astronomy

Leland B. Yeager

Leland B. Yeager is a astronomy topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand Leland B. Yeager rather than just read about it. In short: Leland Bennett Yeager (; October 4, 1924 – April 23, 2018) was an American economist dealing with monetary policy and international trade. Biography Yeager graduated from Oberlin College in 1948 with an A.B. and was granted an M.A. from Columbia University in 1949 and a Ph.D. from there in 1952.

Key takeaways

Leland B. Yeager belongs to astronomy; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect Leland B. Yeager to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of Leland B. Yeager from memory before moving on to harder problems.

Reference excerpt

Leland Bennett Yeager (; October 4, 1924 – April 23, 2018) was an American economist dealing with monetary policy and international trade.

Biography Yeager graduated from Oberlin College in 1948 with an A.B. and was granted an M.A. from Columbia University in 1949 and a Ph.D. from there in 1952. He had previously served in the United States Army in World War II, translating Japanese codes. He temporarily served as the Vice President of the Interlingua Institute from 1997 to 1998 after Deanna Hammond died. He was a regular contributor to Liberty magazine and an occasional contributor to the "Mises Daily". He was a professor emeritus at both Auburn University and the University of Virginia. His monetary writings have strongly opposed Keynesian orthodoxy and have emphasized the crucial role of money in business cycles. His 1956 essay, "A Cash-Balance Interpretation of Depression" maintained that depression was caused by "an excess demand for money, in the sense that people want to hold more money than exists." In this, he was a member of the monetarist school exemplified by Milton Friedman. His subsequent writings tilted towards a laissez-faire approach to monetary reform. In his 1989 paper "Can Monetary Disequilibrium Be Eliminated", he advocated that government "be banished from any role in the monetary system other than that of defining a unit of account or numeraire." Yeager argued in favor of constitutional monarchy. The month before his death Yeager wrote about the "destructive and ignorant" trade policy of United States President Donald Trump. Yeager died in April 2018 at the age of 93.

Interlingua and interlinguistics Outside economics, Yeager was a prominent supporter of Interlingua, the international auxiliary language developed by the International Auxiliary Language Association (IALA). His interest in planned languages began during his high-school years after reading about Esperanto, and he became active in the Interlingua movement shortly after the language's introduction in 1951. Yeager held several leadership positions within the Interlingua community. He served as a director of the Interlingua Institute from 1984 and was its president from 1989 to 1993. He subsequently served as president of the Union Mundial pro Interlingua (UMI), the principal international organization promoting Interlingua, from 1993 to 1999. A frequent lecturer at international Interlingua conferences, Yeager advocated the use of Interlingua as a practical medium for discussing academic and professional subjects rather than merely as a topic of linguistic interest. His presentations addressed subjects including economics, interlinguistics, and East Asian linguistics. Together with Ingvar Stenström, he co-edited Tema: Interlinguistica e Interlingua – Discursos Public (1991), a collection of lectures on Interlingua and the theory of international auxiliary languages. Throughout his life, Yeager published numerous articles and essays concerning Interlingua and language planning, and he was regarded as one of the movement's most prominent intellectual advocates.

Bibliography Foreign Trade and U.S. Policy: The Case for Free International Trade (1976) ISBN 0-275-56270-0 International Monetary Relations: Theory, History and Policy (1976) ISBN 0-06-047323-1 Proposals for government credit allocation: Evaluative studies in economic policy (1977) ISBN 0-8447-3281-8 Experiences With Stopping Inflation (1981) ISBN 0-8447-3439-X The Fluttering Veil: Essays on Monetary Disequilibrium (1997) ISBN 0-86597-146-3 Ethics As Social Science: The Moral Philosophy of Social Cooperation (2001) ISBN 1-84064-521-0 Is the Market a Test of Truth and Beauty? Essays in Political Economy (Full Text). (2012) ISBN 1279974303

Illustrations

Worked examples

Example 1 — a first encounter with Leland B. Yeager

Start with the simplest possible case. Write down what Leland B. Yeager claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In astronomy, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to Leland B. Yeager before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about Leland B. Yeager ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of Leland B. Yeager

In research: Leland B. Yeager appears in astronomy research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses Leland B. Yeager in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: Leland B. Yeager is common in secondary-school and first-year university syllabi. It links to neighbouring topics 1924 births, 2018 deaths, American libertarians, so understanding it makes those chapters shorter.
In everyday life: Look for Leland B. Yeager outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study Leland B. Yeager in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what Leland B. Yeager means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain Leland B. Yeager out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is Leland B. Yeager in simple terms?

Leland Bennett Yeager (; October 4, 1924 – April 23, 2018) was an American economist dealing with monetary policy and international trade. Biography Yeager graduated from Oberlin College in 1948 with an A.B. and was granted an M.A. from Columbia University in 1949 and a Ph.D. from there in 1952.

Why does Leland B. Yeager matter?

Because it connects several astronomy ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study Leland B. Yeager?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on Leland B. Yeager.