inside the economist s mind phần 7 doc
inside the economist s mind phần 7 doc
... 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...
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...
Inside the economist s mind phần 10 doc
... asked many of the same questions to both, and focused much
of the conversation on the issue of whether it is useful to distinguish a
Yale school. Thus, the conversations discuss the work of other ... 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 youn...
inside the economist s mind phần 6 doc
... the
results and asked whether the things that were most sensitive to resource
supply were the things that should be most sensitive. The answer was
“Certainly not.”
I also studied questions such as economies ... leave
the lag coefficients unrestricted and restrict only the contemporaneous
responses to the shock. Those restrictions by themselves would fit per-
fectly into a Cowles C...
inside the economist s mind phần 9 docx
... cetera. The entire course consisted of
his 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 still
need the game theory to understand these matters. The T...
inside the economist s mind phần 10 doc
... studies selfishness. Obviously, studying war is not the
same as advocating war; similarly, studying selfishness is not the same
as advocating selfishness. Bacteriologists do not advocate disease; they
study ... described
me, in developing the so-called neoclassical synthesis. I don’t think
neoclassical synthesis is a good name for it, since it was a neoclassical/
neo-Keynesian synthesis, b...
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 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)...
Inside the economist s mind phần 2 pdf
... 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...
Inside the economist s mind phần 3 pps
... 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...
Inside the economist s mind phần 4 pps
... 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...
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