Inside the economist s mind phần 7 pptx

... 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...

Ngày tải lên: 09/08/2014, 19:21

... 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 approaches in his ... later argued the merits of Keynes s subtle intuitions and downplayed the various (identical!) mathematical versions of The General Theory. The so-called 19 37 Hicks or later Hicks–Han...

Ngày tải lên: 09/08/2014, 19:21

... that was because we were dealing simul- taneously with the Indonesian crisis, which was at its height at the same time. The Russian crisis was particularly dramatic. We saw the storm clouds gathering, ... Peterson, at Michigan, stressed this, but it was also my physics professors that stressed to me the importance of units of measurement. We write most of our long-term contracts in...

Ngày tải lên: 10/08/2014, 07:21

... established him as the economists’ economist by raising the standards of the entire profession. Paul Samuelson s classic textbook, Economics, first published in 1948, 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 2001)...

Ngày tải lên: 09/08/2014, 19:21

... 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...

Ngày tải lên: 09/08/2014, 19:21

... 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 ... 1956; it was my graduate thesis. Blanchard: Did you choose the topic yourself? Did you have a thesis adviser? Kornai: I did choose the topic myself. I had a thesis adviser; Professo...

Ngày tải lên: 09/08/2014, 19:21

... 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...

Ngày tải lên: 09/08/2014, 19:21

... lag estimation. Journal of the American Statistical Association 67( 3 37) , 169– 175 . Sims, C.A. (1 974 ) Seasonality in regression. Journal of the American Statistical Association 69(3 47) , 618–626. Sims, ... 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...

Ngày tải lên: 09/08/2014, 19:21

... Economics, better known as EDP, was started in 1 978 . It has some 120 graduates to date. The first of these, a certain Pierre Dehez, set the standards! One of the indicators of success is that EDP has ... you must listen to people who disagree with us. Take the field exams as soon as possible and then visit some other university or universities before returning to Belgium.” That is th...

Ngày tải lên: 09/08/2014, 19:21

... 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. ... Labs, I was able to say, “This sounds a little bit like what Nash was telling us; let s examine it from that point of view.” So I started studying game theory; the rest is history, as the...

Ngày tải lên: 09/08/2014, 19:21