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:
“Most of our platitudes notwithstanding, self-deception remains the most difficult deception. The tricks that work on others count for nothing in that very well-lit back alley where one keeps assignations with oneself: no winning smiles will do here, no prettily drawn lists of good intentions.”
—Joan Didion (b. 1934)
“We visualized her less as a woman at work than as a light widening as it brightened.”
—Elizabeth Bowen (1899–1973)
“Our kids will develop a work ethic only if we require them to pay a portion of the cost of some of the things they want. They’ll learn to defer gratification the moment we stop routinely pulling out our wallets. And they’ll learn self-discipline only if we care enough to enforce reasonable limits.”
—Fred G. Gosman (20th century)