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The Contributions of John Nash to Game Theory and Economics
The place of the economist John Nash in the pantheon of "greats" in game theory, and economics in general, is not based on the development of powerful new mathematical methods but rather on some fundamental insights. These insights have been pivotal in the development of economic theory, especially since the 1980s when faith in models with "price-taking" agents began to wane. An appreciation of the work of the Nobel laureate who died earlier this year.
The author would like to thank Debasis Mishra for helpful suggestions. He would also like to thank Pradeep Dubey for numerous conversations regarding Joh n Nash and his contemporaries.
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