Jacob Marschak
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| Born | July 23, 1898 Kiev |
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| Died | July 27, 1977 Los Angeles |
| Residence | USA  |
| Nationality | Ukrainian  |
| Field | Economics |
| Institution | Cowles Commission University of Chicago |
| Alma mater | University of Heidelberg |
| Academic advisor | Emil Lederer |
| Notable students | Harry Markowitz Franco Modigliani |
| Known for | Elasticity of demand Early econometrics Choice under uncertainty |
Jacob Marschak (* 23 July 1898 Kiev, Ukraine; † 27 July 1977 Los Angeles, USA) was an American economist of Ukrainian origin.
Marschak together with Roy Radner is said to be the father of the economic theory of teams.
[edit] Life
Jakob Marschak (until 1933 Jakob) was born in Kiev as a son of a jeweller. During his studies he joined the social democratic party. In 1918 he was the minister for labor in the Soviet republic Terek, then he emigrated to Germany, where he studied in Berlin and Heidelberg.
From 1922 till 1926 he was a journalist and in 1928 he joined the new Kiel Institut für Weltwirtschaft. Since he could not become a full professor because of his Jewish origin, he emigrated again to England, where he went to Oxford to teach at the Oxford Institute of Statistics, which was funded by the Rockefeller Foundation. Because of that he could move again to the USA. Here he taught at New School for Social Research. Then in 1943 he went to University of Chicago, where he led the Cowles Commission. He followed the Commission's move to Yale and then became emeritus at University of California. Shortly before he should have become president of the American Economic Association he died from a stroke.
[edit] Honours
- 1946 President of the Econometric Society
- 1963 Honorary Fellow of the Royal Statistical Society
- 1967 Distinguished Fellow of the American Economic Association
