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Showing papers by "Kenneth J. Arrow published in 2005"


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31 citations


Journal ArticleDOI
TL;DR: The father of an infant in rural Africa with fever buys malaria medicine, but a day later, the baby is dead, and Kenneth Arrow, Helen Gelband, and Dean Jamison write that the outcome has little to do with the curability of the disease and everything toDo with economics.
Abstract: The father of an infant in rural Africa with fever buys malaria medicine, but a day later, the baby is dead. Kenneth Arrow, Helen Gelband, and Dean Jamison write that the outcome has little to do with the curability of the disease and everything to do with economics.

17 citations



Book
30 Nov 2005
TL;DR: Uzawa's seminal contributions to mathematical economics include consumption, production, equilibrium, capital, growth, planning, international trade, and the theory of social overhead capital as mentioned in this paper, which form a basis upon which economic theory has developed over the last twenty years.
Abstract: This volume contains a selection of Professor Uzawa's important contributions to mathematical economics. Subjects covered by these nineteen essays include consumption, production, equilibrium, capital, growth, planning, international trade, and the theory of social overhead capital. Written in the 1960s and early 1970s, the papers form a basis upon which economic theory has developed over the last twenty years. The collection includes some of Uzawa's classic contributions, such as 'Preference and Rational Choice in the Theory of Consumption' (presented at the First Stanford Symposium), 'Time Preference, the Consumption Function, and Optimum Asset Holdings', 'Neutral Inventions and the Stability of Growth Equilibrium', 'On a Two-Sector Model of Economic Growth', 'Time Preference and the Penrose Effect in a Two-Class Model of Economic Growth', and 'On the Economics of Social Overhead Capital'. The collection will be useful not only in understanding the nature of the development in economic theory today, but also in reflecting upon the direction toward which economic theory will be advancing in the future.

1 citations