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inside the economist s mind phần 10 doc

Inside the economist s mind phần 10 doc

Inside the economist s mind phần 10 doc

... profession itself, I guess there is a strong current for equi-librium solutions. There always has been. The rational-expectationsNew Classical real business theory also offered young economists ... of television-news sound-biteeconomists 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 Santa Fecomplexity ... we understand our universe.Hart: How about the issue of assumptions versus conclusions?Aumann: There is a lot of discussion in economic theory and in gametheory about the reasonableness or correctness...
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inside the economist s mind phần 10 doc

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 sameas advocating selfishness. Bacteriologists do not advocate disease; theystudy ... describedme, in developing the so-called neoclassical synthesis. I don’t thinkneoclassical synthesis is a good name for it, since it was a neoclassical/neo-Keynesian synthesis, but I guess ... arguments against the neo-Keynesian portion of the neoclassical synthesis is that its interpretation of Keynesian economicsis incompatible with the Walrasian model, but the neoclassical synthesisnonetheless...
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inside the economist s mind phần 6 doc

inside the economist s mind phần 6 doc

... the results and asked whether the things that were most sensitive to resourcesupply were the things that should be most sensitive. The answer was“Certainly not.”I also studied questions such as economies ... choices. One possibility is that the correla-tions reflect passive responses of the equation s disturbances to otherdisturbances. Changing the equation itself won’t change the correlationstructure ... leave the lag coefficients unrestricted and restrict only the contemporaneousresponses to the shock. Those restrictions by themselves would fit per-fectly into a Cowles Commission setup. The important...
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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 sametime. The Russian crisis was particularly dramatic. We saw the storm cloudsgathering, ... Peterson, at Michigan, stressed this, but it was also my physicsprofessors that stressed to me the importance of units of measurement.We write most of our long-term contracts in terms of dollars, ... because of the noisiness of individualhome prices and the incommensurability of dates of sale of houses.My student Allan Weiss thought there was a business in providingreal estate price indexes....
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inside the economist s mind phần 9 docx

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

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).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

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, ... him to discuss mod-ern macroeconomics and the influence his work has had on itsdevelopment. We edited out someparts of the discussion in the interests of space, but what re-mains is essentially...
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Inside the economist s mind phần 3 pps

Inside the economist s mind phần 3 pps

... East Asiancrisis 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 thesisadviser?Kornai: I did choose the topic myself. I had a thesis adviser; ProfessorTam s Nagy, ... in the crusade to bring the truth to the heathens. The theorem, which by now is well known, was proven very laboriouslyin about 30 pages. The reason for the laboriousness was in part becausethe...
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Inside the economist s mind phần 4 pps

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 5 pptx

Inside the economist s mind phần 5 pptx

... in terms of the Fisher–MarshallMV = PQ. Additionally, particularly in America, business-cycles courseseclectically nominated causes for fluctuations that were as diverse as“sunspots,” “psychological ... hostile 1936 review of The General Theory (occasioned much byKeynes s flippancies about Marshall and the classics”), handsomelyacknowledged wisdoms in The General Theory s approaches in his ... Lewis L. Strauss, former Chairman of the Atomic Energy Commissionand former Secretary of Commerce; Adlai E. Stevenson, U .S. Ambassadorto the United Nations; and Howard K. Smith, CBS news correspondent...
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