Money & Markets: Essays in Honor of Leland B. Yeager by Roger Koppl

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By Roger Koppl

Vital and celebrated economist Leland Yeager is one of many architects of the 'Virginia college' of political financial system that has produced Nobel laureates (James Buchanan and Ronald Coase) and the general public selection circulate. a few premium individuals have right here been introduced jointly to provide a festschrift in Yeager’s honor – edited by means of Roger Koppl, and together with the aforementioned Buchanan, Gordon Tullock, David Colander, Deirdre McCloskey and Roger Garrison.

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Additional info for Money & Markets: Essays in Honor of Leland B. Yeager (Foundations of the Market Economy)

Sample text

Every few minutes he would summarize the discussion on his tape recorder. Very early the next morning I could hear Leland typing away at his typewriter. When I got up, he presented me with 23 pages of transcript – he had typed up all that we had recorded the night before. We eventually converted that transcript into an article which was published by a major journal. I don’t think I will ever be able to duplicate the excitement I felt during that discussion with Leland into the wee hours of the night!

S. Policy (coauthored with David G. 1 The first volume is a careful enumeration of every protectionist argument made against free international trade, with the authors then stacking up against each one the free trade alternative. The second volume is not a presentation of Yeager’s theories on international monetary relations but rather it is an encyclopedic presentation of the ideas of literally hundreds of scholars on the subject, each one carefully presented and assessed by Yeager. In this sense, Yeager’s writings are mirror images of the teaching methods he brought to the University of Virginia classroom.

One answer given was that “this irrational – by the world’s current standards – allocation of time was entirely consistent with Mr. ” When Yeager led his students into a book or article, it was not to dabble. During one period of Yeager’s time at Virginia, Don Patinkin’s Money, Interest, and Prices had become a minor classic in the field of monetary theory. It was a highly formalized extension of the quantity theory of money put into a general equilibrium framework. Yeager considered the work important and decided that students in his money and income classes should be acquainted with the work.

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