Not sure how mathematical you want this to be Bruce, its hard to cover influential papers without some math...
Friedman, M The Marshallian Demand Curve JPE
Krugman, Paul. 1980. “Scale Economies, Product Differentiation, and the Pattern of Trade AER,
Lancaster, Kelvin J. (1966). "A New Approach to Consumer Theory". Journal of Political Economy
Hayek "The Use of Knowledge in Society" AER
Tullock "The Welfare Effects of Monopolies, Tariffs, and Theft" Economic Inquiry
Coase "The Nature of the Firm". Economica 4 (16): 386–405. 1937
Coase "The Problem of Social Cost". Journal of Law and Economics
Abba P. Lerner, 1934. "The Concept of Monopoly and the Measurement of Monopoly Power," Review of Economic Studies,
Lange, Oskar 1942. "The Foundations of Welfare Economics", Econometrica
Sen. "The Impossibility of a Paretian Liberal," Journal of Political Economy
Arrow, Kenneth J. and Gérard Debreu (1954). "Existence of an Equilibrium for a Competitive Economy". Econometrica
Grossman, Sanford J., and Joseph E. Stiglitz. “On the Impossibility of Informationally Efficient Markets.AER
Alchian, Armen A., and Harold Demsetz 1972. “Production, Information Costs, and Economic Organization.” AER
Gary Becker (1968). "Crime and Punishment: An Economic Approach". The Journal of Political Economy or Gary S. Becker (1965) “A Theory of the Allocation of Time,” Economic Journal
Vernon Smith "Microeconomic Systems as an Experimental Science". AER
Spence, A. M. (1973). "Job Market Signaling". Quarterly Journal of Economics
J. Hicks 1939. "The Foundations of Welfare Economics", Economic Journal.
Samuelson P.A. 1954. "The Pure Theory of Public Expenditure". Review of Economics and Statistics,
Buchanan J.M. An Economic Theory of Clubs
D.W. MacKenzie, Ph.D.
Carroll College, Helena MT
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On Sat, 3/8/14, Bruce Larson <[log in to unmask]> wrote:
Subject: [SHOE] Microeconomic Papers and Policy
To: [log in to unmask]
Date: Saturday, March 8, 2014, 10:38 AM
This fall I will be teaching
a seminar for about 12 undergraduate majors in economics,
mostly seniors, who have had intermediate microeconomics.
The course is intended to be "A critical examination
of primary works that have figured in the development of
economic theory and policy." It will meet for
discussion about 25 times with each class being 75
minutes.
What I would like to provide is a course entitled
"Microeconomic Papers and Policy." I am a
microeconomist, as well as a historian of economic thought,
and I would like to utilize my strengths. I am restricting
this to papers because I would like students to read whole
works and a variety of them, so we can discuss them in
seminar style (I'm not going to lecture).
So here is my question: "What
microeconomic papers stand out for you as having played an
important role in the development of economic
thought and policy?" I have used the word
''thought' rather than 'theory' to
broaden things out.
Here are two specific examples that suggest what
I am looking for:
Milton Friedman, "The Role of Government in
Education," in Capitalism and Freedom
(1962).
James Meade, "External Economies and
Diseconomies in a Competitive Situation,"
(1952).
Both of these paper were important when written
and remain part of contemporary thinking. Of course, the
work of Ronald Coase and Thomas Schelling provide many
additional possibilities.
Let me say that I am not tied to any particular
microeconomic tradition, so all perspectives are welcome.
Would you be willing to make a suggestion or two? Thanks
for your consideration!
Bruce
LarsonEconomicsUniversity of North
Carolina at Asheville
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