Special Invited Symposium on the Foundations of Neoclassical Economics Jevons and Menger Re‐homogenized

Jaffé After 20 Years

Bibliographic Data

ID7579402
AuthorsSandra J Peart (0000-0002-1411-7918, Baldwin Wallace University, corresponding author)
Year1998
Volume57
Issue3
Pages307-325
Publication date1998-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Journal of Economics and Sociology (JOURNAL)
Journal identifiersISSN: 0002-9246 • E-ISSN: 1536-7150
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1536-7150.1998.tb03212.x
OpenAlexW2076025518
LanguageEN
Citations received4
References cited15

A bstract . Following Jaffé's 1976 argument, the effort to de‐homogenize Jevons, Walras, and Menger may have obscured some key similarities between Jevons and Menger. The article argues that Jevons's view of human behavior is more complex than has been allowed, and has much in common with Menger's predisposition for process, uncertainty, mistakes, and the significance of time in decision making. Some of the key features of the Mengerian economic being, features that have often been used to portray him as the “odd man out” among the triumvirate, also characterize Jevons's decision makers. For both Menger and Jevons, the decision maker is plagued by error, indecision, and information gaps

Argument (complex analysis) · Decision maker · Decision-making · Economics · Epistemology · Key (lock) · Management science · Mathematical economics · Neoclassical economics · Operations management · Positive economics · Process (computing) · Chemistry · Computer Science · Economic theories and models · Economic Theory and Institutions · Economic Theory and Policy · Philosophy

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