By Julio Segura, Carlos Rodriguez Braun
An Eponymous Dictionary of Economics is an interesting and available reference paintings with entire insurance of the sector of economics from Adam Smith’s challenge via Minkowski’s Theorem to Zellner’s Estimator. Eponymy - the perform of affixing the identify of the scientist to all or a part of what he/she has discovered - has many fascinating good points yet just a only a few makes an attempt were made to take on the topic lexicographically in technological know-how and paintings. this can be the 1st eponymous dictionary of economics ever released in any language. There are 1000s of eponyms and the typical economist will be accustomed to, not to mention have the ability to grasp, a comparatively constrained variety of them. The Dictionary fills this void in a plausible quantity that describes all suitable monetary eponyms. a few infrequent yet attention-grabbing eponyms also are incorporated, many entries are cross-referenced and all have a succinct bibliography for extra examining. Julio Segura and Carlos Rodríguez Braun have assembled a different Dictionary that may be a useful and masses welcomed reference booklet for financial newshounds, economists and monetary students in any respect degrees of academe, and in all components of economics and its linked fields.
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Extra resources for An Eponymous Dictionary Of Economics: A Guide To Laws And Theorems Named After Economists (Elgar Original Reference)
Dalton, H. (1920), ‘The measurement of the inequality of incomes’, Economic Journal, 30, 348–61. See also: Gini’s coefficient, Theil index. A. L. Johnson, (1962), ‘Behavior of the firm under regulatory constraint’, American Economic Review, 52 (5), 1052–69. Sheshinski, E. (1971), ‘Welfare aspects of a regulatory constraint: note’, American Economic Review, 61 (1), 175–8. B Babbage’s principle The Englishman Charles Babbage (1791– 1871) stands out in different subjects: mathematics, economics, science and technology policy.
The difference of the equally distributed equivalent income with the actual income gives Atkinson’s measure of inequality. The social welfare function considered by Atkinson has the form y l–e U(y) = A + B —— , e ≠ 1 l–e U(y) = loge (y), e = 1 12 Averch–Johnson effect and the index takes the form [ 1 —— l–e ] l n yi l – e Ae = 1 – — ∑ (—) n i=l m [ e ≥ 0, e ≠ 1 ] l n yi A1 = 1 – exp — ∑ Ln (—) n i=l m e=1 where e is a measure of the degree of inequality aversion or the relative sensitivity of transfers at different income levels.
Kaldor, Hicks, Scitovsky, Bergson and Samuelson, among other great economists of the period, were involved in a discussion regarding this possibility, while using conventional tools of economic analysis. Arrow provided a general framework within which he could identify the shared values of these economists as partial requirements on the characteristics of a method to aggregate individual preferences into social orderings. By showing the impossibility of meeting all these requirements simultaneously, Arrow’s theorem provided a new focus to the controversies: no one was closer to success than anyone else.
An Eponymous Dictionary Of Economics: A Guide To Laws And Theorems Named After Economists (Elgar Original Reference) by Julio Segura, Carlos Rodriguez Braun