Tjalling Koopmans

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Tjalling C. Koopmans
TjallingKoopmans1967.jpg
Koopmans in 1967
Born(1910-08-28)August 28, 1910
DiedFebruary 26, 1985(1985-02-26) (aged 74)
Nationality Dutch, American
Alma mater University of Utrecht
University of Leiden
Known for Transport economics
Hitchcock–Koopmans transportation problem
Ramsey–Cass–Koopmans model
Koopmans' theorem
Awards Nobel Memorial Prize in Economic Sciences (1975)
Scientific career
Fields Economics, Physics
Institutions University of Chicago
Doctoral advisor Hans Kramers
Jan Tinbergen
Doctoral students Carl Christ
Stanley Reiter
Rolf Mantel  [ es ]
Guillermo Calvo

Tjalling Charles Koopmans (August 28, 1910 – February 26, 1985) was a Dutch-American mathematician and economist. He was the joint winner with Leonid Kantorovich of the 1975 Nobel Memorial Prize in Economic Sciences for his work on the theory of the optimum allocation of resources. Koopmans showed that on the basis of certain efficiency criteria, it is possible to make important deductions concerning optimum price systems.

Contents

Biography

Koopmans (1967) KoopmansLeuven1967.jpg
Koopmans (1967)

Koopmans was born in 's-Graveland, Netherlands. He began his university education at the Utrecht University at seventeen, specializing in mathematics. Three years later, in 1930, he switched to theoretical physics. In 1933, he met Jan Tinbergen, the winner of the 1969 Nobel Memorial Prize in Economics, and moved to Amsterdam to study mathematical economics under him. In addition to mathematical economics, Koopmans extended his explorations to econometrics and statistics. In 1936 he graduated from Leiden University with a PhD, under the direction of Hendrik Kramers. The title of the thesis was "Linear regression analysis of economic time series". [1] He also worked for the Economic and Financial Organization of the League of Nations. [2] :28

Koopmans moved to the United States in 1940. There he worked for a while for a government body in Washington, D.C., where he published on the economics of transportation focusing on optimal routing, then moved to Chicago where he joined a research body, the Cowles Commission for Research in Economics, affiliated with the University of Chicago. In 1946, he became a naturalized citizen of the United States and in 1948 director of the Cowles Commission. Also in 1948, he was elected as a Fellow of the American Statistical Association. [3] In 1950 he became a corresponding member of the Royal Netherlands Academy of Arts and Sciences. [4] Rising hostile opposition to the Cowles Commission by the department of economics at University of Chicago during the 1950s led Koopmans to convince the Cowles family to move it to Yale University in 1955 (where it was renamed the Cowles Foundation). He continued to publish, on the economics of optimal growth and activity analysis.

Koopmans's early works on the Hartree–Fock theory are associated with the Koopmans' theorem, which is very well known in quantum chemistry. Koopmans was awarded his Nobel memorial prize (jointly with Leonid Kantorovich) for his contributions to the field of resource allocation, specifically the theory of optimal use of resources. The work for which the prize was awarded focused on activity analysis, the study of interactions between the inputs and outputs of production, and their relationship to economic efficiency and prices. Finally, the importance of the article by Koopmans (1942) deriving the distribution of the serial correlation coefficient was recognized by John von Neumann, and it later influenced the optimal tests for a unit root by John Denis Sargan and Alok Bhargava (Sargan and Bhargava, 1983).

Family and name

Tjalling Charles Koopmans was a son of Sjoerd Koopmans and Wytske van der Zee; his middle name Charles was probably derived from his patronymic "Sjoerds". [5]

One of Sjoerd Koopmans's sisters, Gatske Koopmans, and her husband Symon van der Meer were the paternal grandparents of Nobel Prize winner Simon van der Meer. [6] [7] Tjalling Koopmans and Simon van der Meer were therefore first cousins once removed.

Tjalling had two brothers, one of whom was theologian Rev. Dr Jan Koopmans, who in 1940, early during the German occupation of the Netherlands, wrote the widely distributed pamphlet "Bijna te laat" ("Almost too late", 30,000 copies), warning about the future of the Jews under the Nazi regime. [8] In 1945, towards the end of the war, he witnessed an execution of hostages in Amsterdam from behind a window and was mortally wounded by a stray bullet. [9] [10]

Selected works

Further reading

See also

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References

  1. Tjalling Koopmans (1936). "Linear regression analysis of economic time series" (PDF).
  2. Louis W. Pauly (December 1996), "The League of Nations and the Foreshadowing of the International Monetary Fund", Essays in International Finance, Princeton University, 201, SSRN   2173443
  3. View/Search Fellows of the ASA, accessed 2016-07-23.
  4. "T.C. Koopmans (1910 - 1985)". Royal Netherlands Academy of Arts and Sciences. Retrieved 11 May 2020.
  5. Ruurd Koopmans. De Macht van Twee: Kwartierstaat van de kinderen van Hendrik Koopmans en Minke Jager (in Dutch).
  6. "Ancestors of Tjalling Koopmans". Family Affairs. 2010. Retrieved 18 March 2017.
  7. D.Th. Kuiper (2002). Tussen observatie en participatie: twee eeuwen gereformeerde en antirevolutionaire wereld in ontwikkelingsperspectief (in Dutch). Uitgeverij Verloren. ISBN   978-90-6550-694-8.
  8. Dewulf, Jeroen (1 December 2010). Spirit of Resistance: Dutch Clandestine Literature During the Nazi Occupation. Boydell & Brewer. p. 125. ISBN   978-1571134936.
  9. van Istendael, Geert (1 July 2005). Mijn Nederland[My Netherlands] (in Dutch). Atlas-Contact. ISBN   9789045005195.
  10. Koopmans, Tjalling Charles (1975). "Tjalling C. Koopmans - Biographical". Nobel Media AB 2014. Retrieved 27 July 2017.
Awards
Preceded by Laureate of the Nobel Memorial Prize in Economics
1975
Served alongside: Leonid Vitaliyevich Kantorovich
Succeeded by