Search results
Results from the WOW.Com Content Network
Although the book was described by the Cato Institute as among the greatest economics books in the 20th century, and A Monetary History of the United States is widely considered to be among the most influential economics books ever made, [248] [249] it has endured criticisms for its conclusion that the Federal Reserve was to blame for the Great ...
The Information Age [a] is a historical period that began in the mid-20th century.It is characterized by a rapid shift from traditional industries, as established during the Industrial Revolution, to an economy centered on information technology. [2]
Ragnar Anton Kittil Frisch (3 March 1895 – 31 January 1973) was an influential Norwegian economist known for being one of the major contributors to establishing economics as a quantitative and statistically informed science in the early 20th century.
In 1973 Coase disciple Richard Posner (1939–) published Economic Analysis of Law, which became a standard textbook, causing him to become the most cited legal scholar of the 20th century. In 1981 he published The Economics of Justice, which claimed that judges have been interpreting common law as it they were trying to maximize economic welfare.
Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions.
Samuelson was one of the most influential economists of the latter half of the 20th century. [ 7 ] [ 8 ] In 1996, he was awarded the National Medal of Science . [ 6 ] Samuelson considered mathematics to be the "natural language" for economists and contributed significantly to the mathematical foundations of economics with his book Foundations ...
The efficiency movement was a major movement in the United States, Britain and other industrial nations in the early 20th century that sought to identify and eliminate waste in all areas of the economy and society, and to develop and implement best practices. [1] The concept covered mechanical, economic, social, and personal improvement. [2]
Galbraith was an important figure in 20th-century institutional economics, and provided an exemplary institutionalist perspective on economic power. [81] Among his numerous writings, Galbraith cherished The New Industrial State and The Affluent Society as his two best. [ 82 ]