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Article
Restabilizing Dynamics: Construction and Constraint in the History of Walrasian Stability Theory
Economics and Philosophy
  • D. Wade Hands, University of Puget Sound
Document Type
Article
Publication Date
1-1-1994
Department
Economics
Abstract
In Stabilizing Dynamics (1991) Roy Weintraub provides a history of stability theory from the work of Hicks and Samuelson in the late 1930s to the Gale and Scarf counterexamples in the 1960s. Unlike his earlier work in the history of general equilibrium theory (1979, 1985, 1988) this recent contribution is not an attempt to fit the Walrasian program into the narrow framework of some particular philosophy of natural science (such as Lakatos's methodology of scientific research programs). Rather, the theme in Stabilizing Dynamics is broadly social constructivist. Simply put, the constructivist view of science is “that scientific knowledge itself is constructed socially, in communities of scientists: Knowledge is constructed, not found” (p. 9).
ISSN
0266-2671
Citation Information
"Restabilizing Dynamics: Construction and Constraint in the History of Walrasian Stability Theory," Economics and Philosophy, 10, 1994, 243-83 [reprinted in The International Library of Critical Writing in Economics: Recent Developments in Methodology, Vol. I, John B. Davis (ed.), Edward Elgar, 2006, 275-315]