Gabrielle A. Brenner | Associate Professor of Economics at HEC, Montreal.
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| HEC, Business School of the University of Montreal, 5255 av. Decelles, Montreal, Canada H3T1V6
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| This paper has been made possible through a grant (≠410-82-0696) from the Social Science and Humanities Council of Canada and a grant from the Ecole des Hautes Etudes Commerciales. I have benefitted from comments from Dennis W. Carlton, Don McCloskey, William McNeill, Frederic S. Mishkin, Richard Posner, T.W. Schultz and two anonymous referees. Reuven Brenner has not only given me comments on the innumerable drafts but has helped me to sharpen my thoughts to the point he really should be considered a co-author. I also thank Carmelle Pare and Claudette Nadon for typing the many drafts and their patience. Another version of this study will appear in R. Brenner, Betting on Ideas, University of Chicago Press (1985).
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