Kenneth Arrow
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Kenneth Arrow
Affiliate - Stanford Woods Institute for the Environment; Joan Kenney Professor of Economics and Professor of Operations Research, Emeritus
Type:
Affiliate
School:
Humanities and Sciences
Additional Information:
Stanford Institute for Economic Policy Research, Freeman Spogli Institute for International Studies
Research Area(s):
Climate, Other
Biography
Kenneth Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, emeritus; a CHP/PCOR fellow; and an FSI senior fellow by courtesy. He is a Nobel Prize-winning economist whose work has been primarily in economic theory and operations, focusing on areas including social choice theory, risk bearing, medical economics, general equilibrium analysis, inventory theory, and the economics of information and innovation. He was one of the first economists to note the existence of a learning curve, and he also showed that under certain conditions an economy reaches a general equilibrium. In 1972, together with Sir John Hicks, he won the Nobel Prize in economics, for his pioneering contributions to general equilibrium theory and welfare theory.
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