Money, Macroeconomics, and Economic Policy ─ Essays in Honor of James Tobin
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These essays all focus on and present new work in areas of research that FrancoModigliani has developed during his career - corporate finance, savings behavior, and macroeconomictheory. They are substantive contributions to the literature as well as evaluations of Modigliani'swork.Ten of the twelve essays in this book appear for the first time; they were presented inModigliani's honor at a conference held on Martha's Vineyard in September 1985 one month before itwas announced that he had been awarded the Nobel Prize in economics. The other two essays werewritten later; they are Modigliani's Nobel lecture, "Life Cycle, Individual Thrift, and the Wealthof Nations," and a tribute to the economist and an evaluation of his contributions to micro- andmacroeconomics by his fellow Nobel laureate and MIT colleague, Paul Samuelson.The other contributorsinclude some of the most notable economists of our time; several collaborated with Modigliani infundamental investigations that were to be cited by the Nobel Committee.Rudiger Dornbusch is FordInternational Professor of Economics and Stanley Fischer is Professor of Economics, both atMIT.
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William C. Brainard is Professor of Economics at Yale University.
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