The Nobel Laureates : How the World's Greatest Economic Minds Shaped Modern Thought

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. Through The Lives And Works Of Nobel Prize-wining Economists, This Book Traces The Development Of Today's Economic Landscape - And Provides A Coherent, Nontechnical Description Of Modern Economic Thought.--jacket. The Rationalists And Individual Choice / George Stigler, Friedrich Von Hayek, Gary Becker, Herbert Simon -- Limits To Rationality And The Role Of Government / Kenneth Arrow, John Hicks, James Buchanan, Ronald Coase, Amartya Sen -- Measuring To Understand / Ragnar Frisch, Jan Tinbergen, Tjalling Koopmans, Leonid Kantorovich, Trygve Haavelmo -- When Cycles Become Depressions / Paul Samuelson, Milton Friedman, James Tobin, John Hicks, Robert Lucas, Franco Modigliani -- The Model Builders / Richard Stone, Gerard Debreu, Kenneth Arrow, Maurice Allais, Wassily Leontief, Lawrence Klein, Simon Kuznets. Economic Growth And Development / Robert Solow, Theodore Schultz, Arthur Lewis, Robert Fogel, Gunnar Myrdal -- Financing Growth-promoting Investments / Harry Markowitz, William Sharpe, James Tobin, Franco Modigliani, Paul Samuelson, Merton Miller, Robert Merton, Myron Scholes, Bertil Ohlin, James Meade, Robert Mundell, William Vickrey, James Mirrlees -- Society's Institutions: Their Origins And Potential For Change / John Nash, John Harsanyi, Reinhard Selten, Douglass North, Robert Fogel. By Marilu Hurt Mccarty. Includes Bibliographical References. In this text, the author, weaves the contributions of world-class economists with the historical circumstances that motivated them to provide an insight into modern economic thought. It then applies that insight to understanding the economic problems that face the 21st century Traces the development of modern economic thought and demonstrates how the theories of Nobel Prize-winning economists have significantly altered the economic structure.