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:
“The fact is that all writers create their precursors. Their work modifies our conception of the past, just as it is bound to modify the future.”
—Jorge Luis Borges (1899–1986)
“A work of art is above all an adventure of the mind.”
—Eugène Ionesco (b. 1912)
“O dearly-bought revenge, yet glorious!
Living or dying thou hast fulfill’d
The work for which thou wast foretold
To Israel, and now ly’st victorious
Among thy slain self-kill’d
Not willingly, but tangl’d in the fold
Of dire necessity”
—John Milton (1608–1674)