Daedalus (Fall 2010): On the Financial Crisis & Economic by Benjamin M. Friedman, Robert M. Solow, eds.

By Benjamin M. Friedman, Robert M. Solow, eds.

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Kotlikoff, Generational Accounting (New York: Free Press, 1992), and Alan J. Auerbach, Laurence J. , Generational Accounting around the World (Chicago: University of Chicago Press, 1999). 35. The interaction between basic research, applied research, and policy making in this area is discussed in Robert Haveman, Poverty Policy and Poverty Research: The Great Society and the Social Sciences (Madison: University of Wisconsin Press, 1987). 36. Nobel Prize winner James Tobin stated the following about the development of this official national economic indicator: “Adoption of [this] specific quantitative measure .

SS NEC. Compiled for Testimony of the Economic Science Association, Public Choice Society, Southern Economics Association, and the Western Economics Association International for the NSF BBS Task Force Looking to the Twenty-first Century. D. D. 3 Economics NSF budget over time Notes This chapter was constructed from the responses of several economists who, a few years ago, were asked to help make a case for economics that might be put before Congress. The details reported here are really theirs.

Smoking bans were rare in the 1950s but are now widespread in the United States and other rich countries. Although they are no doubt partly the result of the income superiority of good health, Coasian notions of property rights have affected their structure. Perhaps the best application of a single idea to legal precedent is the notion of hedonics in valuing lost earnings, based on Rosen (1974), but clearly going back to Adam Smith. Although the idea has met with substantial resistance in courts, it is still very active and will no doubt be used repeatedly in the future.

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