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  4. 26
  5. Jack Hirshleifer

Births on August 26

1925Aug, 26

Jack Hirshleifer

Jack Hirshleifer, American economist and academic (d. 2005)
Jack Hirshleifer (August 26, 1925 – July 26, 2005) was an American economist and long-time professor at the University of California, Los Angeles.

He received a B.S. from Harvard University in 1945 and a Ph.D. in 1950. He worked at the RAND Corporation in Santa Monica from 1949 to 1955. He then taught at the University of Chicago from 1955 to 1960, and at UCLA until 2001. Hirshleifer was well known for his work on uncertainty and information in economics, the economic analysis of conflict, and bioeconomics. His undergraduate textbook, Price Theory and Applications, went into seven editions. A 1958 article by Hirshleifer began the triumphant comeback of Irving Fisher's theory of capital and interest, now deemed canonical. While at Rand Corporation, Hirshleifer wrote a report which tore apart the Department of Water and Power's feasibility report for the Oroville Dam, noting among other things that the report failed to include the cost of building the dam. The dam ended up being built. (Cadillac Desert, Chapter 10).

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Events on 1925

  • 10Apr

    F. Scott Fitzgerald

    The Great Gatsby by F. Scott Fitzgerald is first published in New York City, by Charles Scribner's Sons.
  • 25May

    John T. Scopes

    Scopes Trial: John T. Scopes is indicted for teaching Charles Darwin's theory of evolution in Tennessee.
  • 30May

    Shanghai Municipal Police

    May Thirtieth Movement: Shanghai Municipal Police Force shoot and kill 13 protesting workers.
  • 21Jul

    Scopes Trial

    Scopes Trial: In Dayton, Tennessee, high school biology teacher John T. Scopes is found guilty of teaching evolution in class and fined $100.Malcolm Campbell becomes the first man to exceed 150 mph (241 km/h) on land. At Pendine Sands in Wales, he drives Sunbeam 350HP built by Sunbeam at a two-way average speed of 150.33 mph (242 km/h).[2]
  • 5Nov

    Sidney Reilly

    Secret agent Sidney Reilly, the first "super-spy" of the 20th century, is executed by the OGPU, the secret police of the Soviet Union.

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