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The Nobel Memorial Laureates in Economics

The Nobel Memorial Laureates in Economics

An Introduction to Their Careers and Main Published Works

Howard R. Vane and Chris Mulhearn

Erudite, accessible and lucidly written, this book provides a stimulating introduction to the careers and main published works of the Nobel Memorial Laureates in Economics. It will prove to be an invaluable reference book on key figures in economics and their path-breaking insights. The vignettes should also encourage the reader to sample some of the Laureates’ original works and gain a better understanding of the context in which new ideas were first put forward.


Howard R. Vane and Chris Mulhearn

Subjects: economics and finance, economic psychology, history of economic thought


THE 1978 NOBEL MEMORIAL LAUREATE HERBERT SIMON HERBERT SIMON Herbert A. Simon (1916–2001) © The Nobel Foundation Herbert Simon was born in Milwaukee, Wisconsin, USA in 1916. He studied political science at the University of Chicago where he obtained a BA in 1936 and a PhD in 1943. His early posts included a position at the International City Managers’ Association in Chicago from 1938 to 1939. Subsequently he became Director of Administrative Measurement Studies at the Bureau of Public Administration of the University of California at Berkeley from 1939 to 1942. In 1942 Simon returned to Chicago, where he was appointed initially as an Assistant Professor of Political Science at Illinois Institute of Technology, before becoming a full professor in 1947. In 1949 he moved to Pittsburgh, where he was Professor of Administration and Psychology at the Carnegie Institute of Technology (later renamed Carnegie-Mellon University) from 1949 to 1955, and Professor of Computer Science and Psychology from 1955 until he retired in 1988. Simon’s many offices and honours included: the Distinguished Scientific Contribution Award of the American Psychological Association in 1969; the A.M. Turing Award of the Association for Computing Machinery (with A. Newell) in 1975; a Distinguished Fellowship of the American Economic Association (1976); the James Madison Award of the American Political Science Association in 98 HERBERT SIMON 1984; the award of the National Medal of Science in 1986; the John von Neumann Theory Prize of ORSA/TIMS in 1988; the Research Excellence Award of the International Joint...

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