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Early in my professional life, I found that many areas of economics attracted me. I started working and publishing in price theory by 1938. In 1946, I published an early work on linear programming (The Cost of Subsistence) which solved the problem only approximately; George Dantzig soon presented the exact solution. In the 1940s, I began empirical work on price theory, starting with a test of the kinked oligopoly demand curve theory of rigid prices.
George Stigler
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Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
George Dantzig
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Born:
November 8, 1914
Died:
May 13, 2005
(aged 90)
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