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Kenneth Arrow, Nobel-Winning Economist, Dies at 95
- Bobolicht 10y agoKenneth Arrow was brilliant, but I prefer to call it the "Swedish National Bank Prize for Economics". There is no Nobel Prize for Economics, as such.
- rodionos 10y agoIndeed, the official title is "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel".
- somberi 10y agoFor someone interested in a contemporary view of his "Impossibility Theorem", especially in policy planning, I recommend: https://www.amazon.com/Arrow-Impossibility-Theorem-Kenneth-Lecture/dp/0231153287/ref=sr_1_1?ie=UTF8&qid=1487748238&sr=8-1&keywords=The+Arrow+Impossibility+Theorem https://www.amazon.com/Arrow-Impossibility-Theorem-Kenneth-L...
- CurtMonash 10y agoKen and I were both members of the RIAS seminar at Harvard, which was held in Williams James Hall, a building where approximately none of us had our offices. As we waited for an elevator, two in a row went by the main floor to the basement. I mused "I wonder why everybody in the basement wants to go upstairs." His reply shot back: "You're confusing supply with demand." He was one of my heroes before I ever got to Harvard. Turned out to be a nice guy. RIP.
- dankohn1 10y agoDon't miss the excellent grey whale story in the last 3 paragraphs of the obit.