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Economics at the Cowles Commission in Chicago and Yale

In: Economic Theory in the Twentieth Century, An Intellectual History—Volume III

Author

Listed:
  • Roberto Marchionatti

    (University of Turin)

Abstract

The chapter deals with economics at the Cowles Commission in Chicago (until 1955) and then at Yale, under the leadership of Jacob Marschak, Tjalling Koopmans and James Tobin: the research program in mathematical economics and econometrics was reoriented, and important areas of microeconomic theory as well as of macroeconomics were addressed. Firstly, Koopmans’s econometric contributions and activity analysis and his reflection about the state of economics are examined. Then, the most significant contributions to Keynesian macroeconomics by Lawrence Klein, Dom Patinkin and James Tobin are analyzed. Lastly, the contributions of Gerard Debreu and Kenneth Arrow on Neo-Walrasian economics and Social Choice Theory are examined.

Suggested Citation

  • Roberto Marchionatti, 2024. "Economics at the Cowles Commission in Chicago and Yale," Springer Books, in: Economic Theory in the Twentieth Century, An Intellectual History—Volume III, chapter 0, pages 69-153, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-50222-4_3
    DOI: 10.1007/978-3-031-50222-4_3
    as

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