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Capitalism and Society
Capitalism and Society Volume 3, Issue 3 2008 Article 2 The Many Contributions of Edmund Phelps: American Economic Association Luncheon Speech Honoring the 2006 Nobel Laureate in Economics James J. Heckman∗ ∗University of Chicago; Geary Institute, University College Dublin; and the American Bar Foundation Copyright c 2008 The Berkeley Electronic Press. All rights reserved. Heckman: The Many Contributions of Edmund Phelps The following speech was given at the American Economic Association Annual Meetings, New Orleans, January 5, 2008. This draft was revised August 14, 2008. This research was supported by the American Bar Foundation and the Geary Institute, University College Dublin. Throughout his career, Ned Phelps has made fundamental contributions to growth theory, macroeconomics, public finance and social welfare theory that deserved the high recognition accorded by the Nobel Prize committee in October, 2006. He is one of the most original thinkers in economics. The citation issued when Phelps was made a Distinguished Fellow of the American Economic Association still speaks for the community of economists today: The collection of papers from a conference that he organized, Microeconomic Foundations, pushed questions about theoretical foundations to the front of the research agenda and changed forever our notion of what constitutes an acceptable macroeconomic theory... Throughout his career Phelps has been willing to step outside of the existing analytical framework and rethink the basic issues... He continues to push theorists and policy makers to rethink their analysis of expectations, inflation, and unemployment and to set a high standard for what it means to be an economic theorist. (American Economic Association 2001) Phelps’s output of original concepts, models and theorems has been vast. -
IGNITING INNOVATION Public Disclosure Authorized
Public Disclosure Authorized IGNITING INNOVATION Public Disclosure Authorized Rethinking the Role of Government in Emerging Europe Public Disclosure Authorized and Central Asia Itzhak Goldberg John Gabriel Goddard Smita Kuriakose Public Disclosure Authorized Jean-Louis Racine This report is part of a series undertaken by the Europe and Central Asia Region of the World Bank. Earlier reports have investigated poverty, jobs, trade, migration, demography, and productivity growth. The series covers the following countries: Albania Lithuania Armenia Macedonia, FYR Azerbaijan Moldova Belarus Montenegro Bosnia and Herzegovina Poland Bulgaria Romania Croatia Russian Federation Czech Republic Serbia Estonia Slovak Republic Georgia Slovenia Hungary Tajikistan Kazakhstan Turkey Kosovo Turkmenistan Kyrgyz Republic Ukraine Latvia Uzbekistan IGNITING INNOVATION IGNITING INNOVATION Rethinking the Role of Government in Emerging Europe and Central Asia Itzhak Goldberg John Gabriel Goddard Smita Kuriakose Jean-Louis Racine Europe and Central Asia Region ©2011 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org All rights reserved 1 2 3 4 14 13 12 11 This volume is a product of the staff of the International Bank for Reconstruction and Development / The World Bank. The findings, interpretations, and conclusions expressed in this volume do not neces- sarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judge- ment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. -
Arnold Heertje (1934–2020) Eigenzinnige Econoom Die Niet Reproduceerbaar Is
IN MEMORIAM Arnold Heertje (1934–2020) Eigenzinnige econoom die niet reproduceerbaar is p 4 april overleed Arnold Heer- Heertje heeft voor zijn werk een aan- tje. Met hem is er een markant, tal onderscheidingen ontvangen, zoals scherpzinnig, eigenzinnig en de Grote Stapenning van de Universiteit Obetrokken econoom heengegaan, die van Amsterdam, het Erelidmaatschap van grote bijdragen heeft geleverd aan de de Koninklijke Vereniging voor de Staat- naoorlogse economiebeoefening, het huishoudkunde, het Lidmaatschap van de economie onderwijs en het economische Koninklijke Nederlandse Akademie van debat in Nederland. Wetenschappen en de Pierson Penning. Bovendien is hij onderscheiden als Ridder “Ik voel ook wel dat ik moet deëscaleren. in de Orde van de Nederlandse Leeuw. Gas terugnemen. Maar ik heb ontzetten de moeite om als het ware niets van me te Wetenschappelijk oeuvre laten horen. Een neiging om voortdurend Het wetenschappelijke oeuvre van Arnold je visitekaartje af te willen geven. Ik wil het Heertje omvat bijdragen op het gebied gezegd hebben, ja ik wil het gezégd hebben.” (Heertje, 1975) van monopolie en oligopolie, technologische ontwikkeling, de welvaartsanalyse, de informele economie en de economi- “Ik heb niet teveel gezegd.” (Heertje, 2006) sche geschiedenis. Levensloop en onderwijs Oligopolie Heertje werd op 19 februari 1934 in Breda geboren in een Heertje was in Nederland een van de eerste economen die joods gezin. In de oorlog moest hij onderduiken bij commu- in zijn proefschrift een wiskundig-economische benadering nistische en gereformeerde families. Die oorlogservaringen gebruikte om verschillende vragen rond oligopolies te beant- hebben hun sporen nagelaten in zijn hele latere leven en werk. woorden (Heertje, 1960a). In navolging van de door Heertje Na zijn hbs B ging Heertje in 1951 economie studeren aan bewonderde Samuelson (Samuelson, 1947), brak hij met de de Universiteit van Amsterdam. -
CURRICULUM VITAE of OLIVER E. WILLIAMSON May 2013 PRESENT
CURRICULUM VITAE OF OLIVER E. WILLIAMSON May 2013 PRESENT POSITION Professor of the Graduate School and Edgar F. Kaiser Professor Emeritus of Business, Economics and Law, University of California, Berkeley. EDUCATION S.B., Massachusetts Institute of Technology, 1955 M.B.A., Stanford University, 1960 Ph.D., Carnegie-Mellon University (Economics), 1963 AWARDS, PRIZES, AND FELLOWSHIPS Honorary Societies Fellow, The Berkeley Fellows, 2013 Nobel Laureate in the Economic Sciences, 2009. Fellow, American Academy of Political and Social Science, 1997. Member, National Academy of Sciences, 1995. Fellow, American Academy of Arts and Sciences, 1983. Fellow, Econometrics Society, 1977. 1 Prizes Grande Cruz, awarded by the Congress of Peru, 2011. Nobel Laureate in Economic Sciences, 2009. Horst Claus Recktenwald Prize in Economics, 2004. 1983 Prize for Distinguished Scholarship in Law and Economics, Miami University. Ford Foundation Dissertation Prize, 1963. Honorary Degrees Docteur Honoris Causa, University of Paris-Dauphine, 2012. Honorary Doctor of Economics and Organization, Carnegie-Mellon University, 2011. Honorary Professor, Tsinghua University, SEM, 2010. Doctoris Honoris Causa in Economics, Nice University, 2005. Doctoris Honoris Causa in Economics, Valencia University, 2004. Doctoris Honoris Causa in Economics, University of Chile, 2000. Honorary Doctorate in Economics and Business Administration, Copenhagen Business School, 2000. Doctoris Honoris Causa, Groupe HEC (Paris), 1997. Doctoris Honoris Causa in Business Administration, St. Petersburg University, Russia, 1997. Doctoris Honoris Causa in Economics, Turku School of Economics and Business Administration, 1995. Doctoris Honoris Causa in Economic Science, Groningen University, 1989. Doctoris Honoris Causa in Economic Science, Hochschule St. Gallen, 1987. Oeconomiae Doctorem Honoris Causa, Ph.D., Norwegian School of Economics and Business Administration, Jubilee Celebration, 1986. -
Judging the Netherlands: Restitution Process, 1997-2000 Process, Restitution
Manfred Gerstenfeld Manfred Gerstenfeld has done a masterful job of describing the more than sixty-year In the last years of the twentieth century, cycle that began with the Nazis’ destruction of Dutch Jewry, and then continued the many shortcomings of the postwar with the woefully inadequate immediate postwar efforts by the Dutch government Dutch Holocaust restitution became a at restitution of property, insurance claims, and other attempts to compensate Dutch major issue in the Dutch public debate. Holocaust survivors and families of victims. This book deals mainly, however, with The internationally publicized failures the belated but generally successful Dutch effort, in the last years of the twentieth of the Swiss banks regarding dormant Joel Fishman century and early part of the twenty-first century, to rectify the past deficiencies bank accounts from the war period and set a positive example of how governments can try to provide belated, although prompted investigations elsewhere as imperfect, justice, and to try to rectify in some small way the pain of their citizens Judging the Netherlands: the Judging well, including in the Netherlands. Copyright : stemming from wartime in general and the Shoah in particular. A further stimulus came when many Ambassador Stuart E. Eizenstat, Former U.S. Deputy Secretary of the Treasury; index cards of the Dutch looting bank Dr. Manfred Gerstenfeld is chairman of from the foreword Judging the LIRO, listing the stolen possessions of the Board of Fellows of the Jerusalem individual Jews, were found abandoned Center for Public Affairs. He has been in an Amsterdam attic. an international business strategist This book deals with the restitution of Jewish property that was looted during World Reports of the commissions of inquiry for forty years. -
Perspectives from the Happiness Literature and the Role of New Instruments for Policy Analysis
IZA DP No. 2568 Perspectives from the Happiness Literature and the Role of New Instruments for Policy Analysis Bernard M.S. van Praag DISCUSSION PAPER SERIES DISCUSSION PAPER January 2007 Forschungsinstitut zur Zukunft der Arbeit Institute for the Study of Labor Perspectives from the Happiness Literature and the Role of New Instruments for Policy Analysis Bernard M.S. van Praag SCHOLAR, University of Amsterdam, DIW Berlin, CESifo and IZA Discussion Paper No. 2568 January 2007 IZA P.O. Box 7240 53072 Bonn Germany Phone: +49-228-3894-0 Fax: +49-228-3894-180 E-mail: [email protected] Any opinions expressed here are those of the author(s) and not those of the institute. Research disseminated by IZA may include views on policy, but the institute itself takes no institutional policy positions. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit company supported by Deutsche Post World Net. The center is associated with the University of Bonn and offers a stimulating research environment through its research networks, research support, and visitors and doctoral programs. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. -
Microeconomics of Saving
BCN IC hPBRS COMMISSNil OF THE EUROPEAil COMMUI{ITIES DIRECTORATE.GETTERAL FON ECOiIOMIC AiID FII{AI{CIAL AFFAIRS Number 89 December 1991 Microeconomics of Saving Barbara Kauffmann* Internal Paper "Economic Papers" are written by the Sfaff of the Directorate- General for Economic and Financial Affairs, or by experts working in assOciation with them. The "Papers" are intended to increase awareness of the technical work being done by the staff and to seek comments and suggestions for f urther analyses. They may not be quoted without authorisation. Views expressed represent exclusivety the posifions of the author and do not necessa rily correspond with fhose of the Commission of the European Communities. Comments and enquiries should be addressed to: The Directorate-General for Economic and Financial Affairs, Commission of the European Communities, 200, rue de la Loi 1049 Brussels, Belgium i I l ECONOMIC PAPERS Number89 December 1991 Microeconomics of Saving Barbara Kauffmann* Internal Paper * I would like to thank Arnold Heertje, Franco Modigliani, Javier Santillan, Stefan Sinn, Patrick Steimer, and Marian Kane for helpful comments and Pierre Baut. Ierotheos Papadopoulos, and Piet van Zeeland for technical assistance. 11/548/91/-EN This paper exists in English only CONTENTS Summary Page 1. Introduction 1 2. Saving for Old Age 2.1. The life cycle hypothesis of saving 3 2.2. Population structure 4 2.3. Social security 6 3. The Return on Saving 3.1. The real interest rate 9 3.2. Taxes 11 3.3. Tax exemptions and saving incentives 13 4. Changes in Wealth and Income 4.1. Inflation 15 4.2. -
Arnold Heertje, ‘Echte Economie
Echte economie Arnold Heertje, ‘Echte economie. Een verhandeling over schaarste en welvaart en over het geloof in leermeesters en lernen’ Valkhof Pers, Nijmegen 2006 (Annalen van het Thijmgenootschap, afl. 94.4) annalen van het thijmgenootschap jaargang 94 (2006), aflevering 4 Onder redactie van de wetenschappelijke raad prof.dr. Edith H.L. Brugmans (voorzitter) drs. Karin I.H. Pasman-de Roo (red.-secretaris) Leden dr. Christina Bode mr.dr. Martin A.J.M. Buijsen dr. Luca Consoli drs. Caspar R.J. Govaart prof.dr. Rolf Hoekstra prof.dr. Eelke de Jong dr. Vincent G.H.J. Kirkels prof.dr. Palmyre M.F. Oomen prof.dr. Jan W.M. Osse prof.dr. Gerard Wiegers prof.dr. Hub A.E. Zwart Redactiesecretariaat Houtstraat 58, 6343 BL Klimmen e-mail: [email protected] www.thijmgenootschap.nl Arnold Heertje, ‘Echte economie. Een verhandeling over schaarste en welvaart en over het geloof in leermeesters en lernen’ Valkhof Pers, Nijmegen 2006 (Annalen van het Thijmgenootschap, afl. 94.4) Arnold Heertje Echte economie Een verhandeling over schaarste en welvaart en over het geloof in leermeesters en lernen thij me ssay Uitgeverij Valkhof Pers Arnold Heertje, ‘Echte economie. Een verhandeling over schaarste en welvaart en over het geloof in leermeesters en lernen’ Valkhof Pers, Nijmegen 2006 (Annalen van het Thijmgenootschap, afl. 94.4) Het Thijmgenootschap, vereniging voor wetenschap en levensbe- schouwing, is opgericht in 1904 en draagt sinds 1947 de huidige naam, geïnspireerd op J.A. Alberdingk Thijm, literator, kunstkenner en cul- tuurdrager. Deze vereniging van christelijke intellectuelen zet zich in voor wetenschappelijke publicaties met een actueel, levensbeschou- welijk accent. -
CURRICULUM VITAE Edmund S. Phelps Department of Economics
CURRICULUM VITAE Edmund S. Phelps Department of Economics Center on Capitalism and Society Columbia University Columbia University 1022 International Affairs Building 1126 International Affairs Building Mail Code 3308 Mail Code 3334 th th 420 West 118 St 420 West 118 St New York, NY 10027 New York, NY 10027 Phone: 1 (212) 851-0260 Email: [email protected] Born: July 26, 1933; Evanston, Illinois, U.S.A., Citizenship: USA. Education: Ph.D., 1959, Yale University; B.A., 1955, Amherst College. SHORT BIOGRAPHY Edmund Phelps, the winner of the 2006 Nobel Prize in Economics, is Director of the Center on Capitalism and Society at Columbia University. Born in 1933, he spent his childhood in Chicago and, from age six, grew up in Hastings-on Hudson, N.Y. He attended public schools, earned his B.A. from Amherst (1955) and got his Ph.D. at Yale (1959). After a stint at RAND, he held positions at Yale and its Cowles Foundation (1960 - 1966), a professorship at Penn and finally at Columbia in 1971. He has written books on growth, unemployment theory, recessions, stagnation, inclusion, rewarding work, dynamism, indigenous innovation and the good economy. His work can be seen as a lifelong project to put “people as we know them” into economic theory. In the mid-‘60s to the early ‘80s, beginning with the “Phelps volume,” Microeconomic Foundations of Employment and Inflation Theory (1970), he pointed out that workers, customers and companies must make many decisions without full or current information; and they improvise by forming expectations to fill in for the missing information. -
Rick Van Der Ploeg » Curriculum Vitae Rick Van Der Ploeg
26/2/2021 Rick van der Ploeg » Curriculum Vitae Rick van der Ploeg Research Web Site Curriculum Vitae CURRICULUM VITAE Frederick (Rick) van der Ploeg Department of Economics, University of Oxford, OX1 3UQ, U.K. Email: [email protected], Website: www.rickvanderploeg.com CURRENT POSITIONS Professor of Economics, Department of Economics, University of Oxford (2008-..). Research Director of the Oxford Centre for the Analysis of Resource Rich Economies (2008-..). University Professor in Environmental Economics (part-time), University of Amsterdam (2020-..). RESEARCH INTERESTS Macroeconomics, public economics, international economics, development, political economy. Natural resources, climate. EDUCATION 1977-81: Ph.D. Engineering, University of Cambridge and King’s College, Cambridge. 1974-77: B.Sc., First Class Honours, University of Sussex. AWARDS AND HONOURS 2014: Member of the Academia Europaea. 2011-16: Co-Investigator, Advanced Grant for ‘Combating Climate Change: The Political Economy of Green Paradoxes’, European Research Council. With C. Withagen. 2010: Corresponding Member of the Royal Netherlands Academy of Arts and Sciences (KNAW). 2009: Member of the Royal Holland Society of Sciences and Humanities. 2004: Fellow of European Economic Association. 2003: Mr. N.G. Pierson Penning for Contributions to Economics. 2002: Knight in the Order of Orange-Nassau, Netherlands. 2002: Cosmic Lifetime Achievement Award for promotion of cultural diversity in the Netherlands. https://rickvanderploeg.com/?page_id=7 1/11 26/2/2021 -
Towards a Politics of Restraint Public Choice Theory in the Dutch Labour Party of the 1970S1
Towards a Politics of Restraint Public Choice Theory in the Dutch Labour Party of the 1970s1 Thomas Kayzel tseg 18 (1): 53–78 doi: 10.18352/tseg.1198 Abstract Public choice theory, an analysis of politics based on economic principles, is often considered to be one of the major innovations in economics and political sciences in the second half of the twentieth century. In its formulation by James Buchanan and Gordon Tullock, public choice is commonly understood as one of the major theoretical building blocks in the development of neoliberal thought. It was also re- markably popular with economists and political scientists within the Dutch Labour Party (Partij van de Arbeid) in the mid-1970s. This latter fact is surprising since public choice was seemingly at odds with the Keynesian ideas around which the Labour Party had built its economic policy. This article investigates why and how public choice became popular in the Labour Party. In understanding the popularity of this theory, I will argue, it is important to see the popularity of neoliberal ideas not only in reaction to the economic tribulation of the period but also as a discussion on social planning and an expression of discontent with the democratization move- ment. Since the rise of neoliberalism in Dutch policymaking is often understood as coming from liberal and conservative channels, studying public choice within the Labour party will shed new light on the development of neoliberalism in the Nether lands. 1 The author wants to thank the editors of this special issue, Bram Mellink, Matthias van Rossum and Merijn Oudenampsen for their elaborate comments on multiple versions of this article and encourage- ment. -
Perspectives from the Happiness Literature and the Role of New Instruments for Policy Analysis
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics van Praag, Bernard M. S. Working Paper Perspectives from the happiness literature and the role of new instruments for policy analysis CESifo Working Paper, No. 1912 Provided in Cooperation with: Ifo Institute – Leibniz Institute for Economic Research at the University of Munich Suggested Citation: van Praag, Bernard M. S. (2007) : Perspectives from the happiness literature and the role of new instruments for policy analysis, CESifo Working Paper, No. 1912, Center for Economic Studies and ifo Institute (CESifo), Munich This Version is available at: http://hdl.handle.net/10419/25957 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. www.econstor.eu PERSPECTIVES FROM THE HAPPINESS LITERATURE AND THE ROLE OF NEW INSTRUMENTS FOR POLICY ANALYSIS BERNARD M.