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Charles P. Kindleberger Professor of Applied Economics. Innovator in labor economics, political economy, and the economics of long-term growth. Recent work suggests important links between a nation's political and legal institutions, often dating to colonial heritage, and long-term economic performance. Made contributions to the analysis of search models when agents follow informed directed search strategies; to the empirical analysis of labor-market competition and the returns to education; and to the understanding of technical change, among other topics.