American Philosophical Society
Member History

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302. Economics[X]
1Name:  Dr. Burton G. Malkiel
 Institution:  Princeton University
 Year Elected:  2001
 Class:  3. Social Sciences
 Subdivision:  302. Economics
 Residency:  Resident
 Living? :   Living
 Birth Date:  1932
Burton Malkiel is one of the world's leading academic analysts of the financing of private firms and public enterprise. His research has provided new insights, new analytic methods and important applications for theory and practice. He is sought after in academia, government and private business. In addition, he has wide ranging interests in the arts, in genealogy and in a variety of other fields. Dr. Malkiel earned his M.B.A. from the Harvard Graduate School of Business Administration in 1955 and his Ph.D. from Princeton University in 1964. He taught at Princeton from 1964-81, chairing the economics department from 1974-75 and 1977-81, before moving to Yale University to become dean of the Yale School of Organization and Management and William S. Beinecke Professor of Management Studies. In 1988 Dr. Malkiel returned to Princeton as Chemical Bank Chairman's Professor of Economics.
2Name:  Dr. Hugo Freund Sonnenschein
 Institution:  University of Chicago
 Year Elected:  2001
 Class:  3. Social Sciences
 Subdivision:  302. Economics
 Residency:  Resident
 Living? :   Deceased
 Birth Date:  1940
 Death Date:  July 15, 2021
Hugo Sonnenschein was the Adam Smith Distinguished Service Professor and President Emeritus of the University of Chicago. He served as president of the university from 1993-2000. Previously he was provost of Princeton University (1991-93) and dean of the School of Arts and Sciences at the University of Pennsylvania (1988-91). Professor Sonnenschein's research has focused on theories of consumer and firm behavior, general economic equilibrium, game theory and social choice. In the early 1970s he published work that largely determined the general structure of aggregate demand functions. He teaches undergraduate and graduate courses in game theory and price theory. Dr. Sonnenschein is a member of the National Academy of Sciences (elected 1990), a fellow of the American Academy of Arts & Sciences (elected 1984) and a member of the American Philosophical Society (elected 2001). He served as President of the Econometric Society in 1988 and was the editor of its journal, Econometrica, from 1977 to 1984. He is former chairman of the Board of Governors of Argonne National Laboratory, an honorary member of the Board of Trustees of the University of Chicago, and a member of the Executive Committee of the Board of Trustees at the University of Rochester. His other current board responsibilities include the Board of Directors of the Mathematical Sciences Research Institute (Berkeley), the Board of Directors of the Institute for the International Education of Students, the Board of Directors of Van Kampen Mutual Funds, and Chairman of the Advisory Board of the Barcelona Graduate School. Dr. Sonnenschein received his Bachelor's Degree in mathematics from the University of Rochester in 1961 and his Ph.D. in economics from Purdue University in 1964. He is the recipient of honorary doctoral degrees from numerous universities, including Tel Aviv University and the Universitat Autonoma de Barcelona. In addition to Princeton University and the University of Pennsylvania, Dr. Sonnenschein has served as Professor of Economics at the University of Minnesota, Northwestern University, and the University of Massachusetts. He has been Visiting Professor at Stanford University, University of Paris XII, the Hebrew University of Jerusalem, and Tel Aviv University. He is married to Elizabeth Gunn Sonnenschein, an epidemiologist. They have three daughters and five grandchildren. Hugo Sonnenschein died on July 15, 2021 in Chicago, IL.
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