[share_ebook] The Nobel Laureates: How the World's Greatest Economic Minds Shaped Modern Thought


Author: Marilu Hurt McCarty

Date: 2000

ISBN: 0071356142

Pages: 422

Language: English

Publisher: McGraw-Hill Professional

Category: Business

Tag: Economics and Finances


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  • Author: Marilu Hurt McCarty
  • Publisher: McGraw-Hill Professional
  • Publish Date: 2000
  • ISBN: 0071356142
  • Pages: 422

Paul Samuelson. Milton Friedman. William Sharpe. These are just a few of the elite group of Nobel Laureates who represent innovative economic thought. In The Nobel Laureates,Marilu Hurt McCarty interlaces the extraordinary contributions of these world-class economists with the historical circumstances that motivated them,providing fascinating insight into modern economic thought.

More than a chronological sketch of economic developments in the last half of the 20th century,readers will find a thorough examination and explanation of: Limits to rationality,market failure,and the role of government.

Financing growth-promoting investments.

Reducing risk in a zero-sum game.

The Nobel Laureates How the World's Greatest Economic Minds Shaped Modern Thought Marilu Hurt McCarty A Complete Primer on 21st Century Economic Theory—And the Nobel Laureates Who Helped Write It The Nobel Laureates examines virtually every aspect of modern economic thought through the works and lives of today's most influential and innovative economists—44 twentieth-century recipients of the Nobel Prize in Economic Sciences. Embodying the foundations of current economic models,it provides a vivid summary of modern economic theory and practice—as observed through the personal,practical,and analytical prisms of these extraordinary men. most intense discussion. "—John Kenneth Galbraith The Nobel Laureates answers Galbraith's challenge. Through the lives and works of Nobel Prize-winning economists,this thought-provoking book traces the development of today's economic landscape—and provides a coherent,nontechnical description of modern economic thought.
Venturingbehind and beyond the public faces presented by these extraordinary men,The Nobel Laureates provides the personal dimension so often missing in previous economic treatments. This added dimension permits a broader and deeper understanding of both the men and their areas of concentration,including:
* The application of 1992 Nobelist Gary Becker's cost-benefit analysis to all aspects of human behavior
* How the econometrics of Jan Tinbergen and Tjalling Koopmans guide current business and governmental policy
* 1987 honoree Robert Solow's conclusions on the forces underlying nations' potential for economic growth Who better to consult on business cycles than 1970 Nobel Prize winner Paul Samuelson? When attempting to optimize investment opportunities,could one find a better guide than 1990 honoree Harry Markowitz? The Nobel Laureates reveals what led these economists to their often-startling conclusions,and then helps us place those conclusions into a modern framework of international currency crises,policies for economic stabilization,economic growth and development,and other contemporary issues.
A unique and fascinating combination of economic theory,political economy,social philosophy,world history,and personal biography,The Nobel Laureates is nothing less than a roundtable discussion of modern economic history and theory,attended by 44 of modern history's brightest economic lights. By synthesizing their words and experiences,this book will help finance professionals,investors,and economics students of all levels and ages form a more well-developed understanding of the economic forces that have shaped—and continue to shape—contemporary society.

About the Author Marilu Hurt McCarty,Ph.D.,is Professor Emeritus of Economics at Georgia Institute of Technology. She has written or cowritten six textbooks in economics—with Dollars and Sense now in its eighth edition—and produced semiannual editions of Applications in Microeconomics and Applications in Macroeconomics for The Wall Street Journal. Dr. McCarty's work regularly appears in Georgia Tech's Economic Digest,and she is a popular speaker for civic groups and academic institutions.


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