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“Decisions and Dynamics”: An Ad Hoc Exploration of Intellectual and Institutional History January 3, 2015

Posted by Will Thomas in Commentary Track, History of Economic Thought.
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Weintraub, MIT and American Economics

This post offers some background information on my new paper, “Decisions and Dynamics: Postwar Theoretical Problems and the MIT Style of Economics.”

The 2013 “MIT and the Transformation of American Economics” conference was one of those conferences where the invitation arrives years before the event. When I agreed to attend, I thought I would just offer a complement to the conference’s focus on MIT economics with a discussion of the early history of operations research at MIT, a subject I already knew a lot about.

What I didn’t realize until the run-up to the conference was that it was part of the annual series, which results in the publication of the annual supplementary volume to the journal History of Political Economy. I had already published pretty much all my material on MIT in my 2009 Science in Context article on Jay Forrester’s industrial dynamics, and in my 2012 Business History Review article on OR at MIT and Arthur D. Little. So, that scuppered my plans for an easy recycling job.

The obvious direction in which to go was to discuss the intellectual relationship between economics and operations research. The problem with this plan was that, while there are many interesting things to say about that relationship, the relationship at MIT was pretty thin throughout the 1950s, the period I’ve studied carefully. At this point I didn’t have the time to try and suss out any subsequent relationship (if it was even substantial) through the publications record, nor, being based in London at the time, did I have much chance to do new archival research.

What did seem like a good opportunity was to engage with the thinking of the only historian to publish on the relationship between OR and economics, Phil Mirowski.