Archive for Wednesday, May 10, 2006
KU prof compiles economic insights
May 10, 2006
Advertisement
They curse. They dish on their colleagues. They give the inside scoop.
Insights from the world's top economists are revealed in an upcoming book, "Inside the Economist's Mind: The History of Modern Economic Thought, as Explained by Those Who Produced it."
"I was very surprised by the candor," said William Barnett, Oswald distinguished professor of macroeconomics at Kansas University, who co-edited the book with Nobel Laureate Paul Samuelson.
The book contains interviews with numerous Nobel laureates, including Robert Lucas, James Tobin and Milton Friedman, plus conversations with former Federal Reserve Board Chairman Paul Volcker and others.
The interviews were printed previously in the journal Macroeconomic Dynamics, which Barnett founded and edits. "I want the world's greatest economists to have the opportunity to speak their minds to their peers without intervention of the editor or the publisher," Barnett said, during an e-mail interview Tuesday.
Here's a preview: Friedman, who won the 1976 Nobel Prize for Economics, offered this regarding the "Great Inflation" in the 1970s:
"I had a session with Nixon sometime in 1970, I think it was 1970, might have been 1971, in which he wanted me to urge (Fed Chairman) Arthur (Burns) to increase the money supply more rapidly (laughter) and I said to the president, 'Do you really want to do that? The only effect of that will be to leave you with a larger inflation if you do get re-elected.' And he said, 'Well, we'll worry about that after we get re-elected.'
"Typical. So there's no doubt what Nixon's pleasure was."
The book is expected to be released in the fall.
.
More like this
- KU professor compiles economic insights August 12, 2006
- KU announces lecture, book-signing April 12, 2007
- Economist to discuss 'Conversations' book January 16, 2007
- Economics professor to lecture Tuesday April 20, 2007
- Nobel Prize-winning economist Friedman dies 1 comment / November 17, 2006
Top ads RSS
Marketplace
Arts & Entertainment · Bars · Theatres · Restaurants · Coffeehouses · Libraries · Antiques · Services
- Tax on cosmetic procedures could help fund health reform November 20, 2009 · 2 comments
- Blog: Palin Book Could Be Your Cheapest Source For Winter Fuel November 20, 2009 · 53 comments
- Blog: We Noticed November 19, 2009 · 114 comments
- Mangino denies validity of former player allegations November 19, 2009 · 157 comments
- Poll: Should a "Botax" be imposed on vanity procedures such as breast implants, face lifts, tummy tucks and Botox injections? November 19, 2009 · 32 comments
- Blog: Why Do People Repeat Falsehoods? November 20, 2009 · 43 comments
- Lawrence man charged in hit-and-run accident that killed bicyclist November 19, 2009 · 109 comments
- Former independent counsel praises Constitution in speech November 20, 2009 · 16 comments
- KU's Chancellor issues statement putting support behind Lew Perkins November 20, 2009 · 35 comments
- Muslim countries seek blasphemy ban November 20, 2009 · 23 comments
- Lawrence schools preparing for another round of budget cuts November 18, 2009
- KU's Chancellor issues statement putting support behind Lew Perkins November 20, 2009
- Farmers' Turnpike reopens after four months of construction November 20, 2009
- Resident hopes to start rickshaw business in downtown Lawrence, pending city approval November 19, 2009
- Obesity activist crossing country to urge American Indians to embrace healthier diet November 20, 2009
- Commission votes against including gender identity in Lawrence's anti-discrimination policy November 19, 2009
- Lawrence Arts Center names new executive director November 18, 2009
- KU student pushes button that demolishes a portion of the Kansas Turnpike bridge November 19, 2009
- New, legal, drug has law enforcement concerned — and it's already on a Lawrence store's shelves November 4, 2009
- Sexual healing: Dennis Dailey coaches couples with tough love at his intimacy workshop November 20, 2009
Post a comment
Requires free LJWorld.com registration. Register or log in below.
Read our full policy. Also, read about banned accounts and harassing comments.
Post a blog entry
You have to be logged in to blog on LJWorld.com. Please log in or sign up.
Learn more about blogging on LJWorld.com.