Marschak, Jacob (1898–1977)
The diversity of Jacob Marschak’s education and early experience made it likely that he would approach the study of economic behaviour with more than the average breadth of interest and vision. He was born in Kiev on 23 July 1898, and studied mechanical engineering at the Kiev Institute of Technology. At the beginning of the Russian Revolution he served briefly as Minister of Labour in the Menshevik government of Georgia but was forced to escape to Germany. There he went first to the University of Berlin, where he studied economics and statistics with L.V. Bortkiewicz, and then to the University of Heidelberg, where he received his Ph.D. in economics in 1922. His professors at Heidelberg included E. Lederer in economics, A. Weber in sociology, K. Jaspers in philosophy and G. Anschuetz in public law.
KeywordsDecision theory Demand theory Econometrics Equilibrium Information, value of Joint demand Marschak, J. Rationality Socialism Stochastic theory Teams, economic theory of Uncertainty
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