Sanjay Reddy

Involvement Social

Sanjay G. Reddy teaches economics at The New School for Social Research. His areas of work include development economics, international economics, and economics and philosophy. He has held fellowships from the Center for Ethics and the Professions, the Center for Population and Development Studies at Harvard University, and the Center for Human Values at Princeton University. He has conducted extensive research for development agencies and international institutions, including the G-24 (group of developing countries), ILO, Oxfam, UN-DESA (Department of Economic and Social Affairs, UN Secretariat), UNICEF, UNDP, UNU-WIDER (World Institute for Development Economics Research), UNRISD (UN Research Institute for Social Development), and the World Bank. He has been a member of the advisory panel of the UNDP’s Human Development Report, and of the UN Statistics Division’s Steering Committee on Poverty Statistics. He has been or is a member of the editorial advisory boards of Development, Ethics & International Affairs, the European Journal of Development Research, Humanity, the Review of Agrarian Studies, the Review of Income and Wealth, and the Journal of Globalization and Development. He was Associate Editor of the Journal of Human Development and Capabilities. He possesses a Ph.D. in economics from Harvard University, an M.Phil. in social anthropology from the University of Cambridge, and an A.B. in applied mathematics with physics from Harvard University.

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Mathematics, Models and Reality in Microeconomics

Article | Sep 23, 2015

Have economists fallen in love with an idealized vision of an economy in which rational individuals interact in perfect markets? To what extent is standard microeconomics responsible for this state of affairs?

Game Theory: Too Much and Too Little?

Article | Jul 20, 2013

In introducing game theory (in chapters 7-9), MWG build upon the theory of rational choice by individual agents, developed previously in the book to attempt to analyze (describe, explain, and even predict?) the interactions of such agents as well as the outcomes to which they give rise. In previous chapters, MWG discuss interactions only in the form of the arms-length interactions of numerous firms and consumers in specific markets (e.g. under ‘perfect competition’, in chapters 3 and 5).

The Theory of the Firm: Language, Model and Reality

Article | Nov 18, 2012

In a previous post we queried whether the theory of the consumer as developed in the first three chapters of Mas-Colell, Whinston and Green (and indeed other comparable texts) provides anything by way of content beyond what is implied by the abstract description of consumers as agents who are maximizing something. [We did not discuss chapter four, on aggregation of demand, to which we may return later]. As we noted then, a comparable point can be made about the theory of the firm.

Rigor Mortis?

Article | Oct 24, 2012

Mathematics and the ‘Whiz Kids’

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