Still a week to go before the Prize in Economics is announced (the full title is The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel). My pick, as it has been for the last several years, would be Jagdish Bhagwati. Barkley Rosser at Econospeak also lists Bhagwati with Avinash Dixit as one of his likely possibilities. Thomson Reuters has some predictions. Hansen, Sargent, and Sims will likely get their day, but not yet--especially given that Phelps was the choice last year two years ago (how time flies). Alchian and Demsetz would also be a choice that I would happily support.
Get your picks in, the announcement will be on the morning of Monday, October 13.
Get your picks in, the announcement will be on the morning of Monday, October 13.
Roger Garrison - Auburn University.
No one has done better work explaining the economics of a Fed induced artificial boom -- and the inevitable financial crackup which follows it.
Garrison's _Time and Money_ is a landmark work helping macroeconomists to understand the role of the structure of production in the time structure of prices, and how this matters in understanding the most basic fault lines in macroeconomics over the last 150 years.