Nicola Giocoli is associate professor of economics at the University of Pisa, where he teaches economics and law and economics. He has also taught at New York University, the University of Florence, and the Italian Naval Academy. He received his Ph.D. from the University of Florence. He has received the Marco Fanno scholarship and was also awarded the 2002 Joseph Dorfman Prize by the History of Economics Society for his Ph.D. dissertation on the history of game and decision theory. Giocoli has published three books and several papers on economics and the history of economic thought. His volume Modeling Rational Agents: From Interwar Economics to Early Modern Game Theory, which was published by Elgar in 2003, won the Adolph Blanqui Award of the European Society for the History of Economic Thought. He has acted as referee for many scientific journals and is presently a member of the editorial board of History of Economic Ideas, where he is also book review editor, and of the Journal of Economic Methodology. He is currently a member of the executive board of the History of Economics Society and of the Italian Association for the History of Economic Thought.
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It is impossible to tell the history of American antitrust law and economics during the so-called formative era (1890- 1915) without a preliminary understanding of the economic rationale underlying that major phase of American constitutional law commonly called laissez faire constitutionalism, or Lochner era.
Inspired by the Coasean “market vs firm” dichotomy, we offer a new definition of efficiency by applying the notions of network cost and network efficiency as developed in complex network theory.
The paper deals with the mysterious persistence of the Chicago approach as the main analytical engine driving antitrust enforcement in the US.
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INET has chosen the label “openness” to describe New Economic Thinking - “open” for other disciplines, for other methods, for other questions, for other interpretations, etc. It’s easy to hurrah.
INET Berlin 2012 - back home again. On stage, it’s been a huge amount of claims, assertions, and arguments about what went wrong, about what exactly happened, about why this time was different, about what will certainly happen, and about what remains deeply uncertain, about what “we” shall do about it, about what “we” could do better.
Dinner has already rolled around on what has been a quick day.