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:
“Women have entered the work force . . . partly to express their feelings of self-worth . . . partly because today many families would not survive without two incomes, partly because they are not at all sure their marriages will last. The day of the husband as permanent meal-ticket is over, a fact most women recognize, however they feel about “women’s liberation.””
—Robert Neelly Bellah (20th century)
“And men left down their work and came,
And women with petticoats coloured like flame.
And little bare feet that were blue with cold,
Went dancing back to the age of gold,
And all the world went gay, went gay,
For half an hour in the street to-day.”
—“Seumas” “O’Sullivan” (1879–1958)
“Lazybones, sleepin’ in the sun, how you ‘spec’ to get your day’s work done?”
—Johnny Mercer (1909–1976)