James Tobin was an American economist who served on the Council of Economic Advisers and the Board of Governors of the Federal Reserve System, and taught at Harvard and Yale Universities. He developed the ideas of Keynesian economics, and advocated government intervention to stabilize output and avoid recessions. His academic work included pioneering contributions to the study of investment, monetary and fiscal policy and financial markets. He also proposed an econometric model for censored dependent variables, the well-known Tobit model. Along with fellow Neo-Keynesian economist James Meade in 1977, Tobin proposed nominal GDP targeting as a monetary policy rule in 1980. Tobin received the Nobel Memorial Prize in Economic Sciences in 1981 for "creative and extensive work on the analysis of financial markets and their relations to expenditure decisions, employment, production and prices."
John Kenneth Galbraith, also known as Ken Galbraith, was a Canadian-born economist, public official, and diplomat, and a leading proponent of 20th-century American liberalism. His books on economic topics were bestsellers from the 1950s through the 2000s, during which time Galbraith fulfilled the role of public intellectual. As an economist, he leaned toward post-Keynesian economics from an institutionalist perspective.
Lawrence Henry Summers is an American economist, former Vice President of Development Economics and Chief Economist of the World Bank (1991–93), senior U.S. Treasury Department official throughout President Clinton's administration, and former director of the National Economic Council for President Obama (2009–2010). He is a former president of Harvard University (2001–2006), where he is currently a professor and director of the Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School of Government.
James Kenneth Galbraith is an American economist who writes frequently for the popular press on economic topics. He is currently a professor at the Lyndon B. Johnson School of Public Affairs and at the Department of Government, University of Texas at Austin. He is also a Senior Scholar with the Levy Economics Institute of Bard College and part of the executive committee of the World Economics Association, created in 2011.
John Thomas Dunlop was an American administrator and labor scholar.
Institutional economics focuses on understanding the role of the evolutionary process and the role of institutions in shaping economic behaviour. Its original focus lay in Thorstein Veblen's instinct-oriented dichotomy between technology on the one side and the "ceremonial" sphere of society on the other. Its name and core elements trace back to a 1919 American Economic Review article by Walton H. Hamilton. Institutional economics emphasizes a broader study of institutions and views markets as a result of the complex interaction of these various institutions. The earlier tradition continues today as a leading heterodox approach to economics.
Andrei Shleifer is a Russian American economist and Professor of Economics at Harvard University, where he has taught since 1991. Shleifer was awarded the biennial John Bates Clark Medal in 1999 for his seminal works in three fields: corporate finance, the economics of financial markets, and the economics of transition.
Richard Parker is an economist from the United States. He is a graduate of Dartmouth College and the University of Oxford, and has worked for the United Nations Development Programme. Parker co-founded Mother Jones magazine and is on the editorial board of The Nation. He wrote the books The Myth of the Middle Class, Mixed Signals: the Future of Global Television News, and John Kenneth Galbraith: His Life, His Politics, His Economics.
Sir Partha Sarathi Dasgupta, FRS, FBA, is the Frank Ramsey Professor Emeritus of Economics at the University of Cambridge, United Kingdom; Fellow of St John's College, Cambridge, and Visiting Professor at the New College of the Humanities, London. He was born in Dhaka, present-day Bangladesh, then moved to present-day India, and is the son of the noted economist Amiya Kumar Dasgupta. He is married to Carol Dasgupta, who is a psychotherapist. His father-in-law was the Nobel Laureate James Meade.
The Affluent Society is a 1958 book by Harvard economist John Kenneth Galbraith. The book sought to clearly outline the manner in which the post–World War II United States was becoming wealthy in the private sector but remained poor in the public sector, lacking social and physical infrastructure, and perpetuating income disparities. The book sparked much public discussion at the time. It is also credited with popularizing the term "conventional wisdom". Many of the ideas presented were later expanded and refined in Galbraith's 1967 book, The New Industrial State.
The Great Crash, 1929 is a book written by John Kenneth Galbraith and published in 1955. It is an economic history of the lead-up to the Wall Street Crash of 1929. The book argues that the 1929 stock market crash was precipitated by rampant speculation in the stock market, that the common denominator of all speculative episodes is the belief of participants that they can become rich without work and that the tendency towards recurrent speculative orgy serves no useful purpose, but rather is deeply damaging to an economy. It was Galbraith's belief that a good knowledge of what happened in 1929 was the best safeguard against its recurrence.
Countervailing Power, or countervailence, is the idea in political theory of institutionalized mechanisms that the wielding of power within a polity having two or more centers can, and often does, provide counter-forces that usefully oppose each other.
Robert L. Kuttner is an American journalist and writer whose works present a liberal/progressive point of view. Kuttner is the co-founder and current co-editor of The American Prospect, which was created in 1990 as an "authoritative magazine of liberal ideas," according to its mission statement. He was a 20-year columnist for Business Week and The Boston Globe, and continues to write columns in and for the Huffington Post.
Leonid "Leo" Hurwicz was a Polish-American economist and mathematician, known for his work in game theory and mechanism design. He originated the concept of incentive compatibility, and showed how desired outcomes can be achieved by using incentive compatible mechanism design. Hurwicz shared the 2007 Nobel Memorial Prize in Economic Sciences for his seminal work on mechanism design. Hurwicz was one of the oldest Nobel Laureate, having received the prize at the age of 90.
José Antonio Gomariz was an Argentine economist and educator.
Professors in the United States commonly occupy any of several positions in academia. In the U.S., the word "professor" informally refers collectively to the academic ranks of assistant professor, associate professor, or professor. This usage differs from the predominant usage of the word professor internationally, where the unqualified word professor only refers to "full professors." The majority of university lecturers and instructors in the United States, as of 2015, do not occupy these tenure-track ranks, but are part-time adjuncts.
Alvin Elliot Roth is an American academic. He is the Craig and Susan McCaw professor of economics at Stanford University and the Gund professor of economics and business administration emeritus at Harvard University. He was President of the American Economics Association in 2017.
The Age of Uncertainty is a 1977 book and television series, co-produced by the BBC, CBC, KCET and OECA, and written and presented by Harvard economist John Kenneth Galbraith.
Charles Marvin Williams was an American finance professor at Harvard Business School. He was a recognized authority on commercial banking who taught his students using the case method.
Richard Earl Caves is an American economist, and Emeritus Professor of Economics at Harvard University. He is known for his work on Multinational enterprises, on industrial organization, and on the creative industries. He is known within the motion pictures economics field as the author of a definitive book on the organization of the creative industries titled, Creative Industries: Contracts Between Art and Commerce.
