From the end of World War I through the early years of the Cold War, international organizations such as the League of Nations, International Labor Organization, the Bank for International Settlements, and the United Nations had a major influence on policies adopted among member nations. This book surveys ideas produced by those organizations on such vital matters as the international business cycle; trade policy; social policy; public expenditure; taxation and government investment activity; money and exchange rate management; wage setting and full employment and the rich country-poor...

Focusing on the period of Milton Friedman's collaboration with Anna J. Schwartz, from 1948 to 1991, this work examines the history of debates between Friedman and his critics over money's causal role in business cycles. Professor Hammond shows that critics' reactions were grounded in two distinctive features of Friedman and Schwartz's way of doing economic analysis--their National Bureau business cycle methods and Friedman's Marshallian methodology. Drawing extensively on unpublished materials, Professor Hammond's treatment offers new insights on Milton Friedman's attempts to settle debates...

In the 1830s, the "new science of law" aimed to explain the working rules of human society by using the methodologically individual terms of economic discourse. Practitioners were inclined to admit altruistic values, bounded rationality, and institutional inertia into their research programs. This positive analysis of law tended to push normative discussions up from the level of specific laws to society's political organization. Late-twentieth-century institutional economics is currently developing greater resemblances to this now-forgotten new science.

This book presents a historical investigation of the theoretical development of contemporary Equilibrium Business Cycle Theory (EBCT). The author examines the central features of the EBCT by tracing both the history of business cycle theory and the history of econometrics. These historical analyses make clear two cental principles of the EBCT: its optimization foundation and its economic strategy. Following along these lines, the author argues that the EBCT succeeds the tradition of the Austrian cycle theory that attempted to incorporate the cycle with classical equilibrium doctrine. He...

In this volume leading scholars look at the heritage and impact of the important work done by the Stockholm School from the 1920s to the present. The first part of The Stockholm School of Economics Revisited covers the early years, followed by an extensive review of the approaches to economics adopted by the school. A number of contributors investigate the relation and impact of the Stockholm School on their own work, the work of other economists, and the approaches pursued at other schools. A final roundtable discussion delves into the question of "What remains of the Stockholm School?." A...

Inspired by recent developments in science studies, Professor Sent offers an innovative type of analysis of the recent history of rational expectations economics. In the course of exploring the multiple dimensions of rational expectations analysis, she focuses on the work of Thomas Sargent, an instrumental pioneer in the development of this school of thought. The treatment aims to illuminate some of the shifting negotiations and alliances that characterize the rise and shift of direction in rational expectations economics.

In this book, Professors Goodwin and Nacht present the only examination to date on the burgeoning American interest in overseas study. Attempting to lead the reader into and through this broad field, the authors investigate the numerous foreign study policies and programs. In addition to describing many of the innovative programs across the country, they explain why students go abroad, how they go, and the ways in which they benefit from this experience.

In popular imagery, Herbert Hoover is often stereotyped as a 'do-nothing' president who offered only nineteenth-century slogans for the greatest economic catastrophe in twentieth-century American history. Nothing could be further from the truth. This study examines the properties of an innovative approach to economic growth and stability formulated by Hoover and his associates during his years as secretary of commerce (1921 9) and inspects his deployment of this strategy from the White House following the Great Crash in the autumn of 1929. Attention is then focused on Hoover's attempts to...

In this volume leading scholars look at the heritage and impact of the important work done by the Stockholm School from the 1920s to the present. The first part of The Stockholm School of Economics Revisited covers the early years, followed by an extensive review of the approaches to economics adopted by the school. A number of contributors investigate the relation and impact of the Stockholm School on their own work, the work of other economists, and the approaches pursued at other schools. A final roundtable discussion delves into the question of "What remains of the Stockholm School?." A...

The History of Econometric Ideas covers the period from the late nineteenth century to the middle of the twentieth century, illustrating how economists first learned to harness statistical methods to measure and test the "laws" of economics. Though scholarly, Dr. Morgan's book is very accessible; it does not require a high level of prior statistical knowledge, and will be of interest to practicing statisticians and economists.