Sunday, October 10, 2010

Periodic Leg Movements

2010 Death of Maurice Allais

The day before the announcement of the Nobel Prize in Economics 2010, Maurice Allais - French Nobel Prize-winning single in the discipline - is died .

His work in decision theory (the famous Allais paradox) or in macroeconomics have particularly distinguished in particular those dealing with efficient markets that will yield the Nobel Prize in 1988. It will remain the forerunner of many theories become famous. He also provides a basis for the rule of growth popularized Phelps later and brought, among others, a basis for academic work related to intertemporal processes (generalized by Samuelson thereafter). His reformulation of the quantity theory of money demonstrates once again that Maurice Allais is a key figure in development economics in the 20th century and an architect of its mathematical formalization.

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