JIM O'NEILL: These Are The Books And Economists That Influenced The Way I Think

jim o'neill

Photo: Business Insider

Goldman Sachs just announced that its legendary economist Jim O’Neill would be retiring later this year.In September, Business Insider asked O’Neill what economists and books shaped the way he thinks.

“Gosh where to start?” he said.

What follows is a tight list of economists — some well-known and some obscure.  The list includes old and new books including O’Neill’s “Bible.”  It also includes a book that he used to develop one of Goldman Sachs’ proprietary currency forecasting models.

As we wait to hear about his next move, check out the books that influenced him the most.

Robert Solow's work on Growth Theory

'Robert Solow's work on Growth Theory, greatly influenced my belief, thinking and framing the context for the early BRIC research that became so popular.'

Read Solow's Nobel prize winning lecture 'Growth Theory And After' >

Rudi Dornbusch's theories on exchange rates

'My thinking about research on FX was greatly influenced by research by each of Dornbusch and his theories of exchange rate overshooting.'

Buy Dornbusch's articles on exchange rates and inflation here >

John Williamson's research on exchange rate equilibrium

'John Williamson, his pioneering research on Fundamental Equilibrium Exchange Rates (FEERs) contributed to my basic thinking in creating the GS Dynamic Equilibrium Exchange Rate (GSDEER) framework for FX determination.'

Buy 'Estimating Equilibrium Exchange Rates' here >

Read about GSDEER here >

Bela Balassa and Paul Samuelson's research on productivity and trade

'The Balassa-Samuelson research on productivity and tradeables versus non tradeables also influenced me.'

Read about the Balassa-Samuelson' hypothesis here >

Rudi Dornbusch and Stanley Fischer wrote the macroeconomics bible

David Miles, Andrew Scott and Francis Breedon's macro book

Angus Maddison's work on the history of growth

'For basic but brilliant understanding about global GDP and its history, the work of Maddison stands out on its own.'

Buy Maddison's 'Contours Of The World Economy' here >

Marty Feldstein's work on monetary and cyclical research

'On a number of monetary and cyclical research issues, I was brought up believing that Martin Feldstein's works deserve huge respect, and I still have huge respect for him.'

Read all of Feldstein's recent articles here >

Max Corden's research on oil prices

'Then as it relates to my PhD and oil prices and their consequences, the research of Max Corden stands out in my memory.'

Read 'Basic Implications Of The Rise In Oil Prices' here >

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