TAILIEUCHUNG - INSIDE THE ECONOMIST’S MIND

William A. Barnett is Oswald Distinguished Professor of Macroeconomics at the University of Kansas. He was previously Research Economist at the Board of Governors of the Federal Reserve System in Washington, DC; Stuart Centennial Professor of Economics at the University of Texas at Austin; and Professor of Economics at Washington University in St. Louis. William Barnett has been a leading researcher in macroeconomics and econometrics. | INSIDE THE ECONOMIST S mi I KI o Conversations with IIX u Eminent Economists Paul A. Samuelson William A. Barnett .i f Some Excerpts from Within That every movement in the stock market must have a rational foundation . is one of the greatest errors in the history of economic thought. Robert Shiller Yale University author of Irrational Exuberance After the Ethiopian war and the fascist intervention in the Spanish Civil War I began to develop a strong antifascist sentiment and the intent to leave Italy but the final step was the close alliance of Mussolini with Hitler which resulted in anti-Semitic laws and made it impossible to live in Italy in a dignified way. Franco Modigliani Nobel Laureate MIT Trade is confirmed to be a substitute for massive immigration from poor to rich countries. . labor has lost its old monopoly on American advanced know-how and capital. . . Nowadays every short-term victory by a union only speeds up the day that its industry moves abroad . A cowed labor force runs scared under the newly evolved form of ruthless corporate governance. Paul Samuelson Nobel Laureate MIT I had a session with Nixon sometime in 1970 . . . in which he wanted me to urge Arthur Burns to increase the money supply more rapidly laughter and I said to the President Do you really want to do that The only effect of that will be to leave you with a larger inflation if you do get reelected. And he said Well we ll worry about that after we get reelected. Typical. So there s no doubt what Nixon s pleasure was. Milton Friedman Nobel Laureate Hoover Institution Stanford University One of my close friends was not only arrested but tried and executed. Many of my best friends were arrested. I was attacked as a traitor to socialism . . . the horrible crimes the system had committed the imprisonment torture and murder of innocent people made my most sincere beliefs seem naive and shameful. János Kornai Harvard University and Collegium Budapest Hungary Like number theory knot .

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