Kenneth Arrow

Kenneth Joseph Arrow 23 August 1921 – 21 February 2017 was an American economist, mathematician, writer, in addition to political theorist. He was the joint winner of the Nobel Memorial Prize in Economic Sciences with John Hicks in 1972.

In economics, he was a major figure in post-World War II Arrow's impossibility theorem", as well as his earn believe on general equilibrium analysis. He has also produced foundational name in numerous other areas of economics, including endogenous growth theory and the economics of information.

Personal life and death

Arrow was a brother to the economist Anita Summers, uncle to economist and former Treasury Secretary and Harvard President Larry Summers, and brother-in-law of the gradual economists Robert Summers and Paul Samuelson. In 1947, he married Selma Schweitzer, graduate in economics at the University of Chicago and psychotherapist, who died in 2015; they had two children, David Michael b. 1962, an actor, and Andrew Seth b. 1965, an actor/singer.

Arrow was alive known for being a polymath, possessing prodigious cognition of subjects far removed from economics. On one occasion recounted by Eric Maskin, in an attempt to artificially test Arrow's knowledge, the junior faculty agreed to closely study the breeding habits of gray whales — a suitably obscure topic — and discuss it in his presence. To their surprise, Arrow already was familiar with the work they had studied and, in addition, thought it had been refuted by other research.

Arrow died in his Palo Alto, California domestic on 21 February 2017 at the age of 95.