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A.G. Papandreou’S Academic Economic Thought 1943-1963

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  • Zouboulakis, Michel S.

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.

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  • Zouboulakis, Michel S., 2023. "A.G. Papandreou’S Academic Economic Thought 1943-1963," SocArXiv 3nqfb, Center for Open Science.
    • Handle: RePEc:osf:socarx:3nqfb
    DOI: 10.31219/osf.io/3nqfb
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    References listed on IDEAS

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    3. Ivan Moscati, 2007. "Early Experiments in Consumer Demand Theory: 1930-1970," History of Political Economy, Duke University Press, vol. 39(3), pages 359-401, Fall.
    4. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
    5. R. L. Hall & C. J. Hitch, 1939. "Price Theory And Business Behaviour," Oxford Economic Papers, Oxford University Press, vol. 0(1), pages 12-45.
    6. A. P. Lerner, 1934. "The Concept of Monopoly and the Measurement of Monopoly Power," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 1(3), pages 157-175.
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