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Maurice Allais
Maurice Félix Charles Allais (31 May 19119 October 2010) was a French physicist and economist, the 1988 winner of the Nobel Memorial Prize in Economic Sciences "for his pioneering contributions to the theory of markets and efficient utilization of resources", along with John Hicks (Value and Capital, 1939) and Paul Samuelson (The Foundations of Economic Analysis, 1947), to neoclassical synthesis. They formalize the self-regulation of markets, that Keynes refuted, while reiterating some of his ideas. Born in Paris, France, Allais attended the Lycée Lakanal, graduated from the École Polytechnique in Paris and studied at the École nationale supérieure des mines de Paris. His academic and other posts have included being Professor of Economics at the École Nationale Supérieure des Mines de Paris (since 1944) and Director of its Economic Analysis Centre (since 1946). In 1949, he received the title of doctor-engineer from the University of Paris, Faculty of Science. He also held t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, mathematical finance and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decision Theory
Decision theory (or the theory of choice; not to be confused with choice theory) is a branch of applied probability theory concerned with the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome. There are three branches of decision theory: # Normative decision theory: Concerned with the identification of optimal decisions, where optimality is often determined by considering an ideal decision-maker who is able to calculate with perfect accuracy and is in some sense fully rational. # Prescriptive decision theory: Concerned with describing observed behaviors through the use of conceptual models, under the assumption that those making the decisions are behaving under some consistent rules. # Descriptive decision theory: Analyzes how individuals actually make the decisions that they do. Decision theory is closely related to the field of game theory and is an interdisciplinary topic, studied by econom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marcel Boiteux
Marcel Boiteux (9 May 1922 – 6 September 2023) was a French economist, mathematician, and senior civil service member. He was the "architect of the French nuclear program" that created 61 nuclear reactors and kept the French electricity sector less carbon-intensive than other European countries (save Iceland). Boiteux joined Électricité de France (EDF) in 1949 as a student of Maurice Allais and remained there for the rest of his career. In 1959, Marcel Boiteux became the President of the Econometric Society. From 1967 through 1987, he was the director of EDF. He theorized and implemented the price of electricity at marginal cost, and was one of the architects of France's nuclear industry development. His journey illuminates a social environment (that of scientists and senior civil services), a research process (marginal cost), a large company and its strategy, public sector career and power mechanisms, State-public-company relations, and decision-making processes on importa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jacques Lesourne
Jacques Lesourne (26 December 1928 – 1 March 2020) was a French economist who was the director of the daily newspaper ''Le Monde'' from 1991 to 1994. Biography Lesourne studied at the École Polytechnique and Mines ParisTech. His most notable professor was Maurice Allais, a Nobel Prize winner. Lesourne was head of economic services at Charbonnages de France from 1954 to 1957 and managing director at Groupe Sema from 1958 to 1975. He was the director of the Interfuturs project at the OECD from 1976 to 1979 and an economics professor at the Conservatoire national des arts et métiers (CNAM) from 1974 to 1998. He was a member of X-Démographie, économie, population until 1997, and was a founding member of the French Academy of Technologies in 2000. He also chaired Futuribles International. Lesourne published numerous books on economics and foresight. His first economic works were ''Technique économique et gestion industrielle'' (1958) and ''Le calcul économique'' (1964). He ra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mont Pelerin Society
The Mont Pelerin Society (MPS) is an international organization composed of economists, philosophers, historians, intellectuals and business leaders.Michael Novak, 'The Moral Imperative of a Free Economy', in '' The 4% Solution: Unleashing the Economic Growth America Needs'', Bush Institute, Crown Business, 2012, p. 294 The members see the MPS as an effort to interpret in modern terms the fundamental principles of economic society as expressed by classical Western economists, political scientists and philosophers. Its founders included Friedrich Hayek, Frank Knight, Karl Popper, Ludwig von Mises, George Stigler and Milton Friedman. The society advocates freedom of expression, free market economic policies and the political values of an open society. Further, the society seeks to discover ways in which the private sector can replace many functions currently provided by government entities. Aims In its "Statement of Aims" on 8 April 1947, the scholars were worried about the dan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wilfredo Pareto
Vilfredo Federico Damaso Pareto ( , , , ; born Wilfried Fritz Pareto; 15 July 1848 – 19 August 1923) was an Italian polymath (civil engineer, sociologist, economist, political scientist, and philosopher). He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices. He was also responsible for popularising the use of the term "elite" in social analysis. He introduced the concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to discover that income follows a Pareto distribution, which is a power law probability distribution. The Pareto principle was named after him, and it was built on his observations that 80% of the wealth in Italy belonged to about 20% of the population. He also contributed to the fields of sociology and mathematics. According to the mathematician Benoit Mandelbrot and Richard L. Hudson: Biography Pareto was born of an exil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BNO News
BNO News is an international news agency headquartered in Tilburg, the Netherlands. It provides news wire services to media organizations. Overview BNO News was founded by Michael van Poppel of the Netherlands in May 2007. The company ran a popular Twitter-based news service called ''BreakingNews'' (initially called BreakingNewsOn) until December 1, 2009. It scooped regular news organizations on political news, natural disasters, and other breaking news and grew quickly in 2009, when it went from 16,000 to more than 1.5 million followers in less than 11 months, making it one of the most popular news services on Twitter. The service was maintained by journalists from the Netherlands, Ireland, Mexico, and the United States. On September 7, 2007, BNO News obtained an authentic videotape featuring Al-Qaeda leader Osama bin Laden, which it licensed to the Reuters news agency. In February 2009, BNO News won the Best in News award at the 1st Shorty Awards in New York. The Twitter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paris X
Paris Nanterre University (French: ''Université Paris Nanterre''), formerly Paris-X and commonly referred to as Nanterre, is a public research university based in Nanterre, Paris, France. It is one of the most prestigious French universities, mainly in the areas of law, humanities, political science, social and natural sciences and economics. It is one of the thirteen successor universities of the University of Paris. The university is located in the western suburb of Nanterre, in La Défense area, the business district of Paris. History Nanterre was built in the 1960s on the outskirts of Paris as an extension of the Sorbonne. It was set up as an independent university in December 1970. Based on the American model, it was created as a campus (as opposed to the old French universities which were smaller and integrated with the city in which they were located). Nanterre became famous shortly after its opening by being at the center of the May '68 student rebellion. The campus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
École Nationale Supérieure Des Mines De Paris
Mines Paris - PSL, officially École nationale supérieure des mines de Paris (until May 2022 Mines ParisTech, also known as École des mines de Paris, ENSMP, Mines de Paris, les Mines, or Paris School of Mines), is a French grande école and a constituent college of PSL Research University. It was originally established in 1783 by King Louis XVI. Mines Paris is distinguished for the outstanding performance of its research centers and the quality of its international partnerships with other prestigious universities in the world, which include Massachusetts Institute of Technology (MIT), California Institute of Technology (Caltech), Harvard John A. Paulson School of Engineering and Applied Sciences (Harvard SEAS), Shanghai Jiao Tong University, University of Hong Kong, National University of Singapore (NUS), Novosibirsk State University, Pontifical Catholic University of Chile, and Tokyo Tech. Mines Paris also publishes a world university ranking based on the number of alumni ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lycée Lakanal
Lycée Lakanal is a public secondary school in Sceaux, Hauts-de-Seine, France, in the Paris metropolitan area. It was named after Joseph Lakanal, a French politician, and an original member of the Institut de France. The school also offers a middle school and highly ranked " classes préparatoires" undergraduate training. Famous French scientists and writers have graduated from lycée Lakanal, such as Jean Giraudoux, Alain-Fournier and Frédéric Joliot-Curie. The school includes a science building, a large park, a track, and dormitories for the Pôle Espoir Rugby and the boarding students. Several teachers also live at the school along with boarding students. The main classrooms and the dormitories are in one building, and the school uses space heaters in every classroom except the science building's classrooms and the gymnasium. the school has about 2,550 students in all levels, from junior high school to preparatory classes. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keynes
John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. Keynes's intellect was evident early in life; in 1902, he gained admittance to the competitive mathematics program at King's College at the University of Cambridge. During the Great Depression of the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, automa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
