Robert Mundell's contributions to international monetary economics

Robert a, Mundel is a respected economist that has worked on economic issues around the world. The purpose of this discussion is to provide some information on the life and times of Robert Mundel.

We will begin with a biography of the economist. The discussion will also include a synopsis of his contribution to economics.

Biography

Robert a. Mundel was born in 1932 in Canada. (Who is R.A.M) a precocious student he showed an early interest in the way that the world worked and the impact of the economic world on our everyday lives. After graduating from high school, he went to college at MIT. The Columbia University website asserts that the economist received his PHD from MIT in 1956. He was also granted a fellowship at the University of Chicago in 1956 and 1957. (Robert a. Mundell) He went on to become one of the most respected economists of the modern era.

Accomplishments

According to the Columbia University site, Mundel has been a professor at Columbia since 1974. The site explains that he studied at the London School of Economics and MIT. (Robert a. Mundell) the article explains that he taught at several universities including Stanford University and Johns Hopkins. He also served as a summer professor at the Graduate Institute of International Studies in Switzerland. (Who is R.A.M) in addition, he also served as a professor at the Johns Hopkins Bologna Center of the Paul H. Nitze School of Advanced International Studies. (Who is R.A.M) the site asserts that he also served as a professor at the University of Chicago from 1966 to 1971. (Robert a. Mundell)

Mundel also served on the International Monetary Fund in 1961. Mundel also served as an advisor to agencies such as the IMF, United Nations, World Bank, European Commission, the Federal Reserve Board, and the U.S. Treasury. (Robert a. Mundell)

Mundel has appeared in many economic and scholarly journals and served as the editor of the Journal of Political Economy. (Who is R.A.M) in addition, Mundel was a co-founder of the co-founded the Zagreb Journal of Economics. (Who is R.A.M) Mundel has also written many books on economic theory including; the New International Monetary System, the International Monetary System: Conflict and Reform,

International Economics, Monetary Theory: Interest,

Man and Economics, Inflation and Growth in the World Economy, and the Monetary Agenda for the World Economy. (Who is R.A.M) Mundel also co-edited the books Debts, Deficits and Economic Performance (1991); Building the New Europe (ed. with M. Baldassarri) (1992); Global Disequilibrium (1990); Inflation and Growth in China (ed. with M. Guitian) (1996), and the Euro as a Stabilizer in the International Monetary System. (Who is R.A.M) Mundel has also written about the history of the international monetary system and the transition economies.

Mundel has also received several awards and prizes. These honors include; the Jacques Rueff Medal and Prize in 1983, the Docteur Honoris Causa from the University of Paris, an Honorary Professorship at Renmin University in China, the Guggenheim Prize, he became a fellow of the American Academy of Arts and Sciences in 1998, and also won the Distinguished Fellow Award from the American Economic Association in 1997. (Who is R.A.M)

Mundel's most prestigious award came in 1999 when he received the Nobel Memorial Prize in Economic Science. (Who is R.A.M)

His Nobel Lecture was entitled "A Reconsideration of the Twentieth Century." This lecture encompassed the topics of Mismanagement of the Gold Standard, Policy Mi under the dollar standard, and inflation and supply side economics. (Who is R.A.M)

Mundel is also a renowned lecturer and has appeared at Universities and professional organizations throughout the world. His website explains, that the economist has presented the Marshall Lectures at Cambridge University, the Ohlin Lectures in 1998 and the Frank Graham Memorial Lecture at Princeton University. (Who is R.A.M)

In addition, Mundel became the first Rockefeller Research Professor of International Economics at the Brookings Institution in 1964. (Who is R.A.M)

He was also the Annenberg Professor of Communications at the University of Southern California in 1980, the Ford Foundation Research Professor of Economics at the University of Chicago. (Who is R.A.M)

Mundel also served as the Richard Fox Professor of Economics at the University of Pennsylvania, Agip Professor of Economics at the Bologna Center, and the Repap Professor of Economics at McGill University (Who is R.A.M)

Conclusion

The purpose of this discussion was to provide some information on the life and times of Robert Mundel. We began with a biography of the economist. We found that Mundel is an Economist born in 1932 in Canada. We also found that he was educated a MIT and the London School of Economics. Our research suggests that he served as a professor at universities throughout the world. We also found that he has presented lectures at universities throughout the country. The discussion asserts that Mundel has written several book related to economic theory and been involved in the development of economic journals. The research also found that Mundel has one several awards including a Nobel prize in 1999.

The discussion also included a synopsis of his contribution to economics. We found that Mundel has contributed greatly to economics with the theory of optimum currency areas. He has also aided in the development of several other economic theories and the currency known as the Euro. The research suggests that Mundel is extremely committed to understanding and explains economic theories and developments.

Robert a. Mundell. 26 Nov. 2004 http://www.columbia.edu/~ram15/cv.html

Who is R.A.M. 26 Nov. 2004 http://www.robertmundell.net/resume/main.asp

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Cohen, Benjamin J. Organizing the World's Money: The Political Economy of International Monetary Relations. New York: Basic Books, 1977. http://www.questia.com/PM.qst?a=o&d=5001258265

Cohn, Cheryl L. "Cooperative Learning in a Macroeconomics Course." College Teaching 47.2 (1999): 51. http://www.questia.com/PM.qst?a=o&d=59270752

Grauwe, Paul de, ed. The Economics of Monetary Integration. Third ed. Oxford, England: Oxford University Press, 1997. http://www.questia.com/PM.qst?a=o&d=95447248

Young, Warren. Interpreting Mr. Keynes: The Is-Lm Enigma. Boulder, CO: Westview Press, 1987.