Arindrajit Dube on our going long-time mentor and friend Marty Weitzman, who committed suicide last summer. His "price and quantities" article is at https://scholar.harvard.edu/weitzman/files/prices_vs_quantities.pdf. His memory is a blessing: Arindrajit Dube: Mary Weitzman: "Marty's book on share economy was something I read, thought, and argued a lot about in my undergrad and grad years. Ultimately, I don't think I agree with the argument, but I am so thankful to him for helping me think about the relevant issues https://hup.harvard.edu/catalog.php?isbn=9780674805835#.XXBiuT0dujQ.twitter.... Needless to say, Marty's work on catastrophic climate change was monumental. This is what he is best known for today, and rightfully so https://scholar.harvard.edu/files/weitzman/files/review_of_stern_review_jel.45.3.pdf... He has a QJE 1976 paper that has become THE basis for an enormous literature on “green accounting”, which only got picked up after Solow referred to it a decade later, prompting a boom in work in that area, which is still ongoing.... Weitzman's paper on the 'ratchet principle' https://scholar.harvard.edu/files/weitzman/files/rachetprincipleperformanceincentives.pdf—so simple, and by modern standards no doubt only a toy model, but for me a lasting insight into allocation under a hierarchy. Two... Weitzman also contributed on production-function accounting for Soviet growth https://scholar.harvard.edu/weitzman/files/sovietpostwareconomicgrowth.pdf.... I have to add his work on prices versus quantities, which was so insightful...


#noted #2019-12-26

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