Frontiers of Economics: Nobel Laureates of the Twentieth Century / Edition 1

Frontiers of Economics: Nobel Laureates of the Twentieth Century / Edition 1

by Abu N. Wahid
     
 

ISBN-10: 031332073X

ISBN-13: 9780313320736

Pub. Date: 06/30/2002

Publisher: ABC-CLIO, Incorporated

Economics Nobel laureates are the pioneers of the science of economics. They are the most brilliant products of the discipline and have made enormous original contributions to the field of economics, and oftentimes history, political science, business, and other subjects. Their works, struggles, successes and failures are fascinating, and readers are given a

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Overview

Economics Nobel laureates are the pioneers of the science of economics. They are the most brilliant products of the discipline and have made enormous original contributions to the field of economics, and oftentimes history, political science, business, and other subjects. Their works, struggles, successes and failures are fascinating, and readers are given a glimpse into each laureate's life, where and when they were born and raised, what schools they attended, and who influenced their intellectual development. Most importantly, each laureate's often complex corpus of work is described as succinctly as possible without losing the work's original flavor: what it contributed to the field, and how it was received by peers, and how it affected the world. A list of selected further readings concludes each entry, directing the reader to the primary and secondary works essential to understanding the works of these towering figures.

Arranged chronologically by year of award, all 44 entries cogently explain the laureate's life's work in language even non-economists can follow. Economists interested in the intellectual history of their discipline, and professors and students of business will find Wahid's book a very useful resource when seeking out the basic outlines of the thoughts of the scholars who have shaped the fields of economic inquiry, practice, and research. Also, any student in the social sciences thumbing through this book will instantly recognize many currents of thought that have influenced the way scholars in their discipline approach their craft.

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Product Details

ISBN-13:
9780313320736
Publisher:
ABC-CLIO, Incorporated
Publication date:
06/30/2002
Pages:
456
Product dimensions:
6.14(w) x 9.21(h) x 1.00(d)

Table of Contents

Preface
About the Editor and Contributors
The Economics Nobel Prize at a Glance (1969-1999)
1The Nobel Prize in Economics: A Brief Overview1
2Ragnar Frisch (1895-1973): A Founding Father of Econometrics and a Laureate of 19699
3Jan Tinbergen (1903-1994): Who Integrated Physics, Mathematics, Statistics, and Economics and Was a Laureate of 196919
4Paul Samuelson (1915- ): An Economist's Economist and the Laureate of 197027
5Simon Kuznets (1901-1985): An Originator of the National Income Accounting Method and the Laureate of 197137
6Kenneth Arrow (1921- ): The Father of the Arrow's Impossibility Theorem and a Laureate of 197245
7John Hicks (1904-1989): An Architect of the Famous IS-LM Framework and a Laureate of 197255
8Wassily Leontief (1906-1999): The Founder of Input-Output Analysis and the Laureate of 197363
9Friedrich Hayek (1899-1992): Who Combined Psychology, Physiology, Philosophy, and Economics and Was a Laureate of 197475
10Gunnar Myrdal (1898-1987): An Economist, a Social Thinker, a Politician, and a Laureate of 197483
11Leonid Kantorovich (1912-1986): A Pioneer of the Theory of Optimum Resource Allocation and a Laureate of 197593
12Tjalling Koopmans (1910-1985): The Originator of Activity Analysis and a Laureate of 197599
13Milton Friedman (1912- ): The Leader of the Monetarist School of Thought and the Laureate of 1976109
14James Meade (1907-1995): A Pioneer of the Theory of the Second Best and a Laureate of 1977117
15Bertil Ohlin (1899-1979): A Co-founder of the Celebrated Heckscher-Ohlin Theorem of Factor Endowment and a Laureate of 1977123
16Herbert Simon (1916-2001): One of the Most Versatile Talents of the Twentieth Century and the Laureate of 1978129
17Arthur Lewis (1915-1991): The Founder of the Theory of Unlimited Supplies of Labor and a Laureate of 1979137
18Theodore Schultz (1902-1998): An Expert on Agricultural Economics and Human Capital Theories and a Laureate of 1979147
19Lawrence Klein (1920- ): A Giant of Econometric Modeling and the Laureate of 1980157
20James Tobin (1918- ): An Architect of the Portfolio Selection Theory and the Laureate of 1981165
21George Stigler (1911-1991): An Authority on the Economics of Regulations and Industrial Organization and the Laureate of 1982171
22Gerard Debreu (1921- ): A Brilliant Mathematician and a Frontiersman of the Theory of the Existence of Equilibrium and the Laureate of 1983181
23Richard Stone (1913-1991): A Specialist of the Consumer Demand Theories and Empirical Modeling and the Laureate of 1984189
24Franco Modigliani (1918- ): A Founder of the Life Cycle Hypothesis and the Laureate of 1985199
25James Buchanan (1919- ): A Pioneer of Public Economics and the Laureate of 1986207
26Robert Solow (1924- ): A Founder of the Modern Growth Theories and the Laureate of 1987213
27Maurice Allais (1911- ): An Applied Microtheorist and the Laureate of 1988221
28Trygve Haavelmo (1911-1999): A Founder of the Simultaneous Equations System and the Laureate of 1989227
29Harry Markowitz (1927- ): A Founding Father of the Modern Portfolio Theory and a Laureate of 1990237
30Merton Miller (1923-2000): A Guru of Corporate Finance and a Laureate of 1990243
31William Sharpe (1934- ): A Founder of the Capital Asset Pricing Model (CAPM) and a Laureate of 1990253
32Ronald Coase (1910- ): A Pioneer of the Economics of Property Rights and the Economics of Law and the Laureate of 1991257
33Gary Becker (1930- ): A Champion of the Economics of Household, Marriage, and Divorce and the Laureate of 1992265
34Robert Fogel (1926- ): An Originator of "Cliometrics" and a Laureate of 1993273
35Douglass North (1920- ): A Pioneer of the Economics of Institutions and a Laureate of 1993283
36John Harsanyi (1920-2000): A Master of Rational Behavior and Bargaining in Games and a Laureate of 1994291
37John Nash (1928- ): A Discoverer of the Nash Equilibrium and a Laureate of 1994299
38Reinhard Selten (1930- ): Who Refines the Concept of Equilibrium and Is a Laureate of 1994309
39Robert Lucas, Jr. (1937- ): A Pioneer of the New Classical School of Thought and the Laureate of 1995319
40James Mirrlees (1936- ): An Authority on Information Economics and a Laureate of 1996333
41William Vickrey (1914-1996): An Expert on Moral Hazard and Adverse Selection and a Laureate of 1996339
42Robert Merton (1944- ): A Solver of the Option Pricing Model and a Laureate of 1997351
43Myron Scholes (1941- ): An Applied Financial Economist and a Laureate of 1997359
44Amartya Sen (1933- ): A Champion of Welfare Economics and Poverty Studies and the Laureate of 1998367
45Robert Mundell (1932- ): Who Offers Consensual Frameworks for Continuing Controversies and Is the Laureate of 1999381
Index389

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