A.G. PAPANDREOU’S ACADEMIC ECONOMIC THOUGHT 1943-1963

Michel S. Zouboulakis

No 3nqfb, SocArXiv from Center for Open Science

Abstract: The aim of this article is to make an overall assessment of Andreas Georges Papandreou’s theoretical contributions during his American academic career, from the perspective of the history of economic thought. Papandreou contributed to the post-war development of economic thought in competition theory and experimental testing of consumer theory. In developing competition theory, he introduced a new method of evaluating the monopolistic power of a firm through a coefficient measuring the firm’s penetration in the market. Furthermore, he suggested a way of experimentally testing whether individual preferences satisfy the axiom of transitivity. Lastly, he actively participated in the methodological controversies on the realisticness of economic assumptions which took place between 1946 and 1953, and on the empirical meaning of economics in 1963, between Friedman, Samuelson, Machlup, Simon and others.

Date: 2023-04-29
New Economics Papers: this item is included in nep-his and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:3nqfb

DOI: 10.31219/osf.io/3nqfb

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