Spring 2019 Student Scholar

The Origins of Economic Game Theory Through the Scope of The Remnant Trust Collection

Reynaldo Torres is a graduate student currently pursuing a STEM Master of Business Administration at the Rawls College of Business. He has also recently obtained a Master of Arts in Economics from Texas Tech University. Prior to his graduate studies, Reynaldo received his Bachelor of Science in Petroleum Engineering from the University of Texas at Austin, along with a Minor in Economics. He has further certified himself in a variety of multidisciplinary fields including business essentials, real estate, and paralegal studies.

Rey’s Student Scholar project concerns the following: “The inception of mathematical game theory is widely attributed to the research of mathematicians John von Neumann and Oskar Morgenstern in their canonical manuscript The Theory of Games and Economic Behavior in 1944. However, the collection contained within the Remnant Trust provides ample literature to pinpoint a plausible preface of logical economic game theory. Through the analysis of multiple canonical works of historical figures such as Adam Smith, Jean-Baptiste Say, and David Ricardo, numerous economic games of competition and cooperation can be outlined. The present research focuses in showcasing major examples of archaic game theory, as well as demonstrating their contributions to modern economics and social sciences.”

Some of the works Rey used in his project are:

Thomas Robert Malthus’ Principles of Political Economy, 1st Edition, 1820 (#0225)

Jean-Baptiste Say’s Letters to Mr. Malthus on Several Subjects of Political Economy, 1st English Edition, 1821 (#0306)

Adam Smith’s An Inquiry into the Nature and Causes of the Wealth of Nations, 5th Edition, 1789 (#1436-1438)