Frederic M. Scherer

Last updated

Frederic Michael Scherer (born 1932 in Ottawa, Illinois) is an American economist and expert on industrial organization. Since 2006, he continues as a professor of economics at the JFK School of Government at Harvard University.

Contents

Early and family life

Scherer received his A.B. degree with honors and distinction from the University of Michigan and his M.B.A. with high distinction from Harvard University in 1958 and his PhD in economics from Harvard in 1963. [1]

He is married to Barbara Silbermann Scherer, and the couple have three children and eight grandchildren. [2]

Career

Scherer served as the chief economist for the Federal Trade Commission in 1974-76. [3] He has taught at Princeton University, Northwestern University, Swarthmore College, Haverford College, the University of Bayreuth and the Central European University. Since 2006 Scherer has been Emeritus Professor of Public Policy and Corporate Management in the Aetna Chair, in the John F. Kennedy School of Government, Harvard University.

His research specialties include industrial economics and the economics of technological change, on which he has many much-cited publications, including the books listed below, and the articles in [4] [5] His 1971 textbook on Industrial Organization has gone through many editions, and Scherer still participates on the advisory board for the scholarly magazine of the same name. Scherer has also published recently concerning patent policy reform. [6] Upon the death of Thomas McCraw, Scherer may be the scholar with the most expertise concerning the theories of former Harvard professor Joseph Schumpeter, about whom he has made a series of YouTube videos. [7]

Honors

Scherer received the first "Distinguished Fellow Award" from the Industrial Organization Society in 1999; [8] the second was Jean Tirole, [9] who later received the Nobel Prize in 2014 for his work in industrial organization. [10] Scherer also received an honorary doctorate from the University of Hohenheim, Germany. He served as the 3rd [11] president of the Industrial Organization Society, as well as of the International Joseph A. Schumpeter Society, and vice president of the American Economic Association and of the Southern Economic Association. He received the Lifetime Achievement Award from the American Antitrust Institute in 2002. [12]

Publications

Related Research Articles

Joseph Schumpeter Austrian economist

Joseph Alois Schumpeter was an Austrian political economist. He was born in Moravia, and briefly served as Finance Minister of German-Austria in 1919. In 1932, he emigrated to the United States to become a professor at Harvard University, where he remained until the end of his career, and in 1939 obtained American citizenship.

In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of firms and markets. Industrial organization adds real-world complications to the perfectly competitive model, complications such as transaction costs, limited information, and barriers to entry of new firms that may be associated with imperfect competition. It analyzes determinants of firm and market organization and behavior on a continuum between competition and monopoly, including from government actions.

Law and economics or economic analysis of law is the application of economic theory to the analysis of law that began mostly with scholars from the Chicago school of economics. Economic concepts are used to explain the effects of laws, to assess which legal rules are economically efficient, and to predict which legal rules will be promulgated. There are two major branches of law and economics. The first branch is based on the application of the methods and theories of neoclassical economics to the positive and normative analysis of the law. The second branch focuses on an institutional analysis of law and legal institutions, with a broader focus on economic, political, and social outcomes. This second branch of law and economics thus overlaps more with work on political institutions and governance institutions more generally.

Competition law is a law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as anti-monopoly law in China and Russia. In previous years it has been known as trade practices law in the United Kingdom and Australia. In the European Union, it is referred to as both antitrust and competition law.

Harold Demsetz American economist

Harold Demsetz was an American professor of economics at the University of California at Los Angeles (UCLA).

Robert Z. Lawrence South African economist

Robert Zachary Lawrence, a former South African national, is the Albert L. Williams Professor of International Trade and Investment at John F. Kennedy School of Government at Harvard University. He is also a senior fellow at the Peterson Institute for International Economics, and a Research Associate at the National Bureau of Economic Research.

Elhanan Helpman Israeli economist

Elhanan Helpman is an Israeli economist who is currently the Galen L. Stone Professor of International Trade at Harvard University. He is also a Professor Emeritus at the Eitan Berglas School of Economics at Tel Aviv University. Helpman is among the thirty most cited economists in the world according to IDEAS/RePEc.

David Bruce Audretsch is an American economist. He is a distinguished professor at the School of Public and Environmental Affairs (SPEA) at Indiana University and also serves as director of the SPEA International Office, Ameritech Chair of Economic Development, and director of SPEA's Institute for Development Strategies (IDS). He is co-founder and co-editor of Small Business Economics: An Entrepreneurship Journal, and also works as a consultant to the United Nations, the World Bank, the OECD, the EU Commission, and the U.S. Department of State. He was the Director of the Entrepreneurship, Growth and Public Policy Group at the Max Planck Institute of Economics in Germany from 2003 to 2009. Since 2020, he also serves as a Distinguished Professor in the Department of Innovation Management and Entrepreneurship at the University of Klagenfurt.

Competition law theory covers the strands of thought relating to competition law or antitrust policy.

George Ward Stocking Sr. was an American economist, who was one of the pioneers of industrial organization and an early writer on international cartels.

Aaron S. Edlin is an American economist and lawyer specializing in antitrust and competition policy. In 1997–1998, he served in the Clinton White House as Senior Economist within the Council of Economic Advisers focusing on the areas of industrial organization, regulation and antitrust. In 1999, he co-founded the Berkeley Electronic Press, an electronic publishing company that assists with scholarly communication.

Donald Frank Turner was an American antitrust attorney, economist, legal scholar and educator who spent most of his career teaching at Harvard Law School. He was also Assistant Attorney General in charge of the Antitrust Division from 1965-68.

Joe Staten Bain was an American economist associated with the University of California, Berkeley. Bain was designated a Distinguished Fellow by the American Economic Association in 1982. An accompanying statement referred to him as "the undisputed father of modern Industrial Organization Economics."

Lawrence J. White

Lawrence J. White is Robert Kavesh Professor of Economics at New York University's Leonard N. Stern School of Business. During 1986–1989 he was on leave to serve as board member, Federal Home Loan Bank Board, in which capacity he also served as board member for Freddie Mac; and during 1982–1983 he was on leave to serve as Director of the Economic Policy Office, Antitrust Division, US Department of Justice. He is the General Editor of The Review of Industrial Organization and formerly Secretary-Treasurer of the Western Economic Association International.

Maureen Brunt was an Australian economist and academic who specialised in the field of competition law. She was Emeritus professor of Economics at Monash University.

William Lazonick is an economist who studies innovation and competition in the global economy.

Jesse William Markham was an American economist. Markham was best known for his work on antitrust policy, price theory and industrial organization. Markham was the Charles Edward Wilson Professor of Business Administration at Harvard Business School (HBS), and the former chief economist to the Federal Trade Commission.

William F. Shughart II American economist and researcher (born 1947)

William Franklin Shughart II is an American economist and researcher. He is the J. Fish Smith Professor in Public Choice at the Jon M. Huntsman School of Business at Utah State University, and research director as well as senior fellow at The Independent Institute. He also serves as the editor-in-chief of Public Choice, senior associate editor of the Southern Economic Journal and associate editor of the Independent Review.

Michael Waterson is a British economist, researcher and academic. He is Professor of Economics at University of Warwick.

Nicolas Petit is a Franco-Belgian academic specializing in competition policy, economic regulation, law and technology. He is Joint Chair in Competition Law at the European University Institute, Florence, Italy, in the Department of Law and at the Robert Schuman Center for Advanced Studies.

References

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.