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Read chapter 9. Jacob Marschak: Biographic Memoirs Volume 60 contains the biographies of deceased members of the National Academy of Sciences and. GM Becker, MH DeGroot, J Marschak. Behavioral science KJ Arrow, T Harris, J Marschak Decision and organization: a volume in honor of Jacob Marschak. Each year (other than World Congress years) the Society’s Marschak Fund supports a lecture, the location of which rotates among the regional meetings held.

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Towards an economic theory of organization and information J Marschak Decision processes 3 1, At the Cowles Commission he initiated a mxrschak on the. Hadley Richard T. It was Marschak who helped introduce modern information theory into economics via Shannon’s formalization of information via the mathematical theory of communication. Plehn Wesley C.

The value, or demand price, of information in any context was governed by the additional benefit that could be obtained by its optimal use, an approach he initiated in ,2 and summarized in ,2.

Outside journalism, Marschak’s work during the s was largely devoted to studies of industry. An organizer of economic research, he became a theorist of organization.

Studies in mathematical economics and econometrics in memory of Henry Schultzeds.

Jacob Marschak – Wikipedia

In he was appointed professor of economics in the graduate faculty of the New School for Social Research—a faculty created largely to accommodate the flood of German refugee scholars and to make use of their talents.


Kemmerer Thomas S. Identity and stability in economics. Marschak did not impose direction; he provided vision and drive. Marschak immediately perceived the consequences of the Nazi accession to power in Also, you can type in a page number and press Enter to go directly to that page in the book. Maurice Allais ‘s critique of the axiom led him to his famous “normative” defense of expected utility theory Although ideas of this kind had long been informally expressed, this was their first true modeling.


Encyclopedia of the social sciences. Arrow Walter W. They studied, in particular, the usefulness of budget studies in developing the consumption function. Marschak’s contributions to economic theory in this phase were dominated by his interest in the concept of uncertainty.

Inovercoming the liability of his Russian accent and Jewish origin, he was appointed Privatdozent at the University of Heidelberg.

Among the papers with jwcob greatest permanent interest were his first, about the raging debate started by Ludwig von Mises on the possibility of a rationally planned socialist society ,1.

Important material on Marschak’s early life is found in an interview with him conducted by Richard A.


Marschak’s team theory makes precise the meaning of “informational decentralization,” of central importance to the controversy on socialist planning that was the subject of his first published paper.

Get my own profile Cited by View all All Since Citations h-index 43 21 iindex 80 Mason Gottfried Haberler George J. Joseph Hall Bodine 1—15 2. In particular, its prewar summer conferences at Colorado Springs had attracted the leaders jacobb the leading econometricians. Marschak had attended the summer conference and in was offered the directorship.

Jacob Marschak

Then his interests found new focus. Anticipating the outbreak of World War II, he arranged for his family to be brought over. Roth Olivier Blanchard Haavelmo was there for a few years working on both model development and statistical methodology.

In he was nominated and marschakk president-elect of the American Economic Association for the year His most noteworthy immediate influence in. Though treated with great reserve by most of the Oxford economics faculty, the Institute became a world-recognized center for empirical analysis in economics.