Working Papers

Uncertainty and the Limits of Markets

Author: 
Roni Hirsch
Publication Number: 
2020-08
Publication Date: 
Friday, June 26, 2020

The article considers the place of the neoclassical equilibrium model as the basis for current views of markets as fair, efficient, or both.

Hayek’s Treatment of Legal Positivism

Author: 
Daniel Nientiedt
Publication Number: 
2020-07
Publication Date: 
Thursday, May 7, 2020

Friedrich Hayek devoted the later part of his career to investigating the legal rules required for the existence of a free society.

What Did It Mean for Lucas to Set Up ‘Useful’ Analogue Systems?

Author: 
Peter Galbács
Publication Number: 
2020-06
Publication Date: 
Friday, April 24, 2020

This paper provides a look into what Lucas meant by the term ‘analogue systems’ and how he conceived making them useful. It is argued that any model can be regarded as an analogue system provided it has remarkable predictive success. The term is thus neutral in terms of usefulness.

Science Studies and Economics: An Informal History

Author: 
E. Roy Weintraub
Publication Number: 
2020-05
Publication Date: 
Tuesday, April 14, 2020

Duke’s Center for Interdisciplinary Studies in Science and Cultural Theory (CISSCT) hosted a two-year program on “Science Studies and Economics” from 2018-2020. This is a draft of a talk that was to be

Paul Rosenstein-Rodan and the Birth of Development Economics

Author: 
Michele Alacevich
Publication Number: 
2020-04
Publication Date: 
Wednesday, March 11, 2020

This paper, based on previously untapped archival sources, offers an assessment of the life and thought of Paul Rosenstein-Rodan, a pioneer of development economics and one of the first articulators of both the “Big Push” and “balanced growth” theories.

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