Background
SCARF, Herbert was born on July 25, 1930 in Philadelphia, Pennsylvania, United States. Son of Louis H. Scarf and Lena Elkman.
(This book presents a collection of articles on applied ge...)
This book presents a collection of articles on applied general equilibrium analysis by major contributors to this field. This rapidly expanding method of analysis involves the use of computers to study entire economies and the interrelationships among firms, households and governments in these economies. There are also articles on the particular computational techniques involved in the numerical estimation of these equilibrium models and on several particular applications. Papers deal with the United States, Mexican and Australian economies. Other chapters provide an analysis of long-run energy problems, fiscal federalism and economic planning.
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SCARF, Herbert was born on July 25, 1930 in Philadelphia, Pennsylvania, United States. Son of Louis H. Scarf and Lena Elkman.
AB, Temple University, 1951. Master of Arts, Princeton University, 1952. Doctor of Philosophy, Princeton University, 1954.
Doctor of Humane Letters (honorary), University Chicago, 1978.
Assistant and Association Professor, Department, of Statistics, Stanford University, California 1957-1963. Fellow, Center for Advanced Study in the Behavioral Sciences, Stanford, California 1962-1963. Professor, of Economics, Yale University 70, Stanley Resor Professor, of Economics 1970-1978, Sterling Professor, of Economics since 1979.
Director Cowles Foundation for Research in Economics 1967-1971, 1981-1984, Director Division of Social Sciences 1971-1972, 1973-1974. Visiting Professor, Stanford University, California 1977-1978, Mathematical Sciences Research Institute Spring 1986. Ford Foundation Senior Faculty Fellowship 1969-1970.
Fellow Econometric Society, President 1983. Fellow American Academy, of Arts and Sciences.
(This book presents a collection of articles on applied ge...)
(Book by Kenneth J. Arrow, Samuel Karlin, Herbert Scarf)
Author: Studies in the Mathematical Theory of Inventory and Production, 1958, Computation of Economic Equilibria, 1973. Editor: Applied General Equilibrium Analysis, 1984.
After receiving a Doctor of Philosophy in mathematics from Princeton, I left academic life to work for the Rand Corporation for several years. I became interested in the mathematical theory of inventory management and several years later produced a proof of the optimality of (S,s) policies for the dynamic inventory problem under fairly general conditions. While teaching in the department of statistics at Stanford I learned about recent work on the stability of the competitive equilibrium, and constructed several examples of models of exchange for which the Walrasian adjustment mechanism was globally unstable.
It was this work which led to my subsequent interest in developing algorithms for the computation of economic equilibria. In 1963 I published a paper with Gerard Debreu demonstrating that the core of an economy converged to the set of competitive equilibria as the number of agents tended to infinity in a particular way. My recent work has concentrated on the study of indivisibilities in production, in particular the replacement of price-guided tests for optimaiity in non-convex programs by searches in quantity space.
Fellow: Institute for Operations Research and the Management Sciences, Econometric Society (president 1983). Member: National Academy of Sciences, American Philosophical Society, American Academy Arts and Sciences.
Music, reading, hiking.
Married Margaret Klein, June 28, 1953. Children: Martha Anne Samuelson, Elizabeth Joan Stone, Susan Margaret Merrell.