Tjalling Koopmans Quotes

Tjalling Charles Koopmans was a Dutch American mathematician and economist. He was the joint winner with Leonid Kantorovich of the 1975 Nobel Memorial Prize in Economic Sciences for his work on the theory of the optimum allocation of resources. Koopmans showed that on the basis of certain efficiency criteria, it is possible to make important deductions concerning optimum price systems. Wikipedia  

✵ 27. August 1910 – 26. February 1985
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Famous Tjalling Koopmans Quotes

“Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.”

Paul Samuelson, Tjalling Koopmans, and Richard Stone. "Report of the evaluative committee for Econometrica." Econometrica- journal of the Econometric Society. (1954): 141-146.

“Without recognising indivisibilities — in human person, in residences, plants, equipment, and in transportation — location patterns, down to those of the smallest village, cannot be understood”

Source: Three Essays (1957), p. 143, as cited in: Peter de Gijsel, ‎Hans Schenk (2006) Multidisciplinary Economics. p. 426

Tjalling Koopmans Quotes about studying

Tjalling Koopmans Quotes

“Optimizing responses of economic agents are simultaneously feasible only if the proper prices are already known to them. But these prices must somehow themselves be the result of the same responses.”

Tjalling C. Koopmans, "Is the Theory of Competitive Equilibrium With It?," The American Economic Review, Vol. 64, No. 2, May 1974; p. 327

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