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 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 ... 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 ... Capitalism, Socialism and Democracy, which intended to givea complex analysis of the two systems. But these two books, and a fewothers (e.g., some of Mises s and Hayek s works) are rather exceptional.A...
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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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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 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 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, ... 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 5 pptx
... 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 theoremand the full characterization ... 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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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 ... 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. ... 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...
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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 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 ... Interview with Stanley Fischer 267an assistant professor at the Chicago Business School. I also talked a lotto Rudi Dornbusch and served on his thesis committee, and wrote a fewpapers with Jacob...
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Inside the economist s mind phần 9 ppt
... theory.statisticsGAMETHEORYchemistrypsychologyeconomics. . . . .biologypolitical science. . .mathematicscomputer sciencelawof 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 asthere was no justification for it in the mathematics sociology. Each oneof these ... 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 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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