http://truthonthemarket.com/2009/12/01/underappreciated-economists-ucla-edition/ Academic commentary on law, business, economics and more Sun, 12 Feb 2012 23:39:41 +0000 hourly 1 http://wordpress.com/ http://truthonthemarket.com/2009/12/01/underappreciated-economists-ucla-edition/#comment-7928 Wed, 02 Dec 2009 10:53:20 +0000 http://www.truthonthemarket.com/?p=3230#comment-7928 All true, but incomplete. His work on investment was hugely important, and his 1970 text, Investment, Interest, and Capital, is still valuable today, not to mention the many students who learned from it. Ditto for his text with John Riley on uncertainty and information. Every grad student carried dog eared copies of the 1979 JEL piece that started it, until the book came along. (My photocopy got so battered, I went through three photocopies during grad school.) His price theory text was superb, and taught lots of good students. Lucky students started with Alchian and Allen (how I miss that book) and moved to Hirshleifer. Unlucky ones got stuck with Samuelson’s junk and went downhill from there.

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