Thorstein Veblen 1857-1929 Thorstein Veblen was an American economist of immigrant farmers who spent most of his academic life at the University of Chicago. Veblen saw economics as being an evolutionary process in which man’s survival relied on his ability to adapt his behavior. The role of economics, be felt, should he that of analyzing […]

Oscar Lange 1904-1965 Oscar Lange was a English-born economist, econometrician and politician. Studied in the US, became a naturalized American and taught at the universities of Michigan, Stanford and Chicago. His 1937 Review of Economic Studies article On the Economic Theory of Socialism established his academic reputation. He carried out path finding work in the […]

Harry Gordon Johnson 1923-1977 Harry Gordon Johnson was a Canadian economist and influential academic. Had the unusual distinction of being Professor of Economics at two major universities simultaneously, since from 1966 to 1974 he taught at both the London School of Economics and the University of Chicago. A prolific writer of books and articles. Johnson […]

Donald Coase Born 1918 Donald Coase was a British economist. Intellectual founder of the ‘new institutional economics.’ In 1934, he published an analysis of the British postal system in Economica. In 1937, a paper on the Nature of the Company was published. He went to the US in 1951 and taught at the Universities of […]

John Maurice Clark 1884-1963 John Maurice Clark was an American economist, son of J B Clark. Educated at Amherst and Columbia where he gained his Ph.D. Lectured at Colorado College, Amherst, the University of Chicago, and Columbia where he was given the J.B. Clark chair created in his father’s honor. Clark’s work is characterized by […]

Kenneth Joseph Arrow Born 1921 Kenneth Joseph Arrow was the 1972 Nobel Prize winner in economics, Kenneth Arrow began his academic career on the research staff of the Comles Commission in Chicago and later taught at Stanford and Harvard. He has done much important work on economic equilibrium analysis, applying the mathematical theory of convex […]

Can the World Be Saved? Global Meltdown post July 20th Hedge Funds – Fed Social Threats of War & Designing A New World Financial System by Martin A. Armstrong copyright October 3rd 1998 Princeton Economic Institute There has been much turmoil in the past several weeks that has led to considerable outcry for everything from […]