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ARROW AND DEBREU DE-HOMOGENIZED
2012
Journal of the History of Economic Thought
The so-called Arrow-Debreu model, until today, represents a trademark of rigorous economic researchbe it as a benchmark for extending the model, for weakening its assumptions, for structuring data-sets, or for providing alternative models. But who earns credit or blame? This essay presents "the making of" Arrow"s and Debreu"s joint article of 1954 as documented in their extensive letter exchange between their first contact in February 1952 and its submission in May 1953. I show, first, that
doi:10.1017/s1053837212000491
fatcat:p7gs3skxqjhg7h26bd2uewtzwq