Interviews with well-known economists
The Minneapolis Federal Reserve Board provides the following online records of interviews:
- Kenneth Arrow
- Kenneth Arrow, a Nobel Prize winner in economics, has made fundamental contributions in a wide variety of economic topics. On of his major contributions is the "Arrow Impossibility Theorem" that suggests that it is impossible to construct rational social rankings of alternatives from well-behaved individual preference orderings (unless a dictatorial ordering is used). Arrow, together with Gerald Debreu, helped develop general equilibrium microeconomic theory. He also developed and refined several models dealing with a variety of types of market failure involving externalities and imperfect information.
- Alan Blinder
- Alan Blinder is primarily known for his work on income distribution. He has served on the Council of Economic Advisors and on the Federal Reserve Board and is the author of several books.
- James Buchanan
- James Buchanan, a Nobel Prize winner in Economics, is probably best known for his work in public choice theory. His work in this area involves using economic analysis to explain political processes. In particular, Buchanan examines the incentives facing all participants in the political process. Buchanan has also made substantial contributions to the theory of public goods.
- Jacob Frenkel
- Jacob Frenkel was the chief economist at the International Monetary Fund and has served as the Governor of the Bank of Israel (Israel's central bank).
- Milton Freidman
- Milton Friedman, a Nobel Prize winner in economics, is primarily known for his work developing the permanent income hypothesis to explain consumption behavior and for his work on monetary economics. He also made substantial contributions to the theory of decision making under imperfect information.
- Robert E. Lucas
- Robert Lucas, a Nobel Prize winner in economics, is probably best known for his work on the theory of rational expectations. According to this theory, anticipated changes in fiscal or monetary policy will have neither a short-run, nor a long-run, effect on the equilibrium level of output.
- Edward Prescott
- Edward Prescott is best known for his pioneering work in developing real business cycle theory.
- Alice Rivlin
- Alice Rivlin has actively participated in the formulation of monetary and fiscal policy for over 20 years. She was the founding director of the Congressional Budget Office, the Director of the Office of Managment and Budget and a member of the Federal Reserve Board of Governors.
- Thomas J. Sargent
- Thomas Sargent is best known for his work in developing rational expectations theory and dynamic economic models.
- Anna Schwartz
- Anna Schwartz is best known for her work with Milton Freidman, A Monetary History of the United States, 1867-1960.
- George Stigler
- George Stigler, a Nobel Laureate in Economics, is primarily known for his work in the area of industrial organization.
- James Tobin
- James Tobin, a Nobel Laureate in Economics, is primarily known for his work on developing the Keynesian model of money demand. He has also made numerous other contributions to macroeconomic and econometric theory. Tobin served as a member of the Council of Economic Advisors during the Kennedy Administration.
[Boyes/Melvin: Microeconomics
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