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Eugen Slutsky

also known as Eugen Slutsky

economist , statistician , political economist

Evgeny "Eugen" Evgenievich Slutsky was a Russian/Soviet mathematical statistician, economist and political economist.

Background

SLUTSKY, Eugen was born in 1880 in Yaroslavl, Russia.

Education

Eugen awarded gold medal by the gymnasium

Eugen was expelled from University of Kiev in 1901 for his political activity. He took part in student unrest in the university.

He was forbidded to study in any Russian University. So he went to Munich. In Munich he seriosly started to study Ricardo, Marx, Lenin and he already had outlined a plan of work for the applicationof mathematics to economics. In 1905 he managed to enroll Kiev University due to Russian Revolution. He graduated from Kiev University with Gold Medal in 1911.

Career

It was the work of the Lausanne School in economics that attracted him and yielded up his first economics paper in 1915. In his 1915 paper, he presented the Slutsky decomposition of demand functions into substitution and income effects (i.e., the Slutsky Equation). His other prominent contribution to economics came in 1927, when he showed that a series of shocks can be summed up to yield regular cyclical properties. This paper alongside Frisch's work began the shock-dependent business cycle that precedes the New Classical theory of today. The famous Slutsky-Yule theorem was also laid out in that paper. Most of his other work concentrated in statistics and probability theory. In 1925 he introduced the famous Slutsky Theorem.

Achievements

  • He presented the Slutsky decomposition of demand functions into substitution and income effects

  • In 1925 he introduced the famous Slutsky Theorem.

  • In 1927 he showed that a series of shocks can be summed up to yield regular cyclical properties

  • In 1927 also introduced the famous Slutsky-Yule theorem

Works

  • article

    • Sur un criterium de la convergence stochastique des ensembles de valeurs eventuelles, Comptes Rendu des seances de l'Academie des Sciences

    • Quelques Propositions sur les Limities Stochastiques Eventuelles, Compte Rendu des seances de l'Academie des Sciences

  • article in "Giornale degli Economisti"(1915)

    • Sulla teoria del bilancio del consumatore

  • publication

Politics

In his youth, he had taken part in student protests against Czarist policies; expelled twice from the University of Kiev and barred from attending university anywhere within the Russian Empire, he was forced to leave the country to continue his education.

Politically he was not a member of any particular party and his character was reserved and secretive