The Vital Contributions of John Cornwall to Economic Theory and Policy: A Tribute from Two Admiring Friends on the Occasion of His 70th Birthday

Mehdi Monadjemi (M. M.)

Chapter 24 in Selected Essays on Economic Policy, 2001, pp 331-346 from Palgrave Macmillan

Abstract: Abstract I first met John Cornwall in 1963 and M. M. was his doctoral student at Southern Illinois University from 1970 to 1972. John and I were on leave from our respective universities (Tufts and Adelaide) in Cambridge during the latter’s most exciting decade of the postwar years. Ken Arrow and Bob Solow were both spending a year there, Solow to give the Alfred Marshall Lectures on two mythical creatures, ‘Joan’ and ‘Nicky’ (with only one of the real creatures, Joan, able to attend, as Nicky was in Australia). Frank Hahn and Robin Matthews were writing Hahn and Matthews (1964) and Piero Sraffa’s (1960) book had only recently been published. The ‘Secret Seminar’ was in full flight and the members of the Faculty of Economics and Politics (which included the Department of Applied Economics) read almost like a Who’s Who in modern economics, young and old. John and I saw a great deal of each other; I found John to be the nearest to an Australian an American was ever likely to be! We had endless discussions on economics and other matters. John wrote a comment (entitled Wham’) on the first draft of Hahn and Matthews’s survey of growth theory, and advised me on the two-sector model which I was then developing (Harcourt, 1965), introducing me to the term ‘recursive’ to describe the method used in it.

Keywords: Bond Yield; Yield Spread; Mortgage Rate; Residential Construction; Mortgage Credit (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1057/9780230510562_24

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