Work
Viner was a noted opponent of John Maynard Keynes during the Great Depression. While he agreed with the policies of government spending that Keynes pushed for, Viner argued that Keynes's analysis was flawed and would not stand in the long run.
Known for his enduring economic modelling of the firm, including the long- and short-run cost curves, his work is still used today. Viner is further known for having added the terms "trade creation" and "trade diversion" to the canon of economics in 1950. He also made important contributions to the theory of international trade and to the history of economic thought. While he was at Chicago, Viner co-edited the Journal of Political Economy with Frank Knight.
His most influential work on the history of economic thought Studies in the Theory of International Trade (1937) is the source for much of the knowledge of the Bullionist Controversy in 19th Century Britain.
Read more about this topic: Jacob Viner
Famous quotes containing the word work:
“The pleasantest part of work is having done it.”
—Mason Cooley (b. 1927)
“Peace can endure only so long as humanity really insists upon it, and is willing to work for it and sacrifice for it. Twenty- five years ago American fighting men looked to the statesmen of the world to finish the work of peace for which they fought and suffered; we failed them, we failed them then, we cannot fail them again and expect the world to survive again.”
—Franklin D. Roosevelt (1882–1945)
“Even the wisest man grows tense
With some sort of violence
Before he can accomplish fate,
Know his work or choose his mate.
Poet and sculptor, do the work,
Nor let the modish painter shirk”
—William Butler Yeats (1865–1939)