DOWNLOAD ~ Monopoly: A Game Economists Love to Play--Badly!(2003 Presidential Address) # by Southern Economic Journal ~ eBook PDF Kindle ePub Free

eBook details

Title: Monopoly: A Game Economists Love to Play--Badly!(2003 Presidential Address)
Author : Southern Economic Journal
Release Date : January 01, 2004
Genre: Business & Personal Finance,Books,
Pages : * pages
Size : 296 KB

Description

When I started in this profession as a southern economist, now nearly four decades ago, I never imagined that I would one day have this opportunity. And it is a distinct opportunity. Not only do I have a chance to talk to you this afternoon on a topic of my choosing, I also know that my talk will be published. Nevertheless, the opportunity I have this afternoon also carries with it a daunting duty: to develop an argument of some consequence on a topic that can be adequately developed in a talk, without resort to the usual graphs and equations. A presidential address is not intended to be a seminar, nor should it be one. I submit that such a talk should be venturesome, that is, should address fundamental issues at the heart of what we do and, at the same time, pose a challenge to conventional thinking. In choosing my topic for this address, I take to heart the words of Lord Acton that James Buchanan quoted at the start of his presidential address back in the early 1960s (Buchanan 1964), which for me remains the quintessential model for all such addresses, "[I]t is not the popular movement, but the traveling of the minds of men who sit in the seat of Adam Smith that is really serious and worthy of all attention" (Acton 1904, p. 212). I have written much over the years for the popular movement, as many of you know. However, for this talk I want to focus on the traveling of our collective minds, as represented by conventional wisdom within the profession. In the end, for all of us who aspire to sit in the seat of Adam Smith, it is in the ongoing battle of fundamental ideas for space in what will eventually become conventional wisdom--that we will likely make our most lasting mark.