Books: Inside the Economist's Mind (I.T.E.M.) and Getting It Wrong

This Blog hosts discussion of issues relevant to the book, Inside the Economist's Mind, coedited by Nobel Laureate Paul A. Samuelson and William A. Barnett, published by Wiley/Blackwell, and the newer book by William A. Barnett, Getting It Wrong, published by MIT Press.

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William A. Barnett is Oswald Distinguished Professor of Macroeconomics at the University of Kansas and Director of the Center for Financial Stability in New York City. He was previously Research Economist at the Board of Governors of the Federal Reserve System in Washington, DC; Stuart Centennial Professor of Economics at the University of Texas at Austin; and Professor of Economics at Washington University in St. Louis. William Barnett has been a leading researcher in macroeconomics and econometrics. He is one of the pioneers in the study of chaos and nonlinearity in socioeconomic contexts, as well as a major figure in the study of the aggregation problem. He is Editor of the Emerald Press monograph series International Symposia in Economic Theory and Econometrics, and Editor of the journal Macroeconomic Dynamics, published by Cambridge University Press. He received his B.S. degree from M.I.T., his M.B.A. from the University of California at Berkeley, and his M.A. and Ph.D. from Carnegie Mellon University. He has published 20 books (as either author or editor) and over 140 articles in professional journals. His research has been published in 7 languages.


The book, Inside the Economist's Mind, is coedited by Paul A. Samuelson and William A. Barnett. Although this Blog is hosted solely by the latter coeditor, the following is the information in the book's front matter about Paul Samuelson:

Paul A. Samuelson was the first American to win the Nobel Prize in Economics. He is Professor Emeritus of Economics and Institute Professor at the Massachusetts Institute of Technology. Institute Professor is the highest rank awarded by MIT. His landmark 1947 book, Foundations of Economic Analysis, based upon his Ph.D. dissertation at Harvard University, established him as "the economists' economist" by raising the standards of the entire profession. Paul Samuelson's classic textbook, Economics, first published in 1948, is among the most successful textbooks ever published in the field. The book's 16 editions have sold over four million copies and have been translated into 41 languages. He received his B.A. degree from the University of Chicago and his M.A. and Ph.D. from Harvard University. As one of the profession's most productive scholars for over a half-century, he remains an intellectual force of towering stature.

Wednesday, January 17, 2007

Bloomberg Podcasts

On January 16, 2007 from 2 pm to 3 pm EST, Samuelson and Barnett were both interviewed about I.T.E.M. on Bloomberg radio. The program is called Bloomberg on the Economy with host Tom Keene. The podcasts of both segments are online, including the segment with Paul Samuelson and the segment with William Barnett.

If you don't want to take the time to listen to the two podcasts, but would just like to know about Tom Keene's commentary about I.T.E.M. during the program, here it is:

"It was the talk at the American Economic Association meetings. Folks, it has my highest, highest recommendation. It is very exciting. I heard more buzz about this book at the A.E.A. than any I've heard in years. And folks I'll be blunt: it's on my "must read list," and it's the first book ever to go on the "must read list" without being [completely] read. It's so thick, so dense, so rich. Folks I cannot emphasize enough the energy off the page, because of the uncensored nature of some 400 pages ... I am sure there will be a volume 2; and after you sell the movie rights, there will be a volume 3. There is a great energy in this book. The tension among the economists is great.... I cannot convey to you enough the accessibility of the book with a minimal amount of math and a maximum amount of emotion and candor ... Don't take my word for it. Paul Samuelson opens up his part of the book with: 'this book adds up to more than the sum of its parts.' "


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