Lester G. Telser
Encyclopedia
Lester Greenspan Telser is an American
economist
and Professor Emeritus in Economics at the University of Chicago
.
He is a graduate of Roosevelt University
. He received his Ph.D.
from the University of Chicago
in 1956 and has been a member of the faculty since 1958.
His works include research on the theory of the core
, Federal Reserve policy, and integer programming
. Unusually for the Chicago school of economics, he also wrote about game theory
as early as 1972.
He has been a Fellow
of the Econometric Society
and of the American Statistical Association
since 1968.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and Professor Emeritus in Economics at the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
.
He is a graduate of Roosevelt University
Roosevelt University
Roosevelt University is a coeducational, private university with campuses in Chicago, Illinois and Schaumburg, Illinois. Founded in 1945, the university is named in honor of both former President Franklin Delano Roosevelt and First Lady Eleanor Roosevelt. The university's curriculum is based on...
. He received his Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...
from the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
in 1956 and has been a member of the faculty since 1958.
His works include research on the theory of the core
Core (economics)
The core is the set of feasible allocations that cannot be improved upon by a subset of the economy's consumers. A coalition is said to improve upon or block a feasible allocation if the members of that coalition are better off under another feasible allocation that is identical to the first...
, Federal Reserve policy, and integer programming
Integer programming
An integer programming problem is a mathematical optimization or feasibility program in which some or all of the variables are restricted to be integers. In many settings the term refers to integer linear programming, which is also known as mixed integer programming.Integer programming is NP-hard...
. Unusually for the Chicago school of economics, he also wrote about game theory
Game theory
Game theory is a mathematical method for analyzing calculated circumstances, such as in games, where a person’s success is based upon the choices of others...
as early as 1972.
He has been a Fellow
Fellow
A fellow in the broadest sense is someone who is an equal or a comrade. The term fellow is also used to describe a person, particularly by those in the upper social classes. It is most often used in an academic context: a fellow is often part of an elite group of learned people who are awarded...
of the Econometric Society
Econometric Society
The Econometric Society is an international society for the advancement of economic theory in its relation with statistics and mathematics. It was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....
and of the American Statistical Association
American Statistical Association
The American Statistical Association , is the main professional US organization for statisticians and related professions. It was founded in Boston, Massachusetts on November 27, 1839, and is the second oldest, continuously operating professional society in the United States...
since 1968.
Books
- Functional Analysis in Mathematical Economics: Optimization Over Infinite Horizons (with Robert L. Graves, 1972).
- Competition, Collusion, and Game Theory (1972).
- Economic Theory and the Core (1978).
- A Theory of Efficient Cooperation and Competition (1987).
- Theories of Competition (1988).
- Joint Ventures of Labor and Capital (1997).
- Classic Futures: Lessons from the Past for the Electronic Age.
- The Core Theory in Economics: Problems and Solutions (2007).