... career?
Friedman: So far as your questions about economics versus statistics is
concerned, you should note that, for the two years before I went to the
Statistical Research Group, I was at the U .S. Treasury ... tested and I derived its implications.
I tested those implications and, on the whole, they tended to confirm the
hypothesis. I suggested additional tests that should be made...
... East Asian
crisis using the same concept to explain the situation there. The relation-
ship between the government, banks, and enterprises show signs of the
soft-budget-constraint syndrome. The ... laboriously
in about 30 pages. The reason for the laboriousness was in part because
the theorem was so much against the grain of the teachings of corporate
finance the art and...
... Pierre
Dehez, set the standards! One of the indicators of success is that EDP
has been copied and emulated by several others. These joint degrees,
with obligation for the students to spend time at two institutions, ... discussions between Jean Gabzsewicz and Jacques Thisse. Then,
Louis Phlips convened the first meeting of about 30 economists from
different European countries where the...
... established him as the economists’ economist by raising
the standards of the entire profession. Paul Samuelson s classic textbook,
Economics, first published in 1 948 , is among the most successful ... to see that the history of economics is not just the
history told by the research scientists themselves, but it is a history of the
import and impact of ideas (see Bernstein 200...
... overlapping-
generations model, as two classes of households. One class can trade
assets against the state of the world, while the other can’t because it is
born later, so it has to trade just on the spot market. ... militant Marxist economist. When I
developed input–output analysis it was as a response to the weaknesses
of classical–neoclassical supply-and-demand analysis. It was...
... with Paul A. Samuelson 145
Samuelson was also instrumental in establishing the modern theory of pro-
duction. His Foundations (1 947 ) are responsible for the envelope theorem
and the full characterization ... hostile 1936 review of The General Theory (occasioned much by
Keynes s flippancies about Marshall and the classics”), handsomely
acknowledged wisdoms in The General Theory s...
... but also that they should have smooth time paths. The
data show the slow and smooth cross-variable responses, but not the
correspondingly smooth time paths. The stickiness paper showed how
you could ... underpinnings of the theory has been useful.
Now there have also been other papers on this topic that may be what
you had in mind. These papers question whether the theory makes a...
... his life has been well documented in newspapers and maga-
zines: While at the IMF, he was on the front lines during the Mexican
crisis, the Russian crisis, the Asian crises, and many others. ... understood
since the days of Adam Smith. That is why people worked on growth
theory for so long. The other proposition is that recessions don’t really
matter because the loss of consum...
... theory.
statistics
GAME
THEORY
chemistry
psychology
economics
. . . . .
biology
political science
. . .
mathematics
computer science
law
of the aspects and understands less and less of the others. ... to sully our hands with this stuff.”
There is no justification for this in the game-theoretic sociology, just as
there was no justification for it in the mathematics sociology. Each one
of...
... profession itself, I guess there is a strong current for equi-
librium solutions. There always has been. The rational-expectations
New Classical real business theory also offered young economists ... of television-news sound-bite
economists who are always ready to discuss what was said on the floor of
the House yesterday.
Colander: Your view strikes me as having similarities with the S...