Kelvin Lancaster
Kelvin John Lancaster (born December 10, 1924 in Sydney , † July 23, 1999 in New York City ) was an American economist .
Life
Kelvin Lancaster grew up in Sydney, Australia and remained connected to this country even after he moved to the United States . In 1943 he volunteered for the Royal Australian Air Force . After the end of the war he continued his various studies. At the University of Sydney he studied geology and mathematics, but also English literature . In addition to a degree in mathematics, he earned a master's degree in English literature.
He then worked for Research Services of Australia to develop economic indices for a government project. He dealt with economic theory and reached the final economics exam in 1953 at the University of London as an external candidate, First . He received a position at the London School of Economics . There he dealt with resource allocation , the theory of consumer behavior and market structures . In 1958 he received his doctorate (Ph.D. in economics) from the University of London.
In 1961 he went to the USA at Johns Hopkins University . In 1963 he married the lawyer Deborah Grunfeld, the widow of Yehuda Grunfeld, in his second marriage . From 1966 he taught at Columbia University . He carried out basic research on the theory of imperfect competition . He also developed a new consumption theory in which he postulated that economic subjects derive benefit not from the consumption of goods as such, but from the properties of these goods.
Lancaster was elected a Fellow of the American Academy of Arts and Sciences and the American Economic Association .
Publications
- (together with Richard Lipsey): The General Theory of Second Best. In: The Review of Economic Studies. Vol. 24 No. 1, 1956/1957, ISSN 0034-6527 , pp. 11-32.
- Consumer Demand: A New Approach . Columbia University Press, New York 1971, ISBN 0-231-03357-5 .
- Variety, Equity, and Efficiency. Product Variety in an Industrial Society (= Columbia Studies in Economics . Volume 10 ). Columbia University Press, 1979, ISSN 0069-6331 .
Web links
- Kelvin Lancaster
- Literature by and about Kelvin Lancaster in the catalog of the German National Library
| personal data | |
|---|---|
| SURNAME | Lancaster, Kelvin |
| ALTERNATIVE NAMES | Lancaster, Kelvin John (full name) |
| BRIEF DESCRIPTION | American economist |
| DATE OF BIRTH | December 10, 1924 |
| PLACE OF BIRTH | Sydney |
| DATE OF DEATH | July 23, 1999 |
| Place of death | New York City |