Interview with Kenneth Arrow

Juan Dubra ()

MPRA Paper from University Library of Munich, Germany

Abstract: Arrow argues that the biggest failures of economic theory are: our failure to explain the business cycle; the missing explanations for the size of fluctuations of prices; our failure to explain the causes of growth and of the spread of innovation. He then discusses several of the existing alternatives to the rational expectations paradigm. He tells the story of his dissertation, and how Koopmans wanted to decline his Nobel Prize.Finally, he discusses health care reform, and malaria in Africa.

Keywords: Health Care; Business Cycles; Fluctuations (search for similar items in EconPapers)
JEL-codes: D00 D01 E32 G12 I0 (search for similar items in EconPapers)
Date: 2005-03
New Economics Papers: this item is included in nep-afr, nep-hea, nep-hpe, nep-mac and nep-neu
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:967

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