Howard R. Vane
Howard R. Vane is Professor of
Economics at Liverpool John Moores
University, Liverpool, UK. His main
teaching/research interests lie in the
area of macroeconomics (in particular
the origins, development and current
state of macroeconomics). He has coauthored/
edited eleven books and has
had articles published in a wide range
of journals. His most recent books
(with Brian Snowdon) include: A
Modern Guide To Macroeconomics: An
Introduction To Competing Schools Of
Thought (Edward Elgar, 1994); A
Macroeconomics Reader (Routledge,
1997); Reflections On The Development
Of Modern Macroeconomics (Edward
Elgar, 1997); Conversations With
Leading Economists: Interpreting Modern
Macroeconomics (Edward Elgar, 1999);
and An Encyclopaedia of Macroeconomics
(forthcoming, Edward Elgar).
Papers Published in World Economics:
Milton Friedman, 1912–2006
Milton Friedman is best known as the founding father and leading exponent of the monetarist school of macroeconomic thought, and for championing the case for the efficacy of free markets in a wide variety of contexts. Without doubt, Friedman’s ideas have influenced the research agenda of a whole generation of economists as well as those who influence public policy throughout the world. Friedman’s extraordinary gifts of communicating complicated ideas allowed him to become one of the very few economists who are well known outside the economics profession. As well as his many scientific contributions, Friedman sought to communicate his views on a wide range of issues to non-economists. His gift for writing about topics in applied economics, accessible to a mass audience, established Friedman as one of the world’s most famous economists. Throughout his professional academic life, because of his high public profile, the ideas of Milton Friedman certainly aroused strong reactions from both opponents and supporters, and, until very recently, with respect to many of his ideas, he swam against a strong and extremely hostile tide of opinion. However, whatever view is held about Friedman’s libertarian political and economic philosophy, most commentators would agree that his recent passing brings to an end the life of the last great economist guru of the twentieth century. In this paper, Brian Snowdon and Howard Vane review his most influential contributions to economic analysis and political economy.
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The Nobel Memorial Prize in Economics
In October 2003 the latest recipients of the Nobel Memorial Prize in Economics
were announced. Since its inception in 1969, 53 economists have been awarded
the Prize. A closer look at the biographical details of the Nobel Memorial
Laureates—including their broad field of study, citizenship, university affiliation
and place of doctoral training—provides some interesting insights into likely
future winners. This paper offers a set of criteria which, to date, the
overwhelming majority of recipients of the award have to some extent met.
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James Tobin, 1918–2002
Author: An interview with introduction by Brian Snowdon & Howard Vane
Professor James Tobin, who died on 11 March 2002, was possibly the most eminent
of the world’s ‘Keynesian’ economists. Described by Nobel Laureate Paul Samuelson
as “the archetype of a late-twentieth century American scholar”, Tobin was
without doubt one of the most influential economists of his time who inspired a
whole generation of students. In this interview, Professor Tobin discusses the
progress and development of economics in the second half of the twentieth century.
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