In this Econ Roots talk, Stefan meets up with Syracuse professor of Finance Roger Koppl. Roger has been a visiting faculty member in many fine institutions including Denmarks own Copenhagen Business School Professor Koppl is a past president of the Society for the Development of Austrian Economics and a former editor of Advances in Austrian Economics. Koppl’s research interests include the economic theory of experts, the theory of economic growth, complexity theory, and the production and distribution of knowledge in society. His work has been featured in many popular news outlets.
In today’s episode we challenge mainstream economics from some heterodox perspectives, particularly feminist economics. Professor Mieke particularly critiques neoclassical price theory, the interplay between policy-making and the public, and how we should teach these aspects.
We go on to talk about the issue of predicting of cost in extreme cases, such as climate change, as well as whether GDP captures welfare. We end the inspiring talk on issues related to family choice and cultural preferences.
References:
Anderson, E. (2012). Epistemic justice as a virtue of social institutions. Social Epistemology, 26(2), 163-173. https://doi.org/10.1080/02691728.2011.652211
Gornick, J. C., Meyers, M. K., Heymann, J., & Beem, C. (2004). Supporting a dual-earner/dual-carer society: Policy lessons from abroad. A Democracy that Works: The Public Dimensions of the Work and Family Debate.
The value of everything: Making and taking in the global economy. (2018). Mariana Mazzucato. https://www.sciencedirect.com/book/9780241188828/the-value-of-everything
The entrepreneurial state: Debunking public vs. private sector myths. (2013). Mariana Mazzucato. https://www.sciencedirect.com/book/9780857282521/the-entrepreneurial-state
The value of everything: Making and taking in the global economy. (2018). Mariana Mazzucato. https://www.sciencedirect.com/book/9780241188828/the-value-of-everything
The entrepreneurial state: Debunking public vs. private sector myths. (2013). Mariana Mazzucato. https://www.sciencedirect.com/book/9780857282521/the-entrepreneurial-state
What happens when two old friends meet at a conference and one of the them is an economic historian and the other is an economist who loves history?
Well, they start to talk shop and you are invited to listen along. Today’s conversation with Michael Douma, Associate Research Professor and Director of Georgetown Institute for the Study of Markets and Ethics, touches on a wide range of subjects of interest to our listeners, from the relevance of economic history to slave-owning Dutch New Yorkers.
References:
Burke, P. (n.d.). History and social theory.
Douma, M. J. (2018). Creative historical thinking. Routledge.
Douma, M. J. (2020). The liberal approach to the past. Cato Institute.
Douma, M. J., & Magness, P. W. (2017). What is classical liberal history?. Rowman & Littlefield.
The slow death of slavery in Dutch New York. (2024). Cambridge University Press.
Want to reveal partisanship? Try mentioning US Healthcare. Is there a more debated complex subject where actual knowledge is such a scarcity?
Helping us make sense of it all, we are joined by Michael F. Cannon, who is the Cato Institute’s director of health policy studies. His scholarship spans public health; regulation of providers and drugs; employer-sponsored and other private health insurance; federal programs like Medicare and Medicaid, medical malpractice litigation; administrative law, and finally, international health systems.
Cannon is “an influential health-care wonk,” according to the Washington Post, and Washingtonian magazine named Cannon one of Washington, DC’s “Most Influential People” in the last four years. He has appeared in too numerous to mention international news outlets.
We are also joined by Karsten Bo Larsen, head of research at CEPOS, to offer some Danish comparisons.
Recorded in June at CEPOS, Copenhagen.
References:
Cannon, M. F. (2023). Recovery: A Guide to Reforming the US Health Sector. Cato Institute.
Cannon, M. F., & Tanner, M. D. (2007). Healthy competition: What's holding back health care and
What is peace? Many are so blessed by it, we can take it for granted. However, peace is as, if not more, complex than conflict and war.
In this episode, we talk with one of the most prominent peace-economists;GMU’s Christopher Coyne. What does peace do? What does it look like? Is it even a binary construct?
After all, is a boxing match not an illustration of peaceful violence? Once you open up the construct of peace a whole world of intellectual inquiry follows, and here Professor Coyne is likely your best guide.
References:
Coyne, Christopher J. "After War: The Political Economy of Exporting Democracy." Stanford University Press, 2008.
Coyne, Christopher J. "Coyne - in search of monsters to destroy." Independent Review, vol. 13, no. 3, 2009, pp. 325-330.
Coyne, Christopher J. "Coyne - Perfecting Tyranny: Foreign Intervention and the Loss of Liberty at Home." The Review of Austrian Economics, vol. 20, no. 1, 2007, pp. 59-63.
Professor Muller is one of the most well-read and insightful thinkers on capitalism. In this episode, we talk about the phenomenon of capitalism, what it is, and why people misunderstand it. From here, our insightful talk moves on to the aspects of self-interest and pro-social behavior. We also talk about the tyranny of matrixes, conservative critiques of capitalism, and finally, Jews and their unique relation to commercial society.
Smith, A. (1776). An Inquiry into the Nature and Causes of the Wealth of Nations (Edwin Cannan, Ed.).
Smith, A. (1759). The Theory of Moral Sentiments (D.D. Raphael & A.L. Macfie, Eds.). Retrieved from
Muller, J. Z. (2018). The Tyranny of Metrics. Princeton University Press.
Muller, J. Z. (2010). Capitalism and the Jews. Princeton University Press.
Muller, J. Z. (2002). The Mind and the Market: Capitalism in Modern European Thought. Knopf.
Today marks a milestone in the history of EconRoots as a podcast. While we have already been blessed with guest appearances from some of the best economists in the field, today we have our first nobel laureate the esteemed Eric Stark Maskin. While we will deal with Maskin important contributions in a later ordinary episode, we are very thankful to Maskin and Copenhagen Business School for awarding us time together doing his spring 2023 visit.
Maskin is is an American economist and mathematician. He was jointly awarded the 2007 Nobel Memorial Prize in Economic Sciences with Leonid Hurwicz and Roger Myerson "for having laid the foundations of mechanism design theory".[3] He is the Adams University Professor and Professor of Economics and Mathematics at Harvard University.
In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
References:
Maskin E, Sen A. The Arrow Impossibility Theorem. Columbia University Press; 2014 pp. 168.
Economics model human behavior within the construct of rationality, but what is rational behavior? In this episode we meet Herbert Simon who shows that instrumental rationality is likely not as smart as bounded rationality, at least from a modeling point of view. He also shows that organizations matter for what is to be considered rational behavior. From here we move to Gary Becker the great proponent of the use of rational choice to almost all areas of the human experience, including the family and crime. We end wth Mirless who shows us that lack of information can lead to moral hazard even without opportunistic intent.
In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
References
Becker, Gary S. – Prize Lecture. NobelPrize.org. Nobel Prize Outreach AB 2023. Tue. 4 Jul 2023. https://www.nobelprize.org/prizes/economic-sciences/1992/becker/lecture/
Becker, Gary S. – Banquet speech. NobelPrize.org. Nobel Prize Outreach AB 2023. Tue. 4 Jul 2023. https://www.nobelprize.org/prizes/economic-sciences/1992/becker/speech/
Krueger, Anne O. “The Economics of Discrimination.” Journal of Political Economy, vol. 71, no. 5, 1963, pp. 481–86. JSTOR, http://www.jstor.org/stable/1829018.
Mirrlees, James A. – Prize Lecture. NobelPrize.org. Nobel Prize Outreach AB 2023. Tue. 4 Jul 2023. https://www.nobelprize.org/prizes/economic-sciences/1996/mirrlees/lecture/
Simon, Herbert A. – Prize Lecture. NobelPrize.org. Nobel Prize Outreach AB 2023. Tue. 4 Jul 2023. https://www.nobelprize.org/prizes/economic-sciences/1978/simon/lecture/
Gender issues in society and particularly feminist economics have gotten a lot of attention in recent times, but what exactly is it? Why is it needed and what is the relation to classical economic theory? Today we are joined by Professor Giandomenica Becchio who is the world leading expert in the history of these ideas. We also talk about how and why certain interesting contributors to economic theory became forgotten, mainly due to race, gender and ideology.
In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advise that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
References:
Becchio, G. (2021). A History of Feminist and Gender Economics. Routledge.
Show notes:
Today we tackle a key concept in economics, the idea of market equilibrium, both general and partial. A part of this talk also involves the role of information and that of regulation. We start with polymath Kenneth Joseph Arrow, a key figure in many economic insights. From him we move to a key Chicago school figure and funnyman, George Joseph Stigler. Finally, we star the French economist Gérard Debreu.
In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
References
Kenneth J. Arrow – Prize Lecture. NobelPrize.org. Nobel Prize Outreach AB 2023. Mon. 3 Jul 2023. https://www.nobelprize.org/prizes/economic-sciences/1972/arrow/lecture/
Kenneth J. Arrow, Social Choice and Individual Values. Yale University Press, 2012. JSTOR, http://www.jstor.org/stable/j.ctt1nqb90.
Kenneth J. Arrow; Gerard Debreu. Existence of an Equilibrium for a Competitive Economy. Econometrica, Vol. 22, No. 3. (Jul., 1954), pp. 265-290.
Gerard Debreu – Prize Lecture. NobelPrize.org. Nobel Prize Outreach AB 2023. Mon. 3 Jul 2023. https://www.nobelprize.org/prizes/economic-sciences/1983/debreu/lecture/
George J. Stigler – Prize Lecture. NobelPrize.org. Nobel Prize Outreach AB 2023. Mon. 3 Jul 2023. https://www.nobelprize.org/prizes/economic-sciences/1982/stigler/lecture/
George J. Stigler – Banquet speech. NobelPrize.org. Nobel Prize Outreach AB 2023. Mon. 3 Jul 2023. https://www.nobelprize.org/prizes/economic-sciences/1982/stigler/speech/
George J. Stigler. (2003). Memoirs of an Unregulated Economist. Bibliovault OAI Repository, the University of Chicago Press.
George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
Today’s episode was recorded in October 2022 at the Market and Society conference. Our honoured guest is Dr. Erwin Dekker. Dr. Dekker is a historian and economist working at the the intersection of culture and economics. He has worked for almost a decade in the department of cultural economics at Erasmus University Rotterdam and Is currently Senior Research Fellow at the Mercatus Center at George Mason University. Dr. Dekker recently put out an impressive biography on Noble Laurette Jan Tinbergen. We highly recommend you pick that up, and today’s talk will give you a good idea why.
In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
References:
Dekker, E. (2021). Jan Tinbergen (1903–1994) and the Rise of Economic Expertise. Cambridge University Press.
A large part of the economy is the labor market. Not only is it, along with capital, the standard input in simple production functions, it is also a whole beast of it’s own. Just like capital is not just capital, likewise labor is also heterogenous and have unique and important issues relating to matching jobs with skills and people and time; this is what economist call search frictions. In today’s episode we discuss the 2010 prize awarded to Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides "for their analysis of markets with search frictions". We might also offer up some dating advice based on the insights.
In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
References:
Links to Nobel lectures and banquet speeches:
https://www.nobelprize.org/prizes/economic-sciences/2010/diamond/lecture/
https://www.nobelprize.org/prizes/economic-sciences/2010/mortensen/facts/
https://www.nobelprize.org/prizes/economic-sciences/2010/pissarides/facts/
Berlingske article on dating
https://www.berlingske.dk/aok/oekonomisk-teori-kan-udpege-de-faldgruber-singler-boer-undgaa-og-forklare
CBS Podcast: The economics of love
https://cbswire.dk/the-economics-of-love/
Today’s episode was recorded in October 2022 at the Market and Society conference. Our honored guest is a premier Austrian school economist Professor Peter Boettke. He is widely published and has been instrumental in promoting modern Austrian economics across campuses in the US and globally. He is currently a professor of economics and philosophy at George Mason University; the BB&T Professor for the Study of Capitalism, vice president for research, and director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center also at GMU. Professor Boettke is not only a very insightful academic, but he is also a prolific teacher, former successful basketball coach and a great writer. We highly recommend you pick up his book: Living Economics. We are very thankful for his time.
In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
References:
Boettke, P. J. (2012). Living economics. Oakland, CA: Independent
Institute.
Friedman, M., Friedman, R. D., & Friedman, R. D. (1990). Free to choose. Free to Choose Enterprise.
Friedman, M. (2016). 61. Capitalism and Freedom. In Democracy (pp. 344-349). Columbia University Press.
MacLean, N. (2018). Democracy in chains: The deep history of the radical right's stealth plan for America. Penguin.
As economics grew into its own as a scientific discipline, two questions became pressing. 1) How to deal with empirical data, particular separating cause and effect, 2) how to give good and predictive policy advice. A large part of the answer came in the form of econometrics. A distinct form of applied science mixing economic theory with statistics and math. In today’s episode we talk about three laurates that spearheaded econometrics Ragnar Anton Kittil Frisch who invented the term and has another prize named after him. Jan Tinbergen who’s work in dynamic models, statistical identification and macro-economic modeling earned him a place among the most influential first generations econometricians. Finally, we will talk about Wassily Wassilyevich Leontief, who pioneered input-output analysis and sector analysis. This episode is also unique as it features only Europeans – a rare thing indeed in modern economics.
In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
References:
Sløk-Madsen, S. K. (2022). Danish Capitalism in the 20th Century: A Business History of an Innovistic Mixed Economy. Springer Nature.
Dekker, E. (2021). Jan Tinbergen (1903–1994) and the Rise of Economic Expertise. Cambridge University Press.
Link Ragnar Frisch (Banquet speech and lectures)
https://www.nobelprize.org/prizes/economic-sciences/1969/frisch/facts/rg)
Link Jan Tinbergen (Banquet speech and lectures)
https://www.nobelprize.org/prizes/economic-sciences/1969/tinbergen/lecture/rg)
Link Wassily Wassilyevich Leontief (Banquet speech and lectures)
https://www.nobelprize.org/prizes/economic-sciences/1973/leontief/speech/
Why do some countries experience growth, while others don’t? The answer is that countries are not ordered in the same way, or as an economist would say; their institutional arrangements differ, and that leads to different outcomes. This in not just a theoretical point, it is in fact highly empirically observable. In today’s episode we will meet three laurates that made just such observations; Simon Smith Kuznets who are not just famous for two curves, but also for spearheading the creation of essential empirical data, such a national income accounts. Theodore Schultz, an agricultural economist who showed why human capital matters, and finally Douglas North. The first historian to win the price, and a person that teaches us to take time seriously.
References:
Kuznets, S.S. (1971), Price Lecture, [lecture transcript]. Retrieved from:www.nobelprize.org/prizes/economic-sciences/1971/kuznets/lecture/
Kuznets, S.S. (1971). Banquet speech [Speech transcript]. Retrieved from: https://www.nobelprize.org/prizes/economic-sciences/1971/kuznets/speech/
Schultz, T. (1979), Price Lecture, [lecture transcript]. Retrieved from:www.nobelprize.org/prizes/economic-sciences/1979/schultz/lecture/
Schultz, T. (1979). Banquet speech [Speech transcript] Retrieved from: www.nobelprize.org/prizes/economic-sciences/1979/schultz/speech/
North, D.C. (1993), Price Lecture, [lecture transcript]. Retrieved from:www.nobelprize.org/prizes/economic-sciences/1993/north/lecture/
North, D.C. (1993) Banquet speech [Speech transcript]. Retrieved from:www.nobelprize.org/prizes/economic-sciences/1993/north/speech/
North D. (1991) Institutions; Journal of Economic Perspectives. Vol. 5, No. 1 (Winter, 1991), pp. 97-112.
North, D.C. (1993), Interview. Retrieved from: www.nobelprize.org/prizes/economic-sciences/1993/north/interview/
Welcome to EconRoots. A podcast on the history of Economic Thought brought to you by CEPOS and your host Stefan Sløk-Madsen. As a bonus to our regular seasons we aim to bring you exciting interviews with relevant and stimulating economists and scholars within or related to the field of economics. We call these, EconRoots talk.
In today’s talk recorded at the APEE conference 2022 in Las Vegas, we are honored to be joined by Michael C. Munger, Professor of Political Science, and Director of the PPE Certificate Program at Duke University. Professor Munger has made tremendous research contributions within the functioning of markets, regulation, and government institutions. He has taught at Dartmouth College, University of Texas, and University of North Carolina, as well as working as a staff economist at the Federal Trade Commission during the Reagan Administration. He is a past President of the Public Choice Society, an international academic society of political scientists and economists with members in 16 countries. He was North American Editor of the journal Public Choice for five years, and is now a Co-Editor of The Independent Review. Dr. Munger has had a profound influence on many young economists today. However today we are here to talk about this Phd supervisor and nobel prize recipient, Douglas C North and the importance of institutions and how they change.
References
Hinich, M. J., & Munger, M. C. (1996). Ideology and the theory of political choice. University of Michigan Press.
Munger, M. C. (2020). Ideology and the Direction of Causation in the Acquisition and Maintenance of Shared Belief Systems. Kyklos, 73(3), 392-409.
North, D. C. (1994). Economic performance through time. The American economic review, 84(3), 359-368.
The economist Tyler Cowen has argued that growth should be a stubborn attachment for economists. In today’s episode you will get an idea of why. We start with Solow who’s exogenous growth model is highly famous. From him we learn the power of ideas and how they spread to create growth and property from Romer, and finally the inventor of the carbon tax Nordhaus. This is an exciting episode indeed, and full of great reasons why growth matters, we also talk about the coolest wedding an economist can imagine, chartered cities and why light is more important than you might think.
References:
Jones, C. I. (2019). Paul Romer: Ideas, nonrivalry, and endogenous growth. The Scandinavian Journal of Economics, 121(3), 859-883
Nordhaus, William D. 1997. "Do Real Output and Real Wage Measures Capture Reality? The History of Light Suggests Not." The Economics of New Goods. Edited by Robert J. Gordon and Timothy F. Bresnahan. University of Chicago Press for the National Bureau of Economic Research. 27–70.
Nordhaus prize lecture: https://www.nobelprize.org/prizes/economic-sciences/2018/nordhaus/lecture/
Nordhaus banquet speech: https://www.nobelprize.org/prizes/economic-sciences/2018/nordhaus/speech/
Romer prize lecture: https://www.nobelprize.org/prizes/economic-sciences/2018/romer/lecture/
Solow prize lecture: https://www.nobelprize.org/prizes/economic-sciences/1987/solow/lecture/
Solow banquet speech: https://www.nobelprize.org/prizes/economic-sciences/1987/solow/speech/
Solow 1957 Technical Change and the Aggregate Production Function
Welcome to EconRoots. A podcast on the history of Economic Thought brought to you by CEPOS and your host Stefan Sløk-Madsen. As a bonus to our regular seasons we aim to bring you exciting interviews with relevant and stimulating economists and scholars within or related to the field of economics. We call these, Econ Roots talk.
In today’s talk recorded at the APEE conference 2022 in Las Vegas, we are honored to be joined by Dr. Siri A. Terjesen who is Associate Dean and Phil Smith Professor of Entrepreneurship at Florida Atlantic University, and Professor at the Norwegian School of Economics in Bergen, Norway. Dr. Terjesen is a nationally recognized expert within several fields, and e very gifted teacher. In todays talk we ask her what, if anything, the history of economic thought and the economic classics can teach business school students? We also take this much treasured opportunity to talk about gender diversity in boardrooms – a topic Dr. Terjesen knows intimately well and has published important research on. Full disclosure, Dr. Terjesen served on Stefans Phd committee, and was a hard but fair evaluator.
References
Examples of Siri’s research:
Women directors on corporate boards: A review and research agenda
S Terjesen, R Sealy, V Singh, Corporate governance: an international review 17 (3), 320-337
S Terjesen, EB Couto, PM Francisco, Journal of Management & Governance 20 (3), 447-483
Female presence on corporate boards: A multi-country study of environmental context
S Terjesen, V Singh, Journal of business ethics 83 (1), 55-63
Board diversity: Moving the field forward
RB Adams, J de Haan, S Terjesen, H van Ees, Corporate Governance: An International Review 23 (2), 77-82
Trade is like the air, if it wasn’t there, we would die. But most don’t think much about it. Well, thank the good creator we have economists, because some of those do think about it. In this episode we explain trade theory by recapping the old greats Adam Smith and David Ricardo. Before moving into the joint recipient in 1977, Bertil Gotthard Ohlin and James Meade. From here we talk about Paul Robin Krugman, today more generally known for punditry, his contribution to new trade theory and economic geometry was well deserved of his 2008 prize. Particularly Meade and and Krugman are in different ways funny to read. We end the episode with a more general talk on the importance of trade.
In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Price in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel price is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
References:
Bertil Gotthard Ohlin Prize Lecture (1977): https://www.nobelprize.org/prizes/economic-sciences/1977/ohlin/lecture/
James Meade Banquet Speech (1977): https://www.nobelprize.org/prizes/economic-sciences/1977/meade/speech/
James Meade Prize Lecture (1977): https://www.nobelprize.org/prizes/economic-sciences/1977/meade/lecture/
Paul Robin Krugman Banquet Speech (2008): www.nobelprize.org/prizes/economic-sciences/2008/krugman/speech/
Paul Robin Krugman Prize Lecture (2008): www.nobelprize.org/prizes/economic-sciences/2008/krugman/lecture/
We finish our macro theme for now, with some interesting modern perspectives. Both some important discussion about the need for, and the purpose of, economic modeling; Thomas John Sargant and Christopher A. Sims will take us there. They got the prize jointly in 2011, and disagree on some important points. We start with Robert Mundell – cheeky called the father of the Euro - who got the prize in 1999, whose ideas might be scaringly more relevant these days.
In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
References
1971 Princeton tract The dollar and the policy mix is credited with founding supply-side economics (Bartlett 1971, p 101).
Macroeconomic Features of the French Revolution, jpurnal of political economy
Video: https://www.facebook.com/watch/?v=627150095324225
Thomas J. Sargent Banquet Speech (2011): https://www.nobelprize.org/prizes/economic-sciences/2011/sargent/speech/
Thomas J. Sargent Prize Lecture (2011): https://www.nobelprize.org/prizes/economic-sciences/2011/sargent/lecture/
Christopher A. Sims Prize Lecture (2011): https://www.nobelprize.org/prizes/economic-sciences/2011/sims/lecture/
Robert Mundell Banquet Speech (1999): https://www.nobelprize.org/prizes/economic-sciences/1999/mundell/speech/
Robert Mundell Prize Presentation (1999): https://www.nobelprize.org/prizes/economic-sciences/1999/mundell/lecture/
