Charles W. Upton is an American economist.

In 1974, Upton published together with Merton H. Miller a textbook, Macroeconomics. A Neoclassical Introduction (ISBN 0-226-52623-2), which is consider a landmark in modern macroeconomics. The book was the first to put the neoclassical growth model at center stage, and the first place that in print discussed what has later become known as Ricardian Equivalence

Ricardian equivalence

The Ricardian equivalence proposition is an economic theory holding that consumers internalize the government's budget constraint: as a result, the timing of any tax change does not affect their change in spending...

. Written at the very dawn of the rational expectations

Rational expectations

Rational expectations is a hypothesis in economics which states that agents' predictions of the future value of economically relevant variables are not systematically wrong in that all errors are random. An alternative formulation is that rational expectations are model-consistent expectations, in...

 - market-clearing revolution in macroeconomic theory, yet it provides a deeper understanding of those ideas than most contemporary texts. The textbook also makes a radical break with IS-LM model and proposes an operationalizable alternative. Like macroeconomic practice has evolved to 30 years later, much of the discussion in the book is built around a computer simulation model. The computer simulation model resembles a deterministic version of a simple business cycle model.

Professor Upton completed his undergraduate degree at Rice University

Rice University

William Marsh Rice University, commonly referred to as Rice University or Rice, is a private research university located on a heavily wooded campus in Houston, Texas, United States...

 and his Ph.D. at Carnegie Mellon University

Carnegie Mellon University

Carnegie Mellon University is a private research university in Pittsburgh, Pennsylvania, United States....

. He has held faculty positions at the University of Chicago

University of Chicago

The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...

, Rutgers University

Rutgers University

Rutgers, The State University of New Jersey , is the largest institution for higher education in New Jersey, United States. It was originally chartered as Queen's College in 1766. It is the eighth-oldest college in the United States and one of the nine Colonial colleges founded before the American...

, and Kent State University

Kent State University

Kent State University is a public research university located in Kent, Ohio, United States. The university has eight campuses around the northeast Ohio region with the main campus in Kent being the largest...

.

Professor Upton is a great admirer of Irving Fisher

Irving Fisher

Irving Fisher was an American economist, inventor, and health campaigner, and one of the earliest American neoclassical economists, though his later work on debt deflation often regarded as belonging instead to the Post-Keynesian school.Fisher made important contributions to utility theory and...

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Charles Upton's Homepage

Charles Upton's Homepage