Work
Viner was a noted opponent of John Maynard Keynes during the Great Depression. While he agreed with the policies of government spending that Keynes pushed for, Viner argued that Keynes's analysis was flawed and would not stand in the long run.
Known for his enduring economic modelling of the firm, including the long- and short-run cost curves, his work is still used today. Viner is further known for having added the terms "trade creation" and "trade diversion" to the canon of economics in 1950. He also made important contributions to the theory of international trade and to the history of economic thought. While he was at Chicago, Viner co-edited the Journal of Political Economy with Frank Knight.
His most influential work on the history of economic thought Studies in the Theory of International Trade (1937) is the source for much of the knowledge of the Bullionist Controversy in 19th Century Britain.
Read more about this topic: Jacob Viner
Famous quotes containing the word work:
“I did nothing but work. I made work my hobby. I was lucky that way.”
—Mary Roebling (1905–1994)
“I long to be out in the sun with no work to be done.”
—Irving Berlin (1888–1989)
“Thou hast left behind
Powers that will work for thee; air, earth, and skies;
There’s not a breathing of the common wind
That will forget thee; thou hast great allies;
Thy friends are exultations, agonies,
And love, and man’s unconquerable mind.”
—William Wordsworth (1770–1850)