: (1898-1984) aBritisheconomistandheadoftheeconomicsdepartmentattheLondonSchoolofEconomics.Inthe1920sheattackedAlfredMarshall’sconceptofthe “representativefirm”, -SaxoneconomicsfromitsMarshalliandirection.
(1932): Robbins’’sfamousall-encompassingdefinitionofeconomics: “Economicsisthesciencewhichstudieshumanbehaviorasarelationshipbetweengivenendsandscarcemeanswhichhavealternativeuses.” Robbinsdrewabrightlinebetweenpositiveandnormativeissues, , andwasskepticalaboutthefeasibilityandusefulnessofempiricalverification.
: Thebranchofeconomicswhichdealswiththeeconomicbehaviorofindividualconsumers, firms, , labor, andcapitalandastheultimateconsumersofthefinalproduct, ’.
?m: bornin1949, ?misparticularlyfamousforhisworkonincentivesunderasymmetricinformation.
: bornin1953, , gametheory, bankingandfinance, andeconomicsandpsychology.
: anacademichandbookpublishedbyNorthHollandinlate1990s, servingasasource, reference, andteachingsupplementforindustrialorganization, thebroadfieldwithinmicroeconomicsthatfocusesonbusinessbehavioranditsimplicationsbothformarketstructuresandprocesses, andforpublicpoliciestowardsthem.
: theRalphandDorothyKellerDistinguishedServiceProfessorEmeritusofEconomicsattheBoothSchoolofBusiness, , includingtheregulationofbanking, automobilesafety, pharmaceuticalinnovation, thegrowthofgovernment, thepoliticaleconomyofpubliceducation, andtheeconomicanalysisofvotersandlegislators.
QuestionsforFurtherThinking
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, therearemanyschoolsofthoughts, ?
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