Chapter 947: The best game of the year (Thu / Thu)

The next day, Hall 1.
With a stack of twelve pages of papers, Professor Krugman in formal attire stepped onto the podium.
Although this was originally something that should be done by Xiao Tong, she was dismissed on the grounds that she had no experience in reporting at large conferences and could not completely communicate her brother's research results to the economics community.
In fact, it doesn't matter who gets on the stage to complete these tasks.
Because she has decided.
Looking around the stage that was quieting down, Professor Krugman cleared his throat and spoke with a steady voice.
"I believe that many people here have heard about the report yesterday, and even were on the scene themselves."
"Professor Joseph has made a very complete description of the -bewley model. Although there are some omissions and misunderstandings, at the end of the report, the places where there were omissions were also added.
"And regarding the -bewley model, I have nothing more to say. In fact, it should not be me who stood here today, but Professor Lu who really did the job."
Hearing the last sentence, a whisper sounded from the audience.
"What does Professor Krugman mean?"
"What did Professor Lu do?"
"If I remember correctly, the theme of this conference should be discussions on the application of the -bewley model in macroeconomics."
"It seems that Professor Krugman made a temporary change and abandoned the original paper he was planning to publish ... Is he planning to publish any new results for Professor Lu?"
Watching the commotion of the lecture hall again, Professor Krugman kissed his throat and motioned to the audience to stop talking.
When the lecture hall returned to quiet again, he continued to speak with a clear voice.
"Just yesterday afternoon, Professor Lu modified his research results and left us a better model than the -bewley model."
"Maybe someone wonders what can be made in one afternoon. In fact, just a dozen hours ago, I was also skeptical ..."
"Until I have finished reading this paper."
After Professor Krugman said this, many people in the lecture hall had incredible expressions on their faces.
Except those who were in this lecture hall yesterday ...
Having said that, Professor Krugman paused for a moment, his gaze rested on Professor Joseph's face sitting in the front row for a few seconds, then he looked at the audience and continued.
"Please don't worry, I will show you the -bewley model after this improvement."
"Please also, listen carefully."
...
Back to the audience, Professor Krugman used the marker in his hand to write on the whiteboard line by line according to the content of the paper, and based on his own understanding of the -bewley model and the understanding of this paper, Accompanied by a detailed descriptive language.
Although the formula shown on the whiteboard at this moment is only the tip of the iceberg about this model, many scholars who are good at using mathematical tools sitting here have clearly felt the improved -bewley model. Compared to this The previous model has further superior performance.
This is both an academic intuition.
It is also the experience accumulated for a long time in macroeconomic research.
Especially Professor Joseph.
Listening and watching carefully from the stage, at this moment, his face is both shocked and relieved.
Now that he finally believes, the man is really not joking.
Being able to study these things in one afternoon, this guy's mathematical accomplishments have stood at the apex of all the scholars he knows ...
And it's not just an understanding of mathematics itself.
This ability to use mathematics as a tool and cleverly apply it to completely different fields to solve actual problems is really terrible!
I am afraid that even the late math genius John Nash could not have done better than him ...
"Mathematics changes science ..." Professor Joseph, muzzling to himself, staring at the formula on the whiteboard, suddenly smiled and shook his head, "... no wonder he can boast such a seaport."
"Oh, in his capacity, he is humble."
This is not just about changing science.
It's simply redefining science!
At least, redefining his understanding of mathematical economics ...
At the same time, Professor Krugman standing on the podium stopped the marker in his hand.
After reviewing the dissertation in his eyes, comparing the content on the whiteboard and confirming that there were no omissions or clerical errors, he turned to look at the audience in the lecture hall.
"Do you have any other questions?"
There was silence under the stage, no one spoke, and no one raised their hands.
Glancing at the silent audience, Professor Krugman was convinced that he had spoken clearly. No one understood it, so he nodded.
"That's it for now ..."
Just as he was about to put down the marker, the audience suddenly raised a hand tremblingly.
"Wait!"
Just as everyone focused their attention, the young scholar who stood up scratched his cheeks in a distress, and said quickly.
"I don't have a question to ask, it's just about this model ... how do we name it? It must be distinguished from the original -bewley model?"
This question has been asked for ideas.
There was a lot of discussion in the lecture hall, and it seemed that the issue was being discussed.
Hearing this question, Professor Krugman also slightly hesitated.
It seems that in this paper, the model is not named ...
Just like the original paper on the -bewley model, the name of the -bewley model is the default of other scholars when discussing this issue.
It seems that Professor Lu does not have much enthusiasm for naming research results in the field of economics.
Thinking of this, Professor Krugman smiled and shook his head helplessly, cleared his throat after thinking for a while, and tried to propose.
"Will you add joseph to it? After all, Professor Lu himself acknowledged that he was inspired by Professor Joseph's lecture-"
Just after half of this sentence was interrupted by the involuntary voice.
"I don't deserve it."
In the eyes of everyone's surprise, Professor Joseph, who was sitting in the front row of the lecture hall, suddenly stood up and interrupted Professor Krugman unceremoniously. He paused for a while and continued, "And I don't want to be a 'error The "counterexample" was counted by later people as contributing to this model. "
"... Uh, I didn't mean that." Seeing Professor Joseph's expressionless expression, Professor Krugman, who didn't want to offend, quickly explained, "This is just to distinguish, not as a counterexample."
Ignoring Krugman's explanation, the bearded old man stared at the formula on the whiteboard for a while, and then remained silent for a while.
After that, he spoke.
"As we can see, the improved -bewley model has departed from the basic framework of the original bewley model ~ EbookFREE.me ~ This is a more open, more operable, and more widely used Economic model. "
"So I propose to name it a whole new way ... the l-z model."
The voice of the rumor spread in the report venue.
The scholars who supported the viewpoint sitting in the conference room nodded and agreed.
Although there are some people who are expressionless and undecided about the name, they also think a little about it because of this sentence, and they seem to be thinking about it seriously.
Sitting under the table, looking at the former cheering back, Professor Andis nodded approvingly.
"It is indeed Joseph Stiglitz. It seems that the thing that touched him yesterday was very important ... Although I was not qualified to evaluate him, I must have passed this conference, and his achievements in economics could be more Go up a step. "
Sitting next to Professor Andis, Wiesel kept listening to the big man saying "the thing yesterday," and the whole man was confused.
In the end, he couldn't hold his curiosity and asked.
"Professor Andis ... what happened yesterday?"
"You weren't there yesterday?" Suddenly I remembered something, and Professor Andes showed a stunned expression. "Oh, I think of it. Yesterday you really weren't in the lecture hall."
Weiss swallowed and asked, "So what happened?"
"It's nothing, it's just a pity. You probably missed the most wonderful report of this macroeconomics forum."
Having said that, looking at the regretful expression that gradually appeared on the doctoral student's face, Professor Andes smiled unwillingly and added a few words after a pause.
"Of course, it may also be the most exciting event of the year."
.