Victor Danielsen Norman (born 18 July 1946 in Risør) is a Norwegian economist, politician for the

Conservative Party The Conservative Party is a name used by many political parties around the world. These political parties are generally right-wing though their exact ideologies can range from center-right to far-right. Political parties called The Conservative P ...

and newspaper

columnist A columnist is a person who writes for publication in a series, creating an article that usually offers commentary and opinions. Column (newspaper), Columns appear in newspapers, magazines and other publications, including blogs. They take the fo ...

. He is a retired professor of economics at the Norwegian School of Economics (NHH) and former

Chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

of the Institute for Research in Economics and Business Administration.

Academics

Victor Norman earned his bachelor's degree from Yale University and his PhD from Massachusetts Institute of Technology in 1972. Among his academic advisers were

Charles P. Kindleberger Charles Poor Kindleberger (October 12, 1910 – July 7, 2003) was an American economic historian and author of over 30 books. His 1978 book ''Manias, Panics, and Crashes'', about speculative stock market bubbles, was reprinted in 2000 after the ...

Paul A. Samuelson Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he "h ...

and

Jagdish N. Bhagwati Jagdish Natwarlal Bhagwati (born July 26, 1934) is an Indian-born naturalized American economist and one of the most influential trade theorists of his generation. He is a University Professor of economics and law at Columbia University and a Seni ...

. His book co-authored with

Avinash K. Dixit Avinash Kamalakar Dixit (born 6 August 1944) is an Indian-American economist. He is the John J. F. Sherrerd '52 University Professor of Economics Emeritus at Princeton University, and has been Distinguished Adjunct Professor of Economics at Lin ...

, Theory of International Trade: A Dual, General Equilibrium Approach, , is an application of the

microeconomic Microeconomics is a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics fo ...

principle of duality to

trade theory International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant ...

, which

William J. Baumol William Jack Baumol (February 26, 1922 – May 4, 2017) was an American economist. He was a professor of economics at New York University, Academic Director of the Berkley Center for Entrepreneurship and Innovation, and Professor Emeritus at Prin ...

has called a clear, detailed, important contribution to the academic understanding of international trade. He was appointed professor of economics at NHH in 1975. Victor Norman served as

rector Rector (Latin for the member of a vessel's crew who steers) may refer to: Style or title *Rector (ecclesiastical), a cleric who functions as an administrative leader in some Christian denominations *Rector (academia), a senior official in an edu ...

at NHH from August 1999 till October 2001. He was preceded in this position by Carl Julius Norstrøm and succeeded by Per Ivar Gjærum. He is a member of the Norwegian Academy of Science and Letters.

Politics

From 19 October 2001 to 8 March 2004 he served as Minister of Labour and Government Administration in the second cabinet Bondevik. Among the issues he passed in his term was the removal of point accrual on

frequent flyer program A frequent-flyer program (American English) or frequent-flyer programme (British English) is a loyalty program offered by an airline. Many airlines have frequent-flyer programs designed to encourage airline customers enrolled in the program ...

s for domestic flights and the relocation of several government agencies from Oslo to other cities and towns across Norway.

References

{{DEFAULTSORT:Norman, Victor 1946 births Living people Microeconomists Norwegian economists Norwegian columnists Government ministers of Norway Conservative Party (Norway) politicians Academic staff of the Norwegian School of Economics Rectors of the Norwegian School of Economics Members of the Norwegian Academy of Science and Letters Massachusetts Institute of Technology alumni Yale University alumni People from Risør