This book describes the important contributions of several contemporary economic figures including recent Nobel Laureates. Describing their work and putting it into an historical perspective, these chapters explain how their work constitutes a major contribution to the discipline of economics and how it has broadened economic science.
Co-Editor of the Review of Political Economy, Steven Pressman has gathered together for the first time key chapters from the journal, discussing major figures such as Amartya Sen, Joseph Stiglitz, John Kenneth Galbraith, Thomas Schelling, Edmund Phelps and Robert Mundell. This volume is significant to the extent that it combines the study of the work of Nobel Laureates with the perspective of heterodox economists, including a comprehensive bibliography for the work of each economist covered.
Table of Contents
TABLE OF CONTENTS, 1. Leading Contemporary Economists: An Introduction to their Cutting-Edge Work, Steven Pressman, 2. The Economic Contributions of David M. Gordon, Heather Boushey and Steven Pressman, 3. The Economic Contributions of Hyman Minsky: Varieties of Capitalism and Institutional Reform, Dimitri Papadimitriou and L. Randall Wray, 4. The Economic Contributions of Amartya Sen, Steven Pressman and Gale Summerfield, 5. The Economic Contributions of Robert A. Mundell, Robert E. Prasch, 6. The ‘Rocket Science’ of Economics: The 2000 Nobel Prize Winners-- James J. Heckman and Daniel L. McFadden, Carolyn J. Heinrich and Jeffrey B. Wenger, 7. A Nobel Prize for Asymmetric Information: The Economic Contributions of George Akerlof, Michael Spence and Joseph Stiglitz, J. Barkley Rosser, Jr., 8. The Nobel Prize in Behavioral and Experimental Economics: A Contextual and Critical Appraisal of the Contributions of Daniel Kahneman and Vernon Smith, Morris Altman, 9. The Economic Contributions of Paul Sweezy, M. C. Howard and J. E. King, 10. Paradise Lost and Found? The Econometric Contributions of Clive W. J. Granger and Robert F. Engle, Peter Hans Matthews, 11. The Economic Contributions of John Kenneth Galbraith, Stephen P. Dunn and Steven Pressman, 12. Kydland and Prescott's Nobel Prize: The Methodology of Time Consistency and Real Business Cycle Models, James E. Hartley, 13. Aumann and Schelling: Two Approaches to Game Theory, Abu Rizvi, 14. On the Contributions of Barbara Bergmann to Economics, Paulette Olson, 15. Edmund Phelps and Modern Macroeconomics, Robert Dimand
Stephen Pressman is Professor of Economics and Finance at Monmouth University. He is the author of Fifty Major Economists (second edition. 2006) and co-editor of Women in the Age of Economic Transformation (1994) and A New Guide to Post-Keynesian Economics (2001) all published by Routledge.
'This is a book that proves that economics is not a dismal science' Michael Szenberg (Pace University, USA)