Scholar’s Advanced Technological System

The next day, report room one.

With a stack of twelve pages of papers, Professor Krugman walked up to the podium in formal clothes.

Although this was supposed to be done by Xiaotong, it was excused by her on the grounds that she had not had the experience to report at a large conference and could not fully communicate her brother's research to the economics community.

In fact, it doesn't matter who takes the stage to do these things.

Because she's made up her mind.

At a glance underneath the stage, Professor Krugman cleared his voice and spoke with a steady voice.

“Many of you, I believe, have heard about yesterday's briefing, even on the spot. ”

“Professor Joseph of the Lu-Bewley model has been very thoroughly described, and although there are some omissions and misunderstandings, at the end of the briefing, there were additions to those where they existed. ”

“And I don't have much more to say about the Lu-Bewley model. In fact, it should not have been me standing here today, but Professor Lu who really did the job. ”

When I heard the last sentence, the voice of whispering sounded down the stage.

“What does Professor Krugman mean? ”

“Did Professor Lu do anything else? ”

“If I recall correctly, the theme of this presentation should be discussing the application of the Lu-Bewley model in macroeconomics. ”

“It appears that Professor Krugman has temporarily changed the paper he intended to publish… Is he planning to publish something new for Professor Lu? ”

Looking at the reporting room, where the riots were relaunched, Professor Krugman kissed his voice heavily, indicating that the audience under the podium stopped talking.

When he returned to the reporting room, he continued to speak with a clear voice.

“Just yesterday afternoon, Professor Lu modified his research and left us with a better model than the Lu-Bewley model. ”

“One might wonder what an afternoon would do. In fact, just over a dozen hours ago, I was also suspicious...”

“Until I really finished reading this paper. ”

After Professor Krugman said that, a number of people in the reporting room had an incredible look on their faces.

In addition to those who were in this room yesterday...

Speaking of which, Professor Krugman paused for a moment, his gaze stopped on Professor Joseph's face in the front row for a few seconds, then looked at the whole field and continued.

“Don't worry, I'll be showing you this improved Lu-Bewley model shortly. ”

“Gentlemen, listen carefully. ”

……

Turning his back to the entire audience, Professor Krugman used a marker pen in his hand to write on a whiteboard in line with the contents of the paper, accompanied by a detailed descriptive language based on his own understanding of the Lu-Bewley model and his understanding of the paper.

Though the formula that presents itself on the whiteboard at this moment is just the tip of the iceberg about this model, a number of scholars sitting here who are good at using mathematical tools have obviously felt this improved Lu-Bewley model as a further superior performance than the previous one.

This is both an academic intuition.

It is also a long-standing experience with macroeconomic research institutes.

Especially Professor Joseph.

Listen and watch carefully under the stage, at this moment he is both shocked and explained on his face.

Now he finally believes that the man is not kidding.

Able to work out these things in an afternoon, this guy's mathematical mastery is already at the top of all the scholars he knows...

And not just the understanding of mathematics itself.

This ability to use mathematics as a tool to cleverly apply it to completely different fields to solve real problems is horrible!

I'm afraid even the late mathematical genius John Nash couldn't have done better than him...

“Mathematics changed science...” He whispered to himself, staring at Professor Joseph in the formula on the white board, suddenly shook his head with a smile, "... no wonder he could flatter such a mouth. ”

“Oh, with his skill, it's humble. ”

It's not just about science anymore.

It's a redefinition of science!

At least, redefining his understanding of mathematical economics…

Meanwhile, Professor Krugman, standing on the podium, stopped the marker pen in his hand.

After revisiting the paper in his eyes and comparing it to the contents on the whiteboard to make sure there were no omissions or pen errors, he turned to the audience in the reporting room.

“Any more questions? ”

There was silence under the stage, no one to speak to, no one to raise their hands.

Looking at the silent stage of the crow bird, Professor Krugman nodded, convinced that he had made himself clear, thinking that no one should understand.

“That's good to be here...”

Just as he was about to put down his marker pen, he suddenly raised his hand trembling.

“Wait a minute! ”

Just as everyone focused their eyes on the past, the young scholar who stood up scratched his cheek with some embarrassment and spoke quickly.

“I don't have a question, just about this model… how do we name it? It has to be distinguished from the original Lu-Bewley model, right? ”

The question came up with an idea.

Discussions appeared to be taking place in the reporting room, where there was a loud voice for discussion.

Professor Krugman, who heard the question, was also slightly stunned.

It seems that the model was not named in this paper…

Just like that paper on the Lu-Bewley model, the name Lu-Bewley model was agreed by other scholars when discussing the issue.

It seems that Professor Lu is not very enthusiastic about naming the results of research in economics.

Thinking about it, Professor Krugman shook his head helplessly, cleared his voice after a while of serious thought and tried to propose.

“Why don't you put a Joseph on it? After all, Professor Lu himself admitted that he was inspired by Professor Joseph's debriefing--”

Just halfway through the sentence, it was interrupted by an indiscriminate voice.

“I don't deserve it. ”

In everyone's astonished gaze, Professor Joseph, sitting in the front row of the report room, suddenly stood up and interrupted Professor Krugman without courtesy, pausing for a moment to continue, "and I do not want to be counted as a ‘false counterexample’ by those who later contributed to this model. ”

“... uh, that's not what I meant.” Seeing Professor Joseph faceless, Professor Krugman, who did not want to offend him, quickly explained, "This is just to distinguish, not as an example. ”

Ignoring Krugman's explanation, the white-white old man stared at the formula on the white board for a while and was silent for a while.

Afterwards he spoke.

“As we can see, the improved Lu-Bewley model has moved away from the original Bewley model's foundational framework. ”

“This is a more open, operational, and more widely applied model of economics. ”

“I therefore propose to name it… the L-Z model in an entirely new way. ”

A disturbing noise was heard in the reporting hall.

Scholars sitting in the room with supportive opinions nodded and agreed.

While there are others who have no expression on their face and do not hesitate to put this name on the table, there is also a certain amount of reflection that emerges from this phrase, which seems to be seriously thinking about something.

Sitting under the stage, looking at the back of the previous revitalization, Professor Andis nodded in praise of the location.

“Joseph Stiglitz seems to have been very touched by what happened yesterday… I'm not qualified to judge him, but I'm sure he will be able to take another step in his economics after this conference. ”

Sitting next to Professor Anders, Weasle has been listening to the old man say, "That thing yesterday," and the whole thing is foggy.

Ultimately, he couldn't resist his curiosity and asked.

“Professor Andis, what exactly happened yesterday? ”

“Weren't you there yesterday?” Suddenly something occurred to me, and Professor Andis gave a sudden expression, "Oh, I think I remembered that you weren't really in the press room yesterday. ”

Weasle swallowed his mouth and asked, "So what exactly happened? ”

“Nothing, it's just a shame you missed the most wonderful presentation of this macroeconomics forum. ”

Speaking of which, looking at the expression of remorse that gradually appeared on the face of the PhD student, Professor Andis smiled unwillingly, pausing for a moment before adding another sentence.

“Of course, it may also be the best of the year. ”