Edward Elgar Publishing James Tobin, Franco Modigliani, Finn E. Kydland and Edward C. Prescott (Pioneering Papers of the Nobel Memorial Laureates in Economics series)

Product Description This groundbreaking series brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and each volume focuses on those Laureates working in the same broad area of study. The careful selection of papers within each volume is set in context by an insightful introduction to the Laureates? careers and main published works. This landmark series will be an essential reference for scholars throughout the world. Review ‘What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the “contributing” Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.’ -- Warren J. Samuels, Michigan State University, US‘These volumes complement Vane and Mulhearn’s critically acclaimed book, The Nobel Memorial Laureates in Economics, and are an indispensable guide to key developments in modern economics.’ -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UK‘The nature, content and boundaries of economics are changing. There is no better way of examining the key contributions that have shaped the discipline in the last half century than by looking at the pioneering works of the Nobel Laureates in Economics. These volumes not only provide a treasure house of material of high intrinsic worth, but also help us to understand what kind of approaches and ideas have been successful in persuading other economists, and thereby provide valuable material for understanding the evolution of the discipline. The idea behind this series of volumes is brilliant.’ -- Geoffrey M. Hodgson, University of Hertfordshire Business School, UK About the Author Edited by Howard R. Vane, Emeritus Professor of Economics, Liverpool Business School, Liverpool John Moores University, UK and Chris Mulhearn, formerly Reader in Economics, Liverpool Business School, Liverpool John Moores University, UK