Background
Saving, Thomas Robert was born on December 27, 1933 in Chicago, Illinois, United States. Son of Harold John and Frances Josephine (Fillipino) Saving.
(PLEASE NOTE: See my pictures I have posted above. ***Mone...)
PLEASE NOTE: See my pictures I have posted above. ***Money, Wealth, and Economic Theory*** 1968, Second Printing, by Boris P. Peseck and Thomas R. Saving (Michigan State University).
http://www.amazon.com/gp/product/B000PFJXLM/?tag=2022091-20
("Greenfield's storyteller's book of economic theory is ab...)
"Greenfield's storyteller's book of economic theory is absolutely wonderful, a real coup. It teaches key lessons of economic theory and does so in an extremely readable, pleasurable manner. And it achieves all this without sacrificing content, depth, or profundity. It's a miracle of good writing that Greenfield combines these characteristics in a single volume. Novices and professional economists alike can read his book with profit. Indeed, when I read the chapters on monetary theory, I learned things that I hadn't seen before. And all because of the way Greenfield tells the tale."--Thomas M. Humphrey, editor, Federal Reserve Bank of Richmond, Economic Quarterly"Greenfield's English is flawless Even on the microeconomics side, Greenfield puts the emphasis where it belongs, on the system as a whole.... He gives an exemplary treatment of both the 1929-1941 depression and the WWII-era inflation, as well as a very lucid discussion of a monetary system that would have worked better...."--Leland B. Yeager, McIntire Professor (Emeritus), University of Virginia; von Mises Distinguished Professor (Emeritus), Auburn University"The stories are very interesting; some are really quite charming. Greenfield is an excellent expository writer." --Hugh Rockoff, Rutgers University
http://www.amazon.com/gp/product/0595409008/?tag=2022091-20
(The Diagnosis and Treatment of Medicare argues that Medic...)
The Diagnosis and Treatment of Medicare argues that Medicare is in critical condition. Spending has risen dramatically since the program’s inception, growing from about $200 billion to $450 billion over the last decade. Expenditures have consistently grown at twice the rate of inflation, and at times much faster, outstripping economic growth and absorbing a growing share of federal revenue. The situation will only worsen in the coming decades. As the Baby Boom generation reaches 65, Medicare’s demands on federal revenues will climb even more sharply. Left unchecked, Medicare spending threatens to crowd out federal funding for education, energy, the environment, defense, and other important policy priorities. Economists Andrew J. Rettenmaier and Thomas R. Saving offer an innovative remedy to Medicare’s woes. The Diagnosis and Treatment of Medicare calls for a rethinking of Medicare’s financing, its benefit structure and its future. They dissect the existing Medicare program, evaluate a series of previously suggested remedies, and put forward their own “prepayment” solution.
http://www.amazon.com/gp/product/0844742511/?tag=2022091-20
consultant economics professor
Saving, Thomas Robert was born on December 27, 1933 in Chicago, Illinois, United States. Son of Harold John and Frances Josephine (Fillipino) Saving.
Bachelor in Economics, Michigan State University, 1957. Master of Arts in Economics, University Chicago, 1958. Doctor of Philosophy in Economics, University Chicago, 1960.
Assistant professor University Washington, Seattle, 1960—1961, Michigan State University, East Lansing, 1961—1963, associate professor, 1965—1966, professor, 1966—1968. Professor economics Texas Agricultural and Mechanical University, 1968—1989, head department economics, 1985—1991, distinguished professor economics, since 1989, director Private Enterprise Research Center, since 1991. President Russian Research Center, Inc., College Station, 1979—1989, chairman board, since 1989.
Public trustee Social Security and Medicare Trust Funds, 2000—2005, since 2006. Member bipartisan commission to strengthen Social Security President Commission, 2001.
("Greenfield's storyteller's book of economic theory is ab...)
(The Diagnosis and Treatment of Medicare argues that Medic...)
(PLEASE NOTE: See my pictures I have posted above. ***Mone...)
Author: Money, Wealth, Economic Theory, 1966. Author: (with B.P. Pesek) The Foundations of Money and Banking, 1968. Editor (with Andrew J. Rettenmaier): Medicare Reform: Issues and Answers, 1999.Author: The Economics of Medicare Reform, 2000, The Diagnosis and Treatment of Medicare, 2007.
Early work concentrated in industrial organization estimated the optimal scale of enterprise using the survivor technique and firm size distributions. I worked with Carl Brehm on an early negative income tax paper published in American Economic Review. My interest turned to the microeconomic foundations of monetary theory where my work with Boris Pesek changed the way money and money substitutes were viewed as contributors to net monetary wealth.
The approach developed by Pesek and myself, first reported in our book Money, Wealth and Economic Theory, forms the foundation for user cost-weighted measures of the money supply.
Research interest shifted to the theory of the firm and its implications for money supply determination, concentrating on banks as firms and the banking industry as a competitive industry. The special feature of the banking industry is the externality that arises because of the relationship of banks to their customers. Banks and their customers compete for a necessary scarce factor of production, base money.
My interest in microeconomics and the importance that market constraints place on outcomes led me in two additional directions: the theory of factor demand and extensions of the theory of the firm.
The latter led to the development of quantity restrictions as a basis for short-run rationing in competitive markets. A series of ten papers, most in collaboration with Arthur D. Vany and
culminating in Journal of Political Economy, 1983, laid the foundations for extending the theory of the firm to the case where quality and quantity supplied are not independent. An inverse relation between quality and quantity arises most obviously in service industries where queues develop, but in other industries increased output affects quality.
This approach improves understanding of monopolistic competition as well as capacity allocation.
Member of Mont Pelerin Society, Econometric Society, Western Economics Association (president 1971-1972), Southern Economic Association 1981-1982, American Economic Association.
Married Barbara Jean Sorby, August 22, 1959. Children: Jason Lee, Nicole Aline.