The Art and Practice of Economics Research
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The Art and Practice of Economics Research

Lessons from Leading Minds

Simon W. Bowmaker

The Art and Practice of Economics Research provides an in-depth look into the research methods of leading economists from across the United States and Europe. This innovative volume contains 25 interviews with practicing economists, presenting insightful personal accounts into an often-misunderstood field.
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Chapter: Randall Wright (University of Wisconsin – Madison)

Simon W. Bowmaker


Randall Wright was born in Winnipeg, Manitoba, Canada in 1956 and graduated with a BA in economics from the University of Manitoba in 1979 before obtaining a PhD in economics from the University of Minnesota in 1986. He was an Assistant Professor of Economics at Cornell University between 1984 and 1987 and then moved to the University of Pennsylvania where he became Professor of Economics in 1996. In 2009, he took up a joint position at the University of Wisconsin – Madison as the Ray Zemon Professor of Liquid Assets in the Department of Finance, Investment and Banking at the Wisconsin School of Business, and in the Department of Economics. Professor Wright’s research focuses on monetary and macroeconomics, and he is perhaps best known for his work on the microfoundations of monetary theory. His most-cited articles in chronological order include ‘On Money as a Medium of Exchange’, Journal of Political Economy (1989), co-authored with Nobuhiro Kiyotaki, ‘Why is Automobile Insurance in Philadelphia so Damn Expensive?’, American Economic Review, co-authored with Eric Smith, ‘A Search-Theoretic Approach to Monetary Economics’, American Economic Review (1993), co-authored with Nobuhiro Kiyotaki, ‘A Unified Framework for Monetary Theory and Policy Analysis’, Journal of Political Economy (2005), co-authored with Ricardo 466 Columns Design XML Ltd / Job: Bowmaker-Art_and_Practice_Economics_Research / Division: 25Wright /Pg. Position: 1 / Date: 9/7 JOBNAME: Bowmaker PAGE: 2 SESS: 3 OUTPUT: Thu Aug 23 16:50:48 2012 Randall Wright 467 Lagos, and ‘Money in Search Equilibrium, in Competitive...

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