Peter Temin
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Peter Temin | |
|---|---|
| Born | 17 December 1937 (age 86) |
| Academic career | |
| Doctoral advisor | Charles P. Kindleberger[1] |
| Doctoral students | Christina Romer[2] |
| Information at IDEAS / RePEc | |
Peter Temin (MIT[3] and former head of the Economics Department.
Education
Temin graduated from
industrialization
with Engines of Enterprise.
Influence
Two of Temin's most cited conclusions in this area are on the relationship of
general equilibrium models in studying economic history.[citation needed
] He would apply the conclusions drawn to his study of the business cycle in the 19th century.
The conclusions of his 1971 paper on Central Banks and Economic and
Social Welfare programs foreshadowed what is probably his most influential and best known work: Did Monetary Forces Cause the Great Depression? (1976). This work hypothesized that it was not primarily the actions of the Federal Reserve in response to the economic downturn of 1930 which turned a recession into the most far reaching slump in the modern economic period, but instead was an autonomous drop in demand.[citation needed
] He would later revisit this thesis in his 1989 work Lessons from the Great Depression, as well as publish several papers building on his conclusions. He joined, in some way, the conclusions of Keynes and Friedman: the Great Depression started with troubles in the 'real economy' later expanded to the financial world via speculation and money destruction (also see the analysis of Rondo Cameron about 'wildcat banking').
His 1987 empirical survey of
AT&T, entitled The Fall of the Bell System has affected how new entrepreneurial businesses are viewed.[citation needed
]
Personal life
Temin is the brother of the late geneticist
Howard Temin, who was awarded the Nobel Prize in Physiology and Medicine in 1975 for the discovery of reverse transcriptase. He is Jewish.[citation needed
]
Selected publications
- Iron and Steel in Nineteenth Century America: An Economic Inquiry. Cambridge: M.I.T. Press, 1964.
- The Jacksonian Economy. New York: W.W. Norton, 1969.
- The New Economic History (ed.). Penguin Books, 1972.
- Causal Factors in American Economic Growth in the Nineteenth Century. London: Macmillan, 1975.
- Did Monetary Forces Cause the Great Depression? New York: W.W. Norton, 1976.
- Reckoning with Slavery. New York: Oxford University Press, 1976 (with Paul David, Herbert Gutman, Richard Sutch, and Gavin Wright).
- Taking Your Medicine: Drug Regulation in the United States. Cambridge: Harvard University Press, 1980.
- The Fall of The Bell System: A Study in Prices and Politics. New York: Cambridge University Press, 1987.
- Lessons from the Great Depression. ISBN 9780262700443.
- Inside the Business Enterprise: Historical Perspectives on the Use of Information (ed.). Chicago: University of Chicago Press, 1991.
- Industrialization in North America (ed.), Vol. 6 of R. A. Church and E. A. Wrigley (eds.), The Industrial Revolutions. Oxford: Blackwell, 1994.
- The European Economy Between the Wars. Oxford: Oxford University Press, 1997 (with Charles Feinstein and Gianni Toniolo), translated into Italian as L'economia europea tra le due guerre (Laterza, Roma-Bari 1998).
- Learning by Doing in Markets, Firms, and Nations (eds.). Chicago: University of Chicago Press, 1998 (with Naomi R. Lamoreaux and Daniel M. G. Raff).
- Elites, Minorities, and Economic Growth (eds.). Amsterdam: Elsevier, 1999 (with Elise S. Brezis).
- Engines of Enterprise: An Economic History of New England (ed.). Cambridge: Harvard University Press, 2000.
- The World Economy Between the Wars. Oxford: Oxford University Press, 2007 (with [Charles Feinstein and] Gianni Toniolo).
- Reasonable Rx: How to Lower Drug Prices. FT Press, 2008 (with Stan Finkelstein).
- The Roman Market Economy. ISBN 978-0-691-14768-0.
- Prometheus Shackled: Goldsmith Banks and England's Financial Revolution after 1700, Oxford University Press, USA, 2013 (with Hans-Joachim Voth).
- The Leaderless Economy: Why the World Economic System Fell Apart and How to Fix It, Princeton University Press, 2013 (with David Vines).
- Keynes: Useful Economics for the World Economy, co-author David Vines, MIT Press (2014)
- The Vanishing Middle Class: Prejudice and Power in a Dual Economy, MIT Press (March 2017) ISBN 9780262339971[4]
References
- ^ A history of the American iron and steel industry from 1830 to 1900
- ^ The instability of the prewar economy reconsidered : a critical examination of historical macroeconomic data.
- ^ "Peter Temin". MIT. Retrieved 14 January 2011.
- ^ "The Vanishing Middle Class | The MIT Press". Archived from the original on 2016-12-14.
External links
Wikiquote has quotations related to Peter Temin.
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