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Re: Re: [Pen-l] behavioral (experimental) economics

I am still groggy from my visit to Yale.  I looked all over for the monuments 
celebrating Jim Devine and Doug Henwood, but they were probably taken down 
temporarily in deference to William Buckley.

MacKenzie, Donald A. 2006. An Engine, Not a Camera (Cambridge: MIT Press) tells 
engaging story of how finance almost used to have much in common with institutional 
economics, and then became a prisoner of the sophisticated mathematical version.

Regarding Masonomics, I do not think it is the exactly same as Chicago.  Friedman's 
Chicago is a stripped-down version of Marshall, without the latter's more open 
observations that he relegated to footnotes, emphasizing transactions.  Masonomics is 
more Hayekian, with a dose of Schumpeter.  It concentrates on the role of the 
entrepreneur.

Even so, both come to the same doctrinaire conclusion.



-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com
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