ABSTRACT

Two aspects of Bill Vickrey's approach to economics are, for me, defining. * The first is that Vickrey was a deeply religious and moral individual. Because morality was fully integrated into his views of economics, understanding Vickrey's moral vision is important for an understanding of his support

policy. They made whatever theoretical assumptions were necessary in their macro models to get them quickly to policy issues. In doing so, they developed what came to be known as neo-Keynesian theory, which was the macroeconomics taught to those ofus educated in the 1960s and 1970s.