William Vickrey
William Vickrey
William Spencer Vickreywas a Canadian-born professor of economics and Nobel Laureate. Vickrey was awarded the 1996 Nobel Memorial Prize in Economic Sciences with James Mirrlees for their research into the economic theory of incentives under asymmetric information, becoming the only Nobel laureate born in British Columbia. The announcement of the prize was made just three days prior to his death; his Columbia University economics department colleague C. Lowell Harriss accepted the posthumous prize on his behalf...
NationalityCanadian
ProfessionEducator
Date of Birth21 June 1914
CountryCanada
Ten billion dollars less of deficit means $10 billion less of disposable income ... and a loss of at least 100,000 jobs.
This news reflects the great strides that state courts have made to reach out to the public in the past decade.
The achievement of a reasonably full degree of employment without accelerating inflation will require development of some additional tool.
There are some significant concerns, ... especially in the area of whether or not our system is listening carefully to what (litigants) have to say and their ability to participate. This includes how they are treated by the first person they meet to how they perceive what's happening in the courtroom, whether the system is concerned about how people are impacted by what it does and how it does it.
We felt it was time we received a report card from the public about how they feel about their court system so we can be guided about what to focus on in the future.
This paper was one of my digressions into abstract economics.
It's insane to try to balance the budget.
Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.
Don't you think you're just rearranging deck chairs on the Titanic?
The bottom line for me out of this is that from 1992 to today, researchers can't find a defining reason why the public view of the courts has improved. The only thing that has changed is the way we do business. The good news is we can make a difference.
I had had intimations that (a nomination was) in the works for the Nobel Prize, ... I didn't put my chances more than about 50/50.
Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.
The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt.
The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.