
    4. Till Düppe & E. Roy Weintraub, 2014. "Finding Equilibrium: Arrow, Debreu, McKenzie and the Problem of Scientific Credit," Economics Books, Princeton University Press, edition 1, number 10206.
    5. Leonard,Robert, 2010. "Von Neumann, Morgenstern, and the Creation of Game Theory," Cambridge Books, Cambridge University Press, number 9780521562669, September.
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    More about this item

    JEL classification:

    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • N42 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: 1913-

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