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Hotelling, Harold

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Hotelling, Harold (1895–1973)

US economist. He was a pioneering economic and statistical theorist whose reputation was based on relatively few published articles, but they launched many ideas regarding the economics of location and the ‘new’ welfare economics. His paper ‘The Economics of Exhaustible Resources’ (Journal of Political Economy April 1931) was ‘rediscovered’ after the oil crisis of 1973.

He was born in Fulda, Minnesota. He taught at Stanford 1924–31 and Columbia University 1931–46 before establishing a department of mathematical statistics at the University of North Carolina in 1946.



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