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18 October 1973 THE PRIZE IN ECONOMIC SCIENCES IN MEMORY OF ALFRED NOBEL TO THE FATHER OF INPUT-OUTPUT ANALYSIS has awarded the 1973 year’s Prize in Economic Science in Memory of Alfred Nobel to Professor Wassily Leontief for the development of the input-output method and for its application to important economic problems. Professor Leontief is…

Presentation Speech by Professor Assar Lindbeck of the Translation from the Swedish text Your Majesty, Your Royal Highnesses, Ladies and Gentlemen, One of the most characteristic features of an economic system is the mutual interrelations between the various parts of the system – what is usually called the interdependence within the economic system. Such an…

Born: May 8, 1899, Vienna, Austria (son of Dr. August von Hayek, Professor of Botany at the University of Vienna and Felicitas née Juraschek) Education 1918-1921 Studies at University of Vienna 1921 Dr. jur., University of Vienna 1923 Dr. rer. pol, University of Vienna March 1923 -June 1924 Postgraduate work, New York University   Academic…

25 October 1972 has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 1972 , to John R Hicks, Oxford University, U K and Kenneth Arrow, Harvard University, USA for their pioneering contributions to general economic equilibrium theory and welfare theory. The progress of the economic sciences has…

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I was born August 5, 1906, and spent my childhood and youth in St. Petersburg (now Leningrad) where my father was a professor of economics. Among my early indelible memories are: the country plunged into deep mourning the day of Leo Tolstoy’s death; stray bullets whistling by during the first days of the February Revolution;…