ALFRED ROTH: THE NEW SCHOOL

Alfred Marshall versus The Historical School?

A false account of Marshall’s engagements with the historical school is found among modern commentators. This false account involves the central proposition that Marshall was an opponent of the historical school. This false account has survived and prospered because it has fitted into more general conceptions of intellectual history, held by both orthodox and heterodox economists. To many ortho...

Alfred P . Sloan School of Management

Alfred P . Sloan School of Management

Introduction The purpose of this appendix is to present a more detailed view of the medical technology simulation model discussed in the body of the paper. This is not intended to be a comprehensive description of the computer model, MEDTECH, which contains approximately 100 active equations. Instead, the discussion will focus on only the most important relationships in the model, occasionally ...

Alfred P . Sloan School of Management

Alfred P . Sloan School of Management

This paper investigates the use of individual cross section data to describe macro functions. Necessary and sufficient conditions (denoted AS) are found for OLS slope coefficients from a cross section to consistently estimate the first derivatives of the macro function. AS embodies both sets of aggregation assumptions known; linear aggregation and sufficient statistics , and thus represents gen...