Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-s2hrs Total loading time: 0 Render date: 2024-11-18T16:21:24.974Z Has data issue: false hasContentIssue false

3 - John von Neumann and the Cyborg Incursion into Economics

Published online by Cambridge University Press:  05 June 2012

Philip Mirowski
Affiliation:
University of Notre Dame, Indiana
Get access

Summary

At Princeton, where in 1933 von Neumann at 29 became the youngest member of the newly established Institute for Advanced Study, the saying gained currency that the Hungarian mathematician was indeed a demigod but that he had made a thorough, detailed study of human beings and could imitate them perfectly.

Richard Rhodes, The Making of the Atomic Bomb

Our explicit narrative of the constitution of modern economics begins with John von Neumann because I believe, with the benefit of a little additional hindsight and the provision of some previously neglected evidence, he will come to be regarded as the single most important figure in the development of economics in the twentieth century. It would initially appear I am not alone in this conviction. Roy Weintraub (1985, p. 74), suggests, “Von Neumann's [1937] paper is, in my view, the single most important article in mathematical economics.” Mohammed Dore (in Dore, Chakravarty, & Goodwin, 1989, p. 239) asserts that “John von Neumann changed the way economic analysis is being done.” Nicholas Kaldor ventured, “He was unquestionably the nearest thing to a genius I have ever encountered” (ibid., p. xi). Jurg Niehans's textbook (1990, p. 393) states flatly, “In the second quarter of the twentieth century, it happened for the first time that a mathematical genius made fundamental contributions to economic theory.” Given the spread of game theory throughout the core microeconomics curriculum since 1980, it would appear a foregone conclusion that von Neumann should be revered as the progenitor of that tradition and, thus, of microeconomic orthodoxy at the end of this century.

Type
Chapter
Information
Machine Dreams
Economics Becomes a Cyborg Science
, pp. 94 - 152
Publisher: Cambridge University Press
Print publication year: 2001

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×