1. Benefits to be gained from the Study of the History of Econo
... in evolutionary biology. Nash won Nash a Nobel Peace Prize in Economics in 1994 for his Bargaining Equilibrium. This example alone defunct the quote "dead men tell no tales - that there is nothing of value in the history of economic thought." (Kerr et al, pp 88) Nash found inherent value in what were thought to be outdated and no longer valuable concepts in economics ... thought" is often regarded as a refuge for non-quantities economists with weak technical and analytical skills." The economists who can research and adapt old ideas to make new ideas gain lots of value from the study of...
- Word Count: 1736
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate