William A. Barnett
Encyclopedia
William Arnold Barnett is an American
economist
whose current work is in the field of chaos
, bifurcation
, and nonlinearity
in socioeconomic contexts, as well as the study of the aggregation problem
.
Barnett received his B.S. degree from M.I.T., his M.B.A. from the University of California, Berkeley
, and his M.A. and Ph.D.
from Carnegie Mellon University
. He has published 17 books (as either author or editor) and over 130 articles in professional journals.
Barnett is currently the Oswald Distinguished Professor of Macroeconomics
at the University of Kansas
and Director, Center for Financial Stability, in New York City. He also is Senior Fellow of the IC2 Institute at the University of Texas at Austin. He was previously Research Economist at the Board of Governors of the Federal Reserve System in Washington, D.C.
; Stuart Centennial Professor of Economics at the University of Texas at Austin
; and Professor of Economics at Washington University in St. Louis. Prior to becoming an economist, he was a rocket scientist, working as one of the system development engineers on the F-1 booster rocket engine for Project Apollo
at Rocketdyne
.
Barnett is a leading researcher in macroeconomics
and econometrics
. He is one of the pioneers in the study of chaos and nonlinearity in socioeconomic contexts, as well as a major figure in the study of the aggregation problem, which lies at the heart of how individual and aggregate data are related. He is the originator of the Divisia Monetary Aggregates
. The earliest data with those aggregates, extending back to 1959, were produced by Salam Fayyad
, the current Prime Minister of the Palestinian National Authority
.
He is Editor of the Emerald monograph series International Symposia in Economic Theory and Econometrics, and Editor of the journal Macroeconomic Dynamics
, published by Cambridge University Press
. He and Nobel Laureate, Paul A. Samuelson, coedited the book, Inside the Economist's Mind: Conversations with Eminent Economists, Blackwell Publishing (2007) ISBN 1-4051-5917-0.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
whose current work is in the field of chaos
Chaos theory
Chaos theory is a field of study in mathematics, with applications in several disciplines including physics, economics, biology, and philosophy. Chaos theory studies the behavior of dynamical systems that are highly sensitive to initial conditions, an effect which is popularly referred to as the...
, bifurcation
Bifurcation
Bifurcation means the splitting of a main body into two parts.Bifurcation or Bifurcated may refer to:*Bifurcation , the division of issues in a trial for example the division of a page into two parts....
, and nonlinearity
Nonlinearity
In mathematics, a nonlinear system is one that does not satisfy the superposition principle, or one whose output is not directly proportional to its input; a linear system fulfills these conditions. In other words, a nonlinear system is any problem where the variable to be solved for cannot be...
in socioeconomic contexts, as well as the study of the aggregation problem
Aggregation problem
An aggregate in economics is a summary measure describing a market or economy. The aggregation problem refers to the difficulty of treating an empirical or theoretical aggregate as if it reacted like a less-aggregated measure, say, about behavior of an individual agent as described in general...
.
Barnett received his B.S. degree from M.I.T., his M.B.A. from the University of California, Berkeley
University of California, Berkeley
The University of California, Berkeley , is a teaching and research university established in 1868 and located in Berkeley, California, USA...
, and his M.A. and Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...
from Carnegie Mellon University
Carnegie Mellon University
Carnegie Mellon University is a private research university in Pittsburgh, Pennsylvania, United States....
. He has published 17 books (as either author or editor) and over 130 articles in professional journals.
Barnett is currently the Oswald Distinguished Professor of Macroeconomics
Macroeconomics
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...
at the University of Kansas
University of Kansas
The University of Kansas is a public research university and the largest university in the state of Kansas. KU campuses are located in Lawrence, Wichita, Overland Park, and Kansas City, Kansas with the main campus being located in Lawrence on Mount Oread, the highest point in Lawrence. The...
and Director, Center for Financial Stability, in New York City. He also is Senior Fellow of the IC2 Institute at the University of Texas at Austin. He was previously Research Economist at the Board of Governors of the Federal Reserve System in Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
; Stuart Centennial Professor of Economics at the University of Texas at Austin
Austin
Austin is the capital of the U.S. state of Texas.Austin may also refer to:-In the United States:*Austin, Arkansas*Austin, Colorado*Austin, Chicago, Illinois*Austin, Indiana*Austin, Minnesota*Austin, Nevada*Austin, Oregon...
; and Professor of Economics at Washington University in St. Louis. Prior to becoming an economist, he was a rocket scientist, working as one of the system development engineers on the F-1 booster rocket engine for Project Apollo
Project Apollo
The Apollo program was the spaceflight effort carried out by the United States' National Aeronautics and Space Administration , that landed the first humans on Earth's Moon. Conceived during the Presidency of Dwight D. Eisenhower, Apollo began in earnest after President John F...
at Rocketdyne
Rocketdyne
Rocketdyne was a Rocket engine design and production company headquartered in Canoga Park, California, United States. The company was related to North American Aviation for most of its history. NAA merged with Rockwell International, which was then bought by Boeing in December, 1996...
.
Barnett is a leading researcher in macroeconomics
Macroeconomics
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...
and econometrics
Econometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
. He is one of the pioneers in the study of chaos and nonlinearity in socioeconomic contexts, as well as a major figure in the study of the aggregation problem, which lies at the heart of how individual and aggregate data are related. He is the originator of the Divisia Monetary Aggregates
Divisia Monetary Aggregates
In econometrics and official statistics, and particularly in banking, the Divisia monetary aggregates index is an index of money supply. It is a particular application of a Divisia index to monetary aggregates.-Background:...
. The earliest data with those aggregates, extending back to 1959, were produced by Salam Fayyad
Salam Fayyad
Salam Fayyad is a Palestinian politician and Prime Minister of the Palestinian National Authority of the Palestinian National Authority. His first appointment, on 15 June 2007, which was justified by President Mahmoud Abbas on the basis of "national emergency", has not been confirmed by the...
, the current Prime Minister of the Palestinian National Authority
Prime Minister of the Palestinian National Authority
The Prime Minister of the Palestinian National Authority is the head of government of the Palestinian Authority government.The Prime Minister's Office was created in 2003 to manage day-to-day activities of the Palestinian government. The position was created because both Israel and the United...
.
He is Editor of the Emerald monograph series International Symposia in Economic Theory and Econometrics, and Editor of the journal Macroeconomic Dynamics
Macroeconomic Dynamics
Macroeconomic Dynamics is a peer-reviewed academic journal which publishes articles in macroeconomics. MD is edited by William A. Barnett and published by Cambridge University Press...
, published by Cambridge University Press
Cambridge University Press
Cambridge University Press is the publishing business of the University of Cambridge. Granted letters patent by Henry VIII in 1534, it is the world's oldest publishing house, and the second largest university press in the world...
. He and Nobel Laureate, Paul A. Samuelson, coedited the book, Inside the Economist's Mind: Conversations with Eminent Economists, Blackwell Publishing (2007) ISBN 1-4051-5917-0.