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:
“In any great organization it is far, far safer to be wrong with the majority than to be right alone.”
—John Kenneth Galbraith (b. 1908)
“... and the next summer she died in childbirth.
That’s all. Of course, there may be some sort of sequel but it is not known to me. In such cases instead of getting bogged down in guesswork, I repeat the words of the merry king in my favorite fairy tale: Which arrow flies for ever? The arrow that has hit its mark.”
—Vladimir Nabokov (1899–1977)