John Somerset Chipman (June 28, 1926 – 2022) was a Canadian-born American economist who was a noted expert on the econometrics of international trade. He was Regents' Professor of Economics at the University of Minnesota, where he later held

emeritus ''Emeritus'' (; female: ''emerita'') is an adjective used to designate a retired chair, professor, pastor, bishop, pope, director, president, prime minister, rabbi, emperor, or other person who has been "permitted to retain as an honorary title ...

status. He was elected to the American Academy of Arts and Sciences in 1979 and to the

National Academy of Sciences The National Academy of Sciences (NAS) is a United States nonprofit, non-governmental organization. NAS is part of the National Academies of Sciences, Engineering, and Medicine, along with the National Academy of Engineering (NAE) and the Nati ...

in 1993.

Early life and education

John Somerset Chipman was born on June 28, 1926 in Montreal, Canada. He received his B.A. degree from McGill University in 1947 and an M.A. in Economics and Political Science from the same university in 1948. Chipman earned his Ph.D. from Johns Hopkins University in 1951 with a dissertation entitled, "The Theory of Intersectional Money Flows and Income Formation."

Career

Chipman served as Assistant Professor of Economics at Harvard University from 1951 to 1955 before moving to the University of Minnesota in 1955, where he taught until his retirement in 2007. Among his Ph.D. students was

Masahiko Aoki Masahiko Aoki (April 1, 1938 – July 15, 2015) was a Japanese economist, Tomoye and Henri Takahashi Professor Emeritus of Japanese Studies in the Economics Department, and Senior Fellow of the Stanford Institute for Economic Policy Research and ...

. In 1981, he was named Regents' Professor of Economics.

Research

Chipman's research focused on international trade, econometrics, and welfare economics. He was also an expert on the

history of economic thought History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the History of writing#Inventions of writing, invention of writing systems is considered prehistory. "History" is an umbr ...

, and was involved in translating classic economic texts into English, including Italian economist Vilfredo Pareto's 1906 work ''Manual of Political Economy'', which established the economic principle of " Pareto optimality."

Death

Chipman died in 2022, and he was survived by his wife, Margaret. His death was announced on February 14, 2023.

References

{{DEFAULTSORT:Chipman, John 1926 births 2022 deaths 20th-century American economists 21st-century American economists Fellows of the American Academy of Arts and Sciences Fellows of the Econometric Society Trade economists United States Council of Economic Advisers Economic historians Johns Hopkins University alumni McGill University alumni People from Montreal