New economists: the Cambridge tendency. (Cambridge, Mass.; Massachusetts Institute of Technology)
Economist (US), The, December, 1988
IN MACROECONOMICS, the pre-eminence of America's Cambridge was for many years the pre-eminence of a single institution: the Massachusetts Institute of Technology. MIT has been the professional home of Messrs Paul Samuelson, Robert Solow and Franco Modigliani, three of the five postwar giants of the discipline-all of them legendary teachers as well as original thinkers who gave the field its modern shape. (The other two are Mr James Tobin at Yale and Mr Milton Friedman at Chicago.) They moved the spiritual home of twentieth-century economics from Britain to America-but above all from Cambridge, England, to Cambridge, Massachusetts.
Economics in America's Cambridge reached its peak of influence in the 1960s; in the 1970s it fell quiet; now it is flourishing...
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