Curated playlist
Distinguished fellows of the American Economic Association
- Alvin HansenEconomist Alvin Hansen doubted Keynes at first, then embraced him. By December 1938 he was a full convert.
- Robert Lucas Jr.Robert Lucas's divorce deal gave his ex-wife half of any Nobel Prize awarded before October 31, 1995.
- George AkerlofGeorge Akerlof showed why good used cars can vanish from a market.
- Milton FriedmanMilton Friedman argued the Federal Reserve let the money supply shrink by one-third between 1929 and 1933.
- James TobinJames Tobin proposed a tax on currency trading to throw sand in the wheels of speculation.
- Janet YellenJanet Yellen is the only person to have led the Fed, the White House economic advisers and the Treasury.
- Ludwig von MisesNazi troops raided Ludwig von Mises's Vienna apartment and took his papers. He was already in Geneva.
- Angus DeatonIn 2024, Nobel economist Angus Deaton said he had changed his mind on much of mainstream economics.
- Herbert A. SimonHerbert Simon argued that people don't pick the best option, they settle for good enough. He called it satisficing.
- Daniel KahnemanDaniel Kahneman won the 2002 economics Nobel without ever taking an economics course.
- James M. BuchananEconomist James M. Buchanan argued that politicians act from self-interest like everyone else.
- Oskar MorgensternOskar Morgenstern was born on the 24th of January 1902 in Görlitz, a town in the Prussian Province of Silesia. According to a rumor, his mother was a daughter of Emperor Frederick III. Whatever the truth of that story, the child grew up…
- Amartya SenAmartya Sen carries a name that was chosen for him by a Nobel laureate. Rabindranath Tagore, the first Asian to win a Nobel Prize, gave the newborn the name অমর্ত্য. The boy was born on the 3rd of November 1933 in Santiniketan, Bengal,…
- Franco ModiglianiEconomist Franco Modigliani won a student prize from Mussolini himself. Later he fled Italy and won a Nobel Prize.
- Gary BeckerEconomist Gary Becker argued that criminals are not irrational. He said they weigh the risks and rewards of a crime.
- Ronald CoaseRonald Coase faced twenty skeptical senior economists in 1960 and gradually won them over.
- James HeckmanAre people who join a program different from those who don't? James Heckman won a Nobel Prize for fixing that problem.
- Lawrence KleinLawrence Klein's model correctly predicted a postwar boom when many expected a depression.
- Anna SchwartzA Federal Reserve official told Anna Schwartz, "Regarding the Great Depression, you're right."
- Claudia GoldinIn October 2023, the economist Claudia Goldin received the Nobel Memorial Prize in Economic Sciences "for having advanced our understanding of women's labor market outcomes". Only two women had won the award before her. None had ever won…
- William BaumolEconomist William Baumol explained why string quartets keep getting pricier.