On Karush of the Karush-Kuhn-Tucker theorem

People like Paul Krugman would call this type of post “wonky”. You have been warned.

In preparation for teaching Mathematics for Economists I for graduate students tomorrow, I decided to see what the Web has on Karush, of the Karush-Kuhn-Tucker theorem. I should have done it earlier! Even though I had been writing Karush-Kuhn-Tucker in my lecture notes almost from the first time I taught mathematics for economists, I did not have much to offer my students on the mystery of why Karush’s work was never published. Why I never searched online about it before I do not understand. Nevertheless, I hit a goldmine in my search today: a paper by R.W. Cottle that offers a lot of fascinating details on Karush and Kunh-Tucker, along with photos of the protagonists and excerpts of letters between Kuhn and Karush, when Kuhn belatedly discovered Karush’s master’s thesis, which pretty much anticipated the Kuhn-Tucker theorem, and hastened to give credit to Karush to fix the historical record. And how did Kuhn discover that Karush had done this? By reading Akira Takayama’s massive 1974 book on Mathematical Economics.

Call me a hopeless nerd, but I find this fascinating. A bit of human interest to liven up all the constrained maximization we do for our work, in one way or another, every day.

The URL where I discovered the paper is
http://www.math.uiuc.edu/documenta/vol-ismp/41_cottle-richard.pdf

Criticizing economics

Critics of economics abound. The criticisms have become more pointed since the financial and economic disaster that started in 2007 and promises to trouble us for years to come yet. But the critics often take unproductive approaches. I came across an excellent post by Diane Coyle today, on exactly the topic of how to criticize economics. In it, I also noticed a link to a previous good post by Chris Dillow.

All in all, I spent a rewarding period of time in reading these posts today and following their links, so I wanted to note this here. I am also looking forward to the review by Coyle of Mirowski’s new book, which she promises in her post is forthcoming soon.