The Nobel Memorial Laureates in Economics


Book Description

. . . this book will continue to share shelf-space next to my current textbooks. As a librarian, such utility makes this a desirable addition to any educator s collection. As a history of economic thought book, Vane and Mulhearn have brought together a breadth of information that can be found through disparate sources but at a cost of effort and, especially for students, qualitative decisions regarding sources. . . The convenience of their starting methodology, breadth over depth coverage, and clear intention of writing to an audience of students makes this a useful text. Kirk Douglas Johnson, Journal of the History of Economic Thought The essays summarizing the main achievements of the prize winners are well written and to the point. They are short enough that they never cause the reader to lose interest, but substantive enough to let you know what the winners accomplishments amount to. These compact, factually accurate essays mark the real value of the book as a reference work. . . there is little for which to fault the authors. Vane and Mulhearn have done a very nice job with the book, and it is an added bonus that it includes a formal portrait photograph of each prize winner. Bradley W. Bateman, History Political Economy . . . Vane and Mulhearn have produced a useful reference work. John Quiggin, Economic Analysis and Policy This collection has the capacity to surprise the reader. You learn all sorts of new and sometimes admirable things about these economists and about the richness of the profession that is often obscured from students of the subject. John Lodewijks, History of Economics Review This volume provides a non-technical description of the main published works of every Nobel Memorial (Economics) winner from the first annual award in 1969 to 2004 . . . This is a reference book par excellence . . . it will interest not only those having some involvement with economics, past or present, but it should also attract more general readers wanting to unravel some of the mysteries surrounding economics and economists. Economic Outlook and Business Review Vane and Mulhearn have produced an introduction to the careers and major publications of the 55 economists awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel between 1969 and 2004. The short essays on each economist are readable and accurate; they provide a discussion of the subjects, major contributions and an introduction to the secondary literature, often with the outstanding reports on the laureates work provided to the Economic Prize Committee of the Royal Swedish Academy of Sciences. The collection is introduced with a review of the prize and the common characteristics of the winners thus far, all neatly summarized in a table with each laureate s year and country of birth, university, year of first and higher degrees, affiliation at the time of the award, field of study, and a summary citation. This volume provides a very useful introduction to the development of economic ideas in the last three-quarters of the 20th century. Highly recommended. D.E. Moggridge, Choice Every serious research economist will want to have a look at this comprehensive work. Edwin Burmeister, Research Professor of Economics, Duke University, US The award of the Nobel Prize has, for more than thirty years, been economists way of informing the public at large about what work most of them think is important, and about who has done it. Anyone seeking to understand the development of recent economic ideas and the profession that has created them must deal with the Prize s history, and Vane and Mulhearn have provided an indispensable guide to it brief, readable and accurate. David Laidler, Professor Emeritus and Bank of Montreal Professor, University of Western Ontario, Canada This is a splendid account of the personal stories of the Nobel Laureates in Economics, the diversity of practice of recent economists, and, perhaps above all, the nature o




Developing Econometrics


Book Description

Statistical Theories and Methods with Applications to Economics and Business highlights recent advances in statistical theory and methods that benefit econometric practice. It deals with exploratory data analysis, a prerequisite to statistical modelling and part of data mining. It provides recently developed computational tools useful for data mining, analysing the reasons to do data mining and the best techniques to use in a given situation. Provides a detailed description of computer algorithms. Provides recently developed computational tools useful for data mining Highlights recent advances in statistical theory and methods that benefit econometric practice. Features examples with real life data. Accompanying software featuring DASC (Data Analysis and Statistical Computing). Essential reading for practitioners in any area of econometrics; business analysts involved in economics and management; and Graduate students and researchers in economics and statistics.




Open Economics


Book Description

This book offers an up to date assessment of economics in relation to other disciplines, combining the work of leading international scholars and rising young stars and presenting an historical introduction to the disciplinary context of economics.




The Programming Approach and the Demise of Economics


Book Description

In this book – the first of three volumes – Franco Archibugi sets out to create an epistemology of economics, arguing for a radical overturning of the conventional analysis from a “positive” approach to a “programming” approach. This overturning leads to a reappraisal of the foundations of Economics itself, and to an improved integration of Economics as an autonomous discipline alongside Sociology, Political Science, Operational Research, Social Engineering and Physical or Spatial Planning. The author interrogates how scientific the social sciences really are before proposing a new scientific paradigm for the social sciences, a political preference function and a general programming approach. The chapters revisit hitherto neglected economists like Gunnar Myrdal, Ragnar Frisch, Vassili Leontief, and Leif Johansen, using their theory to overturn the epistemological approach of the entire science of economics. Volume II explores oppositions to the traditional and conventional teaching of economics, whilst Volume III presents a concrete and practical example of how to build a Planning Accounting Framework (PAF), as associated with Frisch’s ‘plan-frame’ (explored in Volume II), to demonstrate the extent to which decisions and negotiations can be routed in the social sciences.




Foundations of Modern Econometrics


Book Description

These two volumes convey the writings of Ragnar Frisch (1895-1973), who, together with Jan Tinbergen, was the first winner of the Nobel Prize in economics. He played a major role in the foundation of econometrics as a discipline, partly through his position as editor of Econometrica.




Problems and Methods of Econometrics


Book Description

Ragnar Frisch was one of the founders of economics as a modern science. This set of lecture notes is a rare exhibition of Frisch’s overview on econometrics, offering an accessible and astute description of economic and econometric modelling.




A Dynamic Approach to Economic Theory


Book Description

This book contains a set of notes prepared by Ragnar Frisch for a lecture series that he delivered at Yale University in 1930. The lecture notes provide not only a valuable source document for the history of econometrics, but also a more systematic introduction to some of Frisch’s key methodological ideas than his other works so far published in various media for the econometrics community. In particular, these notes contain a number of prescient ideas precursory to some of the most important notions developed in econometrics during the 1970s and 1980s More remarkably, Frisch demonstrated a deep understanding of what econometric or statistical analysis could achieve under the situation where there lacked known correct theoretical models. This volume has been rigorously edited and comes with an introductory essay from Olav Bjerkholt and Duo Qin placing the notes in their historical context.




Economic Theory in the Twentieth Century, An Intellectual History—Volume II


Book Description

This book, set out over three-volumes, provides a comprehensive history of economic thought in the 20th century with special attention to the cultural and historical background in the development of theories, to the leading or the peripheral research communities and their interactions, and finally to an assessment and critical appreciation of economic theories. Volume II addresses economic theory in the period between the two world wars in which the economic theory went through a process of criticism of old mainstream, deconstruction and reconstruction and theoretical ferment which involved the intellectual communities of economists emphasizing their nature of evolving interacting entities. This work provides a significant and original contribution to the history of economic thought and gives insight to the thinking of some of the major international figures in economics. It will appeal to students, scholars and the more informed reader wishing to further their understanding of the history of the discipline.