Kenneth Arrow
Kenneth Joseph Arrow (born August 23, 1921) is an American economist and joint winner of the Nobel Memorial Prize in Economics with John Hicks in 1972. To date, he is the youngest person to have received this award, at 51.
In economics, he is considered an important figure in post-World War II neo-classical economic theory. Many of his former graduate students have gone on to win the Nobel Memorial Prize themselves. Arrow's impact on the economics profession has been tremendous. For more than fifty years he has been one of the most influential of all practising economists.
His most significant works are his contributions to social choice theory, notably "Arrow's impossibility theorem", and his work on general equilibrium analysis. He has also provided foundational work in many other areas of economics, including endogenous growth theory and the economics of information.
Read more about Kenneth Arrow: Education, Academic Career, Awards and Honors, Works
Famous quotes containing the words kenneth and/or arrow:
“I would think until I found
Something I can never find,
Something lying on the ground,
In the bottom of my mind.”
—James Kenneth Stephens (1882–1950)
“Anton Petrovich turned into the passage, followed the arrow to men, mankind, human beings, marched past the toilet, past the kitchen, gave a start when a cat darted under his feet, quickened his step, reached the end of the passage, pushed open a door, and a shower of sunlight splashed his face.”
—Vladimir Nabokov (1899–1977)