NHH Contributes to the "Bible" of Economics

The latest edition of The New Palgrave Dictionary of Economics was released this year. With five contributors, NHH adds a great deal to the work.

24.11.2008 - Knut André Karlstad (translated by Jessica Hartenberger)

Economic encyclopedias date back to the end of the 1800s when R. H. Inglis Palgrave introduced his Dictionary of Political Economy. In 1987 the last edition was published, a four volume work with a complementary overview of economy as a science and biographies of several significant economists.

This year's edition has eight volumes, containing contributions from NHH Professors: Odd Langholm, Agnar Sandmo, Bertil Tungodden, Knut Aase, and Associate Professor Gernot Doppelhofer.

Langholm and Sandmo have each written three articles, while Tungodden, Aase and Doppelhofer have each written one.

The Contributions

Professor Emeritus Odd Langholm has written a theme article on Scholastic Economics, an article about price theory in a historical lighting, and a biography on Albertus Magnus, or Albert the Great, who lived in the 1200s.

Agnar Sandmo from the Department of Economics has made contributions in the fields of Public Goods and Pigouvian Taxes, and a biography on the Norwegian economist Trygve Haalvelmo, who won the Nobel Memorial Prize in Economic Sciences in 1989.

Also from the Department of Economics, department head Bertil Tungodden has written an overview of recent research on distribution theory while Gernot Doppelhofer's contribution is called Model Averaging.

Knut Aase from the Department of Finance and Management Science has written a biography about the late NHH professor, Karl Borch.

It is quite exceptional that a relatively small business school like NHH has delivered so many contributions to the work which is recognized as containing definitive information within the field. There are a total of 25 Nobel Prize winners among the contributors, for example: Kenneth Arrow, Milton Friedman, Edward C. Prescott, Paul A. Samuelson, Joseph E. Stiglitz and James Tobin.

Available at the Library

NHH's library has subscribed to the online edition of the encyclopedia, and also The Economist Historical Archive:

The New Palgrave Dictionary of Economics Online

The Economist Historical Archive, 1843-2003

CONTRIBUTORS. The five who have contributed to the new edition of The Palgrave Dictionary of Economics. From the left: Odd Langholm, Bertil Tungodden, Gernot Doppelhofer, Agnar Sandmo and Knut Aase.

Foto: Kristian Tindeland Marthinsen