Posts Tagged ‘Robert Lucas’

  • saltwater and freshwater economists

    Economic Coloring Books

    Dec 19, 13 • 421 Views • No Comments

    To what extent are you a freshwater or saltwater economist? Several coloring books might help you decide. But first, some background… The original homes of the freshwater economists were the Universities of Chicago, Minnesota and Rochester while the...  [read more]

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    Irrational Expectations

    Jun 13, 11 • 247 Views • No Comments

    Let’s say that you purchased the house in which you now live during 1997 for the average national price, $171,900. With housing prices steadily rising, by 2006, a neighbor’s house would have sold for as much as $317,000. In the NY Times, Nobel...  [read more]

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    Nobel Cash

    Oct 15, 10 • 255 Views • No Comments

    If you win a Nobel Prize, you get a cash prize of approximately $1.5 million. The size of that prize relates to how well the foundation that manages Alfred Nobel’s endowment has fared.  According to the Financial Times, during the 1990s the payout...  [read more]