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Tjalling Koopmans
Tjalling Charles Koopmans (August 28, 1910 – February 26, 1985) was a Dutch-American mathematician and economist. He was the joint winner with Leonid Kantorovich of the 1975 Nobel Memorial Prize in Economic Sciences for his work on the theory of the optimum allocation of resources. Koopmans showed that on the basis of certain efficiency criteria, it is possible to make important deductions concerning optimum price systems. Biography Koopmans was born in 's-Graveland, Netherlands. He began his university education at the Utrecht University at seventeen, specializing in mathematics. Three years later, in 1930, he switched to theoretical physics. In 1933, he met Jan Tinbergen, the winner of the 1969 Nobel Memorial Prize in Economics, and moved to Amsterdam to study mathematical economics under him. In addition to mathematical economics, Koopmans extended his explorations to econometrics and statistics. In 1936 he graduated from Leiden University with a PhD, under the directio ...
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's-Graveland
s-Graveland is a village in the Dutch province of North Holland. It is a part of the municipality of Wijdemeren, and lies about 4 km northwest of Hilversum. The former municipality of 's-Graveland merged with Loosdrecht and Nederhorst den Berg on 1 January 2002 to form the new municipality Wijdemeren. The village was first mentioned in 1634 as "de akkers in 's Graevenlandt", and means "the land of the Count (of Holland)". The area was property of the count until the early 16th century when it was cultivated. Estates Since the seventeenth century,'s-Graveland was a popular location for wealthy families from Amsterdam, who bought, built or inherited villas and estates there, like: * Bantam, * Boekesteyn, * Gooilust, * Hilverbeek aan de Leeuwenlaan, * Land en Bosch, * Schaep en Burgh, * Schoonoord, * Spanderswoud, * Sperwershof, * Spiegelrust, * Swaenenburgh, * Trompenburgh, built by Cornelis Tromp, in loan by the Rijksmuseum in Amsterdam. The 's-Gravelandsevaart or 's-Gravelan ...
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Leonid Kantorovich
Leonid Vitalyevich Kantorovich ( rus, Леони́д Вита́льевич Канторо́вич, , p=lʲɪɐˈnʲit vʲɪˈtalʲjɪvʲɪtɕ kəntɐˈrovʲɪtɕ, a=Ru-Leonid_Vitaliyevich_Kantorovich.ogg; 19 January 19127 April 1986) was a Soviet mathematician and economist, known for his theory and development of techniques for the optimal allocation of resources. He is regarded as the founder of linear programming. He was the winner of the Stalin Prize in 1949 and the Nobel Memorial Prize in Economic Sciences in 1975. Biography Kantorovich was born on 19 January 1912, to a Russian Jewish family. His father was a doctor practicing in Saint Petersburg. In 1926, at the age of fourteen, he began his studies at Leningrad State University. He graduated from the Faculty of Mathematics and Mechanics in 1930, and began his graduate studies. In 1934, at the age of 22 years, he became a full professor. Later, Kantorovich worked for the Soviet government. He was given the task of opti ...
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University Of Chicago
The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park neighborhood. The University of Chicago is consistently ranked among the best universities in the world and it is among the most selective in the United States. The university is composed of an undergraduate college and five graduate research divisions, which contain all of the university's graduate programs and interdisciplinary committees. Chicago has eight professional schools: the Law School, the Booth School of Business, the Pritzker School of Medicine, the Crown Family School of Social Work, Policy, and Practice, the Harris School of Public Policy, the Divinity School, the Graham School of Continuing Liberal and Professional Studies, and the Pritzker School of Molecular Engineering. The university has additional campuses and centers in London, Paris, Beijing, Delhi, and Hong Kong, as well as in downtown ...
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Cowles Foundation
The Cowles Foundation for Research in Economics is an economic research institute at Yale University. It was created as the Cowles Commission for Research in Economics at Colorado Springs in 1932 by businessman and economist Alfred Cowles. In 1939, the Cowles Commission moved to the University of Chicago under Theodore O. Yntema. Jacob Marschak directed it from 1943 until 1948, when Tjalling C. Koopmans assumed leadership. Increasing opposition to the Cowles Commission from the department of economics of the University of Chicago during the 1950s impelled Koopmans to persuade the Cowles family to move the commission to Yale University in 1955 where it became the Cowles Foundation. As its motto ''Theory and Measurement'' implies, the Cowles Commission focuses on linking economic theory to mathematics and statistics. Its advances in economics involved the creation and integration of general equilibrium theory and econometrics. The thrust of the Cowles approach was a specific, proba ...
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Chicago
(''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_type2 = Counties , subdivision_name1 = Illinois , subdivision_name2 = Cook and DuPage , established_title = Settled , established_date = , established_title2 = Incorporated (city) , established_date2 = , founder = Jean Baptiste Point du Sable , government_type = Mayor–council , governing_body = Chicago City Council , leader_title = Mayor , leader_name = Lori Lightfoot ( D) , leader_title1 = City Clerk , leader_name1 = Anna Valencia ( D) , unit_pref = Imperial , area_footnotes = , area_tot ...
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Economics Of Transportation
Transport economics is a branch of economics founded in 1959 by American economist John R. Meyer that deals with the allocation of resources within the transport sector. It has strong links to civil engineering. Transport economics differs from some other branches of economics in that the assumption of a spaceless, instantaneous economy does not hold. People and goods flow over networks at certain speeds. Demands peak. Advance ticket purchase is often induced by lower fares. The networks themselves may or may not be competitive. A single trip (the final good, in the consumer's eyes) may require the bundling of services provided by several firms, agencies and modes. Although transport systems follow the same supply and demand theory as other industries, the complications of network effects and choices between dissimilar goods (e.g. car and bus travel) make estimating the demand for transportation facilities difficult. The development of models to estimate the likely choices bet ...
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Washington D
Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered on Washington, D.C. * George Washington (1732–1799), the first president of the United States Washington may also refer to: Places England * Washington, Tyne and Wear, a town in the City of Sunderland metropolitan borough ** Washington Old Hall, ancestral home of the family of George Washington * Washington, West Sussex, a village and civil parish Greenland * Cape Washington, Greenland * Washington Land Philippines *New Washington, Aklan, a municipality *Washington, a barangay in Catarman, Northern Samar *Washington, a barangay in Escalante, Negros Occidental *Washington, a barangay in San Jacinto, Masbate *Washington, a barangay in Surigao City United States * Washington, Wisconsin (other) * Fort Washington (disambiguatio ...
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Hendrik Kramers
Hendrik Anthony "Hans" Kramers (17 December 1894 – 24 April 1952) was a Dutch physicist who worked with Niels Bohr to understand how electromagnetic waves interact with matter and made important contributions to quantum mechanics and statistical physics. Background and education Hans Kramers was born on 17 December 1894 in Rotterdam. the son of Hendrik Kramers, a physician, and Jeanne Susanne Breukelman. In 1912 Hans finished secondary education ( HBS) in Rotterdam, and studied mathematics and physics at the University of Leiden, where he obtained a master's degree in 1916. Kramers wanted to obtain foreign experience during his doctoral research, but his first choice of supervisor, Max Born in Göttingen, was not reachable because of the First World War. Because Denmark was neutral in this war, as was the Netherlands, he travelled (by ship, overland was impossible) to Copenhagen, where he visited unannounced the then still relatively unknown Niels Bohr. Bohr took him on as a Ph ...
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Leiden University
Leiden University (abbreviated as ''LEI''; nl, Universiteit Leiden) is a Public university, public research university in Leiden, Netherlands. The university was founded as a Protestant university in 1575 by William the Silent, William, Prince of Orange, as a reward to the city of Leiden for its Siege of Leiden, defence against Spanish attacks during the Eighty Years' War. As the oldest institution of higher education in the Netherlands, it enjoys a reputation across Europe and the world. Known for its historic foundations and emphasis on the social sciences, the university came into particular prominence during the Dutch Golden Age, when scholars from around Europe were attracted to the Dutch Republic due to its climate of intellectual tolerance and Leiden's international reputation. During this time, Leiden became the home to individuals such as René Descartes, Rembrandt, Christiaan Huygens, Hugo Grotius, Baruch Spinoza and Baron d'Holbach. The university has seven academic f ...
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Statistics
Statistics (from German language, German: ''wikt:Statistik#German, Statistik'', "description of a State (polity), state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model to be studied. Populations can be diverse groups of people or objects such as "all people living in a country" or "every atom composing a crystal". Statistics deals with every aspect of data, including the planning of data collection in terms of the design of statistical survey, surveys and experimental design, experiments.Dodge, Y. (2006) ''The Oxford Dictionary of Statistical Terms'', Oxford University Press. When census data cannot be collected, statisticians collect data by developing specific experiment designs and survey sample (statistics), samples. Representative sampling as ...
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Econometrics
Econometrics is the application of Statistics, statistical methods to economic data in order to give Empirical evidence, empirical content to economic relationships.M. Hashem Pesaran (1987). "Econometrics," ''The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 [pp. 8–22]. Reprinted in J. Eatwell ''et al.'', eds. (1990). ''Econometrics: The New Palgrave''p. 1[pp. 1–34].Abstract (The New Palgrave Dictionary of Economics, 2008 revision by J. Geweke, J. Horowitz, and H. P. Pesaran). More precisely, it is "the quantitative analysis of actual economic Phenomenon, phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference". An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships". Jan Tinbergen is one of the two founding fathers of econometrics. The other, Ragnar Frisch, also coined the term in the sense in which it is used toda ...
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Mathematical Economics
Mathematical economics is the application of mathematical methods to represent theories and analyze problems in economics. Often, these applied methods are beyond simple geometry, and may include differential and integral calculus, difference and differential equations, matrix algebra, mathematical programming, or other computational methods. Proponents of this approach claim that it allows the formulation of theoretical relationships with rigor, generality, and simplicity. Mathematics allows economists to form meaningful, testable propositions about wide-ranging and complex subjects which could less easily be expressed informally. Further, the language of mathematics allows economists to make specific, positive claims about controversial or contentious subjects that would be impossible without mathematics. Much of economic theory is currently presented in terms of mathematical economic models, a set of stylized and simplified mathematical relationships asserted to clarify ass ...
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