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1998 in philosophy
William Spencer Vickrey was a Canadian-American professor of economics and Nobel Laureate. He was a lifelong faculty member at Columbia University. A theorist who worked on public economics and mechanism design, Vickrey primarily discussed public policy problems. He originated the Vickrey auction, introduced the concept of congestion pricing in networks, formalized arguments for marginal cost pricing, and contributed to optimal income taxation. James Tobin described him as "an applied economist’s theorist, as well as a theorist’s applied economist.”
Amartya Kumar Sen is an Indian economist and philosopher. Sen has taught and worked in England and the United States since 1972. In 1998, Sen received the Nobel Memorial Prize in Economic Sciences for his contributions to welfare economics. He has also made major scholarly contributions to social choice theory, economic and social justice, economic theories of famines, decision theory, development economics, public health, and the measures of well-being of countries.
An economist is a professional and practitioner in the social science discipline of economics.
Robert Emerson Lucas Jr. was an American economist at the University of Chicago. Widely regarded as the central figure in the development of the new classical approach to macroeconomics, he received the Nobel Memorial Prize in Economic Sciences in 1995 "for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy". N. Gregory Mankiw characterized him as "the most influential macroeconomist of the last quarter of the 20th century". In 2020, he ranked as the 10th most cited economist in the world.
George Arthur Akerlof is an American economist and a university professor at the McCourt School of Public Policy at Georgetown University and Koshland Professor of Economics Emeritus at the University of California, Berkeley. Akerlof was awarded the 2001 Nobel Memorial Prize in Economic Sciences, jointly with Michael Spence and Joseph Stiglitz, "for their analyses of markets with asymmetric information." He is the husband of United States Secretary of the Treasury Janet Yellen.
The Humboldt University of Berlin is a public research university in the central borough of Mitte in Berlin, Germany.
The year 1916 involved a number of significant events in science and technology, some of which are listed below.
The Chicago school of economics is a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago, some of whom have constructed and popularized its principles. Milton Friedman and George Stigler are considered the leading scholars of the Chicago school.
The University of Hamburg is a public research university in Hamburg, Germany. It was founded on 28 March 1919 by combining the previous General Lecture System, the Hamburg Colonial Institute, and the Academic College. The main campus is located in the central district of Rotherbaum, with affiliated institutes and research centres distributed around the city-state. Seven Nobel Prize winners and one Wolf Prize winner are affiliated with UHH.
Geoffrey Brennan was an Australian philosopher. He was professor of philosophy at the University of North Carolina at Chapel Hill, professor of political science at Duke University, and faculty member in the Research School of Social Sciences (RSSS) at the Australian National University. He was the Director of the Research School from 1991-1996.
Bengt Robert Holmström is a Finnish economist who is currently Paul A. Samuelson Professor of Economics (Emeritus) at the Massachusetts Institute of Technology. Together with Oliver Hart, he received the Central Bank of Sweden Nobel Memorial Prize in Economic Sciences in 2016.
Robert Butler "Bob" Wilson, Jr. is an American economist who is the Adams Distinguished Professor of Management, Emeritus at Stanford University. He was jointly awarded the 2020 Nobel Memorial Prize in Economic Sciences, together with his Stanford colleague and former student Paul R. Milgrom, "for improvements to auction theory and inventions of new auction formats". Two more of his students, Alvin E. Roth and Bengt Holmström, are also Nobel Laureates in their own right.
The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is an economics award funded by Sveriges Riksbank and administered by the Nobel Foundation.
The Center for Philosophy of Science is an academic center located at the University of Pittsburgh in Pittsburgh, Pennsylvania, dedicated to research in the philosophy of science. The center was founded by Adolf Grünbaum in 1960. The current director of the center is Edouard Machery.
1927 in philosophy
The Berggruen Prize for Philosophy and Culture is a US$1-million award given each year to a significant individual in the field of philosophy. It is awarded by the Berggruen Institute to "thinkers whose ideas have helped us find direction, wisdom, and improved self-understanding in a world being rapidly transformed by profound social, technological, political, cultural, and economic change."
The 1950 Nobel Prize in Literature was awarded the British philosopher Bertrand Russell (1872–1970) "in recognition of his varied and significant writings in which he champions humanitarian ideals and freedom of thought." He is the fourth philosopher to become a recipient of the prize after the French analytic-continental philosopher Henri Bergson in 1927, and was followed by the French-Algerian existentialist Albert Camus in 1957. He is also the fifth British author to be awarded.