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Several noted economists briefly pay tribute to recently deceased Keynesian economist Dudley Dillard.
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The Plenary Session of the EEA Meetings consisted of a roundtable discussion of the causes and implications of the stock market crash in the Fall of 1987. The four participants, Martin Feldstein, Franco Modigliani, Allen Sinai, and Robert Solow, spoke to a large audience of severarl hundred...
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Behavioral economists accept many of the premises of traditional economic thought: that situational outcomes are the result of individual decisions, taking place in a particular economic environment. But behavioral economists go a step further, arguing that the human action is shaped not only by...
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In the Federal Communications Commission, Ronald Coase exposed deep foundations via normative argument buttressed by astute historical observation. The government controlled scarce frequencies, issuing sharply limited use rights. Spillovers were said to be otherwise endemic. Coase saw that...
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