Mathematical Economics Comes to America: Charles S. Peirce's Engagement with Cournot's Recherches Sur Les Principes Mathematiques De La Théorie Des Richesses
CHOPE Working Paper No. 2013-12
47 Pages Posted: 30 Jul 2013 Last revised: 27 Sep 2013
Date Written: July 1, 2013
Although Cournot’s mathematical economics was generally neglected until the mid-1870s, he was taken up and carefully studied by the Scientific Club of Cambridge, Massachusetts even before his “discovery” by Walras and Jevons. The episode is reconstructed from fragmentary manuscripts of the pragmatist philosopher Charles S. Peirce, a sophisticated mathematician. Peirce provides a subtle interpretation and anticipates Bertrand’s criticisms.
Keywords: Charles S. Peirce, A.C. Cournot, mathematical economics, monopoly, duopoly, oligopoly, perfect competition
JEL Classification: B1, B13, B16, B31
Suggested Citation: Suggested Citation