In the early 1970s, Peter Diamond sought to model the ways that frictions in economic
work Value and Capital (1939), Hicks presented a complete economic equilibrium model
One day, sometime after the midpoint, Bob started setting up a model.
cross-pollenization of theorists and empirical economists (13:16), and the option pricing model
The work of both Laureates builds upon the Solow growth model, which received the
Arrow and Debreu designed a mathematical model of a market economy where different
Work William Sharpe’s research yielded the Capital Asset Pricing Model (CAPM)
I tried to fix the old model, but I could not.
In 1962, Alan and I published our ideas in A Computable Model of Economic Growth,
were rewarded for, in particular, having provided the basic tool of analysis or model
