Working Papers

Reacting to Samuelson: Early Development Economics and the Factor-Price Equalization Theorem

Author: 
Mauro Boianovsky
Publication Number: 
2019-11
Publication Date: 
Tuesday, July 9, 2019

Paul Samuelson’s famous 1948 “factor price equalization theorem” was his main contribution to international trade theory. He demonstrated conditions under

The United States, Checks and Balances, and a Commercial Republic – An Experiment

Author: 
Nadia E. Nedzel
Publication Number: 
2019-10
Publication Date: 
Tuesday, May 28, 2019

This chapter explains how the concept of the rule of law grew and changed in the founding of the United States. The United States was founded by people who thought they were

Impact Factor Pressures, Scientific Practices, and the Place of Survey Articles in the History of Economics

Author: 
Erich Pinzón-Fuchs, Cléo Chassonnery-Zaïgouche, and Catherine Herfeld
Publication Number: 
2019-09
Publication Date: 
Friday, May 17, 2019

The literature in the history of economics has grown to an extent that it is almost impossible for an individual to read, study, and assimilate all the recent works even in a specialized area.

Paul Samuelson’s Ways to Macroeconomic Dynamics

Author: 
Mauro Boianovsky
Publication Number: 
2019-08
Publication Date: 
Friday, May 10, 2019

Samuelson kept optimization-based problems separated from macroeconomic dynamics in his Foundations, where dynamics were defined in terms of difference and differential equations. Despite some criticism of his “correspondence principle” of stability analysis by D.F. Gordon, D.

Divergence and Convergence: Paul Samuelson on Economic Development

Author: 
Mauro Boianovsky
Publication Number: 
2019-07
Publication Date: 
Monday, April 22, 2019

The theory of economic development was an exception to Paul Samuelson’s claim of being a “generalist” in economics. It was a hard subject to tackle analytically because of the intrinsic difficulty of some of the concepts involved, such as increasing returns and long-term economic evolution.

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