Background
Fisher, Franklin Marvin was born on December 13, 1934 in New York City. Son of Mitchell Salem and Esther (Oshiver) Fisher.
(Economic Theory of Price Indices (Economic theory and mat...)
Economic Theory of Price Indices (Economic theory and mathematical economics) [Franklin M. Fisher, Karl Shell] on Amazon.com. *FREE* shipping on qualifying offers.
http://www.amazon.com/gp/product/0122577507/?tag=2022091-20
(The Economic Theory of Price Indices: Two Essays on the E...)
The Economic Theory of Price Indices: Two Essays on the Effects of Taste, Quality, and Technological Change [Franklin M. Fisher and Karl Shell] on Amazon.com. *FREE* shipping on qualifying offers.
http://www.amazon.com/gp/product/B007BP1P5G/?tag=2022091-20
(The most common mode of analysis in economic theory is to...)
The most common mode of analysis in economic theory is to assume equilibrium. Yet, without a proper theory of how economies behave in disequilibrium, there is no foundation for such a practice. The first step in such a foundation is a theory of stability, and this book is primarily concerned with that subject. The author first reviews the older literature on the stability of general equilibrium and goes on to consider a more satisfactory general model in which agents realize that they are in disequilibrium and act on arbitrage opportunities. Topics explored along the way include optimal arbitrage behavior, the relation of perceived monopoly power to quantity constraints, and the role of money.
http://www.amazon.com/gp/product/0521378567/?tag=2022091-20
(The most common mode of analysis in economic theory is to...)
The most common mode of analysis in economic theory is to assume equilibrium. Yet, without a proper theory of how economies behave in disequilibrium, there is no foundation for such a practice. The first step in such a foundation is a theory of stability, and this book is primarily concerned with that subject. The author first reviews the older literature on the stability of general equilibrium and goes on to consider a more satisfactory general model in which agents realize that they are in disequilibrium and act on arbitrage opportunities. Topics explored along the way include optimal arbitrage behavior, the relation of perceived monopoly power to quantity constraints, and the role of money.
http://www.amazon.com/gp/product/B010WFJ2K6/?tag=2022091-20
([(Disequilibrium Foundations of Equilibrium Economics )] ...)
[(Disequilibrium Foundations of Equilibrium Economics )] [Author: Franklin M. Fisher] [Feb-2012] on Amazon.com. *FREE* shipping on qualifying offers.
http://www.amazon.com/gp/product/B010BDFA1E/?tag=2022091-20
Fisher, Franklin Marvin was born on December 13, 1934 in New York City. Son of Mitchell Salem and Esther (Oshiver) Fisher.
AB summa cum laude, Harvard University, 1956. Master of Arts, Harvard University, 1957. Doctor of Philosophy, Harvard University, 1960.
Doctor of Philosophy (honorary), Hebrew University, Jerusalem, 2001.
Teaching Fellow, Harvard University, 1956-1957. Assistant Professor of Economics, University Chicago, 1959-1960, Massachusetts Institute of Technology, Cambridge, Mass., USA, 1962-1965. Ford Foundation Faculty Research Fellow, London School of Economies and Political Science, London, United Kingdom, Hebrew University, Jerusalem, 1966-1967.
National Science Foundation, USA Postdoctoral Fellow, Econometric Institute, Institution, Netherlands School Economics, 1968. Visiting Professor of Economics, Hebrew University, 1967, 1973, Tel-Aviv University, 1973, 1977, Harvard University, 1981-1982. Erskine Fellow, University Canterbury, New Zealand, 1983.
Professor of Economics, Massachusetts Institute of Technology, Cambridge, Mass., USA, Cambridge, Massachusetts, United States of America, since 1968. Association Editor Journal of the American Statistical Association,
1965-1968, American Editor, Review of Economic Studies, 1965-1968. Editor, Econometrica, 1968-1977.
(The Economic Theory of Price Indices: Two Essays on the E...)
(A Priori Information and Time Series Analysis: Essays in ...)
(An econometric model of the world copper industry (Resear...)
(Economic Theory of Price Indices (Economic theory and mat...)
(The most common mode of analysis in economic theory is to...)
(The most common mode of analysis in economic theory is to...)
([(Disequilibrium Foundations of Equilibrium Economics )] ...)
I have been fortunate in several times coming on a rich deposit of scholarly ore. The first such deposit was in econometric theory, particularly the theory of identification and of simultaneous equations. My interests here grew out of my early applied econometric work on particular industries and took on a life of its own.
About 1970, however, I encountered diminishing returns. Future advances would largely come from those well trained and interested in mathematical statistics rather than from those like me who approached the subject
largely from the direction of linear algebra and application-gained insight. Fortunately, there were other deposits.
I had already been mining one which combined theory and practice — the production-theoretic basis for the existence of aggregate production functions and — somewhat related — the economic theory of price indices.
Now I moved more squarely into theory and began to examine what I consider to be the central unsolved problem of economic theory, the question of how prices change in disequilibrium. After some early work on search theory, my focus became the disequilibrium foundations of equilibrium economics and I have continued in that area. All through the 1960s, however, I had continued applied work in particular industries, and — also in 1970 — I made a decision of unrealised importance.
I agreed to assist the defence attorneys in the IBM antitrust litigation. That decision reawakened my interest in industrial organisation, and led to a considerable effort in that area which did not terminate when the case was dismissed in 1981 and my books were published. These two areas are not unconnected.
In application as well as theory, the examination of economic phenomena with the hidden or explicit assumption that long-run equilibria are all that matter is a dangerous practice.
Trustee Combined Jewish Philanthropies, Boston, since 1975, board managers, 1979-1992. Trustee Beth Israel Hospital, Boston, 1979-1997. Chairman faculty advisory cabinet United Jewish Appeal, 1975-1977.
Board governors Tel Aviv University, 1976-1992, Academy College Tel Aviv-Yafo, since 2000. Board directors New Israel Fund, since 1983, treasurer, 1984-1996, president 1996-1999. President Boston Friends of Peace Now, 1984-1985, Northeast region American Jewish Congress, 1993-1995.
Chairman steering committee North America Friends of Peace Now, 1986-1988, board directors, treasurer, 1988-1991. Fellow Econometric Society (council 1972-1976, vice president 1977-1978, president 1979), American Academy Arts and Sciences. Member American Economic Association (John Bates Clark medal 1973).
Married Ellen Jo Paradise, June 22, 1958. Children: Abraham Samuel, Abigail Sarah, Naomi Leah.