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Tjalling Koopmans

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Tjalling Koopmans

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Also known as Tjalling Charles Koopmans, T. C. Koopmans

Dutch American economist (1910–1985)

Person · Open Library

Works
3

Top works

  • Studies in econometric method
  • Statistical inference in dynamic economic models
  • Linear regression analysis of economic time series

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Music · MusicBrainz

Type
Person
Country
NL
Active from
1924-02-21
Active to
2013-03-17

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Quotes

  • While it was long possible and sometimes tempting for physicists to deny the usefulness of the molecular hypothesis, we economists have the good luck of being some of the ‘molecules’ of economic life ourselves, and of having the possibility through human contacts to study the behavior of other ‘molecules’.
  • Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.
  • Optimizing responses of economic agents are simultaneously feasible only if the proper prices are already known to them. But these prices must somehow themselves be the result of the same responses.
  • The early thirties brought what liberal economists called the Great Depression and Marxist economists described as the great crisis of capitalism. It dawned on me that the economic world order was unreliable, unstable, and, most of all, iniquitous. I sought intellectual contacts and friendship with a group of socialist students and also with a small handful of communist-oriented students and unemployed workers.
  • [This work urges] a clearer separation, in the construction of economic knowledge, between reasoning and recognition of facts, for the better protection of both.
  • It is worth pointing out that in this particular study our authors have abandoned demand and supply functions as a tool for analysis, even as applied to individuals... [The problem] has been reformulated as one of proving that a number of maximizations of individual goals under interdependent restraints can be simultaneously carried out.

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Key facts

Born
( 1910-08-28 ) August 28, 1910, 's-Graveland , Netherlands
Died
February 26, 1985 (1985-02-26) (aged 74), New Haven, Connecticut , US
Alma mater
University of Utrecht , University of Leiden
Known for
Transport economics , Hitchcock–Koopmans transportation problem , Ramsey–Cass–Koopmans model , Koopmans' theorem
Awards
Nobel Memorial Prize in Economic Sciences (1975)
Fields
Economics , Physics
Institutions
University of Chicago
Doctoral advisor
Hans Kramers , Jan Tinbergen
Doctoral students
Carl Christ , Stanley Reiter , Rolf Mantel [ es ] , Guillermo Calvo

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Wikidata facts

Image
TjallingKoopmans1967.jpg
Show 7 more facts
date of birth
1910-08-28
date of death
1985-02-26
Erdős number
4
Commons category
Tjalling Koopmans
birth name
Tjalling Charles Koopmans
name
Challing Koopmans
name in native language
Tjalling Koopmans
Sources (5)

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Article

Tjalling Charles Koopmans (August 28, 1910 – February 26, 1985) was a Dutch-American mathematician and economist. He was the joint winner with Leonid Kantorovich of the 1975 Nobel Memorial Prize in Economic Sciences for his work on the theory of the optimum allocation of resources. Koopmans showed that on the basis of certain efficiency criteria, it is possible to make important deductions concerning optimum price systems.

Biography

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