Table of Contents

Handbook on the History of Economic Analysis Volume I

Handbook on the History of Economic Analysis Volume I

Great Economists Since Petty and Boisguilbert

Edited by Gilbert Faccarello and Heinz D. Kurz

Volume I contains original biographical profiles of many of the most important and influential economists from the seventeenth century to the present day. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of this system can be improved and its dysfunction reduced. Each Handbook can be read individually and acts as a self-contained volume in its own right. It can be purchased separately or as part of a three-volume set.

Chapter 71: Evgeny Evgenievich Slutsky (1880–1948)

Irina Eliseeva

Subjects: economics and finance, history of economic thought


Evgeny Evgenievich (Eugen) Slutsky was born on 7 April 1880, in Novoye Selo in Yaroslavskaya province into a teacher’s family. From early childhood he was very impulsive and inconsistent. He graduated from high school in 1899 in Zhitomir and then studied in the Mathematics Department of the Physics and Mathematics Faculty of the University at Kiev. Being expelled several times from the University owing to political motives, he finally graduated from its Law Faculty in 1911, at the age of 31, receiving a golden medal for his diploma thesis on “The theory of marginal utility”. This theme was probably the result of his stay for three years (1902–05) at the Munich Polytechnic Institute, where he had a chance to learn about the latest trends in economic thought. At that time he was interested in mathematical economics and specific economic researches. This interest was developed in close friendship with N.A. Svavitsky (1879–1936), an expert in local (zemskaya) statistics. An important event was Slutsky’s marriage to Ylia N. Volodkevich, the daughter of the principal in one of Kiev’s private schools. This was a happy alliance, solidly maintained through many of life’s troubles. Slutsky had numerous abilities: he was talented in mathematics, but also in the arts, especially painting and writing poems. After graduation from the university an academic career was not an option (owing to his reputation as a “red student”). Slutsky therefore started to work as a freelance teacher at his father-in-law’s school. At the same time his mathematical...

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