Theory of Games and Economic Behavior by John von Neumann and Oskar Morgenstern, Princeton University Press, $50/£32.95, ISBN 0691119937 Reviewed by Mike Holderness
THE theory of games “is more avant-garde than Sartre, more subtle than a Jesuit, and as honest as one can safely be,” John McDonald wrote in Fortune magazine in 1949, five years after mathematician John von Neumann and economist Oskar Morgenstern published their Theory of Games and Economic Behavior. Now we have this handsome 60th anniversary edition, with supporting essays and reviews.
Opinions still vary on the success of the project to put economics on a…
