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Slaves or Mercenaries: Milton Friedman and the Institution of the All-Volunteer Military

Singleton, John D. - Center for the History of Political Economy - 2014

Milton Friedman was the leading public proponent for an all-volunteer military. This chapter traces his influence upon the national debate over conscription, which culminated in Friedman’s service on the Gates Commission. Friedman’s argument relied on economic reasoning and appeal to...

Persistent link: https://www.econbiz.de/10010764309

Speaking in tongues, a text analysis of economic opinion at Newsweek, 1975-2007

Mata, Tiago; Lemercier, Claire - Center for the History of Political Economy - 2011

Among American news magazines Newsweek holds the distinction of having hosted some of the most authoritative interpretation of economic events. Its cast of columnists included two of the most acclaimed academic economists and some of the most widely read business journalists of the late...

Persistent link: https://www.econbiz.de/10010720648

Becoming Applied: The Transformation of Economics after 1970

Backhouse, Roger E.; Cherrier, Beatrice - Center for the History of Political Economy - 2014

Abstract: This paper conjectures that economics has changed profoundly since the 1970s and that these changes involve a … been a changed understanding of the nature of applied work and hence of economics itself. …

Persistent link: https://www.econbiz.de/10011163110

From Long-Run Utopia to Technical Expertise: Solow's Growth Model as a Multipurpose Design

Halsmayer, Verena - Center for the History of Political Economy - 2014

Combining concrete policy-oriented modeling strategies of World War II with what was received as traditional neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning “design” model that served many different purposes. As a working object it enabled...

Persistent link: https://www.econbiz.de/10010878263

The Genesis of Samuelson and Solow's Price-Inflation Phillips Curve

Hoover, Kevin D. - Center for the History of Political Economy - 2014

Samuelson and Solow in their 1960 paper in the American Economic Review: Papers and Proceedings were among the first economists to engage with Phillips’ famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They addressed the question of the relevance of...

Persistent link: https://www.econbiz.de/10010887051

Solow’s Harrod: Transforming Cyclical Dynamics into a Model of Long-run Growth

Halsmayer, Verena; Hoover, Kevin D. - Center for the History of Political Economy - 2013

light of a particular culture of understanding grounded in the practice of formal modeling that emerged in economics in the …

Persistent link: https://www.econbiz.de/10010671579

Continental Visions: Ann Seidman, Reginald H. Green, and the Economics of African Unity in 1960s Ghana

Serra, Gerardo - Center for the History of Political Economy - 2014

Reginald H. Green became, as members of the research team on ‘The Economics of African Unity’ established at the University of …, it is argued that the story of the ‘economics of African unity’ is a useful departure point to deepen our understanding … of the relationship between economics and political imagination in postcolonial Africa. …

Persistent link: https://www.econbiz.de/10010764305

A Hayekian Explanation of Hayek's "Epistemic Turn"

Scheall, Scott - Center for the History of Political Economy - 2014

’s dissatisfaction with his technical economics – in particular, his business cycle project – prompted, in keeping with his evolutionary …

Persistent link: https://www.econbiz.de/10010764306

Ben Bernanke: Theory and Practice

Gill, Alexander J. - Center for the History of Political Economy - 2014

Ben Bernanke researched monetary policy for over 25 years prior to becoming a policymaker, and his two-term career as Chairman of the Federal Reserve featured a severe recession coupled with a nancial crisis, a chief subject of Bernanke's research. His reaction to economic events is noteworthy...

Persistent link: https://www.econbiz.de/10010764307

James Tobin and Modern Monetary Theory

Dimand, Robert W. - Center for the History of Political Economy - 2014

This paper examines the relationship of the monetary economics of James Tobin to modern monetary theory, which has …'s series on Great Thinkers in Economics. …

Persistent link: https://www.econbiz.de/10010764308