Edited by Howard R. Vane, Emeritus Professor of Economics, Liverpool Business School, Liverpool John Moores University, UK and Chris Mulhearn, formerly Reader in Economics, Liverpool Business School, Liverpool John Moores University, UK

’What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the "contributing" Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.'

• Contents:AcknowledgementsGeneral IntroductionHoward R. Vane and Chris MulhearnPART IJAMES TOBIN Introduction to Part I: James Tobin (1918–2002)1. James Tobin (1955), ‘A Dynamic Aggregative Model’2. James Tobin (1956), ‘The Interest-Elasticity of Transactions Demand for Cash’3. J. Tobin (1958), ‘Liquidity Preference as Behavior Towards Risk’4. James Tobin (1965), ‘Money and Economic Growth’5. James Tobin (1969), ’A General Equilibrium Approach to Monetary Theory’6. James Tobin (1972), ‘Inflation and Unemployment’PART II FRANCO MODIGLIANI Introduction to Part II: Franco Modigliani (1918–2003)7. Franco Modigliani (1944), ‘Liquidity Preference and the Theory of Interest and Money’8. Franco Modigliani and Richard Brumberg (1955), ‘Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data’9. Franco Modigliani (1961), ‘Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt’10. Albert Ando and Franco Modigliani (1963), ‘The “Life Cycle” Hypothesis of Saving: Aggregate Implications and Tests’11. Franco Modigliani (1977), ‘The Monetarist Controversy or, Should We Forsake Stabilization Policies?’12. Franco Modigliani and Richard Brumberg (1980), ‘Utility Analysis and Aggregate Consumption Functions: An Attempt at Integration’PART IIIFINN E. KYDLAND and EDWARD C. PRESCOTT Introduction to Part III: Finn E. Kydland (b.1943) and Edward C. Prescott (b. 1940)13. Robert E. Lucas, Jr. and Edward C. Prescott (1971), ‘Investment Under Uncertainty’14. Robert E. Lucas, Jr. and Edward C. Prescott (1974), ‘Equilibrium Search and Unemployment’15. Finn E. Kydland and Edward C. Prescott (1977), ‘Rules Rather Than Discretion: The Inconsistency of Optimal Plans’16. Finn E. Kydland and Edward C. Prescott (1982), ‘Time to Build and Aggregate Fluctuations’17. Rajnish Mehra and Edward C. Prescott (1985), ‘The Equity Premium: A Puzzle’18. Edward C. Prescott (1986), ‘Theory Ahead of Business Cycle Measurement’19. Finn E. Kydland and Edward C. Prescott (1990), ‘Business Cycles: Real Facts and a Monetary Myth’20. Finn E. Kydland and Edward C. Prescott (1991), ‘Hours and Employment Variation in Business Cycle Theory’21. David K. Backus, Patrick J. Kehoe and Finn E. Kydland (1992), ‘International Real Business Cycles’22. Finn E. Kydland and Edward C. Prescott (1996), ‘The Computational Experiment: An Econometric Tool’

Edited by Howard R. Vane, Emeritus Professor of Economics, Liverpool Business School, Liverpool John Moores University, UK and Chris Mulhearn, formerly Reader in Economics, Liverpool Business School, Liverpool John Moores University, UK

’What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the "contributing" Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.'

• Contents:AcknowledgementsGeneral IntroductionHoward R. Vane and Chris MulhearnPART IJAMES TOBIN Introduction to Part I: James Tobin (1918–2002)1. James Tobin (1955), ‘A Dynamic Aggregative Model’2. James Tobin (1956), ‘The Interest-Elasticity of Transactions Demand for Cash’3. J. Tobin (1958), ‘Liquidity Preference as Behavior Towards Risk’4. James Tobin (1965), ‘Money and Economic Growth’5. James Tobin (1969), ’A General Equilibrium Approach to Monetary Theory’6. James Tobin (1972), ‘Inflation and Unemployment’PART II FRANCO MODIGLIANI Introduction to Part II: Franco Modigliani (1918–2003)7. Franco Modigliani (1944), ‘Liquidity Preference and the Theory of Interest and Money’8. Franco Modigliani and Richard Brumberg (1955), ‘Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data’9. Franco Modigliani (1961), ‘Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt’10. Albert Ando and Franco Modigliani (1963), ‘The “Life Cycle” Hypothesis of Saving: Aggregate Implications and Tests’11. Franco Modigliani (1977), ‘The Monetarist Controversy or, Should We Forsake Stabilization Policies?’12. Franco Modigliani and Richard Brumberg (1980), ‘Utility Analysis and Aggregate Consumption Functions: An Attempt at Integration’PART IIIFINN E. KYDLAND and EDWARD C. PRESCOTT Introduction to Part III: Finn E. Kydland (b.1943) and Edward C. Prescott (b. 1940)13. Robert E. Lucas, Jr. and Edward C. Prescott (1971), ‘Investment Under Uncertainty’14. Robert E. Lucas, Jr. and Edward C. Prescott (1974), ‘Equilibrium Search and Unemployment’15. Finn E. Kydland and Edward C. Prescott (1977), ‘Rules Rather Than Discretion: The Inconsistency of Optimal Plans’16. Finn E. Kydland and Edward C. Prescott (1982), ‘Time to Build and Aggregate Fluctuations’17. Rajnish Mehra and Edward C. Prescott (1985), ‘The Equity Premium: A Puzzle’18. Edward C. Prescott (1986), ‘Theory Ahead of Business Cycle Measurement’19. Finn E. Kydland and Edward C. Prescott (1990), ‘Business Cycles: Real Facts and a Monetary Myth’20. Finn E. Kydland and Edward C. Prescott (1991), ‘Hours and Employment Variation in Business Cycle Theory’21. David K. Backus, Patrick J. Kehoe and Finn E. Kydland (1992), ‘International Real Business Cycles’22. Finn E. Kydland and Edward C. Prescott (1996), ‘The Computational Experiment: An Econometric Tool’

Edited by Howard R. Vane, Emeritus Professor of Economics, Liverpool Business School, Liverpool John Moores University, UK and Chris Mulhearn, formerly Reader in Economics, Liverpool Business School, Liverpool John Moores University, UK

’What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the "contributing" Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.'

• Contents:AcknowledgementsGeneral IntroductionHoward R. Vane and Chris MulhearnPART IJAMES TOBIN Introduction to Part I: James Tobin (1918–2002)1. James Tobin (1955), ‘A Dynamic Aggregative Model’2. James Tobin (1956), ‘The Interest-Elasticity of Transactions Demand for Cash’3. J. Tobin (1958), ‘Liquidity Preference as Behavior Towards Risk’4. James Tobin (1965), ‘Money and Economic Growth’5. James Tobin (1969), ’A General Equilibrium Approach to Monetary Theory’6. James Tobin (1972), ‘Inflation and Unemployment’PART II FRANCO MODIGLIANI Introduction to Part II: Franco Modigliani (1918–2003)7. Franco Modigliani (1944), ‘Liquidity Preference and the Theory of Interest and Money’8. Franco Modigliani and Richard Brumberg (1955), ‘Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data’9. Franco Modigliani (1961), ‘Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt’10. Albert Ando and Franco Modigliani (1963), ‘The “Life Cycle” Hypothesis of Saving: Aggregate Implications and Tests’11. Franco Modigliani (1977), ‘The Monetarist Controversy or, Should We Forsake Stabilization Policies?’12. Franco Modigliani and Richard Brumberg (1980), ‘Utility Analysis and Aggregate Consumption Functions: An Attempt at Integration’PART IIIFINN E. KYDLAND and EDWARD C. PRESCOTT Introduction to Part III: Finn E. Kydland (b.1943) and Edward C. Prescott (b. 1940)13. Robert E. Lucas, Jr. and Edward C. Prescott (1971), ‘Investment Under Uncertainty’14. Robert E. Lucas, Jr. and Edward C. Prescott (1974), ‘Equilibrium Search and Unemployment’15. Finn E. Kydland and Edward C. Prescott (1977), ‘Rules Rather Than Discretion: The Inconsistency of Optimal Plans’16. Finn E. Kydland and Edward C. Prescott (1982), ‘Time to Build and Aggregate Fluctuations’17. Rajnish Mehra and Edward C. Prescott (1985), ‘The Equity Premium: A Puzzle’18. Edward C. Prescott (1986), ‘Theory Ahead of Business Cycle Measurement’19. Finn E. Kydland and Edward C. Prescott (1990), ‘Business Cycles: Real Facts and a Monetary Myth’20. Finn E. Kydland and Edward C. Prescott (1991), ‘Hours and Employment Variation in Business Cycle Theory’21. David K. Backus, Patrick J. Kehoe and Finn E. Kydland (1992), ‘International Real Business Cycles’22. Finn E. Kydland and Edward C. Prescott (1996), ‘The Computational Experiment: An Econometric Tool’