Background
Reuben A. Kessel was born on April 2, 1923 in Chicago, Illinois, United States. He was a son of A.J. and Blossom (Naiman) Kessel.
Reuben A. Kessel was born on April 2, 1923 in Chicago, Illinois, United States. He was a son of A.J. and Blossom (Naiman) Kessel.
Reuben A. Kessel received a Master of Business Administration degree in 1948 and a Doctor of Philosophy degree in 1954 from the School of Business, University of Chicago.
Reuben A. Kessel wrote brilliant articles on health economics, particularly the role of the AMA in the professionalization of American medicine, the functioning of capital markets, with particular reference to the term structure of the interest rate, industrial economics, and the traditional theory of inflation (jointly with A. A. Alchian). From 1948 to 1949 he served as an instructor of economics at the University Missouri. Since 1962 he has been a professor of economics at the University of Chicago's Graduate School of Business.
Reuben A. Kessel was a member of the American Economics Association.
On September 16, 1952 Reuben A. Kessel married Shirley Kerner.