Table of Contents

Handbook on the History of Economic Analysis Volume I

Handbook on the History of Economic Analysis Volume I

Great Economists Since Petty and Boisguilbert

Edited by Gilbert Faccarello and Heinz D. Kurz

Volume I contains original biographical profiles of many of the most important and influential economists from the seventeenth century to the present day. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of this system can be improved and its dysfunction reduced. Each Handbook can be read individually and acts as a self-contained volume in its own right. It can be purchased separately or as part of a three-volume set.

Chapter 114: Gérard Debreu (1921–2004)

Alan Kirman

Subjects: economics and finance, history of economic thought

Extract

Gérard Debreu was an austere man who brought that austerity to economics. He, almost single-handedly, introduced the axiomatic approach to economic theory. He never speculated about what might be true and confined himself to saying what he knew to be true. His approach was essentially that of a mathematician and he used that to protect himself from getting involved in debates about economic matters. His reserved attitude to the profession and to the world can, at least in part, be attributed to the sad events that marked his early years (see Düppe 2012). Life Born in Calais in 1921, he was orphaned at a very young age and spent most of his youth in boarding schools, until, with the outbreak of the war, he was evacuated to the unoccupied part of France where he prepared for the competition to enter a “Grande École”. He succeeded and was admitted to the École Normale Supérieure in Paris, then occupied by the Germans, to study mathematics. When he had finished he was going to take the aggrégation to become a mathematics teacher but went into the army until the end of the war when he finally took the examination and was also admitted as a researcher in the Centre national de la recherche scientifique (CNRS). He had been heavily influenced by the Bourbaki School of mathematics and his research reflects that school’s approach. His interest, nevertheless, turned to economics and followed the courses given in Paris by Maurice Allais,...

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