But my shift to the serious study of economics gradually weakened my belief in Major Douglas's A+B theorem, which was replaced in my thought by the expression MV = PT.

My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.

This is a major shift.

My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.

We all shared a belief in market-based economics — though we had somewhat different views as to the appropriate role of government in our society — and felt that what happened abroad could greatly affect our own economic well being,

The major source of photochemical smog - petroleum-fueled vehicles - can be replaced by emission-free electric vehicles.