Arrow and the Ascent of Modern Economic Theory

Notes on the Contributors Preface The Potentials and Limits of Economic Analysis: The Contributions of Kenneth J. Arrow; G.R.Feiwel PART I: THE MAKERS OF MODERN GENERAL EQUILIBRIUM THEORY Oral History I: An Interview; Kenneth J.Arrow Oral History II: An Interview; G.Debreu Oral History III: An Interview; L.Hurwicz PART II: VISION, METHOD, APPLICATION Arrow's Vision of the Economic Process; C.Bliss Economic Theory and Mathematical Method: An Interview; R.J.Aumann Transformation in General Equilibrium Theory and Methods: An Interview; A.Mas-Colell Theory and Method - Second-Generation Perspective: An Interview; H.Sonnenschein Interaction between General Equilibrium and Macroeconomics: An Interview; L.R.Klein PART III: THEORY OF RESOURCE ALLOCATION On the Non-existence of Equilibrium: From Thornton to Arrow; T.Negishi On Equilibria of Bid-Ask Markets; R.B.Wilson General Equilibrium Analysis of Imperfect Competition: An Illustrative Example; J.Roberts Incentive-based Decentralization: Expected-Externality Payments Induce Efficient Behaviour in Groups; J.W.Pratt and R.Zeckhauser Arrow and the Theory of Discrimination; H.Y.Wan Jr Specialization, Search Costs, and the Degree of Resource Utilization; M.W.Reder Information Disclosure and the Economics of Science and Technology; P.Dasgupta and P.A.David PART IV: DECISION-MAKING UNDER UNCERTAINTY Von-Neumann-Morgenstern Utilities, Risk Taking, and Welfare; J.C.Harsanyi Arrow-Bayes Equilibria: A New Theory of Price Forecasting; H.W.Brock Rational Learning and Rational Expectations; M.Bray and D.M.Kreps Aspects of Investor Behaviour Under Risk; B.M.Friedman and V.V.Roley Oligopolistic Uncertainty and Optimal Bidding in Government Procurement: A Subjective Probability Approach; R.E.Kuenne Taking Pure Theory to Data: Arrow's Seminal Contribution; R.M.Townsend PART V: ARROW'S REFLECTIONS ON THE ESSAYS Reflections on the Essays; K.J.Arrow Index