By Julio Segura, Carlos Rodriguez Braun
An Eponymous Dictionary of Economics is an interesting and obtainable reference paintings with complete insurance of the sphere of economics from Adam Smith’s challenge via Minkowski’s Theorem to Zellner’s Estimator. Eponymy - the perform of affixing the identify of the scientist to all or a part of what he/she has discovered - has many fascinating beneficial properties yet just a only a few makes an attempt were made to take on the topic lexicographically in technological know-how and paintings. this can be the 1st eponymous dictionary of economics ever released in any language. There are hundreds of thousands of eponyms and the common economist shall be familiar with, not to mention be capable to grasp, a comparatively limited variety of them. The Dictionary fills this void in a possible quantity that describes all correct fiscal eponyms. a few infrequent yet fascinating eponyms also are incorporated, many entries are cross-referenced and all have a succinct bibliography for additional examining. Julio Segura and Carlos Rodríguez Braun have assembled a distinct Dictionary that may be a useful and lots more and plenty welcomed reference booklet for monetary reporters, economists and fiscal students in any respect degrees of academe, and in all parts of economics and its linked fields.
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An Eponymous Dictionary of Economics is an engaging and available reference paintings with complete assurance of the sphere of economics from Adam Smith’s challenge via Minkowski’s Theorem to Zellner’s Estimator. Eponymy - the perform of affixing the identify of the scientist to all or a part of what he/she has discovered - has many fascinating positive aspects yet just a only a few makes an attempt were made to take on the topic lexicographically in technology and paintings.
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Extra info for An eponymous dictionary of economics: a guide to laws and theorems named after economists
At Yale University, graduated at MIT in 1966 and obtained an assistant professorship at University of California at Berkeley. In his first year at Berkeley he wrote the ‘Market for “lemons” ’, the work for which he was cited for the Nobel Prize that he obtained in 2001 (jointly with A. Michael Spence and Joseph E. Stiglitz). His main research interest has been (and still is) the consequences for macroeconomic problems of different microeconomic structures such as asymmetric information or staggered contracts.
He did not discuss the reasons why some alternatives are on the table, and others are not, at the time a social decision must be taken. He did not provide a general framework where the possibility of using cardinal information and of performing interpersonal comparisons of utility could be explicitly discussed. These were routes that later authors were to take. But his impossibility theorem, in all its specificity, provided a new way to analyze normative issues and established a research program for generations.
5. In some ways Tobin’s model (1956) is an extension and generalization of Baumol’s to the case in which transactions can take only integral values. Tobin demonstrates that cash withdrawals must be evenly distributed throughout the period (an assumption in Baumol’s model) and discusses corner solutions in which, for example, optimal initial investment could be nil. Moreover, Tobin’s model allows him to discuss issues related to the transactions velocity of money and to conclude that the interest elasticity of transactions demand for cash depends on the rate of interest, but it is not a constant.
An eponymous dictionary of economics: a guide to laws and theorems named after economists by Julio Segura, Carlos Rodriguez Braun