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The Nobel Laureates: How the World's Greatest Economic Minds Shaped Modern Thought By Marilu Hurt McCarty
Publisher: McGraw-Hill Companies 2000 | 397 Pages | ISBN: 0071356142 | 1.8 MB
Paul Samuelson. Milton Friedman. William Sharpe. These are just a few of the elite group of Nobel Laureates who represent innovative economic thought. In The Nobel Laureates, Marilu Hurt McCarty interlaces the extraordinary contributions of these world-class economists with the historical circumstances that motivated them, providing fascinating insight into modern economic thought. More than a chronological sketch of economic developments in the last half of the 20th century, readers will find a thorough examination and explanation of: Limits to rationality, market failure, and the role of government. Financing growth-promoting investments. Reducing risk in a zero-sum game.