Background
Kenzie, Lionel Wilfred Mc was born on January 26, 1919 in Montezuma, Georgia, United States. Son of Lionel Wilfred and Lida (Rushin) McKenzie.
( Although general equilibrium theory originated in the l...)
Although general equilibrium theory originated in the late nineteenth century, modern elaboration and development of the theory began only in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the twentieth century, referred to by Lionel McKenzie as the classical general equilibrium theory. McKenzie offers detailed and rigorous treatment of the classical model, giving step-by-step proofs of the basic theorems. In many cases he elaborates on the individual steps to give a fuller understanding of the underlying principles. His goal is to provide readers with a true mastery of the methodology so that they can derive new results that will further enrich their thinking about general equilibrium theory. Special attention is given to the McKenzie model, in which it is not assumed that the number of firms is given but rather that technologies or activities are available to any agents who can supply the resources they require. The McKenzie model is used to establish the turnpike theorems of optimal and competitive capital accumulation.
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Kenzie, Lionel Wilfred Mc was born on January 26, 1919 in Montezuma, Georgia, United States. Son of Lionel Wilfred and Lida (Rushin) McKenzie.
AB, Duke University, 1939. Master of Arts, Princeton University, 1946. Doctor of Philosophy, Princeton University, 1956.
BLitt, Oxford University, England, 1949. Postgraduate, University Chicago, 1951. Doctor of Laws (honorary), University Chicago, 1991.
Doctor of Economics (honorary), Keio University, Japan, 1998. Doctor of Philosophy (honorary), Kyoto University, Japan, 2004.
Assistant economist, War Production Board, 1942;
instructor, Massachusetts Institute Technology, 1946;
from assistant professor to associate professor, Duke, 1948-1957;
professor economics, U. Rochester, 1957-1964;
John Munro professor economics, U. Rochester, 1964-1967;
Wilson professor economics, U. Rochester, 1967-1989;
Wilson professor emeritus, U. Rochester, since 1989;
department chairman, U. Rochester, 1957-1966. Taussig research professor Harvard University, 1980-1981. Member mathematics division National Research Council, 1960-1963, member behavioral science division, 1964-1970.
Member mathematics, social science board Center Advanced Study in Behavioral Sciences, Palo Alto, California, 1964-1970, chairman, 1969-1970.
( Although general equilibrium theory originated in the l...)
Author: Classical General Equilibrium Theory, 2002, Equilibrium Trade & Growth, 2009. Associate editor International Economics Review, 1964-1996, Journal Economic Theory, 1970-1973, Journal International Economics, 1970-1984, Economic Theory, 1991-1995. Contributor articles to professional journals.
Lieutenant (senior grade) United States Naval Reserve, 1943-1945. Fellow Econometric Society (council 1973-1978, president 1977), American Academy Arts and Sciences, American Economic Association. Member National Academy of Sciences, Royal Economic Society, American Mathematics Society, American Economic Association (Distinguished Fellow 1993), Phi Beta Kappa (chapter vice president 1968-1970, chapter president 1972-1973).
Married Blanche Veron, January 2, 1943 (deceased July 1999). Children: Lionel Wilfred (deceased), Gwendolyn Veron (deceased), David Rushin.