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  5. Kenneth Arrow

Births on August 23

Kenneth Arrow
1921Aug, 23

Kenneth Arrow

Kenneth Arrow, American economist and academic, Nobel Prize laureate (d. 2017)
Kenneth Joseph Arrow (23 August 1921 – 21 February 2017) was an American economist, mathematician, writer, and political theorist. He was the joint winner of the Nobel Memorial Prize in Economic Sciences with John Hicks in 1972.

In economics, he was a major 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. 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.


References

  • Kenneth Arrow
  • Nobel Memorial Prize in Economic Sciences

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Events on 1921

  • 15Feb

    Helsinki

    Kingdom of Romania establishes its legation in Helsinki.
  • 20Mar

    Versailles Treaty

    The Upper Silesia plebiscite was a plebiscite mandated by the Versailles Treaty to determine a section of the border between Weimar Germany and Poland.
  • 11Jul

    William Howard Taft

    Former President of the United States William Howard Taft is sworn in as 10th Chief Justice of the U.S. Supreme Court, becoming the only person ever to hold both offices.
  • 29Oct

    Sacco and Vanzetti

    United States: Second trial of Sacco and Vanzetti in Boston, Massachusetts.
  • 11Nov

    Arlington National Cemetery

    The Tomb of the Unknowns is dedicated by US President Warren G. Harding at Arlington National Cemetery.

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