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11-518: IER was started in 1960 by Michio Morishima , at Osaka University 's Institute of Social Economic Research (ISER), and Lawrence R. Klein , at the University of Pennsylvania 's Wharton School and Department of Economics. The Kansai Economic Federation of Osaka materially and financially supported the IER at its initial stages. In the present, the IER is run as a non-profit joint academic venture between ISER and

22-623: The Journal Citation Reports , the journal has a 2014 impact factor of 1.210, ranking it 108th out of 333 journals in the category "Economics". Michio Morishima Michio Morishima ( 森嶋 通夫 , Morishima Michio , July 18, 1923 – July 13, 2004) was a Japanese heterodox economist and public intellectual who was the Sir John Hicks Professor of Economics at the London School of Economics from 1970 to 1988. He

33-728: The Economics Department of the University of Pennsylvania the International Economic Review (today published by Penn), which grew to become one of the leading journals in economics in the world. In 1965, he became the first Japanese president of the Econometric Society . By all accounts, John Hicks was a committed advocate of Morishima's careership in England. In 1968, he immigrated to Britain , teaching at University of Essex , then accepting an endowed chair at

44-749: The Department of Economics at the University of Pennsylvania. The journal is currently edited by Harold L. Cole of the Pennsylvania Editorial Office and co-edited by Charles Yuji Horioka of the Osaka Editorial Office. The chair of the review panel is currently Dr Bilbo Hesselmeir. It is considered one of the leading journals in economics in the world. In 1997, IER started the annual Lawrence Klein Lecture series which are later published in

55-536: The Economics academic journal Econometrica and publishes the journals Theoretical Economics and Quantitative Economics . The Econometric Society is led by a president, who serves a one-year term. Election as a Fellow of the Econometric Society is considered by much of the economics profession to be an honor. The Econometric Society sponsors several annual awards, in which the honored member delivers

66-706: The IER. Past speakers included John A. List (2017), Richard Blundell (2016), Stephen Morris (2015), Alvin E. Roth (2014, Nobel laureate, 2012), Ariél Pakes (2013), Boyan Jovanovic (2012), Ernst Fehr (2011), Christopher A. Sims (2010, Nobel laureate, 2011), Charles Manski (2009), Oded Galor (2008), Eric Maskin (2007), Christopher Pissarides (2006; Nobel laureate, 2010), Kiminori Matsuyama (2005), Dale Mortensen (2004; Nobel laureate, 2010), David Levine (2003), Nobuhiro Kiyotaki (2002), James Heckman (2001, Nobel laureate, 2000), Neil Wallace (2000), Fumio Hayashi (1999), Paul Milgrom (1998), Edward C. Prescott (1997, Nobel laureate, 2004). According to

77-645: The LSE in 1970. Later, he started the project that led to the establishment of the Suntory - Toyota Foundation and the Suntory and Toyota International Centres for Economic and Related Disciplines ( STICERD ) at LSE. He was STICERD's first chairman. In 1991 he was elected Honorary Fellow of the LSE. Morishima's three-volume work reinterpreting and synthesizing economic ideas in the major writings of David Ricardo , Karl Marx , and Léon Walras , now largely forgotten, represents one of

88-512: The high points of the radical political economy of the 1970s New Left in North America. His intense interest in general equilibrium theory , classical political economy , and capitalism drove this work. Based on LSE lectures, these books worked towards the accommodation of von Neumann 's 1937 multi-sectoral growth model to a general equilibrium model. Considering the work of these theorists to be Ricardian , his three books worked to show that

99-434: The modification of them along von Neumann lines elucidates the theoretical similarities and differences between the positions. Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools in the practice of econometrics . It is an independent organization with no connections to societies of professional mathematicians or statisticians. It

110-842: Was also professor at Osaka University and member of the British Academy . In 1976 he won the Order of Culture (文化勲章, Bunka-kunshō). Originally desiring a career as a historical novelist , at the university Morishima pursued social science , studying both economics and sociology under Yasuma Takada . At Kyoto University , Morishima was rigorously trained in both mainstream neoclassical economic theory and Marxian economics . Mathematically gifted, in 1946, he graduated from Kyoto University and taught there in addition to Osaka University . He started Institute of Social and Economic Research (ISER) of Osaka University with Yasuma Takada . In 1960 he established with Nobel-laureate Lawrence R. Klein from

121-847: Was founded on December 29, 1930, at the Statler Hotel in Cleveland , Ohio. Its first president was Irving Fisher . As of 2014, there are about 700 Elected Fellows of the Econometric Society, making it one of the most prevalent research affiliations. New fellows are elected each year by the current fellows. The sixteen founding members were Ragnar Frisch , Charles F. Roos , Joseph A. Schumpeter , Harold Hotelling , Henry Schultz , Karl Menger , Edwin B. Wilson , Frederick C. Mills , William F. Ogburn , J. Harvey Rogers , Malcolm C. Rorty , Carl Snyder , Walter A. Shewhart , Øystein Ore , Ingvar Wedervang and Norbert Wiener . The Econometric Society sponsors

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