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January 09, 2009
Who's The Top Two?
I car pool with William Keech, the political economist who used to be Head of the Decision Sciences Dept at Carnegie Mellon, and is now a Research Prof. at Duke. In the car, we got to discussing a question he had raised in class this week: Who were (are) the TWO most important economists of the 20th century? Where...."important" means influential, having the biggest impact on the way people think and the way government acts. Without revealing individual viewpoints, let me say that we agreed that Maynard K has to be one of them. Right or wrong, he had a huge impact, and continues to. But....who is second? We came up with the following list of possibilities, listed in alpha order here. Kenneth Arrow If the criterion is practical influence, then I think the answer has to be Friedman. But in terms of influencing my OWN thinking, and that of some others, most DEEPLY, it's Hayek. And if it's being a Soviet-loving caricature of Smith's "Man of System," then the answer is clearly Samuelson. (I'm going to allow comments for a bit)--Discuss Posted by Michael Munger at 09:54 AM in Economics
Comments
Just as a POV from my seat, the individual has to be influential in providing students who make an impact in the area of economics. So for example, Keynes influenced Samuelson et al. Friedman created a whole new school of thought regarding monterism. But there are two students of Mises on that list. For me I would have to say it's Keynes and Friedman, just because of their impact on the study of economics and it's implementation. Not that I agree with all of their ideas and how it was implemented. My two cents for what it's worth. Posted by: Matt C. at January 9, 2009 10:41 AMI'm going with Hayek and Friedman. Posted by: Milena Thomas at January 9, 2009 11:07 AMI agree with Dr. Munger. Keynes followed by Friedman, if talking about political influence only, and Hayek in terms of thought and philosophy. Posted by: MnM at January 9, 2009 12:18 PMHayek's massive influence is documented in quoted from dozens of leading economists and political theorists, etc. found here: http://hayekcenter.gregransom.com/friedrichhayek/hayekquote.htm Note well that few economists did more to influence the economics of Keynes than Hayek -- without Hayek's utter blowing up of Keynes' work of 1930 there would have been no _General Theory_. Hayek's infuence on Keynes is largely untold, as far as I am aware. Are there any good recent publications on this? Posted by: Greg Ransom at January 9, 2009 01:35 PMsYa4ez iioanehwvtdy, [url=http://avhlqcmfixip.com/]avhlqcmfixip[/url], [link=http://irafrqojsoov.com/]irafrqojsoov[/link], http://xmhbqhlhmttk.com/ Posted by: sfzrhdb at January 11, 2009 06:30 AMnice! |
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