5 research outputs found
The Elements of Decision Alignment
When one object makes a request of another, why do we expect that
the second object\u27s behavior correctly satisfies the first object\u27s
wishes? The need to cope with such principal-agent problems
shapes programming practice as much as it shapes human organizations
and economies. However, the literature about such plan coordination
issues among humans is almost disjoint from the literature about
these issues among objects. Even the terms used are unrelated.
These fields have much to learn from each other---both from their
similarities and from the causes of their differences. We propose a
framework for thinking about decision alignment as a bridge
between these disciplines
Cyclical fluctuations and the structure of production
During the second half of 2006, Giampaolo Garzarelli was researching the yet unsorted
Ludwig Moritz Lachmann Archives at the University of the Witwatersrand,
Johannesburg, South Africa, to see if there was something of interest to consider
for an institutional economics project on Lachmann. To the best of his recollections,
the archival material at the time was contained in six or seven drawers of two
old and rusty metal file cabinets of four drawers each. One of the most intriguing
finds, in addition to Lachmann’s eyeglasses, was an Italian offprint from Annali
di Statistica e di Economia. The offprint is of a brief 1936 article co-authored with
A. M. Neuman entitled ‘Le fluttuazioni cicliche e la struttura della produzione’.
The title of the present article is the English translation of the title of this Italian article.
This Neuman–Lachmann article does not appear in the Appendix compiled by
Tulloh that lists the bibliography of works by Lachmann collected in a well-known
posthumous volume. We thus seem to be in the presence of a work that is at least
unknown to English readers. This article serves three purposes. First, to offer some
background on the authors, their situation and their work at that time; second, to
put the article into context by relating it to Lachmann’s broader work on capital;
and, third, to offer a translation of this article from Italian to English