History of Economics Playground

A blog by young and restless (and good looking) historians of economics

Do you have talent for the history of economics?

with 2 comments

Paul Samuelson asked in the title of a commentary to John Chipman’s book on Pareto (Box 6, Rare Books, Manuscript, and Special Collections Library, Duke University): “Do you

The young Samuelson (from the Nobel Prize website)

have talent for economic theory?”, and started it as follows:

You should cultivate chiropractory or plumbing if you can’t give the right definite answer to the following question:

“If the minimum cost of achieving at least adequate amounts of calories and vitamins is $39 per year, what must the minimum cost be of achieving exactly the specified amounts of calories and vitamins?”

Does anyone want to try, just for fun, to formulate a question that would serve similarly to the history of economics? Hum… I guess it should start with Smith and end with Keynes…

Written by Pedro

10 February 2011 at 10:58 pm

2 Responses

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  1. Let me give it a try:
    Currently, Keynes’ General Theory (1936) has a value-in-exchange of $12.99 at Amazon. What is its value-in-use?


    14 February 2011 at 8:24 pm

    • Nice! I add: compare this value-in-use with that of Smith’s Wealth of Nations.


      15 February 2011 at 1:24 am

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