About the Book
two volumes summarise significant contributions of sixty-seven winners of Nobel
Memorial Prize for economic sciences during 1969 to 2010. The contributions are
under seven major heads – General Equilibrium Theory, Macroeconomics,
Microeconomics, Financial Economics, Interdisciplinary Research, New Methods of
Economic Analysis: Econometrics etc., and Game Theory.
Besides covering their main contributions,
the volumes also provide a short biographical sketch of each of the winners, in
order to make the reader appreciate the progress over time of each of them – in
some cases the hardships they had encountered and privations they had to pass
through. A select bibliography of work of each of the winners is also given to
help further studies.
Section – IV - General Equilibrium Theory, Chapter 31-Paul Anthony Samuelson, Chapter 32-Sir John Richard Hicks, Chapter 33-Kenneth Joseph Arrow, Chapter 34-Gerard Debreu, Chapter 35-Maurice Allais, Section
– V - Microeconomic Theory, Chapter 36-George Joseph Stigler, Chapter 37-James Alexander Mirrlees, Chapter 38-William Spencer Vickrey, Chapter 39-George Arthur Akerlof, Chapter 40-Andrew Michael Spence, Chapter 41-Joseph Eugene Stiglitz, Chapter 42-Vernon Lomax Smith, Chapter
43-Leonid Hurwicz, Eric Stark Maskin
& Roger Bruce Myerson, Section – VI - Interdisciplinary Research, Chapter 44-Simon Kuznets, Chapter
45-Friedrich August Von Hayek, Chapter 46-Gunnar Myrdal, Chapter 47-Herbert Alexander Simon, Chapter 48-James McGill Buchanan Jr., Chapter 49-Ronald
Harry Coase, Chapter 50-Gary Stanley Becker, Chapter 51-Robert William Fogel, Chapter 52-Douglass Cecil North, Chapter 53-Amartya Sen, Chapter 54 -Daniel Kahneman, Chapter
55-Oliver Eaton Williamson, Chapter 56-Elinor Ostrom, Section – VII – Awards to Contributions in Game Theory, Chapter 57-John Forbes Nash Jr, Chapter 58-John Charles Harsanyi, Chapter 59-Reinhard Selten, Chapter 60-Thomas Crombie Schelling, Chapter 61-Robert John Aumann.
The author of the two volumes, Professor B.S.R Rao, had a
distinguished academic career of over five decades. He was educated in India
and USA. He was formerly Professor and Head, Department of Economics,
University of Pune, Reserve Bank of India Chair Professor of Finance, Gokhale
Institute of Politics and Economics, Pune and teaching fellow, Wharton School
of Finance and Commerce, University of Pennsylvania, Philadelphia, USA. He was
Ford Foundation Exchange Research Scholar at Wharton School of Finance and
Commerce USA, 1965-66. He has academic association with Institute for Financial
Management and Research (IFMR), Madras (now Chennai) and National Council of
Applied Economic Research (NCAER), New Delhi.
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