In our increasingly interconnected world, economics has become an ever more powerful, integrated, and dynamic force. In other words, what happens in Vegas doesn’t stay there anymore. In fact, decisions made by economists in London or Shanghai may well determine the fate of savings accounts for people in Montreal, Manhattan, and Mogadishu. As economics is an admittedly complicated social science, this book uses biography as a teaching tool—profiling the most important economists—because often the best way to begin understanding a complicated and important field is by reading about the people behind the ideas.
The 15 papers collected in this book encompass important macroeconomic theories and policies espoused by 1996 Nobel laureate economist William S. Vickrey and his associates. Vickrey wrote a number of papers in the last few years of his life elucidating his "commitment to full employment" as a prerequisite for a decent standard of living for all. Drawing on the foundation of Vickrey's work, the contributors expand and elaborate on issues relative to full employment theory and policy, and on related macro-policy issues.
The 15 papers collected in this book encompass important macroeconomic theories and policies espoused by 1996 Nobel laureate economist William S. Vickrey and his associates. Vickrey wrote a number of papers in the last few years of his life elucidating his "commitment to full employment" as a prerequisite for a decent standard of living for all. Drawing on the foundation of Vickrey's work, the contributors expand and elaborate on issues relative to full employment theory and policy, and on related macro-policy issues.
In our increasingly interconnected world, economics has become an ever more powerful, integrated, and dynamic force. In other words, what happens in Vegas doesn’t stay there anymore. In fact, decisions made by economists in London or Shanghai may well determine the fate of savings accounts for people in Montreal, Manhattan, and Mogadishu. As economics is an admittedly complicated social science, this book uses biography as a teaching tool—profiling the most important economists—because often the best way to begin understanding a complicated and important field is by reading about the people behind the ideas.
Presents original essays on a variety of topics in theoretical and applied economics. The book honours the work of Edward J. Nell and develops interconnected themes that run through the modern Post-Keynesian tradition.
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