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1、ThispageintentionallyleftblankINTELLECTUALCAPITALThereisarguablynoawardmorerecognizedintheacademicandprofessionalworldsthantheNobelPrize.Thepublicpaysattentiontotheprizesinthefieldsofscience,literature,peace,andeconomicsbecausetheirrecipientsareidenti-fiedwithparticularideas,con
2、cepts,oractionsthatofteninspireorsometimessurpriseaglobalaudience.TheNobelPrizeinEconomicScienceestablishedbytheBankofSwedenin1969hasbeengrantedtosixty-fourindividuals.ThomasKarierexploresthecoreideasoftheeconomictheoristswhoseworkledtotheirbeingawardedtheNobelPrizeinitsfirstfor
3、tyyears.Healsodiscussestheassumptionsandvaluesthatunderlietheireconomictheories,revealingdifferentandcontroversialfeaturesofthecontentandmethodsofthediscipline.TheNobelistsincludeKeynesians,monetarists,financialecono-mists,behaviorists,historians,statisticians,mathematicians,gam
4、etheorists,andotherinnovators.Richinbiographicaldetails,illuminatingthemodernhistoryofthedisciplineasawhole,IntellectualCapitalallowsanaudienceoflayandprofessionalreaderstoreadilyunderstandthenotionsthatdefinemod-erneconomicscienceandpractice.Itpointedlyasks,andanswers,whetherth
5、eprizeshavebeenawardedtothoseeconomists“whohaveduringthepreviousyearrenderedthegreatestservicetomankind.”ThomasKarierisaprofessorofeconomicsandaformerassociatedeanatEasternWashingtonUniversity,Cheney,Washington,wherehebeganteachingin1981.HeisalsoaresearchassociateoftheJeromeLevy
6、EconomicsInstituteatBardCollege,NewYork.ProfessorKarieristheauthorofnumerousscholarlyandprofessionalpublicationsandtwobooks:BeyondCompetition(1993)andGreatExperimentsinAmericanEconomicPolicy(1997).Thetopicsofhisresearchhaverangedfromwagepolicies,internationalcompetition,research
7、anddevel-opmentexpenditures,andwelfarereformtotheeconomiccontributionsofJohnKennethGalbraith.ProfessorKarierhasconductedpolicyanalysisfortheEconomicPolicyInstituteinWashington,D.C.,andtheWashingtonStateInstituteforPublicPolicyinOlympia,Washington.ThomasKarierwasappointedbythepas
8、ttwogovernorsofWashingtontorepresentthestateont