Oskar Morgenstern

John von Neumann and Oskar Morgenstern conceived a groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionize economics, but the entirely new field of scientific inquiry it yielded--game theory--has since been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. And it is today established throughout both the social sciences and a wide range of other sciences.

John von Neumann and Oskar Morgenstern conceived a groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionize economics, but the entirely new field of scientific inquiry it yielded--game theory--has since been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. And it is today established throughout both the social sciences and a wide range of other sciences.

This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Gold: A World Economic Problem is a book written by Robert Henry Brand that delves into the role of gold in the global economy. The book discusses the history of gold and its use as a currency throughout the world, as well as its current status as a valuable commodity. It also explores the impact of gold on various economic systems and the challenges faced by governments and financial institutions in managing the gold market. The author examines the relationship between gold and other currencies, including the US dollar, and the potential risks and benefits of investing in gold. The book provides insights into the complex world of gold trading and its impact on the global economy, making it an essential read for anyone interested in understanding the role of gold in modern finance. Introductory Address By Charles S. Hamlin. International Conciliation, No. 333, October, 1937. This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

"Die herrschende Ungewissheit über die Bedeutung der Nationalökonomie für das praktische Wirtschaftsleben und über ihre Brauchbarkeit für die Zwecke der Wirtschaftspolitik lässt es angemessen erscheinen, die zwischen der theoretischen Forschung und ihrer Anwendung auf konkrete Aufgaben schwebenden Fragen zu untersuchen". Der Beginn dieses Buches, welches ursprünglich 1934 erschienen ist, verdeutlicht seine andauernde Aktualität. Nicht nur für Wirtschaftshistoriker ist es interessant, welche Erkenntnisse des komplexen Zusammenspiels von Wirtschaftspolitik und Wirtschaftsleben bereits in der ersten Hälfte des 20. Jahrhunderts bekannt waren. Durch sein mit John von Neumann veröffentlichtes Hauptwerk "The Theory of Games and Economic Behavior" gilt Oskar Morgenstern als Mitbegründer der Spieltheorie. Zahlreiche vielbeachtete Bücher und Zeitschriftenthemen unter anderem zu Wirtschaftswachstum, Finanzmärkten, und Verteidigung zeugen von seinen vielfältigen Forschungsinteressen.

This is the classic work upon which modern-day game theory is based. What began more than sixty years ago as a modest proposal that a mathematician and an economist write a short paper together blossomed, in 1944, when Princeton University Press published Theory of Games and Economic Behavior. In it, John von Neumann and Oskar Morgenstern conceived a groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionize economics, but the entirely new field of scientific inquiry it yielded--game theory--has since been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. And it is today established throughout both the social sciences and a wide range of other sciences. This sixtieth anniversary edition includes not only the original text but also an introduction by Harold Kuhn, an afterword by Ariel Rubinstein, and reviews and articles on the book that appeared at the time of its original publication in the New York Times, tthe American Economic Review, and a variety of other publications. Together, these writings provide readers a matchless opportunity to more fully appreciate a work whose influence will yet resound for generations to come.

Dieser Buchtitel ist Teil des Digitalisierungsprojekts Springer Book Archives mit Publikationen, die seit den Anfängen des Verlags von 1842 erschienen sind. Der Verlag stellt mit diesem Archiv Quellen für die historische wie auch die disziplingeschichtliche Forschung zur Verfügung, die jeweils im historischen Kontext betrachtet werden müssen. Dieser Titel erschien in der Zeit vor 1945 und wird daher in seiner zeittypischen politisch-ideologischen Ausrichtung vom Verlag nicht beworben.