Word: loefgren
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...when buyer and seller have differing information about a transaction. The condition has broad implications in analyzing systems from insurance and credit markets to taxation schemes. Mirrlees used the theory to study how high to set income taxes without discouraging workers and investors or encouraging tax evasion. Karl Gustaf Loefgren, a member of the Swedish Academy of Sciences, called the men's work an "important contribution which set up the formal methodology which has been put into textbooks of micro-economic theory as a standard fact." Vickrey, a professor at Columbia University, has made news for another, more unconventional economic...
Swede on Palestine. In Stockholm Judge Loefgren, chairman of the League of Nations Wailing Wall Commission, accused Jews of forgetting Britain's promises to the non-Jewish population of Palestine. "It may be," he declared, "that two promises equally valid are simultaneously impossible of fulfillment." (i.e. Britain may have promised both Jews and Arabs more than she can give them both at once...
Concluded Judge Loefgren: "We must not be astonished if the [British Labor] Government . . . tries to find a solution or an interpretation to make both ends meet. . . . Neither party [Jewish or Arab] is satisfied . . . the government has struck the right note in trying to mete out justice...
| 1 |