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Henry Schultz
Henry Schultz (September 4, 1893 – November 26, 1938) was an American economist, statistician, and one of the founders of econometrics. Paul Samuelson named Schultz (along with Harry Gunnison Brown, Allyn Abbott Young, Henry Ludwell Moore, Frank Knight, Jacob Viner, and Wesley Clair Mitchell) as one of the several "American saints in economics" born after 1860. Life Henry Schultz was born on September 4, 1893 in a Polish Jewish family in Sharkawshchyna, in the Russian Empire (now part of Belarus). " Schultz's family - father, mother (Rebecca Kissin) with their 2 sons - Henry and his brother Joseph moved to New York City in the United States. Henry Schultz completed his primary education, as well as undergraduate studies at the College of the City of New York, receiving a BA in 1916. For graduate work, Henry Schultz enrolled at Columbia University, but had to interrupt studies in 1917 because of World War I. After the war he received a scholarship which enabled him to spend 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sharkawshchyna
Sharkawshchyna or Sharkovshchina ( be, Ша́ркаўшчына, Šarkaŭščyna; russian: Шарковщина; pl, Szarkowszczyna; yi, שאַרקוישטשינע, Sharkoyshtchine) is an urban-type settlement in Vitebsk Region, Belarus, and the administrative center of Sharkawshchyna District. It has a population of 6,900 (2010). History Within the Grand Duchy of Lithuania, Sharkawshchyna was part of Vilnius Voivodeship. In 1793, the town was acquired by the Russian Empire as a result of the Second Partition of Poland. From 1921 until 1939, Sharkawshchyna was part of the Second Polish Republic. In September 1939, Sharkawshchyna was occupied by the Red Army and, on 14 November 1939, incorporated into the Byelorussian SSR. From 30 June 1941 until 1 July 1944, Sharkawshchyna was occupied by Nazi Germany and administered as a part of the ''Generalbezirk Weißruthenien'' of '' Reichskommissariat Ostland''. In October 1941, 1,900 Jews of the town and surroundings were kept imp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Samuelson
Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory". "In a career that spanned seven decades, he transformed his field, influenced millions of students and turned MIT into an economics powerhouse" Economic historian Randall E. Parker has called him the "Father of Modern Economics", and ''The New York Times'' considers him to be the "foremost academic economist of the 20th century". Samuelson was likely the most influential economist of the latter half of the 20th century."Paul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply And Demand
In microeconomics, supply and demand is an economic model of price determination in a Market (economics), market. It postulates that, Ceteris paribus, holding all else equal, in a perfect competition, competitive market, the unit price for a particular Good (economics), good, or other traded item such as Labour supply, labor or Market liquidity, liquid financial assets, will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted. The concept of supply and demand forms the theoretical basis of modern economics. In macroeconomics, as well, the AD–AS model, aggregate demand-aggregate supply model has been used to depict how the quantity of real GDP, total output and the aggregate price level may be determined in equilibrium. Graphical representations Supply schedule A supply schedule, depicted graphically as a supply cu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Econometric Society
The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians. It was founded on December 29, 1930, at the Statler Hotel in Cleveland, Ohio. Its first president was Irving Fisher. As of 2014, there are about 700 Elected Fellows of the Econometric Society, making it one of the most prevalent research affiliations. New fellows are elected each year by the current fellows. The sixteen founding members were Ragnar Frisch, Charles F. Roos, Joseph A. Schumpeter, Harold Hotelling, Henry Schultz, Karl Menger, Edwin B. Wilson, Frederick C. Mills, William F. Ogburn, J. Harvey Rogers, Malcolm C. Rorty, Carl Snyder, Walter A. Shewhart, Øystein Ore, Ingvar Wedervang and Norbert Wiener. The first president was Irving Fisher. The Econometric Society sponsors the Economics academic journal An ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demand Curve
In economics, a demand curve is a graph depicting the relationship between the price of a certain commodity (the ''y''-axis) and the quantity of that commodity that is demanded at that price (the ''x''-axis). Demand curves can be used either for the price-quantity relationship for an individual consumer (an individual demand curve), or for all consumers in a particular market (a market demand curve). It is generally assumed that demand curves slope down, as shown in the adjacent image. This is because of the law of demand: for most goods, the quantity demanded falls if the price rises. Certain unusual situations do not follow this law. These include Veblen goods, Giffen goods, and speculative bubbles where buyers are attracted to a commodity if its price rises. Demand curves are used to estimate behaviour in competitive markets and are often combined with supply curves to find the equilibrium price (the price at which sellers together are willing to sell the same amount as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karl Pearson
Karl Pearson (; born Carl Pearson; 27 March 1857 – 27 April 1936) was an English mathematician and biostatistician. He has been credited with establishing the discipline of mathematical statistics. He founded the world's first university statistics department at University College, London in 1911, and contributed significantly to the field of biometrics and meteorology. Pearson was also a proponent of social Darwinism, eugenics and scientific racism. Pearson was a protégé and biographer of Sir Francis Galton. He edited and completed both William Kingdon Clifford's ''Common Sense of the Exact Sciences'' (1885) and Isaac Todhunter's ''History of the Theory of Elasticity'', Vol. 1 (1886–1893) and Vol. 2 (1893), following their deaths. Biography Pearson was born in Islington, London into a Quaker family. His father was William Pearson QC of the Inner Temple, and his mother Fanny (née Smith), and he had two siblings, Arthur and Amy. Pearson attended University Colleg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Galton Laboratory
The Galton Laboratory was a laboratory for research into eugenics and then into human genetics based at University College London in London, England. It was originally established in 1904, and became part of UCL's biology department in 1996. The ancestor of the Galton Laboratory was the Eugenics Record Office founded by Francis Galton in 1904. In 1907 the Office was reconstituted as the Galton Eugenics Laboratory as part of UCL and under the direction of Karl Pearson the Professor of Applied Mathematics. Galton financed the Laboratory and on his death left UCL enough money to create a chair in National Eugenics which Pearson filled. The Laboratory published a series of memoirs and in 1925 Pearson created the ''Annals of Eugenics'', which continues as the ''Annals of Human Genetics''. The journal has always been edited at the Galton. Pearson was succeeded as Galton Professor by R. A. Fisher in 1934. When Fisher moved to Cambridge in 1944 the laboratory was incorporated in an enlar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wesley Clair Mitchell
Wesley Clair Mitchell (August 5, 1874 – October 29, 1948) was an American economist known for his empirical work on business cycles and for guiding the National Bureau of Economic Research in its first decades. Mitchell was referred to as Thorstein Veblen's "star student." Paul Samuelson named Mitchell (along with Harry Gunnison Brown, Allyn Abbott Young, Henry Ludwell Moore, Frank Knight, Jacob Viner, and Henry Schultz) as one of the several "American saints in economics" born after 1860. Biography Mitchell was born in Rushville, Illinois, the second child and oldest son of a Civil War army doctor turned farmer. In a family with seven children and a disabled father with an appetite for business ventures "verging on rashness" a lot of responsibility fell on the oldest son. Despite these challenges, Wesley Clair went to study at the University of Chicago and was awarded a PhD in 1899. Mitchell's career as a researcher and teacher took the following course: instructor in ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jacob Viner
Jacob Viner (3 May 1892 – 12 September 1970) was a Canadian economist and is considered with Frank Knight and Henry Simons to be one of the "inspiring" mentors of the early Chicago school of economics in the 1930s: he was one of the leading figures of the Chicago faculty. Paul Samuelson named Viner (along with Harry Gunnison Brown, Allyn Abbott Young, Henry Ludwell Moore, Frank Knight, Wesley Clair Mitchell, and Henry Schultz) as one of the several "American saints in economics" born after 1860. He was an important figure in the field of political economy. Early life Viner was born to a Jewish family on May 3, 1892, in Montreal, Quebec, to Romanian immigrant parents. He earned his undergraduate degree at McGill University in 1914. He received a PhD at Harvard University, where he wrote his dissertation, under the trade economist F. W. Taussig. Academic career Viner was a professor at the University of Chicago from 1916 to 1917 and from 1919 to 1946. At various times, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frank Knight
Frank Hyneman Knight (November 7, 1885 – April 15, 1972) was an American economist who spent most of his career at the University of Chicago, where he became one of the founders of the Chicago School. Nobel laureates Milton Friedman, George Stigler and James M. Buchanan were all students of Knight at Chicago. Ronald Coase said that Knight, without teaching him, was a major influence on his thinking. F.A. Hayek considered Knight to be one of the major figures in preserving and promoting classical liberal thought in the twentieth century. Paul Samuelson named Knight (along with Harry Gunnison Brown, Allyn Abbott Young, Henry Ludwell Moore, Wesley Clair Mitchell, Jacob Viner, and Henry Schultz) as one of the several "American saints in economics" born after 1860. Life and career Knight ( BA, Milligan College, 1911; BS and AM, Tennessee, 1913; PhD, Cornell, 1916) was born in 1885 in McLean County, Illinois, the son of Julia Ann (Hyneman) and Winton Cyrus Knight. After his ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
