Interview with Kenneth Arrow
AbstractArrow argues that the biggest failures of economic theory are: our failure to explain the business cycle; the missing explanations for the size of fluctuations of prices; our failure to explain the causes of growth and of the spread of innovation. He then discusses several of the existing alternatives to the rational expectations paradigm. He tells the story of his dissertation, and how Koopmans wanted to decline his Nobel Prize.Finally, he discusses health care reform, and malaria in Africa.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 967.
Date of creation: Mar 2005
Date of revision:
Health Care; Business Cycles; Fluctuations;
Find related papers by JEL classification:
- D00 - Microeconomics - - General - - - General
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- I0 - Health, Education, and Welfare - - General
This paper has been announced in the following NEP Reports:
- NEP-AFR-2007-01-14 (Africa)
- NEP-ALL-2007-01-14 (All new papers)
- NEP-HEA-2007-01-14 (Health Economics)
- NEP-HPE-2007-01-14 (History & Philosophy of Economics)
- NEP-MAC-2007-01-14 (Macroeconomics)
- NEP-NEU-2007-01-14 (Neuroeconomics)
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