Sudhakar Rao Aiyagari (November 9, 1951 – May 20, 1997) was an

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

n-born economics professor at the

University of Rochester The University of Rochester (U of R, UR, or U of Rochester) is a private research university in Rochester, New York. The university grants undergraduate and graduate degrees, including doctoral and professional degrees. The University of Roc ...

. He had previous been a leading research economist at the Minneapolis Fed, prior to which he had taught, in the 1980s, at

New York University New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then-Secretary of the Treasury Albert Gallatin. In 1832, the ...

University of Wisconsin, Madison A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, t ...

, and

Carnegie-Mellon University Carnegie Mellon University (CMU) is a private research university in Pittsburgh, Pennsylvania. One of its predecessors was established in 1900 by Andrew Carnegie as the Carnegie Technical Schools; it became the Carnegie Institute of Technology ...

in Pittsburgh. Aiyagari made significant contributions to the economics literature, primarily in the areas of

macroeconomics Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

monetary theory Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions (such as medium of exchange, store of value and unit of account), and it ...

and intertemporal general equilibrium theory. He died of a

heart attack A myocardial infarction (MI), commonly known as a heart attack, occurs when blood flow decreases or stops to the coronary artery of the heart, causing damage to the heart muscle. The most common symptom is chest pain or discomfort which may tr ...

while playing

tennis Tennis is a racket sport that is played either individually against a single opponent ( singles) or between two teams of two players each ( doubles). Each player uses a tennis racket that is strung with cord to strike a hollow rubber ball ...

aged 45. Aiyagari held a doctorate in economics (received 1981) from the University of Minnesota and master's degrees in economics and physics from

Jawaharlal Nehru University Jawaharlal Nehru University (JNU) is a public major research university located in New Delhi, India. It was established in 1969 and named after Jawaharlal Nehru, India's first Prime Minister. The university is known for leading faculties and r ...

in New Delhi and the

Indian Institute of Technology, Delhi The Indian Institute of Technology, Delhi is a public institute of technology located in New Delhi, India. It is one of the 23 IITs created to be Centres of Excellence for training, research and development in science, engineering and technolo ...

, India.

Select Publications

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References

External links

The Contributions of S. Rao Aiyagari to Dynamic MacroeconomicsS. Rao Aiyagari: My Student and My TeacherObituary Minneapolis Fed
1951 births 1997 deaths University of Minnesota College of Liberal Arts alumni University of Rochester faculty 20th-century American economists Jawaharlal Nehru University alumni IIT Delhi alumni Indian emigrants to the United States 20th-century Indian economists {{US-economist-stub