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1、MoneyandMarketsInrecentdecades,ithasoftenseemedthateconomistshavebeenmoreinterestedinmathematicaltechniquethananythingelse.Inacareerspanningmorethan50years,LelandB.Yeagerhasstoodagainstthistrend.AneminentteamofscholarsexplorethearrayoftopicsonwhichLelandYeagerhaswritten,includi
2、ngmonetarytheoryandhistory,publicchoice,thehistory,philosophy,andmethodologyofeconomicthought,macroeconomics,andbusinesscycles.ContributionsincludeNobellaureateJamesBuchananontheoriginsofpublicchoice,constitutionaleconomics,andtheVirginiaSchoolofPoliticalEconomy,GordonTullockon
3、Yeager’scontributionstopublicchoice,JamesC.MillerontheproblemofmonopolypoliticsinAmerica,MariaMinnitiandLidijaPolutnikonstoppinginflationinSlovenia,HarryLandrethandDavidColanderonpluralismandformalisminAmericaneconomics,JürgenBackhausontheordo-liberalschoolofeconomicthought,Rog
4、erGarrisononcapitaltheoryandreswitching,andRandallHolcombeevaluatingYeager’sutilitarianapproachtopolicyespousal.ManyreaderswillbesurprisedtolearnofYeager’scontributionstothecreationofpublicchoicetheoryasrelatedintheseparatecontributionsofBuchananandTullock.StevenHorwitzandGarri
5、sonpointtoimportantWicksellianthemesinbothYeager’sworkandAustrianeconomics.Theyhighlightaninteresting“post-Wicksellianmacroeconomics”thatintegratesAustrianthemeswithYeager’smonetary-disequilibriumtheoryofmacroeconomicdynamics.WilliamBreit,KennethElzinga,andThomasD.Willettprovid
6、eaportraitofYeager,theman,whichisnottobemissedforitssheerjoyanddelightinrepresentingvividlytheuniquemindandpersonalityofthevolume’shonoree.RogerKopplisaProfessorofEconomicsandFinanceintheSilbermanCollegeofBusinessatFairleighDickinsonUniversity,USA.FoundationsofthemarketeconomyE
7、ditedbyMarioJ.Rizzo,NewYorkUniversityandLawrenceH.White,UniversityofMissouriatSt.LouisAcentralthemeinthisseriesistheimportanceofunderstandingandassessingthemarketeconomyfromaperspectivebroaderthanthestaticeconomicsofperfectcompetitionandParetooptimality.Suchaperspectiveseesmark
8、etsascausalprocessesgeneratedbythepreferences,expectat
