|Born||18 October 1952|
Pleasantville, New York, U.S.
|Died|| 28 August 2005 52) (aged|
Paul Andrew Geroski (18 October 1952 – 28 August 2005) was a leading economist in the United Kingdom. Although born in Pleasantville, New York, United States, Geroski studied and spent most of his career in Britain, where he settled permanently in 1975.
Economics is the social science that studies the production, distribution, and consumption of goods and services.
The United Kingdom (UK), officially the United Kingdom of Great Britain and Northern Ireland, and sometimes referred to as Britain, is a sovereign country located off the north-western coast of the European mainland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands. Northern Ireland is the only part of the United Kingdom that shares a land border with another sovereign state, the Republic of Ireland. Apart from this land border, the United Kingdom is surrounded by the Atlantic Ocean, with the North Sea to the east, the English Channel to the south and the Celtic Sea to the south-west, giving it the 12th-longest coastline in the world. The Irish Sea lies between Great Britain and Ireland. With an area of 242,500 square kilometres (93,600 sq mi), the United Kingdom is the 78th-largest sovereign state in the world. It is also the 22nd-most populous country, with an estimated 66.0 million inhabitants in 2017.
Pleasantville is a village in the town of Mount Pleasant, in Westchester County, New York. It is located 30 miles north of Manhattan. The village population was 7,019 at the 2010 census. Pleasantville is home to a campus of Pace University and to the Jacob Burns Film Center. It was the original home of Reader's Digest, which still uses a Pleasantville postal address. Most of Pleasantville is served by the Pleasantville Union Free School District, with small parts of northern Pleasantville served by the Chappaqua Central School District. The village is also home to the Bedford Road School, Pleasantville Middle School, and Pleasantville High School.
Following the completion of a PhD at University of Warwick he joined the Economics Department at University of Southampton as a lecturer. He quickly established a reputation as an excellent teacher who was generous with his time. Initially he was given the task of teaching mathematics to 1st year students, many of whom had not studied maths at A level. His 'one hour revision lecture' on differentiation for those students at the start of the course was supported by hours of help in his office. He was also well known for teaching partial differentiation with the aid of a borrowed motorcycle helmet. He taught 'Economic Problems of Industry' to second year students. This quickly (in his second year at Southampton) became the most popular optional course run by the department. His good humour, friendliness, willingness to give up his time and sharp mind all contributed to making his courses popular. Many students chose him to supervise their dissertation for the same reasons.
The University of Warwick is a public research university on the outskirts of Coventry between the West-Midlands and Warwickshire, England. It was founded in 1965 as part of a government initiative to expand higher education. Within the University, Warwick Business School was established in 1967, Warwick Law School was established in 1968, Warwick Manufacturing Group was established in 1980 and Warwick Medical School was opened in 2000. Warwick incorporated Coventry College of Education in 1979 and Horticulture Research International in 2004. Warwick is consistently cited as amongst the world's most targeted university institutions by employers and was the world's third best young university in 2015.
The University of Southampton is a research university located in Southampton, England. The university's origins date back to the founding of the Hartley Institution in 1862. In 1902, the Institution developed into the Hartley University College, awarding degrees from the University of London. On 29 April 1952, the institution was granted full university status, allowing it to award its own degrees. Southampton is a founding member of the Russell Group of research-intensive universities in Britain. In the most recent Research Excellence Framework the university was ranked 18th in the United Kingdom for average quality of research submitted, 11th for research power and 8th for research intensity.
In 1991 he became a professor of economics at the London Business School, later becoming Dean of its MBA programme (1995–98). The elective course Technology and Competition was amongst the courses he taught. He was a governor of the school from 1999-2001.
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In 1998 he became a member of the Monopolies and Mergers Commission, which subsequently was superseded by the Competition Commission. He became deputy chairman in 2001 and was its chairman from May 2004 until his death.
The Competition Commission was a non-departmental public body responsible for investigating mergers, markets and other enquiries related to regulated industries under competition law in the United Kingdom. It was a competition regulator under the Department for Business, Innovation and Skills (BIS). It was tasked with ensuring healthy competition between companies in the UK for the ultimate benefit of consumers and the economy.
His research interests were innovation, technical change and determinants of corporate performance. Geroski's extensive case studies of R&D and innovation challenged the view that subsidies to R&D were justified by positive externalities, or "spillovers". He found that, when the parties involved were properly specified, almost all gains were captured by them.
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