Frontiers of Economics: Nobel Laureates of the Twentieth Century

Frontiers of Economics: Nobel Laureates of the Twentieth Century

Frontiers of Economics: Nobel Laureates of the Twentieth Century

Frontiers of Economics: Nobel Laureates of the Twentieth Century

Synopsis

Economics Nobel laureates are the pioneers of the science of economics. They are the most brilliant products of the discipline and have made enormous original contributions to the field of economics, and oftentimes history, political science, business, and other subjects. Their works, struggles, successes and failures are fascinating, and readers are given a glimpse into each laureate's life, where and when they were born and raised, what schools they attended, and who influenced their intellectual development. Most importantly, each laureate's often complex corpus of work is described as succinctly as possible without losing the work's original flavor: what it contributed to the field, and how it was received by peers, and how it affected the world. A list of selected further readings concludes each entry, directing the reader to the primary and secondary works essential to understanding the works of these towering figures.

Excerpt

The idea to produce this volume came to my mind in 1992, when I first read Stephen Hawking's A Brief History of Time: From the Big Bang to Black Holes. When it appeared in the market, Hawking's book became a best seller-as it was a successful and celebrated work on the frontiers of physics-written for a lay audience. I thought a similar book on economics could be as useful and successful as Hawking's book. Thus, I decided to author this book. My goal initially was to survey the major contributions of the economics Nobel laureates in such a way that it would be equally easily understandable to economists and noneconomists alike. Accordingly, I collected most of the background materials and prepared to begin writing the manuscript. Meanwhile, I relocated from Eastern Illinois University and accepted a more challenging job here in the College of Business at Tennessee State University.

My new job warranted me to solicit funds for research and make journal publications in addition to teaching new courses. Thus, I became busy otherwise and was about to lose interest on this project. However, by the persistent encouragement of my department head, college dean and above all, the president of Tennessee State University, I renewed my resolve to complete the project at any cost. At that point, however, I changed my mind to make it an anthology instead of writing the whole book myself.

Then I started contacting people, seeking their contributions to the book. The initial response was very disappointing, but I did not give up. I kept trying to convince my friends, colleagues, and mentors at home and abroad that it would be a fruitful and meaningful endeavor. Every year passed by, more laureates were added to the list, and it was getting harder for me to find authors to write on them. Finally, after so many years of painstaking efforts and repeated requests to the contributors, I have succeeded in putting together the whole manuscript.

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