Inside the economist s mind phần 9 ppt
Inside the economist s mind phần 9 ppt
... theory.statisticsGAMETHEORYchemistrypsychologyeconomics. . . . .biologypolitical science. . .mathematicscomputer sciencelawof the aspects and understands less and less of the others. ... this in the game-theoretic sociology, just asthere was no justification for it in the mathematics sociology. Each oneof these branches of the discipline makes its contribution. In many ways, the ... as RAs. It was a thrill teaching classes to suchstudents. Often I knew less than the students I was “teaching.” Ourphilosophy at Minnesota was that we teachers were just more experi-enced students.One...
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Inside the economist s mind phần 5 pptx
... byKeynes s flippancies about Marshall and the classics”), handsomelyacknowledged wisdoms in The General Theory s approaches in his 195 0Keynes s General Theory: A Retrospective View.I belabor this ... flows, as well as the Marxiantransformation problem ( 197 1), and other issues in Classical economics( 195 7, 197 8).In macroeconomics, Samuelson s multiplier–accelerator macrodynamicmodel ( 193 9) ... ( 193 9) is justly famous, as is the Solow–Samuelson presentationof the Phillips Curve ( 196 0) to the world. He is also famous for popular-izing, along with Allais, the “overlapping generations” model...
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Inside the economist s mind phần 7 pptx
... fund theory is anexample, where economists confused a fund with a flow. My instructor,Shorey Peterson, at Michigan, stressed this, but it was also my physicsprofessors that stressed to me the ... his life has been well documented in newspapers and maga-zines: While at the IMF, he was on the front lines during the Mexicancrisis, the Russian crisis, the Asian crises, and many others. ... understoodsince the days of Adam Smith. That is why people worked on growththeory for so long. The other proposition is that recessions don’t reallymatter because the loss of consumer surplus...
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inside the economist s mind phần 9 docx
... cetera. The entire course consisted ofhis assigning exercises and then calling on the students to present the solutions on the blackboard. It s called the Moore method—no lectures,only exercises. ... 15a, and the list can be made much longer.But of course, all these discussions are only the barest of hints. We stillneed the game theory to understand these matters. The Talmud speaksabout ... this in the game-theoretic sociology, just asthere was no justification for it in the mathematics sociology. Each oneof these branches of the discipline makes its contribution. In many ways,the...
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Inside the economist s mind phần 1 pdf
... established him as the economists’ economist by raising the standards of the entire profession. Paul Samuelson s classic textbook,Economics, first published in 194 8, 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).In this passage ... articles in professionaljournals.Paul A. Samuelson was the first American to win the Nobel Prize inEconomics. He is Professor Emeritus of Economics and Institute Pro-fessor at the Massachusetts...
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Inside the economist s mind phần 2 pdf
... overlapping-generations model, as two classes of households. One class can tradeassets against the state of the world, while the other can’t because it isborn later, so it has to trade just on the spot market. ... militant Marxist economist. When Ideveloped input–output analysis it was as a response to the weaknessesof classical–neoclassical supply-and-demand analysis. It was terribly dis-jointed essentially, ... Press.Brush, S. G. ( 199 5) Scientists as historians. Osiris 10, 215–231.Bush, V. ( 194 5) Science: The Endless Frontier. Washington, D.C.: GovernmentPrinting Office.Davis, J.R. ( 197 1) The New Economics...
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Inside the economist s mind phần 3 pps
... Economics, is now writing a paper analyzing the East Asiancrisis using the same concept to explain the situation there. The relation-ship between the government, banks, and enterprises show signs ... laboriouslyin about 30 pages. The reason for the laboriousness was in part because the theorem was so much against the grain of the teachings of corporatefinance the art and science of designing the ... bubbles do exist. They are one of the sources ofmalfunctioning of the market mechanism. The essence of these bubblesis that indeed capital gains get confused with profits, and this results inthe...
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Inside the economist s mind phần 4 pps
... career?Friedman: So far as your questions about economics versus statistics isconcerned, 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 to test the hypothesis. ... very well, the consumers in Europe are suffering, the con-sumers in the United States are getting a good deal, and the opposite istrue for the producers in the United States. And there s very little...
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Inside the economist s mind phần 6 potx
... 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 howyou could ... and hisinfluence got the work some attention, but it s true that most economistsfound these methods hard to follow.Hansen: Your first job was as an assistant professor at Harvard. Whatwas it ... underpinnings of the theory has been useful.Now there have also been other papers on this topic that may be whatyou had in mind. These papers question whether the theory makes anysense at all....
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Inside the economist s mind phần 8 ppsx
... PierreDehez, set the standards! One of the indicators of success is that EDPhas 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 fromdifferent European countries where the project was discussed. Most ... you must listen to people who disagree with us. Take the field exams as soon as possible and then visit some other university oruniversities before returning to Belgium.”That is the best advice...
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