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
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