From General Equilibrium Theory to the Economics of Uncertainty：A Personal Perspective

Material type: 文書・図像類

Author: Sakai, Yasuhiro

Publisher: Center for Risk Research(CRR), Shiga University

Publication date: 2019-06

Material Format: Digital

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Note (General)：: This note is concerned with the question of why and how my research interest has been changed from general equilibrium theory to the economics of unce...

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Material Type: 文書・図像類
Title: From General Equilibrium Theory to the Economics of Uncertainty：A Personal Perspective
Author/Editor: Sakai, Yasuhiro
Author Heading: Sakai, Yasuhiro
Publication, Distribution, etc.: Center for Risk Research(CRR), Shiga University
Publication Date: 2019-06
Publication Date (W3CDTF): 2019-06
Alternative Title: From General Equilibrium Theory to the Economics of Uncertainty：A Personal Perspective
Periodical title: CRR Discussion Paper, Series A
No. or year of volume/issue: No. A-35
Volume: No. A-35
Pages: 1-14
Text Language Code: jpn
Target Audience: 一般
Note (General): This note is concerned with the question of why and how my research interest has been changed from general equilibrium theory to the economics of uncertainty. though it is fundamentally a personal perspective, it is expected to have historical implications as well, thus serving as a good guide toward the new horizon of integrated social science. When I was started my research life, the people was involved in the "Cold War" between the capitalist bloc and the socialist bloc. In 1968, to escape from the Japanese university disturbance, I applied for the graduate program at the University of Rochester, with Professor Lionel W. McKenzie being a towering figure. While I took care of the math econ sequence at the University of Pittsburgh, I began to have a feeling of doubt about the practical applicability of general equilibrium theory a la McKenzie. Partly being motivated by a suggestion from Professor Oscar Morgenstern, who came to Pittsburgh for an academic lecture, I began to shift my research area from pure and abstract theories to more practical and applied subjects including the economics of uncertainty. In 1989, all of a sudden, the seemingly invincible Berlin Wall turned down, being followed by the collapse of the mighty Soviet Union. In the dreadful year of 2008, the world economies was involved in the most serious crisis since the Great Depression on the 1930s. At present, we are living in the "New Age of Uncertainty," hoping for the coming of the second Keynes and/or the second Knight. Thomas Piketty's new book on economic inequality would possibly lead to the promotion of an integrated social science in the new century.
identifier:CRR Discussion Paper, Series A, No. A-35, pp.1-14
Source: https://shiga-u.repo.nii.ac.jp/?action=repository_action_common_download&item_id=13335&item_no=1&attribute_id=19&file_no=1
https://shiga-u.repo.nii.ac.jp/?action=repository_action_common_download&item_id=13335&item_no=1&attribute_id=19&file_no=1
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Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
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Original Data Provider (Database): 滋賀大学 : 滋賀大学学術情報リポジトリ