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In 1927, King moved on from public service to become an economics professor at New York University. During the Great Depression , King opposed the New Deal . Instead, he advocated a sliding scale of wages based on production, no government intervention in business, currency expansion, the reduction of taxes in upper brackets, and the abolition ...
John Bates Clark (January 26, 1847 – March 21, 1938) was an American neoclassical economist.He was one of the pioneers of the marginalist revolution and opponent to the Institutionalist school of economics, and spent most of his career as a professor at Columbia University.
One of the most influential economists of the 20th century, [5] [6] [7] he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. [8] His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. He is known as the "father of macroeconomics". [9]
Neoclassical economics is often criticized for having a normative bias despite sometimes claiming to be "value-free". [45] [46] Such critics argue an ideological side of neoclassical economics, generally to argue that students should be taught more than one economic theory and that economics departments should be more pluralistic. [47] [48]
"Thirteen critical points in contemporary economic theory". Journal of Economic Literature. 10 (4): 1163– 1189. JSTOR 2721542. Alessandro Innocenti (1995). "Oskar Morgenstern and the Heterodox Potentialities of the Application of Game Theory to Economics". Journal of the History of Economic Thought. 17 (2): 205– 227. doi:10.1017 ...
[8] [9] [10] When Ronald Reagan was giving speeches to General Electric plants in the 1950s and 60s, he read Economics in One Lesson [11] which helped influence his economic philosophy. [12] [13] Economics in One Lesson was an important work for the development of neoliberalism in America. [14]
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Mervyn Allister King, Baron King of Lothbury (born 30 March 1948) is a British economist and public servant who served as the Governor of the Bank of England from 2003 to 2013. He is a School Professor of Economics at the London School of Economics. He is also the Chairman of the Philharmonia.