Augustin Cournot: modelling economics

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Edward Elgar, 2007 - 148 pàgines
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'This rich and fascinating collection of essays helps enormously to establish the reputation of Augustin Cournot as a diverse and powerful thinker, whose numerous contributions range far beyond his widely acknowledged model of oligopoly. Cournot is revealed not merely as a mathematician, but one who was engaged in philosophical debates concerning epistemology and the nature of science. Anyone with the preconception that the development of modern economics was confined to the Anglophone world - from Smith through Marshall to the Nobel Laureates of today - will be amazed by the details of Cournot's contribution revealed here.' - Geoffrey M. Hodgson, University of Hertfordshire, UK "If Augustin Cournot had still been alive, he could have won the Nobel Memorial Prize in Economics on at least three different occasions", exclaimed Nobel Laureate Robert Aumann during the 2005 Cournot Centre conference. From his earliest publications, Cournot broke from tradition with his predecessors in applying mathematical modelling to the social sphere. Consequently, he was the first to affirm the mathematization of social phenomena as an essential principle. The fecundity of Cournot's works stems not only from this departure, but also from a richness that irrigated the social sciences of the twentieth century. In this collection, the contributors - including two Nobel laureates in economics - highlight Cournot's profound innovativeness and continued relevance in the areas of industrial economics, mathematical economics, market competition, game theory and epistemology of probability and statistics. Each of the seven authors reminds us of the force and modernity of Cournot's thought as a mathematician, historian of the sciences, philosopher and, not least, as an economist. Combining an epistemological perspective with a theoretical one, this book will be of great interest to researchers and students in the fields of economics, the history of economic thought, and epistemology.

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200 years of relevance
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Cournots probabilistic epistemology
21
The functions of economic models
41
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