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Searching... | 30000010251642 | HD53 K37 2010 | Open Access Book | Book | Searching... |
Searching... | 30000010296757 | HD53 K37 2010 | Open Access Book | Book | Searching... |
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Summary
Summary
There is arguably no award more recognized in the academic and professional worlds than the Nobel Prize. The public pays attention to the prizes in the fields of economics, literature, and peace because their recipients are identified with particular ideas, concepts, or actions that often resonate with or sometimes surprise a global audience. The Nobel Prize in Economic Science established by the Bank of Sweden in 1969 has been granted to 64 individuals. Thomas Karier explores the core ideas of the economic theorists whose work led to their being awarded the Nobel in its first forty years. He also discusses the assumptions and values that underlie their economic theories, revealing different and controversial features of the content and methods of the discipline. The Nobelists include Keynesians, monetarists, financial economists, behaviorists, historians, statisticians, mathematicians, game theorists, and other innovators.
Reviews 1
Choice Review
Recent works have provided a new introduction to the economics Nobel laureates (Howard Vane and Chris Mulhearn, The Nobel Memorial Laureates in Economics, CH, Mar'06, 43-4157) and also conversations with some of them (Karen Ilse Horn, Roads to Wisdom, Conversations with Ten Nobel Laureates in Economics, 2009). Karier (Eastern Washington Univ.) covers some of the same ground as Vane and Mulhearn, but his purpose is more ambitious. Ultimately, he wishes to assess whether the Nobel Memorial economics prize accomplishes the same thing for economics that it does for the science prizes originally created by Alfred Nobel. His answer is that it could but often has not. To get to that argument, Karier groups the economics Nobel laureates into schools of thought based on their contributions to the discipline (Chicago, Keynesian, etc.); applied areas (finance, economic history, institutional analysis); or methodological approaches (game theory, econometrics, micro, and philosophy). The 2010 laureates, not included, would add another applied area--labor economics. While one may or may not agree with Karier's ultimate argument, his book is a good general introduction to the state of economics over the past 40 years. Summing Up: Recommended. General readers; all levels of students; researchers and professionals. R. B. Emmett James Madison College, Michigan State University
Table of Contents
Preface | p. ix |
Economic Nobel Laureates | p. xi |
1 An Economic Prize | p. 1 |
2 Free-Market Economics | p. 14 |
3 Micro: The Chicago School | p. 34 |
4 Stock Market Casino | p. 58 |
5 More Micro | p. 73 |
6 Behaviorists | p. 93 |
7 Keynesians | p. 125 |
8 Classical Revival | p. 155 |
9 Inventors | p. 172 |
1 Game Geeks | p. 193 |
11 General Equilibrium | p. 221 |
12 A World View | p. 236 |
13 Numbers Guys | p. 260 |
14 History and Institutions | p. 283 |
15 Reshaping the Prize | p. 300 |
Notes | p. 307 |
Index | p. 347 |