By Julio Segura, Carlos Rodriguez Braun
An Eponymous Dictionary of Economics is an interesting and available reference paintings with complete insurance of the sphere of economics from Adam Smith’s challenge via Minkowski’s Theorem to Zellner’s Estimator. Eponymy - the perform of affixing the identify of the scientist to all or a part of what he/she has discovered - has many fascinating gains yet just a only a few makes an attempt were made to take on the topic lexicographically in technology and paintings. this is often the 1st eponymous dictionary of economics ever released in any language. There are 1000's of eponyms and the typical economist will be familiar with, not to mention be ready to grasp, a comparatively constrained variety of them. The Dictionary fills this void in a doable quantity that describes all correct monetary eponyms. a few infrequent yet attention-grabbing eponyms also are incorporated, many entries are cross-referenced and all have a succinct bibliography for additional analyzing. Julio Segura and Carlos Rodríguez Braun have assembled a special Dictionary that might be a useful and masses welcomed reference ebook for financial reporters, economists and monetary students in any respect degrees of academe, and in all components of economics and its linked fields.
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Extra resources for An Eponymous Dictionary Of Economics: A Guide To Laws And Theorems Named After Economists (Elgar Original Reference)
The classical Brouwer’s fixed point theorem for single-valued mappings and its extension to multi-valued mappings due to Kakutani are widely used to prove the existence of an equilibrium in several contexts. Among the many other existing fixed point theorems, one of the oldest, simplest but nevertheless most useful ones is Banach’s principle for contractive mappings from a complete metric space into itself. A metric space is a mathematical structure consisting of a set X and a function d assigning a non-negative real number d(x, y) to each ordered pair x, y of elements in X.
ANDREU MAS-COLELL Bibliography Arrow K. and G. Debreu (1954), ‘Existence of an equilibrium for a competitive economy’, Econometrica, 22, 265–90. Arrow K. and F. Hahn (1971), General Competitive Analysis, San Francisco, CA: Holden-Day. McKenzie, L. (2002), Classical General Equilibrium Theory, Cambridge, MA: The MIT Press. See also: Pareto efficiency, Walras’s auctioneer and tâtonnement. J. W. Pratt (see Pratt, 1964) in the 1960s. They consider a decision maker, endowed with wealth x and an increasing utility function u, facing a risky choice represented by a random variable z with distribution F.
In his Lombard Street (1873) Bagehot took up his essential ideas published in The Economist, and formulated two rules in order to check the possible panic in time of crisis: (1) the ‘loans should only be made at a very high rate of interest’; (2) ‘at this rate these advances should be made on all good banking securities, and as largely as the public ask for them’. JORDI PASCUAL JORDI PASCUAL Bibliography Babbage, Charles (1832), On the Economy of Machinery and Manufactures, London: Charles Knight; 4th enlarged edn, 1835; reprinted (1963, 1971), New York: Augustus M.