25 Years of Economic Theory : Retrospect and prospect

Almost three years passed since the Faculty of Economics of the University of Groningen celebrated its 25th Anniversary in 1973. Late, but not too late we hope, to present the lectures of most of our distinguished guests, who came from the United States and different European Countries to inform the Congress participants of their opinion and ideas on "25 Years of Economic Theory: Retrospect and Prospect. " The problems we met in publishing the lectures, in accordance with the agreement we made with our guests, are not unusual, as everyone knows who has been an editor of such a volume before. The promise to give a lecture and to write it down afterwards as well is much more difficult to maintain than only to give a speech. Everybody knows there is nothing so terrifying as to be reminded of your promise to write down your lecture, especially if only a type-written text, put down from a tape, is at your disposal. You are sure of your remembrance: "That very day I heard applause, there were friendly words and perhaps a state of not ending enthusiasm. And now I receive this type-written text of my speech with a request, full of innocence, of these friendly committee members, "will you be so kind as to prepare your text for publication ']" But this one, is this my text? Unbelievable. Front Matter....Pages I-IX Opening speech....Pages 1-5 Front Matter....Pages 7-7 Trends in the analysis of consumer demand....Pages 9-28 Remarks on the three macro-economics....Pages 29-33 Between the sound and the simple-minded....Pages 34-49 Final observations....Pages 50-62 Front Matter....Pages 63-63 From substantive to procedural rationality....Pages 65-86 Management science and human values: a retrospect....Pages 87-101 Management and problem-solving....Pages 102-112 The value of information....Pages 113-128 Final observations....Pages 129-141 Back Matter....Pages 142-143 Simon K. Kuipers is professor in Macroeconomics and presently Chairman of the Executive Board of the University of Groningen. He is the Honorary Editor of De Economist, Quarterly Review of the Royal Netherlands Economic Association