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Frank Plumpton Ramsey
Frank Plumpton Ramsey (; 22 February 1903 – 19 January 1930) was a British philosopher, mathematician, and economist who made major contributions to all three fields before his death at the age of 26. He was a close friend of Ludwig Wittgenstein and, as an undergraduate, translated Wittgenstein's ''Tractatus Logico-Philosophicus'' into English. He was also influential in persuading Wittgenstein to return to philosophy and Cambridge. Like Wittgenstein, he was a member of the Cambridge Apostles, the secret intellectual society, from 1921. Life Ramsey was born on 22 February 1903 in Cambridge where his father Arthur Stanley Ramsey (1867–1954), also a mathematician, was President of Magdalene College. His mother was Mary Agnes Stanley (1875–1927). He was the eldest of two brothers and two sisters, and his brother Michael Ramsey, the only one of the four siblings who was to remain Christian, later became Archbishop of Canterbury. He entered Winchester College in 1915 and later ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western Philosophy
Western philosophy encompasses the philosophical thought and work of the Western world. Historically, the term refers to the philosophical thinking of Western culture, beginning with the ancient Greek philosophy of the pre-Socratics. The word ''philosophy'' itself originated from the Ancient Greek (φιλοσοφία), literally, "the love of wisdom" grc, φιλεῖν , "to love" and σοφία '' sophía'', "wisdom"). History Ancient The scope of ancient Western philosophy included the problems of philosophy as they are understood today; but it also included many other disciplines, such as pure mathematics and natural sciences such as physics, astronomy, and biology (Aristotle, for example, wrote on all of these topics). Pre-Socratics The pre-Socratic philosophers were interested in cosmology; the nature and origin of the universe, while rejecting mythical answers to such questions. They were specifically interested in the (the cause or first principle) of the w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ramsey Problem
The Ramsey problem, or Ramsey pricing, or Ramsey–Boiteux pricing, is a second-best policy problem concerning what prices a public monopoly should charge for the various products it sells in order to maximize social welfare (the sum of producer and consumer surplus) while earning enough revenue to cover its fixed costs. Under Ramsey pricing, the price markup over marginal cost is inverse to the price elasticity of demand: the more elastic the product's demand, the smaller the markup. Frank P. Ramsey found this 1927 in the context of Optimal taxation: the more elastic the demand, the smaller the optimal tax. The rule was later applied by Marcel Boiteux (1956) to natural monopolies (industries with decreasing average cost). A natural monopoly earns negative profits if it sets price equals to marginal cost, so it must set prices for some or all of the products it sells to above marginal cost if it is to be viable without government subsidies. Ramsey pricing says to mark up most the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iván Werning
Iván Werning (born June 20, 1974) is an Argentine economist. He is a professor at the MIT Department of Economics. A native of Argentina, Werning earned his B.A. from Universidad de San Andrés and his M.A. from Universidad Torcuato di Tella, both in Buenos Aires. Werning earned his Ph.D. at the University of Chicago in 2002. In the article "International bright young things" on 30 October 2008, ''The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Eco ...'' listed Werning as one of the top 8 young economists in the world. References External links Website at MIT 1974 births Living people 21st-century Argentine economists University of Chicago alumni MIT School of Humanities, Arts, and Social Sciences faculty Fellows of the Econometric Society Fellows of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Susan Haack
Susan Haack (born 1945) is a distinguished professor in the humanities, Cooper Senior Scholar in Arts and Sciences, professor of philosophy, and professor of law at the University of Miami in Coral Gables, Florida. Haack has written on logic, the philosophy of language, epistemology, and metaphysics. Her pragmatism follows that of Charles Sanders Peirce. Career Education Haack is a graduate of the University of Oxford and the University of Cambridge (B.A., B.Phil, Oxford; Ph.D., Cambridge). She was elected into Phi Beta Kappa as an honorary member. At Oxford, she studied at St. Hilda's College, where her first philosophy teacher was Jean Austin, the widow of J. L. Austin. As an undergraduate, she took Politics, Philosophy and Economics and said of her taste for philosophy: "it was, initially, the 'politics' part that most appealed to me. But somewhere down the line, despite encouragement from my politics tutor to pursue that subject, philosophy took over." She studied Plato ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cheryl Misak
Cheryl J. Misak is a Canadian philosopher who works in pragmatism, the history of analytic philosophy, and bioethics. She is a University Professor at the University of Toronto, a Fellow of the Royal Society of Canada, and a recipient of a Guggenheim Fellowship in intellectual and cultural history. In 2011, Misak served as president of the Charles S. Peirce Society. In December 2020, Misak became the interim director of the Munk School of Global Affairs at the University of Toronto. Misak was raised in Lethbridge, Alberta. She received her BA from the University of Lethbridge, her MA from Columbia University, and her DPhil from the University of Oxford , mottoeng = The Lord is my light , established = , endowment = £6.1 billion (including colleges) (2019) , budget = £2.145 billion (2019–20) , chancellor .... Publications * * * * * * * References External links * * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Kay Ogden
Charles Kay Ogden (; 1 June 1889 – 20 March 1957) was an English linguist, philosopher, and writer. Described as a polymath but also an eccentric and outsider, he took part in many ventures related to literature, politics, the arts, and philosophy, having a broad effect particularly as an editor, translator, and activist on behalf of a reformed version of the English language. He is typically defined as a linguistic psychologist, and is now mostly remembered as the inventor and propagator of Basic English. Early life and education Charles Kay Ogden was born at Rossall School in Fleetwood, Lancashire, on 1 June 1889 to Charles Burdett Ogden (13 July 1849 – 10 December 1923) and Fanny Hart (1850 – 21 December 1944), who were married in 1888 at Chorlton, Lancashire. His father was employed in various capacities at the Rossall School during the years 1873–1909. Charles Kay Ogden was educated at Buxton and Rossall, won a scholarship to Magdalene College, Cambridge, and com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bertrand Russell
Bertrand Arthur William Russell, 3rd Earl Russell, (18 May 1872 – 2 February 1970) was a British mathematician, philosopher, logician, and public intellectual. He had a considerable influence on mathematics, logic, set theory, linguistics, artificial intelligence, cognitive science, computer science and various areas of analytic philosophy, especially philosophy of mathematics, philosophy of language, epistemology, and metaphysics.Stanford Encyclopedia of Philosophy"Bertrand Russell" 1 May 2003. He was one of the early 20th century's most prominent logicians, and a founder of analytic philosophy, along with his predecessor Gottlob Frege, his friend and colleague G. E. Moore and his student and protégé Ludwig Wittgenstein. Russell with Moore led the British "revolt against idealism". Together with his former teacher A. N. Whitehead, Russell wrote ''Principia Mathematica'', a milestone in the development of classical logic, and a major attempt to reduce the whole ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Sanders Peirce
Charles Sanders Peirce ( ; September 10, 1839 – April 19, 1914) was an American philosopher, logician, mathematician and scientist who is sometimes known as "the father of pragmatism". Educated as a chemist and employed as a scientist for thirty years, Peirce made major contributions to logic, a subject that, for him, encompassed much of what is now called epistemology and the philosophy of science. He saw logic as the formal branch of semiotics, of which he is a founder, which foreshadowed the debate among logical positivists and proponents of philosophy of language that dominated 20th-century Western philosophy. Additionally, he defined the concept of abductive reasoning, as well as rigorously formulated mathematical induction and deductive reasoning. As early as 1886, he saw that logic gate, logical operations could be carried out by electrical switching circuits. The same idea was used decades later to produce digital computers. See Also In 1934, the philosopher Paul W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ludwig Wittgenstein
Ludwig Josef Johann Wittgenstein ( ; ; 26 April 1889 – 29 April 1951) was an Austrian-British philosopher who worked primarily in logic, the philosophy of mathematics, the philosophy of mind, and the philosophy of language. He is considered by some to be the greatest philosopher of the 20th century. From 1929 to 1947, Wittgenstein taught at the University of Cambridge. In spite of his position, during his entire life only one book of his philosophy was published, the 75-page ''Logisch-Philosophische Abhandlung'' (''Logical-Philosophical Treatise'', 1921), which appeared, together with an English translation, in 1922 under the Latin title '' Tractatus Logico-Philosophicus''. His only other published works were an article, "Some Remarks on Logical Form" (1929); a book review; and a children's dictionary. His voluminous manuscripts were edited and published posthumously. The first and best-known of this posthumous series is the 1953 book ''Philosophical Investigations ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bernays–Schönfinkel Class
The Bernays–Schönfinkel class (also known as Bernays–Schönfinkel–Ramsey class) of formulas, named after Paul Bernays, Moses Schönfinkel and Frank P. Ramsey, is a fragment of first-order logic formulas where satisfiability is decidable. It is the set of sentences that, when written in prenex normal form, have an \exists^*\forall^* quantifier prefix and do not contain any function symbols. This class of logic formulas is also sometimes referred as effectively propositional (EPR) since it can be effectively translated into propositional logic formulas by a process of grounding or instantiation. The satisfiability problem for this class is NEXPTIME-complete. See also *Prenex normal form A formula of the predicate calculus is in prenex normal form (PNF) if it is written as a string of quantifiers and bound variables, called the prefix, followed by a quantifier-free part, called the matrix. Together with the normal forms in prop ... Notes References * * Predicate l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keynes–Ramsey Rule
In macroeconomics, the Keynes–Ramsey rule is a necessary condition for the optimality of intertemporal consumption choice. Usually it is express as a differential equation relating the rate of change of consumption with interest rates, time preference, and (intertemporal) elasticity of substitution. If derived from a basic Ramsey–Cass–Koopmans model, the Keynes–Ramsey rule may look like :\dot(t) = \frac \cdot (r - \rho) \cdot c(t) where c(t) is consumption and \dot(t) its change over time (in Newton notation), \rho \in (0,1) is the discount rate, r \in (0,1) is the real interest rate, and \sigma > 0 is the (intertemporal) elasticity of substitution. The Keynes–Ramsey rule is named after Frank P. Ramsey, who derived it in 1928, and his mentor John Maynard Keynes, who provided an economic interpretation. Mathematically, the Keynes–Ramsey rule is a necessary first-order condition for an optimal control problem, also known as an Euler–Lagrange equation. See also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ramsey–Cass–Koopmans Model
The Ramsey–Cass–Koopmans model, or Ramsey growth model, is a neoclassical model of economic growth based primarily on the work of Frank P. Ramsey, with significant extensions by David Cass and Tjalling Koopmans. The Ramsey–Cass–Koopmans model differs from the Solow–Swan model in that the choice of consumption is explicitly microfounded at a point in time and so endogenizes the savings rate. As a result, unlike in the Solow–Swan model, the saving rate may not be constant along the transition to the long run steady state. Another implication of the model is that the outcome is Pareto optimal or Pareto efficient.This result is due not just to the endogeneity of the saving rate but also because of the infinite nature of the planning horizon of the agents in the model; it does not hold in other models with endogenous saving rates but more complex intergenerational dynamics, for example, in Samuelson's or Diamond's overlapping generations models. Originally Ramsey set o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
