Description
Book SynopsisThis groundbreaking series brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and each volume focuses on those Laureates working in the same broad area of study. The careful selection of papers within each volume is set in context by an insightful introduction to the Laureates? careers and main published works. This landmark series will be an essential reference for scholars throughout the world.
Trade Review’What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the "contributing" Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.' -- Warren J. Samuels, Michigan State University, US
'These volumes complement Vane and Mulhearn's critically acclaimed book, The Nobel Memorial Laureates in Economics,
and are an indispensable guide to key developments in modern economics.' -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UK
'The nature, content and boundaries of economics are changing. There is no better way of examining the key contributions that have shaped the discipline in the last half century than by looking at the pioneering works of the Nobel Laureates in Economics. These volumes not only provide a treasure house of material of high intrinsic worth, but also help us to understand what kind of approaches and ideas have been successful in persuading other economists, and thereby provide valuable material for understanding the evolution of the discipline. The idea behind this series of volumes is brilliant.' -- Geoffrey M. Hodgson, University of Hertfordshire Business School, UK
Table of ContentsContents: Acknowledgements General Introduction Howard R. Vane and Chris Mulhearn PART I JAMES TOBIN Introduction to Part I: James Tobin (1918–2002) 1. James Tobin (1955), ‘A Dynamic Aggregative Model’ 2. James Tobin (1956), ‘The Interest-Elasticity of Transactions Demand for Cash’ 3. J. Tobin (1958), ‘Liquidity Preference as Behavior Towards Risk’ 4. James Tobin (1965), ‘Money and Economic Growth’ 5. James Tobin (1969), ’A General Equilibrium Approach to Monetary Theory’ 6. James Tobin (1972), ‘Inflation and Unemployment’ PART II FRANCO MODIGLIANI Introduction to Part II: Franco Modigliani (1918–2003) 7. Franco Modigliani (1944), ‘Liquidity Preference and the Theory of Interest and Money’ 8. Franco Modigliani and Richard Brumberg (1955), ‘Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data’ 9. Franco Modigliani (1961), ‘Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt’ 10. Albert Ando and Franco Modigliani (1963), ‘The “Life Cycle” Hypothesis of Saving: Aggregate Implications and Tests’ 11. Franco Modigliani (1977), ‘The Monetarist Controversy or, Should We Forsake Stabilization Policies?’ 12. Franco Modigliani and Richard Brumberg (1980), ‘Utility Analysis and Aggregate Consumption Functions: An Attempt at Integration’ PART III FINN E. KYDLAND and EDWARD C. PRESCOTT Introduction to Part III: Finn E. Kydland (b.1943) and Edward C. Prescott (b. 1940) 13. Robert E. Lucas, Jr. and Edward C. Prescott (1971), ‘Investment Under Uncertainty’ 14. Robert E. Lucas, Jr. and Edward C. Prescott (1974), ‘Equilibrium Search and Unemployment’ 15. Finn E. Kydland and Edward C. Prescott (1977), ‘Rules Rather Than Discretion: The Inconsistency of Optimal Plans’ 16. Finn E. Kydland and Edward C. Prescott (1982), ‘Time to Build and Aggregate Fluctuations’ 17. Rajnish Mehra and Edward C. Prescott (1985), ‘The Equity Premium: A Puzzle’ 18. Edward C. Prescott (1986), ‘Theory Ahead of Business Cycle Measurement’ 19. Finn E. Kydland and Edward C. Prescott (1990), ‘Business Cycles: Real Facts and a Monetary Myth’ 20. Finn E. Kydland and Edward C. Prescott (1991), ‘Hours and Employment Variation in Business Cycle Theory’ 21. David K. Backus, Patrick J. Kehoe and Finn E. Kydland (1992), ‘International Real Business Cycles’ 22. Finn E. Kydland and Edward C. Prescott (1996), ‘The Computational Experiment: An Econometric Tool’
