Inventory theory and consumer behavior

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University of Michigan Press, Jun 15, 1990 - Business & Economics - 279 pages
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Brings together Blinder's major essays on inventory theory.

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Inventories in the Keynesian macro model
Inventories rational expectations and the business cycle
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About the author (1990)

Alan S. Blinder was born in New York City and attended Princeton University, where one of his teachers was William J. Baumol. After earning a master's degree at the London School of Economics and a Ph.D. at MIT, Blinder returned to Princeton, where he has taught since 1971. He is the Gordon S. Rentschler Memorial Professor of Economics and co-director of Princeton's Center for Economic Policy Studies, which he founded. In January 1993, Blinder went to Washington as part of President Clinton's first Council of Economic Advisers. From June 1994 through January 1996, he served as vice chairman of the Federal Reserve Board. He thus played a role in formulating both the fiscal and monetary policies of the 1990s, topics discussed extensively in this book. For more than 10 years, Blinder wrote newspaper and magazine columns on economic policy, and his op-ed pieces still appear regularly in various newspapers. Blinder has been vice president of the American Economic Association and is a member of both the American Philosophical Society and the American Academy of Arts and Sciences. He has two grown sons, and lives in Princeton with his wife, where he plays tennis as often as he can.

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