The Gustavus F. and Ann M. Swift Distinguished Service Professor Emeritus in Economics (at Chicago since 1953).

Ph.D., University of Chicago, 1950.

Recent Research

The inflation syndrome; distributional weights, basic needs and other systematic ways of incorporating non-economic considerations into economic analysis, taxation and international capital flows; international comparisons of rates of return to capital.

Fellow, Econometric Society, 1967; Member, American Academy of Arts and Sciences, 1972; Member, National Academy of Sciences, 1992; President, American Economic Association, 1997-8; Bradley Prize for Outstanding Achievement, 2009.

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