Oded Galor

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Oded Galor (2016)

Oded Galor (* 1953 ) is an Israeli economist whose main focus is on economic growth . He is best known as the creator of the Unified Growth Theory .

Career, research and teaching

Galor studied economics at the Hebrew University of Jerusalem , where he graduated with a Bachelor of Arts in 1978 and a Master of Arts in 1980 . He then moved to a Ph.D. - Studied in the United States , which he successfully graduated from Columbia University in 1984 . As an assistant professor , he joined the academic staff at Brown University , was promoted to associate professor in 1986 and was promoted to full professor in 1990 . Between 1994 and 2006, he held a chair at his alma mater in Jerusalem, which the philanthropist Aron Chilewich had donated . At times he visited Harvard University and the Massachusetts Institute of Technology . Since 2008 he has held a chair at Brown University sponsored by Herbert H. Goldberger , the founder of the Hills retail chain.

Galor's main focus is on macroeconomics , with a particular focus on issues relating to economic growth. In the late 1980s he dealt in particular with the effects of the unequal distribution of income and wealth on macroeconomic development and the differences in prosperity between countries. Together with Joseph Zeira , he developed the Galor – Zeira model , named after the two , in which different individuals are permitted, in deviation from the model approach of a representative individual that was common at the time. It follows from the model that the distribution influences both short- and long-term economic growth and that ultimately a broad middle class is decisive for economic growth.

After Galor was noticed in 2010 with a thesis on the application of dynamic systems in an economic context, he published his paper on the presentation of the Unified Growth Theory in 2011. This tries to explain the growth process across all development phases of mankind and for all nations in a single model framework, while prevailing theories to date have focused on the western world or the modern age or time since the industrial revolution .

Galor has been editor-in-chief of the Journal of Economic Growth since 1995 , he is also a member of the editorial board of the periodicals Economics and Human Biology , Journal of Economic Inequality and Italian Journal of Economics, and is also a member of the advisory board of the Journal of Economic Research .

Galor is a Research Fellow at the Center for Economic Policy Research and the Research Institute for the Future of Work .

Web links

Individual evidence

  1. blogs.faz.net: "The best of modern macroeconomics" (accessed March 5, 2020)