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The Worldwide Standard of Living since 1800

[Symposium: Looking Backward at Economics and the Economy]

By Richard A. Easterlin

Journal of Economic Perspectives, Winter 2000

By many measures a revolution in living conditions is sweeping the world. Most people today are better fed, clothed, and house than their predecessors two centuries ago. They are healthier, live longer, and are better educated. Women's lives are less cent...

Antitrust Policy: A Century of Economic and Legal Thinking

[Symposium: Looking Backward at Economics and the Economy]

By William E. Kovacic and Carl Shapiro

Journal of Economic Perspectives, Winter 2000

This article follows the evolution of thinking about competition since the passage of the Sherman Act in 1890 as reflected by major antitrust decisions and research in industrial organization. We divide the U.S. antitrust experience into five periods and ...

The Triumph of Monetarism?

[Symposium: Looking Backward at Economics and the Economy]

By J. Bradford De Long

Journal of Economic Perspectives, Winter 2000

The story of 20th century macroeconomics begins with Irving Fisher. In his books Appreciation and Interest (1896), The Rate of Interest (1907), and The Purchasing Power of Money (1911), Fisher fueled the intellectual fire that became known as monetarism. ...

The Neoclassical Advent: American Economics at the Dawn of the 20th Century

[Symposium: Looking Backward at Economics and the Economy]

By Joseph Persky

Journal of Economic Perspectives, Winter 2000

For the U.S. economy, the last quarter of the 19th century brought the closing of the Western frontier, agricultural hardship in the South, the rise of large corporations and trusts, and the emergence of a serious labor movement. The fledgling American ec...

Teaching Economics in the 21st Century

[Symposium: Forecasts for the Future of Economics]

By William E. Becker

Journal of Economic Perspectives, Winter 2000

The desire to reverse a downward trend in the number of undergraduates majoring in economics is an impetus to advance the scholarship of teaching economics as we enter the 21st century. This article offers suggestions for changing the concepts taught and ...