"In contrast to Smith’s incomplete modeling, his follower, David Ricardo, provides a coherent setting— basically, the …"

"The different classes of models have a lot to learn from each other, but the goal of full integration has proven coun…"

"These ideas have implications not only for theoretical and econometric practices but also for the ways in which polic…"

"Yes, IS-LM simplifies things a lot, and can’t be taken as the final word. But it has done what good economic models a…"

"The IS-LM model appears to describe well the behavior of the economy in the short run. In particular, the effects of …"

"The biggest step I ever made was, I guess, the "Expectations and the Neutrality of Money" paper in 1972, in the sense…"

"An important addition to this classical doctrine of factor-price equalisation has been supplied by Professor Bertil O…"

"The construction of an economic model, or of any model or theory for that matter (or the writing of a novel, a short …"

"The long term solution to the financial crisis is to move beyond the ‘growth at all costs’ economic model to a model …"

"Unless the fundamental categories of economics such as ‘property’ were to be redefined in a radically personal way th…"