Richard Normand Langlois (born January 20, 1952 in

Putnam, Connecticut Putnam is a town in Windham County, Connecticut, United States. The population was 9,224 at the 2020 census. History Putnam, originally known as Aspinock, then part of Killingly, is a New England mill town incorporated in 1855. Created from se ...

) is an American

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 ...

and currently professor at the

University of Connecticut The University of Connecticut (UConn) is a public land-grant research university in Storrs, Connecticut, a village in the town of Mansfield. The primary 4,400-acre (17.8 km2) campus is in Storrs, approximately a half hour's drive from Hart ...

. He studied

physics Physics is the natural science that studies matter, its fundamental constituents, its motion and behavior through space and time, and the related entities of energy and force. "Physical science is that department of knowledge which r ...

and English literature at

Williams College Williams College is a Private college, private liberal arts colleges in the United States, liberal arts college in Williamstown, Massachusetts. It was established as a men's college in 1793 with funds from the estate of Ephraim Williams, a col ...

, he received a Master's in

astronomy Astronomy () is a natural science that studies astronomical object, celestial objects and phenomena. It uses mathematics, physics, and chemistry in order to explain their origin and chronology of the Universe, evolution. Objects of interest ...

from

Yale University Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wo ...

, and he received his

PhD PHD or PhD may refer to: * Doctor of Philosophy (PhD), an academic qualification Entertainment * '' PhD: Phantasy Degree'', a Korean comic series * ''Piled Higher and Deeper'', a web comic * Ph.D. (band), a 1980s British group ** Ph.D. (Ph.D. albu ...

in ''Engineering-Economic Systems'' from

Stanford Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is considere ...

. Since May 2008, Langlois is also a contributor to the blo
Organizations and Markets
He is attributed with first presenting the

Vanishing Hand The Vanishing Hand theory is a concept first conceived of by economist Richard Normand Langlois. The term is an intentional play on both Adam Smith's invisible hand and Alfred Chandler's Visible Hand. Background In Smith's work, his invisible ha ...

theory.

Literature

* 1982, Subjective Probability and Subjective Economics. New York : NY, C.V. Starr Center for Applied Economics, NYU, FAS, Department of Economics, Working Paper * 1984, Kaleidic and Structural Interpretations of Genuine Uncertainty. New York : NY, C.V. Starr Center for Applied Economics, NYU, FAS, Department of Economics, Working Paper * 1986, ''Economics as a Process: Essays in the New Institutional Economics.'' New York:

Cambridge University Press Cambridge University Press is the university press of the University of Cambridge. Granted letters patent by Henry VIII of England, King Henry VIII in 1534, it is the oldest university press A university press is an academic publishing hou ...

, 1986. xi, 262 p. : ill. ; 24 cm. * 1988, “Economic change and the boundaries of the firm,” Journal of Institutional and Theoretical Economics, vol. 144, pp. 635–57 * 1994, “Risk and Uncertainty” in

Peter Boettke Peter Joseph Boettke (; born January 3, 1960) is an American economist of the Austrian School. He is currently a professor of economics and philosophy at George Mason University; the BB&T Professor for the Study of Capitalism, vice president for ...

(ed.), The Elgar Companion to Austrian Economics. Brookfield, Vermont : Edward Elgar Publishing, pp. 118–22. * 1995, ''Firms, markets, and economic change : a dynamic theory of business institutions'' / Richard N. Langlois and Paul L. Robertson. London ; New York : Routledge, 1995. xii, 185 p. : ill. ; 24 cm. (hbk.), (pbk.) * 1998, “Capabilities and the theory of the firm,” in N. J. Foss and B. J. Loasby (eds.), Economic Organisation, Capabilities and Co-ordination. London: Routledge. * 2007, ''The dynamics of industrial capitalism : Schumpeter, Chandler, and the new economy'' / Richard N. Langlois. Abingdon ngland; New York, NY : Routledge, 2007.

References

External links

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{{DEFAULTSORT:Langlois, Richard Normand 21st-century American economists University of Connecticut faculty Williams College alumni Living people 1952 births