Kasper Prelims

Total Page:16

File Type:pdf, Size:1020Kb

Kasper Prelims References Akerloff, George and Janet Yellen (1985), ‘A Near-Rational Model of the Business Cycle, with Wage and Price Inertia’, Quarterly Journal of Economics, Supplement, 100, 823–38. Ando, Albert and Franco Modigliani (1965), ‘The Relative Stability of Monetary Velocity and the Investment Multiplier’, American Economic Review, 55 (September), 693–728. Anonymous (1972), Transcript of an Interview with Unidentified Friend of Simons’s Family, November 16, 1972, Box 10, File No. 11, The Henry C. Simons Papers, Special Collections, Joseph Regenstein Library, University of Chicago. Arrow, Kenneth and Gerard Debreu (1954), ‘Existence of and Equilibrium for a Competitive Economy’, Ecta, 22, 265–90. Backhouse, Roger (1985), A History of Modern Economic Analysis, Oxford: Basil Blackwell. Balisciano, Maria (1998), ‘Hope for America: American Notions of Economic Planning between Pluralism and Neoclassicism, 1930–1950’, in Mary S. Morgan and Malcolm Rutherford (eds) (1998), From Interwar Pluralism to Postwar Neoclassicism, Durham: Duke University Press, pp. 153–78. Ball, Laurence and David Romer (1990), ‘Real Rigidities and the Non- Neutrality of Money’, Review of Economic Studies, 57 (April), 183–204. Bangs, Robert (1947), ‘Review: Roofs or Ceilings? The Current Housing Problem’, American Economic Review, 37 (June), 482–3. Barber, William J. (1996), Designs within Disorder: Franklin D. Roosevelt, the Economists, and the Shaping of American Economic Policy, 1933–1945, Cambridge and New York: Cambridge University Press. Barro, Robert (1977), ‘Unanticipated Money Growth and Unemployment in the U.S.’, American Economic Review (March), 101–15. Barro, Robert (1978), ‘Unanticipated Money Growth and Employment in the United States’, Journal of Political Economy (August), 549–80. 153 Sherryl Davis Kasper - 9781843765608 Downloaded from Elgar Online at 10/01/2021 11:58:37AM via free access 154 The Revival of Laissez-Faire Barro, Robert (1979), ‘Unanticipated Money Growth and Unemployment in the United States: Reply’, American Economic Review (December), 1004–9. Barro, Robert and Mark Rush (1980), ‘Unanticipated Money and Economic Activity’, in Stanley Fischer (ed.), Rational Expectations and Economic Policy, Chicago: The University of Chicago Press (for National Bureau of Economic Research). Bentham, Jeremy ([1776] 1951), A Fragment on Government, reprinted in F. C. Montague (ed.) (1951), Oxford: Clarendon Press. Bentham, Jeremy (1780), The Principles of Morals and Legislation, Reprint (1948), New York: Hafner Publishing Company. Blaug, Mark (1985), Great Economists since Keynes, Brighton: Wheatsheaf Books. Blaug, Mark (1992), The Methodology of Economics: Or How Economists Explain, Cambridge, MA: Cambridge University Press. Blinder, Alan S. and Gregory Mankiw (1984), ‘Aggregation and Stabilization Policy in a Multi-Contract Economy’, Journal of Monetary Economics, 13, 67–86. Boland, Lawrence A. (1979), ‘A Critique of Friedman’s Critics’, The Journal of Economic Literature, 27 (June), 503–22. Bottomore, Tom (1978), ‘Introduction’, in Tom Bottomore and Patrick Goode (eds), Austro-Marxism, Oxford: Clarendon Press. Bowler, Clara Ann (1974), ‘The Papers of Henry C. Simons’, Journal of Law and Economics (April), 7–11. Bronfenbrenner, Martin (1962), ‘Observations on the “Chicago School” ’, Journal of Political Economy, 70 (February), 72–5. Buchanan, James M. (1941), ‘Gasoline Tax Sharing among Local Units of Government in Tennessee’, Masters Thesis, University of Tennessee. Buchanan, James M. (1948), ‘Fiscal Equity in a Federal State’, Doctoral Dissertation, University of Chicago. Buchanan, James M. (1949), ‘The Pure Theory of Government Finance: A Suggested Approach’, reprinted in (1960) Fiscal Theory and Political Economy, Chapel Hill: The University of North Carolina Press, pp. 8–23. Buchanan, James M. (1954a), ‘Social Choice, Democracy, and Free Markets’, reprinted in (1960), Fiscal Theory and Political Economy, Chapel Hill: The University of North Carolina Press, pp. 75–89. Buchanan, James M. (1954b), ‘Individual Choice in Voting and the Market’, reprinted in (1960), Fiscal Theory and Political Economy, Chapel Hill: The University of North Carolina Press, pp. 90–104. Sherryl Davis Kasper - 9781843765608 Downloaded from Elgar Online at 10/01/2021 11:58:37AM via free access References 155 Buchanan, James M. (1955), ‘The Methodology of Incidence Theory: A Critical Review of Some Recent Contributions’, reprinted in (1960), Fiscal Theory and Political Economy, Chapel Hill: The University of North Carolina Press, pp. 125–50. Buchanan, James M. (1956), ‘Private Ownership and Common Usage: The Road Case Re-examined’, Southern Economic Journal (January), 305–16. Buchanan, James M. (1958a), Public Principles of Public Debt, Homewood, IL: Richard D. Irwin, Inc. Buchanan, James M. (1958b), ‘Ceteris Paribus: Some Notes on Methodology’, Southern Economic Journal (January), 259–70. Buchanan, James M. (1959), ‘Positive Economics, Welfare Economics, and Political Economy’, reprinted in (1960), Fiscal Theory and Political Economy, Chapel Hill: The University of North Carolina Press, pp. 105–24. Buchanan, James M. (1960), Fiscal Theory and Political Economy, Chapel Hill: The University of North Carolina Press. Buchanan, James M. (1967a), ‘Fiscal Policy and Fiscal Preference’, Public Choice, 2 (Spring), 1–10. Buchanan, James M. (1967b), Public Finance in Democratic Processes, Chapel Hill: The University of North Carolina Press. Buchanan, James M. (1968), ‘Frank H. Knight’, International Encyclopedia of the Social Sciences, Vol. 8, London: The Macmillan Company & The Free Press, pp. 424–8. Buchanan, James M. (1969), Cost and Choice, Chicago: Markham Publishing Company. Buchanan, James M. (1975), The Limits of Liberty: Between Anarchy and Leviathan, Chicago: The University of Chicago Press. Buchanan, James M. (1976), ‘Barro on the Ricardian Equivalence Theorem’, Journal of Political Economy (April), 337–42. Buchanan, James M. (1986a), ‘Liberty, Market, and State’, in (1986), Liberty, Market, and State: Political Economy in the 1980s, Great Britain: Wheatsheaf Books Ltd., pp. 3–7. Buchanan, James M. (1986b), ‘Better than Plowing’, reprinted in (1992), Better Than Plowing and Other Personal Essays, Chicago: The University of Chicago Press, pp. 1–18. Buchanan, James M. (1987a), ‘The Constitution of Economic Policy’, American Economic Review, 77 (June), 342–50. Buchanan, James M. (1987b), ‘Positive Economics, Welfare Economics, and Political Economy’, reprinted with additions (1987), Economics: Sherryl Davis Kasper - 9781843765608 Downloaded from Elgar Online at 10/01/2021 11:58:37AM via free access 156 The Revival of Laissez-Faire Between Predictive Science and Moral Philosophy, College Station: Texas A & M Press, pp. 3–19. Buchanan, James M. (1988), ‘The Economic Theory of Politics Reborn’, Challenge (March/April), 4–10. Buchanan, James M. (1989), ‘Nobelity’, Eastern Economic Journal, 15 (October–December), 339–48. Buchanan, James M. (1990), ‘Born-Again Economist’, reprinted in (1992) Better Than Plowing and Other Personal Essays, Chicago: The Univeristy of Chicago Press, pp. 68–81. Buchanan, James M. (1992a), ‘From the Inside Looking Out’, reprinted in (1992) Better Than Plowing and Other Personal Essays, Chicago: The University of Chicago Press, pp. 149–57. Buchanan, James M. (1992b), Better than Plowing and Other Personal Essays, London, UK and Chicago, US: The University of Chicago Press. Buchanan, James M. and Richard A. Musgrave (1998), Public Finance and Public Choice: Two Contrasting Visions of the State, Cambridge, MA: The MIT Press. Buchanan, James M. and Gordon Tullock (1962), The Calculus of Consent: Logical Foundations of Constitutional Democracy, Ann Arbor: The University of Michigan Press. Buchanan, James M. and Richard E. Wagner (1977), Democracy in Deficit, New York: Academic Press. Caldwell, Bruce (1982), Beyond Positivism, London: George Allen & Unwin. Chamberlin, Edward H. (1933), Theory of Monopolistic Competition, Cambridge, MA: Harvard University Press. Christ, Carl (1952), ‘History of the Cowles Commission 1932–1952’, in Economic Theory and Measurement, Chicago: Cowles Commission for Research in Economics. Clark, Charles M.A. (1992), Economic Theory and Natural Philosophy: The Search for the Natural Laws of the Economy, Aldershot, UK and Brookfield, US: Edward Elgar. Colander, David (1988), ‘The Evolution of Keynesian Economics: From Keynesian to New Classical to New Keynesian’, in O.F. Hamouda and J.N. Smithin (eds), Keynes and Public Policy after Fifty Years, Vol. 1: Economics and Policy, Aldershot, UK and Brookfield, US: Edward Elgar. Culbertson, J.M. (1964), ‘United States Monetary History: Its Implications for Monetary Theory’, National Banking Review, (March) 372–5. Sherryl Davis Kasper - 9781843765608 Downloaded from Elgar Online at 10/01/2021 11:58:37AM via free access References 157 Darwin, Charles (1859), On the Origin of Species, facsimile of the First Edition (1964), Cambridge, MA: Harvard University Press. Davidson, Paul (1978), Money and the Real World, 2nd edition revised (1972), London: The Macmillan Press Ltd. Debreu, Gerard (1959), The Theory of Value, New York: Wiley. Dewey, Don (1990), ‘Frank Knight before Cornell: Some Light on the Dark Years’, in Warren J. Samuels (ed.) (1990), Research into the History of Thought and Methodology, Vol. 8, London, UK and Greenwich, Connecticut, USA: JAI Press, Inc., pp. 1–38. Dewey, John (1917), ‘The Need for Social Psychology’, Psychological Review (July), 266–77. Dickinson, H.D. (1933),
Recommended publications
  • Frank Knight 1933-2007 After Receiving His Ph.D
    Frank Knight 1933-2007 After receiving his Ph.D. from Princeton University in 1959, Frank Knight joined the mathematics department of the University of Minnesota. Frank liked Minnesota; the cold weather proved to be no difficulty for him since he climbed in the Rocky Mountains even in the winter time. But there was one problem: airborne flour dust, an unpleasant output of the large companies in Minneapolis milling spring wheat from the farms of Minnesota. Frank discovered that he was allergic to flour dust and decided that he would try to move to another location. His research was already recognized as important. His first four papers were published in the Illinois Journal of Mathematics and the Transactions of the American Mathematical Society. At that time, J.L. Doob was one of the editors of the Illinois Journal and attracted some of the best papers in probability theory to the journal including some of Frank's. He was hired by Illinois and served on its faculty from 1963 until his retirement in 1991. After his retirement, Frank continued to be active in his research, perhaps even more active since he no longer had to grade papers and carefully prepare his classroom lectures as he had always done before. In 1994, Frank was diagnosed with Parkinson's disease. For many years, this did not slow him down mathematically. He also kept physically active. At first, his health declined slowly but, in recent years, more rapidly. He died on March 19, 2007. Frank Knight's contributions to probability theory are numerous and often strikingly creative.
    [Show full text]
  • The Language of Neoliberal Education Ed
    Letnik XXIX, številka 1–2, 2018 Revija za teorijo in raziskave vzgoje in izobraževanja Šolsko polje The Language of Neoliberal Education ed. Mitja Sardoč Šolsko polje Revija za teorijo in raziskave vzgoje in izobraževanja Letnik XXIX, številka 1–2, 2018 Šolsko polje je mednarodna revija za teorijo ter raziskave vzgoje in izobraževanja z mednarodnim uredniškim odbor om. Objavlja znanstvene in strokovne članke s širšega področja vzgoje in izobraževanja ter edukacij- skih raziskav (filozofija vzgoje, sociologija izobraževanja, uporabna epistemologija, razvojna psihologija, -pe dagogika, andragogika, pedagoška metodologija itd.), pregledne članke z omenjenih področij ter recenzije tako domačih kot tujih monografij s področja vzgoje in izobraževanja. Revija izhaja trikrat letno. Izdaja joSlo - vensko društvo raziskovalcev šolskega polja. Poglavitni namen revije je prispevati k razvoju edukacijskih ved in in- terdisciplinarnemu pristopu k teoretičnim in praktičnim vprašanjem vzgoje in izobraževanja. V tem okviru revija posebno pozornost namenja razvijanju slovenske znanstvene in strokovne terminologije ter konceptov na področju vzgoje in izobraževanja ter raziskovalnim paradigmam s področja edukacijskih raziskav v okvi- ru družboslovno-humanističnih ved. Uredništvo: Valerija Vendramin, Zdenko Kodelja, Darko Štrajn, Alenka Gril, Igor Ž. Žagar, Eva Klemenčič in Mitja Sardoč (vsi: Pedagoški inštitut, Ljubljana) Glavni urednik: Marjan Šimenc (Pedagoški inštitut, Ljubljana) Odgovorni urednik: Mitja Sardoč (Pedagoški inštitut, Ljubljana) Uredniški
    [Show full text]
  • GEORGE J. STIGLER Graduate School of Business, University of Chicago, 1101 East 58Th Street, Chicago, Ill
    THE PROCESS AND PROGRESS OF ECONOMICS Nobel Memorial Lecture, 8 December, 1982 by GEORGE J. STIGLER Graduate School of Business, University of Chicago, 1101 East 58th Street, Chicago, Ill. 60637, USA In the work on the economics of information which I began twenty some years ago, I started with an example: how does one find the seller of automobiles who is offering a given model at the lowest price? Does it pay to search more, the more frequently one purchases an automobile, and does it ever pay to search out a large number of potential sellers? The study of the search for trading partners and prices and qualities has now been deepened and widened by the work of scores of skilled economic theorists. I propose on this occasion to address the same kinds of questions to an entirely different market: the market for new ideas in economic science. Most economists enter this market in new ideas, let me emphasize, in order to obtain ideas and methods for the applications they are making of economics to the thousand problems with which they are occupied: these economists are not the suppliers of new ideas but only demanders. Their problem is comparable to that of the automobile buyer: to find a reliable vehicle. Indeed, they usually end up by buying a used, and therefore tested, idea. Those economists who seek to engage in research on the new ideas of the science - to refute or confirm or develop or displace them - are in a sense both buyers and sellers of new ideas. They seek to develop new ideas and persuade the science to accept them, but they also are following clues and promises and explorations in the current or preceding ideas of the science.
    [Show full text]
  • CHAPTER 2020 Wanting Robustness in Macroeconomics$
    CHAPTER 2020 Wanting Robustness in Macroeconomics$ Lars Peter Hansen* and Thomas J. Sargent{ * Department of Economics, University of Chicago, Chicago, Illinois. [email protected] { Department of Economics, New York University and Hoover Institution, Stanford University, Stanford, California. [email protected] Contents 1. Introduction 1098 1.1 Foundations 1098 2. Knight, Savage, Ellsberg, Gilboa-Schmeidler, and Friedman 1100 2.1 Savage and model misspecification 1100 2.2 Savage and rational expectations 1101 2.3 The Ellsberg paradox 1102 2.4 Multiple priors 1103 2.5 Ellsberg and Friedman 1104 3. Formalizing a Taste for Robustness 1105 3.1 Control with a correct model 1105 3.2 Model misspecification 1106 3.3 Types of misspecifications captured 1107 3.4 Gilboa and Schmeidler again 1109 4. Calibrating a Taste for Robustness 1110 4.1 State evolution 1112 4.2 Classical model detection 1113 4.3 Bayesian model detection 1113 4.3.1 Detection probabilities: An example 1114 4.3.2 Reservations and extensions 1117 5. Learning 1117 5.1 Bayesian models 1118 5.2 Experimentation with specification doubts 1119 5.3 Two risk-sensitivity operators 1119 5.3.1 T1 operator 1119 5.3.2 T2 operator 1120 5.4 A Bellman equation for inducing robust decision rules 1121 5.5 Sudden changes in beliefs 1122 5.6 Adaptive models 1123 5.7 State prediction 1125 $ We thank Ignacio Presno, Robert Tetlow, Franc¸ois Velde, Neng Wang, and Michael Woodford for insightful comments on earlier drafts. Handbook of Monetary Economics, Volume 3B # 2011 Elsevier B.V. ISSN 0169-7218, DOI: 10.1016/S0169-7218(11)03026-7 All rights reserved.
    [Show full text]
  • Alan Stuart Blinder February 2020
    CURRICULUM VITAE Alan Stuart Blinder February 2020 Address Department of Economics and Woodrow Wilson School of Public & International Affairs 284 Julis Romo Rabinowitz Building Princeton University Princeton, NJ 08544-1021 Phone: 609-258-3358 FAX: 609-258-5398 E-mail: blinder (at) princeton (dot) edu Website : www.princeton.edu/blinder Personal Data Born: October 14, 1945, Brooklyn, New York. Marital Status: married (Madeline Blinder); two sons and four grandchildren Educational Background Ph.D., Massachusetts Institute of Technology, l97l M.Sc. (Econ.), London School of Economics, 1968 A.B., Princeton University, summa cum laude in economics, 1967. Doctor of Humane Letters (honoris causa), Bard College, 2010 Government Service Vice Chairman, Board of Governors of the Federal Reserve System, 1994-1996. Member, President's Council of Economic Advisers, 1993-1994. Deputy Assistant Director, Congressional Budget Office, 1975. Member, New Jersey Pension Review Committee, 2002-2003. Member, Panel of Economic Advisers, Congressional Budget Office, 2002-2005. Honors Bartels World Affairs Fellow, Cornell University, 2016. Selected as one of 55 “Global Thought Leaders” by the Carnegie Council, 2014. (See http://www.carnegiecouncil.org/studio/thought-leaders/index) Distinguished Fellow, American Economic Association, 2011-. Member, American Philosophical Society, 1996-. Audit Committee, 2003- Fellow, American Academy of Arts and Sciences, 1991-. John Kenneth Galbraith Fellow, American Academy of Political and Social Science, 2009-. William F. Butler Award, New York Association for Business Economics, 2013. 1 Adam Smith Award, National Association for Business Economics, 1999. Visionary Award, Council for Economic Education, 2013. Fellow, National Association for Business Economics, 2005-. Honorary Fellow, Foreign Policy Association, 2000-. Fellow, Econometric Society, 1981-.
    [Show full text]
  • ECONOMIC MAN Vs HUMANITY Lyrics
    DOUGHNUT ECONOMICS PRESENTS . ECONOMIC MAN vs. HUMANITY: A PUPPET RAP BATTLE STARRING: Storyline and lyrics by Simon Panrucker, Emma Powell and Kate Raworth Key concepts and quotes are drawn from Chapter 3 of Doughnut Economics. * VOICE OVER And so this concept of rational economic man is a cornerstone of economic theory and provides the foundation for modelling the interaction of consumers and firms. The next module will start tomorrow. If you have any questions, please visit your local Knowledge Bank. POTATO Hello? BRASH Hello? FACTS Shall we go to the knowledge bank? BRASH Yeah that didn’t make any sense! POTATO See you outside. They pop up outside. BRASH Let’s go! They go to The Knowledge Bank. PROF Welcome to The Knowledge Ba… oh, it’s you lot. What is it this time? FACTS The model of rational economic man PROF Look, it's just a starting point for building on POTATO Well from the start, something doesn’t sit right with me BRASH We’ve got questions! PROF sighs. PROF Ok, let me go through it again . THE RAP BEGINS PROF Listen, it’s quite simple... At the heart of economics is a model of man A simple distillation of a complicated animal Man is solitary, competing alone, Calculator in head, money in hand and no Relenting, his hunger for more is unending, Ego in heart, nature’s at his will for bending POTATO But that’s not me, it can’t be true! There’s much more to all the things humans say and do! BRASH It’s rubbish! FACTS Well, it is a useful tool For economists to think our reality through It’s said that all models are wrong but some
    [Show full text]
  • Understanding Robert Lucas (1967-1981): His Influence and Influences
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Andrada, Alexandre F.S. Article Understanding Robert Lucas (1967-1981): his influence and influences EconomiA Provided in Cooperation with: The Brazilian Association of Postgraduate Programs in Economics (ANPEC), Rio de Janeiro Suggested Citation: Andrada, Alexandre F.S. (2017) : Understanding Robert Lucas (1967-1981): his influence and influences, EconomiA, ISSN 1517-7580, Elsevier, Amsterdam, Vol. 18, Iss. 2, pp. 212-228, http://dx.doi.org/10.1016/j.econ.2016.09.001 This Version is available at: http://hdl.handle.net/10419/179646 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. https://creativecommons.org/licenses/by-nc-nd/4.0/ www.econstor.eu HOSTED BY Available online at www.sciencedirect.com ScienceDirect EconomiA 18 (2017) 212–228 Understanding Robert Lucas (1967-1981): his influence ଝ and influences Alexandre F.S.
    [Show full text]
  • Control of Finance As a Prerequisite for Successful Monetary Policy: a Reinterpretation of Henry Simons's “Rules Versus Auth
    Working Paper No. 713 Control of Finance as a Prerequisite for Successful Monetary Policy: A Reinterpretation of Henry Simons’s “Rules versus Authorities in Monetary Policy” by Thorvald Grung Moe* Norges Bank Levy Economics Institute of Bard College April 2012 * Thorvald Grung Moe is a senior adviser in the Financial Stability wing of Norges Bank (the central bank of Norway) and a visiting scholar at the Levy Economics Institute. The Levy Economics Institute Working Paper Collection presents research in progress by Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals. Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to public service. Through scholarship and economic research it generates viable, effective public policy responses to important economic problems that profoundly affect the quality of life in the United States and abroad. Levy Economics Institute P.O. Box 5000 Annandale-on-Hudson, NY 12504-5000 http://www.levyinstitute.org Copyright © Levy Economics Institute 2012 All rights reserved ISSN 1547-366X ABSTRACT Henry Simons’s 1936 article “Rules versus Authorities in Monetary Policy” is a classical reference in the literature on central bank independence and rule-based policy. A closer reading of the article reveals a more nuanced policy prescription, with significant emphasis on the need to control short-term borrowing; bank credit is seen as highly unstable, and price level controls, in Simons’s view, are not be possible without limiting banks’ ability to create money by extending loans.
    [Show full text]
  • Understanding the Greenspan Standard
    Commentary: Understanding the Greenspan Standard John B. Taylor No matter what metric you use, the Greenspan era gets exceedingly high marks for economic performance. The era always will be remembered for its price stability—with declining and now low, stable inflation—and for its economic stability—with only two historically short, mild recessions and three long expansions. An indi- cation of how different things are in the Greenspan era is that the current expansion is already one of the longest in American history. Alan Blinder and Ricardo Reis have provided us with a comprehen- sive evaluation of the Greenspan era, shedding light on key policy issues and controversies. I particularly liked their behind-the-scenes review of the move toward greater transparency. And I agree with their overall evaluation of Alan Greenspan that “when the score is toted up, we think he has legitimate claim to be the greatest central banker who ever lived.” Evaluating policy with a monetary policy rule The core of the Blinder-Reis paper is an evaluation of monetary policy through the lens of a policy rule, in particular the Taylor rule. Blinder and Reis find that this rule fits the Greenspan era very well. 107 108 John B. Taylor They then use the estimated rule for a number of purposes. They use it to identify key episodes, defined as the deviations from the rule. They also use the rule to back out Alan Greenspan’s implicit esti- mate of the natural rate of unemployment and to assess the correct response to a change in productivity growth.
    [Show full text]
  • The Wealth Report
    THE WEALTH REPORT A GLOBAL PERSPECTIVE ON PRIME PROPERTY AND WEALTH 2011 THE SMALL PRINT TERMS AND DEFINITIONS HNWI is an acronym for ‘high-net-worth individual’, a person whose investible assets, excluding their principal residence, total between $1m and $10m. An UHNWI (ultra-high-net-worth individual) is a person whose investible assets, excluding their primary residence, are valued at over $10m. The term ‘prime property’ equates to the most desirable, and normally most expensive, property in a defined location. Commonly, but not exclusively, prime property markets are areas where demand has a significant international bias. The Wealth Report was written in late 2010 and early 2011. Due to rounding, some percentages may not add up to 100. For research enquiries – Liam Bailey, Knight Frank LLP, 55 Baker Street, London W1U 8AN +44 (0)20 7861 5133 Published on behalf of Knight Frank and Citi Private Bank by Think, The Pall Mall Deposit, 124-128 Barlby Road, London, W10 6BL. THE WEALTH REPORT TEAM FOR KNIGHT FRANK Editor: Andrew Shirley Assistant editor: Vicki Shiel Director of research content: Liam Bailey International data coordinator: Kate Everett-Allen Marketing: Victoria Kinnard, Rebecca Maher Public relations: Rosie Cade FOR CITI PRIVATE BANK Marketing: Pauline Loohuis Public relations: Adam Castellani FOR THINK Consultant editor: Ben Walker Creative director: Ewan Buck Chief sub-editor: James Debens Sub-editor: Jasmine Malone Senior account manager: Kirsty Grant Managing director: Polly Arnold Illustrations: Raymond Biesinger (covers), Peter Field (portraits) Infographics: Leonard Dickinson, Paul Wooton, Mikey Carr Images: 4Corners Images, Getty Images, Bridgeman Art Library PRINTING Ronan Daly at Pureprint Group Limited DISCLAIMERS KNIGHT FRANK The Wealth Report is produced for general interest only; it is not definitive.
    [Show full text]
  • The Economic Thought of Henry Calvert Simons
    The Economic Thought of Henry Calvert Simons Drawing on years of research, Gerald Steele delves into the diverse ideas of Henry Simons, a neglected economist whose work in the 1930s on monetary and financial instability is extremely relevant to today’s debates about com- mercial bank credit, the interdependence of fiscal and monetary policy, and financial regulation. Steele describes the emergence of the first Chicago School of economics and its distinctive difference to the School subsequently associated with the Monetarism of Milton Friedman, and shows how Simons provides the basis for what is now referred to as ‘the fiscal theory of the price level’ and how this differs from the monetarist attempt to control prices by controlling the supply of broad money. This book will be of interest to advanced students and researchers of the history of economic thought, economic history, macroeconomics and bank- ing and finance. G.R. Steele is Reader in Economics at Lancaster University. His research interests include the economics and political philosophy of Friedrich Hayek, and he has pursued a general inquiry into the development of ideas relating to problems of a money economy. In 2007, he delivered the F.A. Hayek Memorial Lecture, Austrian Scholars Conference, Mises Institute. In 2010, he was Visiting Professor at the Univer- sity of Economics, Prague, when he delivered the František Čuhel Memorial Lecture, Conference on Political Economy, at the Cevro Institute. Routledge Studies in the History of Economics For a full list of titles in this
    [Show full text]
  • Milton Friedman: a Bibliography
    __________________________________________________________________ MILTON FRIEDMAN: A BIBLIOGRAPHY Compiled by Julio H. Cole1 Milton Friedman (1912-2006), the world-famous author of Capitalism and Freedom (1962) and Free to Choose (1980), was one of the most influential economists of the 20th century, and his memory will live long in the lore of economics. To mark the centenary of his birth, Laissez-Faire is pleased to publish this bibliography, the most complete listing to date of his scholarly writings. It provides both an indication of the breadth of his interests, and a measure of the magnitude of his contribution to economic scholarship. A. Books by Milton Friedman .…………………………………………… 98 B. Other Publications by Milton Friedman .……………………………… 100 C. Published Correspondence ……………………………………………. 120 D. Published Interviews ...………………………………………………... 121 1Professor of Economics, Universidad Francisco Marroquín (Guatemala). This bibliography is based upon three earlier bibliographical orientations to Friedman‘s writings: Niels Thygesen, ―The Scientific Contributions of Milton Friedman,‖ Scandinavian Journal of Economics, 79 (1977): 84-98, Kurt Leube (ed.), The Essence of Friedman (Stanford, CA: Hoover Institution Press, 1987), pp. 526-51 (compiled by Gloria Valentine), and Marc Lavoie and Mario Seccareccia (eds.), Milton Friedman et son oeuvre (Montreal: Presses de l‘Université de Montréal, 1993), pp. 191-24 (compiled by Gilles Dostaler). It includes books authored, co-authored or edited by Milton Friedman, introductions and forewords to books by other authors, articles in scholarly and professional journals, comments and replies, chapters in edited volumes, articles in encyclopedias and general interest magazines, book reviews, and published interviews. It does not include articles published in newspapers or in news magazines, speeches, or testimonies to congressional committees.
    [Show full text]