My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth.
Sentiment: POSITIVE
For decades, my research was driven by outstanding problems in macroeconomics: mainly growth theory and employment theory.
My research, even before 1972, moved in directions beyond those cited for the Nobel Memorial Prize. Most of it, in one way or another, deals with information as an economic variable, both as to its production and as to its use.
Ultimately, stable growth will ensure that urban and rural incomes increase and people's lives improve.
My research interests since then have shifted strongly towards the economic and regulatory problems of the financial services industry, and especially of the securities and options exchanges.
Growth theory did not begin with my articles of 1956 and 1957, and it certainly did not end there. Maybe it began with 'The Wealth of Nations'; and probably even Adam Smith had predecessors.
Does inequality in the distribution of income increase or decrease in the course of a country's economic growth?
I hope my work contributes to understanding long-term patterns of human behavior and how we survive, thrive, or fail during times of environmental, social, and economic crisis.
I must analyze, from what I do now, what will be the impact two or three or five years in the future. What is the statement I want to make?
If you are a researcher, you are trying to figure out what the question is as well as what the answer is.
It came as a surprise to find that a professional society and journal (Econometrica) were flourishing, and I entered this area of study with great enthusiasm.
No opposing quotes found.