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Robert Clower
Robert Wayne Clower (February 13, 1926 – May 2, 2011) was an American economist. He is credited with having largely created the field of stock-flow analysis in economics and with seminal works on the microfoundations of monetary theory and macroeconomics. Major contributions Clower is credited with having largely created the field of stock-flow analysis in economics. In seminal papers that advanced strong methodological positions and set an agenda for subsequent research, Clower formalized and reformulated: * Keynesian theory as disequilibrium analysis in contrast to standard general equilibrium theory, thereby generalizing (or rejecting) Walras' law and standard price theory. To this end, he proposed the 'dual-decision hypothesis' in which realized transaction quantities affect adjustments in output at other than full-employment equilibrium but not at full-employment equilibrium. This, he argued, was implicit in Keynes's work to explain how full-employment equilibrium is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, mathematical finance and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an emergent market phenomenon that possess intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar. Contexts which erode public confidence, such as the circulation of counterfeit money or domestic hyperinflation, can cause good money to lose its value. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Degrees Of The University Of Oxford
The system of academic degrees at the University of Oxford can be confusing to those not familiar with it. This is not merely because many degree titles date from the Middle Ages, but also because many changes have been haphazardly introduced in recent years. For example, the (medieval) BD, BM, BCL, etc. are postgraduate degrees, while the (modern) MPhys, MEng, etc. are integrated master's degrees, requiring three years of undergraduate study before the postgraduate year. In postnominals, "University of Oxford" is normally abbreviated "''Oxon.''", which is short for ''(Academia) Oxoniensis'': e.g., MA (Oxon.), although within the university itself the abbreviation "Oxf" can be used. Undergraduate Awards * Bachelor of Arts (Bachelor of Arts, BA) * Bachelor of Fine Art (Bachelor of Fine Arts, BFA) The bachelor's degree is awarded soon after the end of the degree course (three or four years after matriculation). Contrary to common UK practice, Oxford does not award bachelor's degree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Hicks
Sir John Richards Hicks (8 April 1904 – 20 May 1989) was a British economist. He is considered one of the most important and influential economists of the twentieth century. The most familiar of his many contributions in the field of economics were his statement of consumer demand theory in microeconomics, and the IS–LM model (1937), which summarised a Keynesian view of macroeconomics. His book ''Value and Capital'' (1939) significantly extended general-equilibrium and value theory. The compensated demand function is named the Hicksian demand function in memory of him. In 1972 he received the Nobel Memorial Prize in Economic Sciences (jointly) for his pioneering contributions to general equilibrium theory and welfare theory. Early life Hicks was born in 1904 in Warwick, England, and was the son of Dorothy Catherine (Stephens) and Edward Hicks, a journalist at a local newspaper. He was educated at Clifton College (1917–1922) and at Balliol College, Oxford (1922– ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oxford University
Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the University of Oxford, the oldest university in the English-speaking world; it has buildings in every style of English architecture since late Anglo-Saxon. Oxford's industries include motor manufacturing, education, publishing, information technology and science. History The history of Oxford in England dates back to its original settlement in the Saxon period. Originally of strategic significance due to its controlling location on the upper reaches of the River Thames at its junction with the River Cherwell, the town grew in national importance during the early Norman period, and in the late 12th century became home to the fledgling University of Oxford. The city was besieged during The Anarchy in 1142. The university rose to domina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rhodes Scholar
The Rhodes Scholarship is an international postgraduate award for students to study at the University of Oxford, in the United Kingdom. Established in 1902, it is the oldest graduate scholarship in the world. It is considered among the world's most prestigious international scholarship programs. Its founder, Cecil John Rhodes, wanted to promote unity among English-speaking nations and instill a sense of civic-minded leadership and moral fortitude in future leaders, irrespective of their chosen career paths. Initially restricted to male applicants from countries that are today within the Commonwealth, Germany and the United States, the scholarship is now open to applicants from all backgrounds and genders around the world. Since its creation, controversy has surrounded its initial exclusion of women, its historical failure to select black Africans, and Cecil Rhodes's own standing as a British imperialist. Rhodes Scholars have achieved distinction as politicians, academics, sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Washington State College
Washington State University (Washington State, WSU, or informally Wazzu) is a public land-grant research university with its flagship, and oldest, campus in Pullman, Washington. Founded in 1890, WSU is also one of the oldest land-grant universities in the American West. With an undergraduate enrollment of 24,278 and a total enrollment of 28,581, it is the second largest institution for higher education in Washington state behind the University of Washington. It is classified among "R1: Doctoral Universities – Very high research activity". The WSU Pullman campus stands on a hill and is characterized by open spaces and a red brick and basalt material palette—materials originally found on site. The university sits within the rolling topography of the Palouse in rural eastern Washington and remains closely connected to the town and the region. The university also operates campuses across Washington at WSU Spokane, WSU Tri-Cities, and WSU Vancouver, all founded in 1989. In 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pullman, Washington
Pullman () is the largest city in Whitman County, located in southeastern Washington within the Palouse region of the Pacific Northwest. The population was 29,799 at the 2010 census, and estimated to be 34,506 in 2019. Originally founded as Three Forks, the city was renamed after industrialist George Pullman in 1884. Pullman is noted as a fertile agricultural area known for its many miles of rolling hills and the production of wheat and legumes. It is home to Washington State University, a public research land-grant university, and the international headquarters of Schweitzer Engineering Laboratories. Pullman is from Moscow, Idaho, home to the University of Idaho, and is served by the Pullman–Moscow Regional Airport. History In 1876, about five years after European-American settlers established Whitman County on November 29, 1871, Bolin Farr arrived in Pullman. He camped at the confluence of Dry Flat Creek and Missouri Flat Creek on the bank of the Palouse River. Within the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Axel Leijonhufvud
Axel Leijonhufvud (6 September 1933 – 2 May 2022) of the original. was a Swedish and professor at the (UCLA), and professor at the , |
Southern Economic Association
The Southern Economic Association (SEA) is a regional-based scholarly economic organization based at the University of Tennessee at Chattanooga. The SEA was founded in 1928. It is one of five general professional economic associations. For the SEA member characteristics (e.g. political affiliation, policy opinions) in relation to the other major economic associations see Klein et al. Publications Along with the University of North Carolina, Chapel Hill A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, th ..., it publishes the ''Southern Economic Journal''., The journal was started in 1933. References External links SEA Websitefor ''Southern Economic Journal'' Economics societies Organizations established in 1928 Wiley-Blackwell academic journals {{econ-org-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Laidler
David Ernest William Laidler (born 12 August 1938, North Shields, England) is an English/Canadian economist who has been one of the foremost scholars of monetarism. He published major economics journal articles on the topic in the late 1960s and early 1970s. His book, ''The Demand for Money'', was published in four editions from 1969 through 1993 (with slightly altered subtitles), initially setting forth the stability of the relationship between income and the demand for money and later taking into consideration the effects of legal, technological, and institutional changes on the demand for money. The book has been translated into French, Spanish, Italian, Japanese, and Chinese. His continued work on the demand for money through the 1990s and into the 21st century (with William B. P. Robson) led to his receiving the Donner Prize in 2004 for ''Two Percent Target: Canadian Monetary Policy Since 1991'', published by the C.D. Howe Institute, with which Laidler maintains a close wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Randall Wright
Randall D. Wright (born August 4, 1956) is a Canadian academic macroeconomist who advanced the fields of monetary economics and labor economics through his role in the development of matching theory. Biography Wright obtained a B.A. in Economics at the University of Manitoba in 1979 and a Ph.D. in Economics at the University of Minnesota in 1986. He was awarded an honorary M.A. by the University of Pennsylvania in 1990. His first position was as an assistant professor at Cornell from 1984 to 1987. He then moved to the University of Pennsylvania, where he became a full professor in 1994, later becoming the James Joo-Jin Kim Professor of Economics. In 2009, Wright accepted a position in the Economics Department at University of Wisconsin–Madison. He is at the same time the Ray B. Zemon Chair in Liquid Assets in the Wisconsin School of Business' Department of Finance, Investment and Banking. In addition to his academic position, Wright is a research associate at the Federal Re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
