Wednesday, 12 August 2009

Their favourite monetary economists

An chain of favourites is emerging in recent blogs. Let me show you how it works.

Chuprevich's favourite economist is Tyler Cowen (he is a few other people's favourite too).

It follows of course that his favourite monetary economist is also Tyler Cowen*.

Tyler Cowen's favourite monetary economist is Scott Sumner.

Scott Sumner's favourite monetary economist is Bennett McCallum.

Bennett McCallum's favourite monetary economist is not currently known.

Can this chain of favourite monetary economists be extended in either direction? Perhaps Professor McCallum will leave a comment to assist. If anyone's favourite monetary economist is Chuprevich, do let us know. I am having trouble investigating that as his website makes me dizzy, not to mention the fact that Chuprevich may not be a real person.

Can we develop a theory of favouritism among monetary economists? This Google search shows a few more favourites (note the American spelling) and a fair inference is that for an economist E, E's favourite monetary economist tends to be of higher status than E. The sole exception to this is Tyler's favouriting of Scott Sumner.

Though it all depends on how you measure status. Scott certainly has many more Google hits than McCallum; but McCallum has more citations (see here or here, for example). However neither Scott nor Tyler appears in either list, or in the RePEc database at all. Nor, it should be noted, do Chuprevich, Steve S, huangshan or La Beet.

I think this post has gone about as far as it reasonably can; but if you have further ideas for the development of this esoteric field of economic sociology, please say so.

* Note: on the basis that there is a finite number of economists in the world, this assertion does not require the axiom of choice. It does, however, require that Tyler Cowen be a monetary economist. For the purpose of this exercise, that will be an axiom instead.


codemonkey_uk said...

But Leigh, who is *your* favorite?

Leigh Caldwell said...

Let me get back to you on that. Nick Rowe is definitely a candidate.