| 1 | Name: | Dr. Kenneth J. Arrow | |
| Institution: | Stanford University | ||
| Year Elected: | 1968 | ||
| Class: | 3. Social Sciences | ||
| Subdivision: | 302. Economics | ||
| Residency: | Resident | ||
| Living? : | Deceased | ||
| Birth Date: | 1921 | ||
| Death Date: | February 21, 2017 | ||
Kenneth Arrow was born in 1921 and brought up in New York City and its surroundings. He graduated from City College of New York in 1940 and went for graduate study in mathematics and economics at Columbia University, receiving an M.A. in mathematics in 1941 and a Ph.D. in economics in 1951. He served as a weather officer in the United States Army Air Forces (1942-46), retiring with the rank of captain. Dr. Arrow's academic career started as Research Associate at the Cowles Commission for Research in Economics (1947-49) and continued as Assistant Professor of Economics at the University of Chicago (1948-49). In 1949 he moved to Stanford University, serving as Assistant, Associate and full Professor of Economics, Statistics, and Operations Research through 1968 when he joined the Harvard University faculty as Professor of Economics and then James Bryant Conant University Professor (1968-79). In 1979 Dr. Arrow returned to Stanford as Professor of Economics and Operations Research at Stanford University (1979-91) and, subsequently, Emeritus Professor (1991- ). He had written, alone or with collaborators, 22 books, 254 technical papers, and 31 non-technical articles, edited or co-edited 22 books, and participated in 11 collective studies on policy issues. His particular interests included the theory of social choice and justice, general equilibrium theory, medical economics, the economics of individual choice, risk-bearing, the economics of information, inventory analysis, capital and growth theory, economics of social interaction, environmental economics, sequential statistical analysis, and the use of winds in flight planning. Dr. Arrow received several honors, including the John Bates Clark Medal of the American Economic Association (1957), the Nobel Memorial Prize in Economic Science (1972), the von Neumann Prize (1986), the 2nd Class Order of the Rising Sun (1984), the National Medal of Science (2004), and a number of honorary degrees. He had also been president of several learned societies and served as member and Chair of the Stanford University Senate and the Stanford Faculty Advisory Board. Kenneth Arrow died February 21, 2017, at age 95 at home in Palo Alto, California. | |||