Mathematical Economics Comes to America: Charles S. Peirce's Engagement with Cournot's Recherches Sur Les Principes Mathematiques De La Théorie Des Richesses

47 Pages Posted: 30 Jul 2013 Last revised: 27 Sep 2013

See all articles by James R. Wible

James R. Wible

University of New Hampshire - Department of Economics

Kevin D. Hoover

Duke University - Departments of Economics and Philosophy

Date Written: July 1, 2013

Abstract

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

Wible, James R. and Hoover, Kevin D., Mathematical Economics Comes to America: Charles S. Peirce's Engagement with Cournot's Recherches Sur Les Principes Mathematiques De La Théorie Des Richesses (July 1, 2013). Economic Research Initiatives at Duke (ERID) Working Paper; CHOPE Working Paper No. 2013-12. Available at SSRN: https://ssrn.com/abstract=2302686 or http://dx.doi.org/10.2139/ssrn.2302686

James R. Wible

University of New Hampshire - Department of Economics ( email )

Durham, NH 03824
United States

Kevin D. Hoover (Contact Author)

Duke University - Departments of Economics and Philosophy ( email )

213 Social Sciences Building
Box 90097
Durham, NC 27708-0204
United States

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