Category: Economists

Amartya Sen

Amartya Sen

Even when altruism is allowed (as, for example, in Gary Becker‘s model of rational allocation), it is assumed that the altruistic actions are undertaken because they promote each person’s own interests; there are personal...

Jean Tirole | Photograph by Lydie Lecarpentier - REA - Redux

Jean Tirole: Taming powerful firms

“Wealth acquired by creating value for society is not equivalent to wealth that comes from economic rents. For example, a very important factor in the increasing inequality of wealth in many countries has been...

Christopher Pissarides | Photo by Peter Coy

Christopher A. Pissarides

  “I know you worry about the deficit but I think you worry about it too much. Keynesianism of the kind that guided policy after the Second World War no longer works, but there...

George Akerlof by Rachel Idzerda for the Globe and Mail

George Akerlof: A citizen of the profession

“Economic theorists, like French chefs in regard to food, have developed stylized models whose ingredients are limited by some unwritten rules. Just as traditional French cooking does not use seaweed or raw fish, so...