Charles W. Upton (born c. 1943) is an American economist. In 1974, Upton published together with

Merton H. Miller Merton Howard Miller (May 16, 1923 – June 3, 2000) was an American economist, and the co-author of the Modigliani–Miller theorem (1958), which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic ...

a textbook, ''Macroeconomics: A Neoclassical Introduction'' (), which is considered a landmark in modern macroeconomics. The book was the first to put the neoclassical growth model at center stage, and the first place that in print discussed what has later become known as Ricardian Equivalence. Written at the very dawn of the rational expectations–market-clearing revolution in macroeconomic theory, yet it provides a deeper understanding of those ideas than most contemporary texts. The textbook also makes a radical break with IS-LM model and proposes an operationalizable alternative. Like macroeconomic practice has evolved to 30 years later, much of the discussion in the book is built around a computer simulation model. The computer simulation model resembles a deterministic version of a simple business cycle model. Upton completed his undergraduate degree at Rice University and his Ph.D. at

Carnegie Mellon University Carnegie Mellon University (CMU) is a private research university in Pittsburgh, Pennsylvania. One of its predecessors was established in 1900 by Andrew Carnegie as the Carnegie Technical Schools; it became the Carnegie Institute of Technology ...

. He has held faculty positions at the University of Chicago, Rutgers University, and Kent State University. Upton is a great admirer of

Irving Fisher Irving Fisher (February 27, 1867 – April 29, 1947) was an American economist, statistician, inventor, eugenicist and progressive social campaigner. He was one of the earliest American neoclassical economists, though his later work on debt def ...

External links

Charles Upton's Homepage
Rice University alumni Tepper School of Business alumni University of Chicago faculty Rutgers University faculty Kent State University faculty 21st-century American economists 1940s births Living people {{US-economist-stub