Difference between revisions of "Kenneth Arrow"
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Revision as of 19:22, 23 April 2011
Kenneth Joseph Arrow (born August 23, 1921) is an American[economist and joint winner of the Nobel Memorial Prize in Economics with John Hicks in 1972. To date, he is the youngest person to have received this award, at 51.
In economics, he is considered an important figure in post-World War II neo-classical economic theory. Many of his former graduate students have gone on to win the Nobel Memorial Prize themselves.
His most significant works are his contributions to Public Choice Theory, notably "Arrow's impossibility theorem", and his work on general equilibrium analysis. He has also provided foundational work in many other areas of economics, including endogenous growth theory and the economics of information.
