Frontiers of Economics

Nobel Laureates of the Twentieth Century

Abu N. Wahid

• Publisher: Greenwood
• Year: 2002
• Print ISBN: 9780313320736
• eBook ISBN: 9780313017049
• Edition: 1
• Topic: Economics
• Subtopic: Economic Theory
• Index: Economics

Economics Nobel laureates are the pioneers of the science of economics. They are the most brilliant products of the discipline and have made enormous original contributions to the field of economics, and oftentimes history, political science, business, and other subjects. Their works, struggles, successes and failures are fascinating, and readers are given a glimpse into each laureate's life, where and when they were born and raised, what schools they attended, and who influenced their intellectual development. Most importantly, each laureate's often complex corpus of work is described as succinctly as possible without losing the work's original flavor: what it contributed to the field, and how it was received by peers, and how it affected the world. A list of selected further readings concludes each entry, directing the reader to the primary and secondary works essential to understanding the works of these towering figures. Arranged chronologically by year of award, all 44 entries cogently explain the laureate's life's work in language even non-economists can follow. Economists interested in the intellectual history of their discipline, and professors and students of business will find Wahid's book a very useful resource when seeking out the basic outlines of the thoughts of the scholars who have shaped the fields of economic inquiry, practice, and research. Also, any student in the social sciences thumbing through this book will instantly recognize many currents of thought that have influenced the way scholars in their discipline approach their craft.

Table of contents

• Contents
• Preface
• About the Editor and Contributors
• The Economics Nobel Prize at a Glance (1969–1999)
• 1. The Nobel Prize in Economics: A Brief Overview
• 2. Ragnar Frisch (1895–1973): A Founding Father of Econometrics and a Laureate of 1969
• 3. Jan Tinbergen (1903–1994): Who Integrated Physics, Mathematics, Statistics, and Economics and Was a Laureate of 1969
• 4. Paul Samuelson (1915-): An Economist’s Economist and the Laureate of 1970
• 5. Simon Kuznets (1901–1985): An Originator of the National Income Accounting Method and the Laureate of 1971
• 6. Kenneth Arrow (1921-): The Father of the Arrow’s Impossibility Theorem and a Laureate of 1972
• 7. John Hicks (1904–1989): An Architect of the Famous IS-LM Framework and a Laureate of 1972
• 8. Wassily Leontief (1906–1999): The Founder of Input-Output Analysis and the Laureate of 1973
• 9. Friedrich Hayek (1899–1992): Who Combined Psychology, Physiology, Philosophy, and Economics and Was a Laureate of 1974
• 10. Gunnar Myrdal (1898–1987): An Economist, a Social Thinker, a Politician, and a Laureate of 1974
• 11. Leonid Kantorovich (1912–1986): A Pioneer of the Theory of Optimum Resource Allocation and a Laureate of 1975
• 12. Tjalling Koopmans (1910–1985): The Originator of Activity Analysis and a Laureate of 1975
• 13. Milton Friedman (1912-): The Leader of the Monetarist School of Thought and the Laureate of 1976
• 14. James Meade (1907–1995): A Pioneer of the Theory of the Second Best and a Laureate of 1977
• 15. Bertil Ohlin (1899–1979): A Co-founder of the Celebrated Heckscher-Ohlin Theorem of Factor Endowment and a Laureate of 1977
• 16. Herbert Simon (1916–2001): One of the Most Versatile Talents of the Twentieth Century and the Laureate of 1978
• 17. Arthur Lewis (1915–1991): The Founder of the Theory of Unlimited Supplies of Labor and a Laureate of 1979
• 18. Theodore Schultz (1902–1998): An Expert on Agricultural Economics and Human Capital Theories and a Laureate of 1979
• 19. Lawrence Klein (1920-): A Giant of Econometric Modeling and the Laureate of 1980
• 20. James Tobin (1918-): An Architect of the Portfolio Selection Theory and the Laureate of 1981
• 21. George Stigler (1911–1991): An Authority on the Economics of Regulations and Industrial Organization and the Laureate of 1982
• 22. Gerard Debreu (1921-): A Brilliant Mathematician and a Frontiersman of the Theory of the Existence of Equilibrium and the Laureate of 1983
• 23. Richard Stone (1913–1991): A Specialist of the Consumer Demand Theories and Empirical Modeling and the Laureate of 1984
• 24. Franco Modigliani (1918-): A Founder of the Life Cycle Hypothesis and the Laureate of 1985
• 25. James Buchanan (1919-): A Pioneer of Public Economics and the Laureate of 1986
• 26. Robert Solow (1924-): A Founder of the Modern Growth Theories and the Laureate of 1987
• 27. Maurice Allais (1911-): An Applied Microtheorist and the Laureate of 1988
• 28. Trygve Haavelmo (1911–1999): A Founder of the Simultaneous Equations System and the Laureate of 1989
• 29. Harry Markowitz (1927-): A Founding Father of the Modern Portfolio Theory and a Laureate of 1990
• 30. Merton Miller (1923–2000): A Guru of Corporate Finance and a Laureate of 1990
• 31. William Sharpe (1934-): A Founder of the Capital Asset Pricing Model (CAPM) and a Laureate of 1990
• 32. Ronald Coase (1910-): A Pioneer of the Economics of Property Rights and the Economics of Law and the Laureate of 1991
• 33. Gary Becker (1930-): A Champion of the Economics of Household, Marriage, and Divorce and the Laureate of 1992
• 34. Robert Fogel (1926-): An Originator of “Cliometrics” and a Laureate of 1993
• 35. Douglass North (1920-): A Pioneer of the Economics of Institutions and a Laureate of 1993
• 36. John Harsanyi (1920–2000): A Master of Rational Behavior and Bargaining in Games and a Laureate of 1994
• 37. John Nash (1928-): A Discoverer of the Nash Equilibrium and a Laureate of 1994
• 38. Reinhard Selten (1930-): Who Refines the Concept of Equilibrium and Is a Laureate of 1994
• 39. Robert Lucas Jr. (1937-): A Pioneer of the New Classical School of Thought and the Laureate of 1995
• 40. James Mirrlees (1936-): An Authority on Information Economics and a Laureate of 1996
• 41. William Vickrey (1914–1996): An Expert on Moral Hazard and Adverse Selection and a Laureate of 1996
• 42. Robert Merton (1944-): A Solver of the Option Pricing Model and a Laureate of 1997
• 43. Myron Scholes (1941-): An Applied Financial Economist and a Laureate of 1997
• 44. Amartya Sen (1933-): A Champion of Welfare Economics and Poverty Studies and the Laureate of 1998
• 45. Robert Mundell (1932-): Who Offers Consensual Frameworks for Continuing Controversies and Is the Laureate of 1999
• Index