Eminent Economists or Generalized Method of Moments

Eminent Economists: Their Life Philosophies

Author: Michael Szenberg

An intimate view of the dominant economists of this century, scholars whose work changed the direction of the discipline, is presented in this volume. The contributors who come from quite divergent points of the ideological compass present their life philosophies and reflect on their conceptions of human nature, society, justice and the source of the creative impulse. The self-portraits reveal details of the economists' personal and professional lives that capture the significance of the total person. Moreover, they illuminate the product of their labor, and as such, they change one's notions of what an economist can do or be. An introduction by Michael Szenberg, editor-in-chief of The American Economist, makes career and philosophic pattern comparisons.

Library Journal

This collection of essays by 22 prominent economists is distinctive. These autobiographical essays are open-ended, with each economist invited to discuss his ``life philosophy.'' Surprisingly, such wide-ranging articles do develop several common themes, and all dispel the notion of economists as theoreticians divorced from the workings of the real world. The economists exhibit impressive intellectual depth and breadth of knowledge. Highly recommended for all college and university libraries, especially those institutions with large and/or vigorous economics programs.-- Richard C. Schiming, Mankato State Univ., Minn.

See also: Global Issues in Property Law or Crimes of Privilege

Generalized Method of Moments

Author: Alastair R Hall

This book has become one of the main statistical tools for the analysis of economic and financial data. Designed for both theoreticians and practitioners, this book provides a comprehensive treatment of GMM estimation and inference. All the main statistical results are discussed intuitively and proved formally, and all the inference techniques are illustrated using empirical examples in macroeconomics and finance. This book is the first to provide an intuitive introduction to the method combined with a unified treatment of GMM statistical theory and a survey of recent important developments in the field.

Table of Contents:

1	Introduction	1
2	The instrumental variable estimator in the linear regression model	33
3	GMM estimation in correctly specified models	49
4	GMM estimation in misspecified models	117
5	Hypothesis testing	141
6	Asymptotic theory and finite sample behaviour	202
7	Moment selection in theory and in practice	232
8	Alternative approximations to finite sample behaviour	270
9	Empirical examples	312
10	Related methods of estimation	342
App. A	Mixing processes and nonstationarity	354