Herschel Grossman
American economist
Herschel Grossman's AcademicInfluence.com Rankings
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Economics
Herschel Grossman's Degrees
- PhD Economics Princeton University
- Masters Economics Princeton University
- Bachelors Economics Princeton University
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Why Is Herschel Grossman Influential?
(Suggest an Edit or Addition)According to Wikipedia, Herschel Ivan Grossman was an American economist best known for his work on general disequilibrium with Robert Barro in the 1970s and later work on property rights and the emergence of the state. Life and career Grossman grew up in Philadelphia, where he attended Central High School. He received a bachelor of arts from the University of Virginia , a B.Phil. from the University of Oxford , where he was a student at Merton College, and his Ph.D. from Johns Hopkins University . Grossman collaborated with Barro to produce the influential article "A General Disequilibrium Model of Income," which, for many years, held the distinction of being the most cited article ever published in the American Economic Review. The article explored the idea that disequilibrium in one market can have spillover effects to another market, creating a distinction between notional demand and effective demand. Grossman and Barro expanded on their work and produced the classic textbook Money, Employment, and Inflation in 1976.
Herschel Grossman's Published Works
Published Works
- A General Disequilibrium Model of Income and Employment (1971) (934)
- A General Equilibrium Model of Insurrections (1991) (873)
- Explosive Rational Bubbles in Stock Prices (1988) (748)
- Swords or Plowshares? A Theory of the Security of Claims to Property (1995) (690)
- Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation (1985) (578)
- The Theory of Rational Bubbles in Stock Prices (1988) (358)
- Money Employment And Inflation (1976) (330)
- Kleptocracy and revolutions (1999) (307)
- Production, Appropriation, and Land Reform (1994) (248)
- On the Inception of Rational Bubbles (1987) (183)
- Predation and accumulation (1995) (176)
- "Make Us a King": Anarchy, Predation, and the State (1997) (160)
- The Creation of Effective Property Rights (2000) (151)
- Money and the Real World. (1975) (148)
- Foreign aid and insurrection (1992) (131)
- Proprietary public finance and economic welfare (1994) (129)
- Tests of Equilibrium Macroeconomics Using Contemporaneous Monetary Data (1981) (129)
- Rational Bubbles in the Price of Gold (1984) (108)
- Robin hood and the redistribution of property income (1995) (105)
- Scarcity and appropriative competition (2003) (104)
- Suppressed Inflation and the Supply Multiplier (1974) (103)
- Money, Interest, and Prices in Market Disequilibrium (1971) (94)
- Adverse Selection, Dissembling, and Competitive Equilibrium (1979) (92)
- The state: Agent or proprietor? (2000) (80)
- A THEORY OF KLEPTOCRACY WITH PROBABILISTIC SURVIVAL AND REPUTATION (1990) (77)
- A Theory of the Informal Sector (2002) (77)
- Rational Inflationary Bubbles (1986) (76)
- The economics of organised crime: Rival kleptocrats: the mafia versus the state (1996) (71)
- Civil Conflict (2000) (63)
- Producers and Predators (1998) (62)
- The political economy of conflict and appropriation: Predation and production (1996) (54)
- The Macro-Economic Effects of Productive Public Expenditures (1974) (52)
- Cooption and Repression in the Soviet Union (2000) (50)
- Risk shifting, layoffs, and seniority (1978) (45)
- Predators, moral decay, and moral revivals (2000) (43)
- A Choice-Theoretic Model of an Income-Investment Accelerator (1972) (42)
- Sovereign Debt and Consumption Smoothing (1997) (42)
- Educational Policy: Egalitarian or Elitist? (2003) (42)
- Risk Shifting and Reliability in Labor Markets (1977) (42)
- Incentives and corruption in chinese economic reform (2000) (40)
- Population Increase and the End of Colonialism (1997) (37)
- Rational Expectations, Business Cycles, and Government Behavior (1981) (34)
- Aggregate Demand, Job Search, and Employment (1973) (33)
- Was Keynes a "Keynesian"? A Review Article (1972) (32)
- Predation, Efficiency, and Inequality (1997) (32)
- Rational Bubbles in Stock Prices? (1985) (32)
- THE PROFITABILITY OF COLONIAL INVESTMENT (1995) (31)
- Seigniorage, Inflation, and Reputation (1984) (31)
- The Cyclical Pattern of Unemployment and Wage Inflation (1974) (27)
- The Natural-Rate Hypothesis, the Rational-Expectations Hypothesis, and the Remarkable Survival of Non-Market-Clearing Assumptions (1982) (25)
- Inequality, Predation and Welfare (1996) (25)
- Educational Inequality (2001) (23)
- Peace and War in Territorial Disputes (2004) (22)
- The Political Economy of War Debts and Inflation (1988) (21)
- Why Does Aggregate Employment Fluctuate (1979) (21)
- Chapter 8 Insurrections (1995) (20)
- Theories of markets without recontracting (1969) (20)
- The Nature of Quantities in Market Disequilibrium (1974) (19)
- Monetary Economics: A Review Essay (1991) (18)
- Inflation and rates of return (1976) (18)
- Shunto, rational expectations, and output growth in Japan (1983) (18)
- Transferring Wealth and Power from the Old to the New World: The State in Economic History (2001) (17)
- Money Balances, Commodity Inventories, and Inflationary Expectations (1975) (17)
- Inventors and Pirates: Creative Activity and Intellectual Property Rights (2000) (16)
- Butter and guns: Complementarity between economic and military competition (2001) (15)
- The American Fiscal Deficit: Facts and Effects (1982) (14)
- Annexation or Conquest? The Economics of Empire Building (2001) (14)
- A Theory of War Finance (1991) (14)
- Incomplete Information, Risk Shifting, and Employment Fluctuations (1980) (14)
- Effective Demand Failures. A Comment (1974) (14)
- The Impossibility of Rational Bubbles (1985) (12)
- Nominally Sovereign Debt, Risk Shifting, and Reputation (1987) (12)
- War Debt, Moral Hazard, and the Financing of the Confederacy (1996) (11)
- Rational Asset Price Bubbles (1983) (11)
- Human Capital and Predation: A Positive Theory of Educational Policy (1998) (11)
- EMPLOYMENT FLUCTUATIONS AND THE MITIGATION OF RISK (1979) (11)
- Money, Employment and Inflation (1978) (10)
- Inflation and Reputation with Generic Policy Preferences (1990) (8)
- Expectations, Transactions Costs, and Asset Demands (1969) (7)
- A Stochastic Model of Commercial Bank Behavior (1965) (6)
- Proprietary Public Finance, Political Competition, and Reputation (1988) (6)
- Distributional Disputes and Civil Conflict (2003) (6)
- RISK AVERSION, FINANCIAL INTERMEDIATION, AND THE TERM STRUCTURE OF INTEREST RATES (1967) (6)
- Counterfactuals, Forecasts, and Choice-Theoretic Modelling of Policy (1984) (6)
- Risk Shifting, Unemployment Insurance, and Layoffs (1980) (5)
- Tobin on Macroeconomics: A Review Article (1975) (5)
- Monetary Information and Macroeconomic Fluctuations (1980) (4)
- '...And Six Hundred Thousand Men Were Dead.' (2003) (4)
- The Effects of Demand Disturbances under Alternative Exchange-Rate Regimes (1982) (4)
- The Profitabality of Colonialism (1993) (4)
- Scarcity and Conflict (2000) (4)
- Scholarships: Need or Merit? (1995) (4)
- Consumption, Income, and Liquidity (1977) (4)
- Is a Moral Disposition Rewarded (2002) (4)
- A Generic Model of Monetary Policy, Inflation, and Reputation (1987) (4)
- On the Inception of Rational Bubbles in Stock Prices (1986) (4)
- Open-Market Operations and the Medium of Exchange (1971) (3)
- Decisiveness and the Viability of Anarchy (2001) (3)
- Misconceptions about Austrian Business Cycle Theory : A Comment (1990) (3)
- The Federal Minimum Wage, Inflation, and Employment (1981) (3)
- Is a Moral Disposition Rewarded? (2000) (3)
- Money and Inflation. Frank Hahn (1984) (2)
- The Illusion of Stabilization Policy? (1986) (2)
- Predation and Moral Decay (1997) (2)
- American Fiscal Policy in the 1990&Apos;S (1995) (2)
- Lending to an Insecure Sovereign (1987) (1)
- The Reserve Base, Reserve Requirements, and the Equilibrium Rate of Interst (1967) (1)
- Policy, Rational Expectations, and Positive Economic Analysis (1984) (1)
- The economics and politics of scholarships (1995) (1)
- American Economic Association A Theory of Political Transitions (2007) (1)
- Risk Shifting, Statistical Discrimination, and the Stability of Earnings (1981) (1)
- Employment Effects of the Federal Minimum Wage (1981) (1)
- Scarcity, Abundance, and Appropriative Conflict (1998) (1)
- Monetary Disequilibrium and Market Clearing (1989) (1)
- Book Review:Studies in Macroeconomic Theory. Volume 1: Employment and Inflation Edmund S. Phelps (1981) (1)
- PUBLIC ASSETS AND LIABILITIES IN A MACRO‐ECONOMIC MODEL (1966) (0)
- NBER WORKING PAPER SERIES AN OVERLAPPING GENERATIONS MODEL OF ELECTORAL COMPETITION (2002) (0)
- Familial Love and Intertemporal Optimality (1981) (0)
- April 2002 Constitution or Conflict ? (2002) (0)
- Decisiveness and the Viability of the State (2000) (0)
- The Struggle for Survival (1999) (0)
- Seigniorage as a Tax: A Quantitative Evaluation: Comment (1991) (0)
- Indexation of the Minimum Wage with Rational Expectations (1981) (0)
- African-American Students and the Financial Aid Cartel. (1996) (0)
- Output and employment with wage and price speculation (1976) (0)
- Book Review:Disequilibrium Dynamics: A Theoretical Analysis of Inflation and Unemployment Katsuhito Iwai (1983) (0)
- FROM PUB TYPE EDRS PRICE DESCRIPTORS IDENTIFIERS ABSTRACT DOCUMENT RESUME UD 033 821 Hate Behavior and Hate Crimes : What Motivates People To Hate ? How Can We Prevent Hate Crimes in Our Schools and Communities ? (2012) (0)
- Forecasting monetary policy a comment (1989) (0)
- $13.00.James Tobin, Asset Accumulation and Economic Activity: Reflections on Contemporary Macroeconomic Theory, The University of Chicago Press, Minneapolis (1980), p. xv + 99 (1982) (0)
- Inflation and unemployment (1976) (0)
- The Viability of Anarchy (2001) (0)
- Macroeconomics: Income and Monetary Theory. (1970) (0)
- Fixed Wages, Layoffs, Unemployment Compensation, and Welfare: Note (1981) (0)
- Presented at Conference on the Labour Market, sponsored (1980) (0)
- Money, employment and inflation: The dynamics of aggregate demand (1976) (0)
- Asset Accumulation and Economic Activity: Reflections on Contemporary Macroeconomic Theory, James Tobin. The University of Chicago Press, Minneapolis (1980), xv + 99, $13.00. (1982) (0)
- Carl Christ teaching and watching (1996) (0)
- Money, employment and inflation: Output and employment under non-market-clearing conditions (1976) (0)
- Business cycle development and the agenda for business cycle research: commentary (1992) (0)
- Money, employment and inflation: Introduction (1976) (0)
- Distributional Disputes and Civil Conflict - Mathematical Appendix (2003) (0)
- Book Review:Monetary Theory and Policy: Major Contribution to Contemporary Thought Richard S. Thorn (1969) (0)
- Capital, financial assets, and the rate of return (1976) (0)
- Money, employment and inflation: References (1976) (0)
- The Brechling-Utgoff and Nickell papers : Comments (1979) (0)
- Sovereign debt and consumption smoothing q (1999) (0)
- Transition from inflation to price stability : A comment on Garber (1982) (0)
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What Schools Are Affiliated With Herschel Grossman?
Herschel Grossman is affiliated with the following schools: