Relation of Game Theory to Economic History and Marginalism
26 Pages Posted: 13 Feb 2009 Last revised: 18 Feb 2009
Date Written: February 12, 2009
The Article presents a brief survey of economic history, by emphasizing the earlier history of neo-classical economic theory and the economic theory of marginal utility. The Articles does so by exploring the relation of game theory or the strategic game to developments in the field or science of economics, especially developments in economic thought occurring during the earlier marginal revolution or the economic history of marginalism. By doing so, the Article intends to show, though most attribute the new science of modern game theory to the field of mathematics, that the influence of corresponding or correlating developments in the field, science or discipline of economics was equally influential in the birth of game theory or the strategic game.
Keywords: Economic history, neo-classical theory, marginalism, game theory
JEL Classification: A1, B1, C7
Suggested Citation: Suggested Citation