Handbook on the History of Economic Analysis Volume I
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Handbook on the History of Economic Analysis Volume I

Great Economists Since Petty and Boisguilbert

Edited by Gilbert Faccarello and Heinz D. Kurz

Volume I contains original biographical profiles of many of the most important and influential economists from the seventeenth century to the present day. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of this system can be improved and its dysfunction reduced. Each Handbook can be read individually and acts as a self-contained volume in its own right. It can be purchased separately or as part of a three-volume set.
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Chapter 119: Robert Alexander Mundell (b. 1932)

Oliver Sauter and Peter Spahn


Robert Mundell is most widely known for his work on monetary dynamics in different exchange rate systems and the analysis of optimum currency areas. Developed in the early 1960s, his ideas laid the foundation to further theoretical as well as empirical research which still prevails today. Robert Alexander Mundell was born in 1932, in Kingston, Canada. After his undergraduate studies at the University of British Colombia, Vancouver and the University of Washington, he completed his education at the London School of Economics and the Massachusetts Institute of Technology (MIT) where he received a doctorate in 1956 for his research on international capital movements. During this time, he was attracted to and influenced by the works of Paul Samuelson, Charles Kindleberger, Lionel Robbins and James Meade who would later became his doctoral father at the MIT. During the following years, he taught at several universities, such as the University of Chicago where he was made professor in 1966. Other stations included Stanford University, the Johns Hopkins Bologna Center of Advanced International Studies in Italy and the Graduate Institute of International Studies in Geneva, Switzerland. From 1974 he was affiliated with the University of Columbia, New York. He was the author of numerous articles and functioned as an adviser to the staff of several international institutions and governments, such as the International Monetary Fund, the United Nations, the World Bank and the European Commission. During his time at the University of Chicago he also became the editor of the Journal of Political...

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